What do large formats and small formats mean?

Large formats refer to the original large supermarkets, while small formats refer to convenience stores, snack stores, fresh food stores, etc.

"Small format" retail, represented by convenience stores, snack stores, fresh food stores, etc., is replacing large supermarkets as a new development hotspot. The transformation of retail to small formats is the embodiment of supply-side reform in the commercial field. It not only solves the convenience needs of residents, but also improves the consumer experience.

The rise of a number of small retail companies with an output value of billions of yuan, such as Bestore, Zhou Hei Ya, and Qian Ji, has enhanced the national influence of Wuhan's commerce. Even Zhongbai Group, which once focused on supermarkets and hypermarkets, is also transforming into small businesses. Convenience stores and fresh food stores have become the company's development focus in recent years.

Extended information:

Nine factors for small community businesses to increase retail sales:

1. Neat and organized store signs, clear and distinctive facades The overall decoration design style is the first element to attract the attention of customers.

2. Bright and clean glass doors and windows are the second important consumption inducement that guides consumers to enter the store for consumption.

3. The third factor for retail stores to attract and increase sales is display that maximizes shopping convenience and customer experience.

4. The professionalism and dynamic sales guidance of in-store waiters.

5. Properly plan and set up the golden channel of the store.

6. Eye-catching guidance on product classification shopping guides.

7. The store’s main sales categories are comprehensive.

8. Pay attention to display details such as eye-catching and full display of store products.

9. Promotion of periodic store promotional products.

Hubei Provincial People's Government Website - China Retail Innovation Summit was held in Han, small format retail has become a hot spot