NingboLife and NingboExpat since 2004 - In the first half of this year, Ningbo opened 40 new first stores

In the first half of this year, Ningbo opened 40 new first stores

Details: Category: Ningbo Business; Published: Monday, 21 August 2023 13:44

The catering industry performed strongly.

The full return of offline consumption has rekindled the enthusiasm of brands to open stores. Ningbo's first-store economy once again delivered a beautiful answer, with 40 new first stores added in the city in the first half of the year, among which the catering performance was particularly strong.

40 new first stores were opened in Ningbo in the first half of the year

According to incomplete statistics, Ningbo focused on monitoring 189 new stores in shopping malls in the first half of this year, including 1 first store in China, 9 first stores in Zhejiang and 30 first stores in Ningbo.

From the perspective of the first store level, the first store in Ningbo is mainly concentrated in the first store at the city level, accounting for 75%, and there is still a lot of room for development in the first store in the country and provinces.

According to statistics, the above first store involves 11 commercial projects. Among them, Ningbo Tianyi Square introduced 11 first stores, ranking first; Ningbo Hankyu Department Store introduced the first 9 stores, followed closely behind; It is followed by 6 MixC in Ningbo, 3 in Ningbo Yinzhou Impression City and Ningbo Heyi Avenue Shopping Center.

It is worth noting that Ningbo Hankyu Department Store has 4 stores in the province, accounting for 44% of the total number of projects, slightly higher than Tianyi Plaza in terms of level, and mainly retail and children's parent-child in terms of business format, which is related to Ningbo Hankyu Department Store as the first overseas store of Hankyu Japan, itself has international resources, and the project has indeed stimulated the vitality of Ningbo's high-end consumption since its opening.

F&B and retail are highly active

From the data, catering and retail accounted for 48% and 37% respectively, which shows that catering and retail are still the two trump card formats. In terms of catering, the first store of Chinese catering and baking brands is the most popular; In terms of retail, clothing has become the main force of expansion.

In June this year, a light luxury brand sold more than 1 million yuan in a single day on the opening day of Heyi Avenue; On the opening day of Ningbo Hankyu, a baking brand attracted a large number of consumers to "check in".

In terms of retail, clothing is still the key format introduced by various shopping malls, including Ningbo Hankyu Department Store, Ningbo MixC Mall, Ningbo Yinzhou Impression City, Ningbo Heyi Avenue Shopping Center and other shopping malls.

Yin Qiuping, Director of the Consumption Promotion Division of Ningbo Municipal Bureau of Commerce, pointed out that Ningbo's consumption boom has been shown since the beginning of this year, and the consumption engine is still accelerating. Official data show that in the first half of this year, Ningbo achieved a total retail sales of social consumer goods of 241.41 billion yuan, a cumulative increase of 9.1% year-on-year, an increase of 2.3 percentage points over the first quarter, of which the total retail sales of social consumer goods increased by 9.7%. The per capita living consumption of residents in the city exceeded 22,000 yuan, a year-on-year increase of 6.1%