日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

South Beauty has its eye on smaller cities for growth

By Wang Zhuoqiong (China Daily) Updated: 2015-02-04 07:52

South Beauty has its eye on smaller cities for growth

A South Beauty restaurant in Shanghai, China, July 8, 2013. [Photo/IC]

High-end restaurant chain South Beauty is looking to expand into second-and third-tier cities to lift sales that have been flagging due to the government's ongoing austerity campaign.

Earlier this month, South Beauty set up a store in Kunming of Yunnan province to spearhead its efforts to shift from its luxury catering-driven business model. South Beauty has 74 stores in China, with about 50 percent of them located outside the top-tier cities.

Last April, CVC Capital Partners Sicav-FIS SA completed its investment and became the majority shareholder in South Beauty Investment Co Ltd, which owns and operates the restaurants.

An industry insider said the rentals for a restaurant in second-and third-tier cities is 20 to 30 percent lower than that in the first-tier cities, thereby lowering the pressure in terms of cost.

Wu Jinge, media supervisor of public relations at South Beauty Beijing Enterprise Management Co Ltd, said the chain plans to open more stores in second-and third-tier cities to offset losses due to the frugality campaigns.

She said the catering market in the top-tier cites is saturating, but demand from the lower-tier market is growing rapidly.

Many restaurants are shifting from large cities and expensive menus to smaller cities and medium-priced dishes, a trend which is more visible during festival seasons.

Zhu Danpeng, an industry researcher, said the traditional Lunar New Year's Eve dinner for the upcoming Spring Festival is being offered at much lower prices than before and with more food varieties.

He said though most of the chains have launched high-end menus to maintain profits, it is medium-priced menus that are expected to gather more traffic for the restaurants.

Though the catering industry has seen some signs of recovery after struggling for most of the government's austerity campaign, it still needs more innovation in services, the China Cuisine Association said in its annual report last year.

During the first 10 months of 2014, revenue was up 9.7 percent to 2.26 trillion yuan ($368 billion), which the CCA said was "a slight increase" from the comparable period's growth rate.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲综合91 | 色01看片网 | 欧美成人精品一区二区三区在线看 | 秋霞欧美网| 日韩一级片中文字幕 | 九九视频在线 | 久久综合五月 | 精品一级视频 | 色虎在线观看 | 午夜精品久久久久久久久久久久 | 玖玖爱在线精品视频 | 国产欧美日韩综合精品 | 日本中文字幕网站 | 亚洲免费看黄 | 黄视频网站在线观看 | 成人av图片 | 久草免费av | 色婷婷av一区二区三区大白胸 | 91亚洲国产成人精品一区二区三 | 久久一区精品 | xxxxwwww国产| 99精品欧美一区二区 | 水密桃av | 免费网站观看www在线观 | 中国毛片直接看 | 五月婷婷丁香 | 日本激情网站 | 成年男女免费视频网站 | 中文字幕一区二区三区在线观看 | aaa免费在线观看 | 亚洲在线| 超碰2019 | 亚洲不卡影院 | 第四色av | 色91视频 | 亚洲精品一级片 | 中文字幕一区2区3区 | 中文字幕日本在线 | 亚洲欧美色图 | 一级特黄色片 | 九九在线观看免费高清版 |