The retail industry is undergoing a moment of "qualitative change" in China. Retailers such as Costco, Pinduoduo, Aldi, Pangdonglai and Ling shi Hen Mang (Snacks Busy) have risen rapidly through aggressive price advantages, carving up the market share of traditional supermarkets and even traditional e-commerce. As a result, declining performance, store closures, and bankruptcies have become the "new normal" in the retail track. In recent years, Snacks Busy opened 2,000 stores

Discount Retail Consulting management team recently visited the Pangdonglai Angel City (天使城) store in its home town Xuchang. Pangdonglai (胖东来), often hailed as China's "retail miracle" or the "Trader Joe's of China," is a beloved supermarket and shopping mall chain based in Xuchang, Henan Province. It is only active with its 13 stores in the Henan province and plans to open a new store in the capital of Henan Province Zhengzhou in 2026. Pangdonglai is privately owned by the f