Red beans men: three years the number of stores expanded to 3,500

Red bean shares Zhou Mingjiang 28, chairman of China Securities Journal said the company plans in two to three years to expand the number of stores to 3,500, is expected to be able to store the annual revenue of 3.5 billion. According to reports, from the second half of 2008, Hongdou shares began to change the sales model, the use of self-employed and joined a combination of building chain stores in the country. The current number of stores is about 400, including Red Bean Men and Edfi (IDF) two brands. Zhou Mingjiang said that the chain monopoly is to improve the gross profit margin, the speed of cash flow and better accept consumer feedback. The company plans to set up stores in Jiangsu Province all for the self-owned stores; located in Henan, Anhui, Shandong, Jilin, Hubei stores with self-employed and joined the form of integration; located in other provinces and cities all for the franchise. To join the form is to achieve the rapid expansion of the number of stores. According to the company's 2008 annual report, it plans to open 400 red-bean man's stores in 2009. In addition, shares of red beans are also trying to sell through e-commerce. Brands sold through e-commerce are not the same as stores, so there is no friction. Zhou Mingjiang believes that 5 to 10 years after the e-commerce revenue will exceed store sales.

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