Chapter 437: with translation of chapter title

Li Xin might not know about other things, but he really knows how to run a retail business—after all, the company he was in in his past life was just a link in the supply chain.

Even if not someone in this line of work, on the streets of later times, grab any random person and they can rattle off a whole lot.

Sai Kung

After reading the imperial books three hundred times, even if you don't know the posture, you'll still be able to do it.

The in-store experience of retail enterprises is the key to their foothold.

For example, in the later era, Eagle Sauce Sam's Club member store, in the environment of rapid e-commerce development, attracted many users by offering products unavailable online.

Retail enterprises need to shift from product-centric to customer-centric operations, i. e., building and managing private-domain traffic.

Accurately classify customers, find the customers the store needs, and provide immediate satisfaction, immediate experience, and immediate consumption.

And the essence of channels is 'efficiency'; retail enterprises need to lower costs and improve operational efficiency through an efficient supply chain.

For example, COSTCO and Sam's Club have improved operational efficiency through extremely few SKUs and extremely low gross margins.

The key to retail enterprises' success also lies in long-term win-win cooperation.

Only by pursuing long-term benefits can one go further in the retail industry and attract high-quality customers who pursue quality.

Retail stores need to have their own unique product structure and supply chain system, because customers' core demand is shopping.

Only by firmly grasping these two core issues are other matters minor.

And the supply chain is the lifeline of a retail enterprise; those enterprises won't easily give it up. For others this might be a big problem, but for Li Xin who knows how to do business, it's really not a problem.

He has special business methods!

When Da Tou arrives at Xi Gong, He Qiang is busy in the kitchen; today Li Xin is hosting a banquet for Hong Wen Sheng and another person at home.

Li Xin saw that the four of them had arrived, then nodded to Hong Wen Sheng and led them to the study to talk.

Li Xin sat behind the desk, pointed to a chair, and gestured for them to sit down and talk.

«Hu Wang, Gui Wang, Da Tou, Fei Quan, this time I called you over for one matter: I want the supply chains of those retail enterprises, but they don't want to give them to me. What do you suggest? »

Their answers all had a gang's flavor. Fei Quan, hearing Li Xin say this, immediately said: «Old Ding, I'll handle this; I'll send dozens of people every day to guard his door, believing they know what to do. »

Gui Wang gave Fei Quan a disdainful glance, curled his lip, and said: «Boor! »

Fei Quan then became unhappy, saying: «Isn't that how gangs always do things? »

«Come up with a good idea, let me see what clever plan you have. »

Gui Wang blurted: «Behind those big malls are either foreign corporations or those big tycoons; many are listed companies. If we cause too much trouble, the police can't pretend not to see; why invite trouble? »

«Those who run retail malls and stores source many of their goods locally in Gangdao; we can't do that elsewhere, but we can still cut off their Gangdao supply chain. »

«Using Gangdao's supply chain to exchange for their other supply channels, this way nobody loses out and we avoid causing a city-wide uproar. »

Hu Wang and Da Tou exchanged a glance, noted what the two said, and when they went back they would try them out, using whichever worked.

After they finished speaking, Li Xin laughed and gave Gui Wang applause.

In Gangdao nowadays, no matter what line of work one is in, one cannot do without the gang.

«Gui Wang, you still know how to eat brains; I don't care how you do this, just give me the result I want. »

After you finish this, you can fully split into different types of equity stakes or acquire several companies, thereafter exclusively supplying Hong Xin Retail; profits may be small now, but once Hong Xin Retail develops, this will also be a considerable sum.

Li Xin shouted to the outside: «Jian Guo, bring the things in. »

Jian Guo opened the door, carried in four small travel bags and placed them on the desk.

Li Xin pointed to the four people: «One each, this is your hard-earned fee. »

Hu Wang rubbed his hands, somewhat unwillingly saying: «Brother Xin, we're old friends; do we really need this? »

Li Xin laughed and scolded: «You're about to bleed dry under the Prince and Brother Tai; can I still not let you put up money to work? »

«We're all old brothers; don't stand on ceremony with me. Today I'm hosting the Eagle Sauce Prosperity people, so I won't keep you; later I'll treat you to a meal separately. »

Da Tou took the lead in grabbing a travel bag, knowing Big Brother isn't short of money, and besides, there's no need to stand on ceremony with Big Brother.

«Big Brother, I'll get back to work right away and give you the results you want as soon as possible. »

Copper Gong Bay Hongdu Nightclub.

Da Tou directly poured the money from the bag onto the table, looking at Copper Gong Bay's underside and said: «I don't care what methods you use; I want to know the procurement channels of those malls and department stores in the Copper Gong Bay area; this is the tea money. »

«Get to work. »

This scene also took place in Yau Tsim Mong; everyone put in great effort.

Copper Gong Bay Esteemed Light Department Store has two locations in Gangdao, one in Tsim Sha Tsui and one in Copper Gong Bay.

(Esteemed Light Department Store opened in 1985; for plot needs, opened early!)

However, most people go to the Copper Gong Bay branch; the Esteemed Light Department Store in Copper Gong Bay is located in the busiest part of Copper Gong Bay.

Inside, most items are daily necessities from small Japanese brands; there are often specials from different brands, and when discounted, prices are lower, offering high cost-performance.

But today is an exception; many customers were scared away by the gangsters sitting at the entrance, these people holding a bottle of soda, drinking it with relish.

If anyone refuses advice and still tries to go in, they will stare fixedly at that person until he leaves of his own accord.

The security chief of Esteemed Light Department Store approached these people and politely asked: «May I ask who is in charge? »

Yi Jian came over from not far away; this kid made a little name for himself with his fists in Kowloon City, being righteous but hot-tempered, often getting into fights.

Originally he wanted to become a disciple of Sky Rainbow, but unexpectedly Sky Rainbow became the head of Prosperity, no longer accepting disciples, so he had to join Da Tou's sect.

At least he is now also a legitimate descendant of the Xi Gong lineage, pure and orthodox.

Yi Jian approached the security chief, pointed to himself, and said: «I'm the person in charge; if you have any matters, you can talk to me. »

The security chief pulled Yi Jian aside and whispered: «I don't know which gang you belong to, brother. »

«Prosperity Copper Gong Bay Hall's Yi Jian. »

Upon hearing Yi Jian announce his affiliation, the security chief's head buzzed, his vision darkened, and only one thought crossed his mind.

This job is not secure!

Letting him maintain ordinary public order is fine, but when Prosperity comes looking for trouble, he really dares not get involved.

It's just a job; although the pay is tempting, there's no need to risk one's life.