Supermarket retailers make money from manufacturers by charging them store entry fees, display fees, promotion fees and annual rebates based on sales volume.

中国的超市零售商在传统上就是通过向供应商收取进店费、陈列费、促销费和年度销售返利来挣钱的。

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Pershing Square has underperformed the U.S. stock market for two straight years after fees, even with the big short promotion of Herbalife in December, which included a presentation on a New York City stage.

FORBES: Carl Icahn's Herbalife Battle Against Bill Ackman Is Probably Not 'Fun' For Pershing Square's Investors