Nanning Department Stores Are Under The Pressure Of Rent And The Main Stores Can Not Operate As A Whole.

< p > June 26th, < a href= "http://www.91se91.com/news/index_c.asp" > Nanning < /a > department store announced that because of failing to reach agreement with most owners of Jinhu shop on renewal of tenancy, some owners still have big differences with Nanning department store on rents and other issues.

Up to now, the renewal rate of the owners has not yet reached the conditions for their resumption of business, and the Jinhu store is still not operating as a whole.

At the same time, Nanning department store intends to make adjustments to the operation of the Jinhu store, retaining only the operation of the home appliance area.

Nanning department store said that the impact of the above adjustment is temporarily uncertain.

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< p > in fact, Nanning's < a href= "http://www.91se91.com/news/index_c.asp" > department store < /a > suggested in last year's annual report that if Jinhu store fails to reach a comprehensive renewal agreement, it will have an impact on its revenue growth and cash flow.

It is worth noting that in the next 2~3 years, there will still be rentals for Nanning's department stores, and there is also a risk of rentals and increased rental pressure.

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Besides P, Nanning department stores also face many difficulties.

Its main store is affected by the enclosed construction of Nanning metro, the passenger traffic volume has declined, and the operating pressure has increased steeply.

And according to plan, the subway line will be completed in 2016.

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In addition, the domestic retail industry is still at a low level, and the industry's pformation is intensifying. The rents and labor costs of commercial property are rising gradually. P

Especially with the advent of the mobile Internet era, the electricity providers accelerate the diversion of the "a href=" http://www.91se91.com/news/index_c.asp "traditional retail /a" market.

Data show that last year, the national online shopping paction scale of 1 trillion and 890 billion yuan, an increase of 42.8% over the same period, accounting for 8.04% of the total social consumer goods.

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< p > in this case, the revenue of Nanning department store last year was 2 billion 895 million yuan, an increase of 9.60% over the same period last year.

However, Nanning's department store realized a total profit of 29 million 720 thousand yuan, a year-on-year decrease of 63.37%, and a net profit of 16 million 970 thousand yuan, down 73.66% compared to the same period last year.

In the first quarter of this year, the net profit of Nanning department store was only 1 million 120 thousand yuan, down 88.2% compared with the same period last year.

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At the same time, BBK, a leading retail chain retailer in Hunan, is also implementing its "Southwest strategy" quickly. P

In May this year, BBK and its subsidiaries said they would acquire 100% of Guangxi's Nancheng department store Limited by Share Ltd by issuing shares and paying cash.

Nancheng department store includes direct chain operation of supermarkets, department stores and electrical appliances. Its scale of operation is in the forefront of chain retail enterprises in Guangxi. The net profit in 2012 and last year was 132 million yuan and 105 million yuan respectively.

BBK wants to take the southern city department store to enter the Guangxi market.

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< p > Nanning department store chairman Huang Yonggan said recently that Nanning department store established an electric business company to explore and promote the combination of online and offline marketing mode so as to reduce the impact of the electricity supplier on the physical store.

In addition, the entity store still has its relatively fixed consumption group. For Nanning department stores, because of brand superiority and superior geographical location, consumer groups can maintain relatively stable state.

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