Guangzhou Modern Department Store West City Stores Are Closed.

< p > the largest private department store in Guangzhou on the 15 th of this month announced the suspension of the business of westward stores.

This modern department store is located in the west city of 8 Huang Sha Road, Liwan District. It has been running worse than expected for more than a year, and it plans to carry out the whole business adjustment.

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< p > < strong > < a > href= > http://sjfzxm.com/news/index_f.asp > West City < /a > all stores are in a loss state < /strong > /p >

< p > yesterday, the responsible person of modern department store said that the Xicheng store has been suspended for a long time and is planning for replanning and reinviting business. There is no definite time for reopening.

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< p > modern department store is the largest private department store in Guangzhou.

Earlier, in order to speed up the listing, modern department stores in the first two years stationed in Beijing road Guangming square and Huang Sha Road West City stores, when the economic downturn, consumption power weakened and electricity supplier impact, department store new store's growing period, the modern department store had to face enormous operational pressure.

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< p > according to the public pfer instructions of Guangzhou modern department store released in March 31st this year, the main reason for the continued decline of net profit and operating capital in modern department stores is attributed to the drag of two new stores in Beijing Road store and Xicheng all stores.

In 2012, January 2013 to August, the total losses of the two newly opened stores were 17 million 586 thousand and 400 yuan and 46 million 712 thousand and 300 yuan respectively.

In May of this year, because the business situation was not as good as expected, the modern department store closed the Xintang shop stop loss, and the number of stores was reduced from 8 to 7.

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< p > < strong > shutting down possibility > /strong > < /p >.

< p > will the modern West City store be adjusted or reopened or will it be closed? < /p >

< p > a brand dealer told reporters that the news was that the modern West City store was closed, and the department stores would not normally make any adjustments and shut down.

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People who are in the industry are surprised that if P really wants to adjust, they should stop the adjustment after the plan is made.

The moratorium on westbound stores is likely to be followed by closing stores.

If losses continue to increase, closing stores is not necessarily a bad thing. "

Insiders said.

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< p > Huang Wenjie, executive director of the Guangdong Circulation Industry Association, said that Guangzhou's yellow sand business circle has formed a pattern of weakening retail and wholesale strength, and the time of opening stores in modern western cities coincides with the continuing downturn in retail business and the difficulty of operation.

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< p > > another a href= "http://sjfzxm.com/news/index_z.asp" > < /a >. In order to match the location of Xicheng, the modern department store built the shop into a modern upgraded version, positioning high-end, but in the current situation, such a positioning is not in line with the consumption power of the surrounding area.

Huang Wenjie believes that the current passenger flow situation in Xicheng Dali store is not ideal, and the modern West City stores want to rush out of a distinctive road in many department stores in Guangzhou so as to achieve differentiated operation and comply with the surrounding location.

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< p > < strong > the first half of the year: the number of retail outlets increased by four times < /strong > < /p >

In P, retail business is not new.

In the first half of the year, the main retail enterprises (excluding home appliances and appliances) closed 158 stores in the country, far exceeding the number of 35 stores in 2013, according to the statistics of main retailers in the first half of 2014.

The reporter observed that in just two and a half months, 13 department stores in China have been closed.

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< p > according to the statistics of the China National Business Information Center, the retail sales of 50 key large retail enterprises in the first half of the year dropped by 0.8% compared with the same period last year, and the growth rate was 11.8 percentage points lower than that of the same period last year.

In June, the retail sales volume of 50 key large retail enterprises decreased by 0.2% compared with the same period last year. The growth rate dropped 13.7 percentage points from the same period last year, while the 50 a href= "http://sjfzxm.com/news/index_z.asp" > retail > /a > only 20 enterprises with positive retail sales, a decrease of 15 over the same period last year.

The whole retail industry is in the "cold winter".

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