Shenyang Commercial City Will Be Hosting Maui Department Store.

After Zhongxing shopping mall hosted the Zhongjie shield and Anxin City, it opened business for less than four years, and was committed to the loss of Maoming department store golden shop. Finally, it made a difficult decision to hand over to the management and operation of the commercial city.

However, some people in the industry are not optimistic about the prospect of the move. First of all, the business city which has already been in a difficult position is going to operate Maui department store. Whether it can turn the tide is unknown. Secondly, the commercial city is hosting the Maoming industry. There is competition between the two industries.

Mao Ye Jin Lang shop lost 6 million yuan last year.

In September 19th, the Shenyang commercial city Limited by Share Ltd (hereinafter referred to as the commercial city) issued a notice that the board of directors deliberated and passed the motion entrusted with the operation of Maoming Gold Gallery store, and the trusteeship agreement was effective from January to December 31, 2016.

According to the agreement between the two sides, Shenyang Maopai Real Estate Co., Ltd. has granted the commercial city management the right to other rights, such as management, personnel management, financial management, capital management, business opportunities and goodwill, besides other rights, such as management, personnel management, financial management, fund management, business opportunities and goodwill, etc.

This announcement shows that as at the end of last year, the total assets of the gold shop of Maui department store were 22 million 340 thousand yuan and net assets were 5 million 933 thousand yuan.

Last year, the business revenue of the mall was 59 million 610 thousand yuan, and its net profit was 5 million 933 thousand yuan.

A veteran who is familiar with retail business in Shenyang said that the annual revenue of 60 million yuan is rather bleak with the volume of 80 thousand square meters of Maui department store. If it were not for Maoming estate itself, it would still be more ugly if it had its own property.

The reporter has learned that in the collection of trusteeship management fees, the two sides agreed that according to the gross profit margin of the store business, which is not less than the gross profit margin of the base of 2013, the growth rate of operating income will be different.

Maoming has been the largest shareholder in the commercial city.

At the beginning of this year, MC's wholly-owned subsidiary invested more than 2 billion yuan. The agreement purchased 11.74% of the commercial city of Shenzhen Qi Chuang Neng Trading Co., Ltd., so that the proportion of Maui's shareholding commercial city reached 29.22%, and jumped the first place, becoming the controlling shareholder of the commercial city.

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In the doldrums and the saturation of retail market in Shenyang, it has become a hot topic in the industry that whether the practice of Maoming industry has entered the commercial city.

Prior to the commercial city, the main business of the commercial city was mainly wholesale and retail of daily necessities, jewellery, hardware and electrical appliances, and household appliances, and the business area was Shenyang.

The Huang Maoru controlled company has a competitive relationship with the commercial city, including Shenyang Maoming Department Store Co., Ltd., Shenyang maiye Times Property Co., Ltd. and Shenyang maiye Real Estate Co., Ltd.

The above companies are

The region owns and operates Maoming department store Jin Lang shop and Maui department store Tiexi store.

Commercial city said that in order to solve the problem of competition between the two industries, Huang Maoru and Zhong trillion investment have made public commitments: within 3 years, it will solve the competition between Shenyang Maopai Real Estate Co., Ltd., Shenyang Maoming Times Property Co., Ltd. and Shenyang maie general merchandise Co., Ltd. and Commercial City.

It is precisely because Maopai holds the largest shareholder of the commercial city stock, so the commercial city trustee Mae department stores constitute related pactions, which is the same as the shield holding Zhongxing and the Zhongxing trust shield new city.

The Five Mile River business circle is undoubtedly the most concentrated area of department stores along the Golden Corridor.

From the Five Mile River Park on Youth Street to the Shenyang TV station, just 3 stops, the tall buildings that have been built up have already overturned the impression of the old Shenyang people on the Five Mile River, and the department store has also increased from the original one to 8.

New world K11 shopping Art Center 260 thousand square meters, summer palace city square 35 thousand square meters, friendship Times Square 60 thousand square meters, Maoming department store 80 thousand square meters, Jia Zhao industry 100 thousand square meters......

These commercial predators fill the area, plus the former Shimao department store that has been pformed into tea city, and the Hualian five Li River store, which is about to open after upgrading and upgrading, and the shopping mall area in the Five Mile River area is as high as 600 thousand square meters.

At present, the Five Mile River area is not yet officially operated except for Maui department store and KOH Lee Department store.

Against this background, the Golden Hall store of Mao Ye Department is not proud of its performance, and will face more intense competition in the same industry.

It is difficult to determine what changes will be made in the commercial city of Shenyang to officially trust the Maoming Gold Gallery store. However, the difficulties of the commercial city itself are reality.

2012, 2013 commercial cities with a loss for two consecutive years, if they can not achieve profits in 2014, the stock will be dealt with the "delisting risk warning".

The latest semi annual report shows that in the first half of this year, the loss of commercial city was over 100 million, and the road to turn losses has become difficult.