The World's Second Largest Retailer Tesco Report

In the first half of 2014, sales fell 4.6%, operating profit fell 41% to 937 million pounds, and revenue dropped 4.5%. The company's pre tax statutory profit dropped by 91.9%, to 112 million pounds. Dividends per share shrank by 75% to 1.16 pence. Surprisingly, the company once raised its revenue estimate from $118 million to $263 million in the first half of the year.

Tesco said sales and operating profits in the first half of this year were "slightly lower than expected," which is attributed to the difficult market environment and investment to improve user services and establish long-term loyalty. "

Earlier, Tesco has announced that Dave Lewis will become the new company. CEO 。 And the chairman of the company, sir Richard Broadbent, said, "once the old and new CEO is overdone, the new business plan will bring a new look to the company. What I need to do now is to fulfill my mission. I agree with the board of directors that it is time to turn the company to a new leader with a new outlook and new image.

　　 Tesco The stock price is currently 1.83 pounds, down 50% compared with 3.71 last year. Buffett, a stock god, also suffered heavy losses because of his optimistic purchase. Buffett Earlier in an interview with CNBC, he said that his investment in British retail giant music in the past seven years was a "huge mistake". Berkshire chairman Hathaway Buffett is the fourth largest shareholder of Tesco and holds 4.1% of the company's shares.

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Cinemas, KTV and department stores are the main shops of shopping centers, because shopping centers need entertainment experience to increase their experience. They also need department stores to increase customer loyalty and improve passenger flow. With the development, there is a phenomenon of shopping center customers returning to the main department stores. Because of this, many shopping centers began to cancel their main department stores. This phenomenon is known as "shopping malls to department stores" in the industry.

"It's not the shopping centres that don't want department stores, but the reality that they have to give up." A business network official said that more and more shopping centers began to retreat department stores. There are many reasons, one of which is that the Department's internal investment and shopping center investment are easy to fight. Moreover, at present, the Department's popularity is not as good as that of supermarkets.

Other business experts believe that if shopping centers can not get richer brands and their exclusive labels through department stores, they can not bring fresh feelings to consumers. "Shopping centers' new look" will be an inevitable trend.

In fact, if you observe carefully, you will find that more and more shopping centers are beginning to pay more attention to the proportion of catering and entertainment formats, and on this basis, we should increase the introduction of fast fashion brands or brand collection shops that are more attractive to young fashion groups.

"Fast fashion + brand collection shop + popular dining + children's format" will be a new combination of shopping centers in the future, and the brand collection store will largely replace the department stores, becoming a new highlight of shopping centers. Take Beijing Chaoyang Joy City as an example, which first started involving department stores. In April 2012, it adjusted and upgraded, while strengthening fashion features, increased catering and entertainment formats, and strengthened children's formats. After second years of upgrading, sales increased by 40%.

According to the latest report of Hangzhou's three quarter market report and China property investment guide, the number of shopping centers in Hangzhou will explode in the next two or three years. Homogenization will become increasingly serious. "If shopping centers can't get richer products from department stores or their own exclusive labels, there is no way to bring freshness to consumers, then going to department stores is also an attempt." Hangzhou the Mixc relevant responsible person said that the most important thing for shopping centers to consider now is how to improve the competitiveness of shopping malls.