Before October, The Retail Industry Closed 180 Stores, Making The Most Of History.

In the wake of the sudden downturn in retail sales, WAL-MART China was reported to have been laid off from 25 yesterday. From the top level to the middle level, it has involved hundreds of people. WAL-MART headquarters in Shenzhen has interviewed dozens of people, most of whom are over 15 years of work.

WAL-MART responded yesterday to the Guangzhou daily that more than 20 middle-level management positions will be affected. The reason is restructuring and streamlining business processes. According to rough statistics, WAL-MART has closed 13 stores in China this year.

Recently, the old department store Wangfujing sold 100% stake in Zhuzhou Wangfujing department store Limited on the Beijing equity exchange website, with a listing price of 10 million 301 thousand and 100 yuan. Analysis said that the sale of Zhuzhou branch is mainly due to shortage of funds and Zhuzhou branch's operating performance is too poor. According to the statistics of China Unicom, in the first 10 months of this year, domestic retail enterprises closed about 180 stores, the highest in history.

Behind the store is the continuing downturn in the retail industry. According to the performance of 72 listed companies in shwan's retail industry, revenue in the first three quarters of 2014 profit The growth rate is the lowest in 10 years. Even if this is the case, the news of retail business is continuing. Less than a week later, Guang Bai and Xinguang two major local department stores came to the news.

Yesterday, Guang Bai shares announced the renewal of Baiyun District. Hundred letter Plaza Upgrade and reopen the store. It has been revealed that the renewal rent has increased a lot than the original rent level. "If we do not lose money, even if we only reach the profit and loss balance line, we must open it." Guang Bai shares CEO Huang Yongzhi frankly.

And in May of this year South China Sea The shinguang department store, which was "defeated", was stationed in Haizhuqu District last Saturday. Xinguang department store, which only focuses on department stores, first tried the whole mode of leasing, and then joined the new capital of Haizhu. Wei Zhenjie, general manager of Guangzhou Xinguang commerce, said that online shopping has highlighted the pride of experience, and this is also a turning point in the department store industry, increasing the proportion of catering and entertainment experience, and shopping center of department stores.

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Today, I.T group has released the mid term financial report again this year. According to the content, the number of direct outlets in Hongkong has been reduced from 275 in February to 261 at the end of August, and the number of direct outlets in the mainland has decreased from 253 to 246, plus the overseas markets such as Taiwan, Macao and Japan, and I.T group has closed 26 stores in half a year.

However, the overall performance is red. The total business volume of I.T headquarters in Hongkong from August 31st to HK $1 billion 656 million, an increase of 3.9% over last year, accounting for 51.3% of the group's total turnover, and the total turnover of mainland China's business increased by 19.7% to HK $1 billion 220 million compared with last year, accounting for 37.8% of the total turnover of the group, and its second largest source of revenue.

It is worth mentioning that the I.T group's strategy is driven by a series of latest international well-known brands and a number of highly original self created and licensed brands. During the review period, the group's own brands continued to be the largest source of revenue, accounting for 56.1%.

Driven by a 9.8% increase in turnover, the gross profit margin of I.T group increased by 14.9% compared with the same period last year, and the gross profit margin rose by 2.7% to 61.9%. The development of I.T group in the mainland has total retail revenue of HK $1 billion 122 million, an increase of 20.2%. Comparable store sales increased by 4.3%.

I.T said, "the Group believes that the accelerating pace of industrialization and urbanization in mainland China, the rapid growth of lower level cities, and the trend of increasing the taste of life by the middle income class in particular, will provide a favorable business environment for the unique quality brands in the long run."

In the face of the above market conditions, I.T group expanded its retail network by 1.7%, to 886344 square feet in August 31, 2014 and 871518 square feet in February 28, 2014. The retail network is expected to expand further in the rest of the year.

It is reported that the operating profit of the mainland market was HK $30 million, compared with a loss of HK $14 million in the same period last year. It is reported that the main reason for the loss of profits is that the positive discount activities have been reduced during the period, leading to a gross profit margin rising to 60.4%, and the operating cost being equal to the sales volume, which is 57.9%.

For future development, I.T said that it is also prudent to embrace new ideas and seize new opportunities. It will continue to focus on various products, store design, customer service, discount strategies and other aspects to enhance individual store performance. "On the mainland of China, we like to see further expansion of the retail sector in the first and second tier cities. We will continue to study opportunities to further promote business growth in the region and strive to expand the market and enhance brand awareness. "