Hangzhou IKEA Will Try E-Commerce In Some Areas

In fact, in the Hangzhou City, where online shopping is booming, there are some traditional ones.

Or the market has felt the challenge that the electricity supplier brings to varying degrees.

Last year, WAL-MART, an international retailer, finally had to turn off WAL-MART's Hangzhou Phoenix store.

A few months later, the Shang Tai Department Store in the Mixc was officially closed.

A Hangzhou city famous shopping malls responsible person told reporters that by the impact of e-commerce, the volume of business declined last year.

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In the monitoring, online shopping continued to exert pressure on the traditional retail industry, which was 23%, 24.6% and 25.8% higher than that of professional stores, supermarkets and department stores.

In the depressed retail situation, most retail businesses choose to stop shop.

Statistics show that as of June 30th last year, the main retail enterprises closed 158 stores in the country, far ahead of the year's total number of 35 stores.

So, how can IKEA respond to the pressure and challenges that the electricity supplier may bring? IKEA company Hangzhou shop answers this reporter: "IKEA will open up a new store in any city and have a deep understanding of the local market.

Hangzhou is no exception.

We have done a lot of home visits in the early days to understand the plagued and aspirations of Hangzhou residents for home life. We hope to solve these problems for the Hangzhou citizens in the future and bring more home inspiration.

"We are also very concerned about the development of e-commerce, and now we plan to try the operation of e-commerce in some areas in 2016," the person in charge of IKEA store in Hangzhou told reporters.

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According to multiple sources, British retail tycoon Philip Green has sold nearly BHS of its chain store chain.

According to sources, Philip Green has been working hard to contact private equity funds and retailers in recent weeks to work late for the sale of BHS.

It is reported that the Christo Wiese of South Africa's rich businessman has shown interest in BHS, and the US private Holdings Company Apollo Global Management and Hilco are also interested in acquiring BHS. Analysts said that the British chain supermarket group Asda Group Ltd. Asda had the possibility of merger and acquisition.

Like Topshop, Topman and Miss Selfridge, and other famous British high street brands, BHS is affiliated with Arcadia Group Ltd. group, a majority shareholder of Philip Green.

Philip Green bought BHS from Storehouse PLC in 2000 at 200 million pounds, but BHS has been losing money for a long time.

According to the data, its 2013 fiscal year pre tax loss of 69 million 900 thousand pounds, total income of 675 million 700 thousand pounds, a decrease of 3.5% over the same period.

The net loss in fiscal year 2014 expanded to 21 million pounds in the previous year's 19 million 200 thousand pounds. Philip Green, in the Arcadia Group Ltd. Holdings Taveta Investments Limited 2014 fiscal year report, pointed out that since the department store industry continued to be difficult, the business of BHS has always been a challenge.

The chain store now has about 180 stores and 12 thousand employees.

According to sources, last week, BHS general manager Richard Price had left the company, while Tania Foster-Brown, Philip Green's long term public relations director, also left office in the department store as Selfridges marketing director.

Founded in 1928, British Home Stores (BHS predecessor) is one of the most familiar department stores in Britain.

People familiar with the matter say that BHS not only has no debts, but also owns many properties, some of which are in prime locations such as Oxford Street Oxford street, which is the most valuable part of BHS.