Guangzhou Friendship Promotes A New Combination Of Department Stores And Shopping Centers

Guangzhou friendship, the high-end department store brand, announced its annual performance in March 16th. The company achieved net profit of 263 million yuan attributable to shareholders, down 14.96% compared to the same period last year, the middle and high-end consumer market was depressed, the closing of Guangzhou friendship Foshan store and the reduction area of Guangzhou friendship shop, leading to a 18.94% decline in the main business revenue of the company.

Guangzhou friendship said that this year it will continue to optimize its store structure and promote the new retail business combination of "high-end department store + shopping center +X", and explore retail formats such as shopping centers, experiential chain life supermarkets and special convenience stores.

According to the report, Guangzhou friendship recorded a total operating income of 3 billion 363 million yuan in 2014, down 17.83% from the same period last year, and the main business income was 3 billion 102 million yuan, down 18.94% compared with the same period last year. Due to the decline in sales of goods, the net cash flow generated by the company's business activities decreased by 82.22%, which only recorded 226 million yuan, which eventually led to a 14.96% decrease in the net profit attributable to shareholders, which only recorded 263 million yuan.

The company said that due to the continued downward pressure on domestic economy, the continued pressure on medium and high-end consumption, and the increasing competition of new outlets, new formats and new channels, the performance declined significantly. In addition, the reasons for closing the stores and halving the area were particularly affecting the main business revenue.

Last December 26th, the Guangzhou friendship Foshan store was closed. It has been in operation for three years and is located in the ICC international business center of the ancestral temple business circle.

The store explained that under the influence of the macro economic environment, high-end consumption was suppressed, and the overall business environment of the surrounding business circle was significantly lagged behind.

In October 9th last year, the Guangzhou friendship shop was closed, and it was reopened in November 6th. The store area after the reopening was shrunk by half, but it is still the largest main department store in the Plaza.

Guangzhou friendship said that the new storefront selected the best brand in the original store and the most popular brand combination of friendship customers, which is close to the two main entrances and exits of the good Plaza aquarium, and has a better interaction of passenger flow.

In addition, Guangzhou friendship ring east store last year combined with the upgrading and upgrading of hardware facilities, optimized and adjusted the layout and brand structure of department stores, cosmetics, clothing, supermarkets and other categories, with a view to enhancing its influence.

For the 2015 work plan,

It will continue to optimize the store structure, adhere to the differentiated management features of stores, take the market segmentation route, and vigorously develop unique brands, light luxury brands and excellent national brands.

Second, speed up the innovation of retail formats, and push forward "high-end department stores".

+X's new retail business portfolio has been continuously optimizing and upgrading the existing high-end department stores, while actively exploring retail formats such as shopping centers, experiential chain life supermarkets, specialty convenience stores, and so on.

Last December 8th, Guangzhou friendship launched a $10 billion acquisition of non-public offering.

Yuexiu gold control has 5 subsidiaries of Guangzhou securities, Yuexiu leasing, Yuexiu industry fund, Guangzhou guarantee and Yuexiu small loan.

Guangzhou friendship said that this year will accelerate the pformation and upgrading of "double Department + finance" double main business.

First of all, we plan to reform and reorganize the successful implementation of the project, including the overall packaging of department stores and the establishment of subsidiaries. We will speed up the pformation of the overall organizational structure, corporate governance, business synergy and management and control mode of the investment holding group, which is "dual department and finance".

Secondly, after the successful implementation of the project, the development of the "financial" sector, including the Yuexiu capital control's formal landing on the capital market, takes advantage of the capital platform of the listed companies, as well as the synergy advantage in securities, financial leasing, guarantee, small loan, production and investment, so as to promote the integration and integration of industry and finance, serve the pformation and upgrading of the real economy, and achieve leapfrog development.