Yintai Business Opens Shop With A Net Profit Of 30%

Yintai business, the first to embark on the Internet pformation, submitted its pcript yesterday. As at the end of December 2014, the total sales income was 15 billion 814 million yuan, a slight increase of 0.8%. Net profit was 1 billion 121 million yuan, a decrease of 29.7% over the same period last year.

Same store sales decreased by 3.3% over the same period last year.

Last year, Yintai business opened a new 9 door store, but the new store in the cultivation period had a great "damage" to its performance.

Last year,

Expanding in the mainland of China, 5 homes were opened in Zhejiang respectively.

There are 3 shopping centers with 1 Department stores, Anhui, Guangxi and Hubei.

During the reporting period, Yintai business manages and manages 29 department stores and 15 shopping centers, with a total construction area of about 2 million 600 thousand square meters.

Some analysts believe that the total number of new businesses opened in Yintai is a year of great expansion, but many new stores have dragged down the performance of Yintai business.

A decrease of 29.7% over the same period last year.

Yintai said that this year it will continue to adhere to the strategy of regional leading position and open large department stores and shopping centers.

At the same time, it will continue to develop online platforms to achieve online and offline interactive sales.

Related links:

Wang Fuqi, general manager of Beijing Shijia Weiye Food Co., Ltd. (hereinafter referred to as "Shijia Weiye"), told reporters that from 2006 to date, WAL-MART's arrears of about 4000000 yuan account still had no result.

During this period, he repeatedly went to WAL-MART stores and Beijing District purchasing department to ask for reconciliation payments.

"Every month's sales volume will be displayed in the departments of POS, store, finance, WAL-MART data center, etc., but WAL-MART never provides the original sales data of POS sales to suppliers.

100 pieces of goods were sold this month, but WAL-MART only had 50 bills.

After repeated requests for reconciliation and repayment, WAL-MART has always been in arrears with the principle of "re checking accounts".

For the defaulted accounts and the discrepancy between the data, WAL-MART said that the problems reflected by the suppliers, such as WAL-MART's finance department and other related parties, had been actively followed up. However, WAL-MART's data providers did not recognize them. Suppliers did not actively cooperate with WAL-MART when they requested corresponding data materials.

The two sides insist on each other, while suppliers are concerned about providing materials.

Tao Wanghua, general manager of Beijing Wang Wang Wang Trading Co., Ltd. (hereinafter referred to as "Wang Wang Wang") said that at the end of last year, WAL-MART had been exposed to default on suppliers' payment.

At that time, WAL-MART had called to check accounts, but in less than two months later, WAL-MART had changed its accounting system to three.

"Third accounting requirements send all the original bills back to WAL-MART.

But all bills WAL-MART has a clear data record, if the original is sent back, WAL-MART goes back and forth, does not acknowledge, the company no evidence.

Wang Fuqi believes that there are problems in WAL-MART's business model.

"When the contract was signed, the way of cooperation between the two sides was direct battalion, but the real operation changed."

In Wang Fuqi's view, the supermarket will directly cooperate with the supermarket. After receiving the goods, the supermarket will provide the acceptance list to check and accept the bill. But the way WAL-MART adopts is to sell the goods first, and then settle accounts according to the actual sales data provided by WAL-MART.

Jin Wei, deputy director of the Beijing Business Federation zero supply regulation committee, said that supermarkets were self marketing, and supermarkets were self provided.

"In general, supermarkets often use joint operations for goods that are difficult to preserve and manage, such as fresh and cooked food, but more self-employed means are used for ordinary goods."

For nearly ten years of arrears, Wang Fuqi was in a dilemma.

"In the past, there were only more than 200 employees left in the family business. There are only a few dozen people left. Once the cooperation with WAL-MART is stopped, the accounts for more than two years will become a dead debt. If it is necessary, it will still be supplied."

Yao Wenhua, President of the Beijing supermarket suppliers association, said, "WAL-MART's arrears of suppliers' accounts happen frequently. I have reflected dozens of times to WAL-MART for this matter. There are many complaints about the forwarded crisis documents, and the three incidents of suppliers' collage to WAL-MART debt collectors have been stopped.

But WAL-MART has not yet given a clear response to the matter.

According to him, in the past two years, there were dozens of complaints against WAL-MART fraud, and five or six suppliers sent documents in person to show that WAL-MART had not paid up to $1 million.

In the view of the above suppliers, WAL-MART's sales and profits are pretty good behind the data. It seems to hurt the interests of suppliers.

Zero supply relationship has always been a sensitive topic in retail enterprises such as supermarkets. For a long time, many large retailers are trying to reform.

Some enterprises have already set an example in retail relations.

As early as 2013, Wuming took the form of bidding to directly connect with manufacturers and replace some small and medium-sized distributors.

Wuming said that tendering is to eliminate suppliers' weaknesses and reduce intermediate links.

At the same time, wumi will also set up a green channel for suppliers who have eliminated suppliers in inventory handling and account payment.

For these eliminated suppliers, wumi said it would take the initiative to carry out the clean-up in inventory clearing and payment.

"According to the contract, the clearing area should be set up in the store.

At the same time, a green channel will be set up to settle the bill quickly, and the time taken by the supplier to get the payment will be shortened from 3 months to 1 months.