Investors In Messi Store Nuggets Don'T Buy It.

The continued decline of the dollar strengthened the price of clothes to consumers. The latest report showed that Messi's department store's profit dropped sharply, and announced that it was stationed in Tmall. The foreign media disclosed that it had tried the water market in China to "get nothing".

Recently, the US retail giant Messi department store released the latest financial results. As of the second quarter of August 1st, Messi's department store realized a profit of 6 billion 100 million dollars, down 2.6% from the same period last year, and its profit fell 25.7%.

It is worth noting that in the earnings report, Messi general store disclosed the intention to enter the Chinese market -- entering Tmall international, and achieving long-term strategic cooperation with Alibaba [micro-blog] will be the core layout of its China strategy.

In fact, as early as 2012, Messi store had entered the Chinese market curve, but did not harvest "money scene".

"The dollar has been strong in recent years, which affects international tourists in the United States.

"

Messi, chief executive of the department store, said Terry was disappointed with the company's second quarter results, but expects Messi's Department's performance in the second half of the year to improve.

According to reports, Messi's Department's revenue from international tourists in the first quarter of this year dropped by two digits.

For foreign tourists who need to change their dollars, a strong dollar makes handbags, clothes and many other items more expensive than before.

The The Associated Press reported that, although Messi's department store has become a "prominent player" in the economic recovery, the company has declined over the past year.

According to Ken Perkins, chairman of Retail Metrics, chairman of retail research company, this is Messi's two quarter earnings performance which is not as good as that of Wall Street analysts.

In the past five quarters, three times failed to meet expectations.

Messi is also the first major retailer to disclose its quarterly earnings this year, and its performance has also increased concerns about consumer shopping performance.

Reported that, and other

Like that, Messi's department store is also facing a long-term challenge.

First of all, middle class consumers can't spend more in stores even if the economy improves.

They are increasingly looking to the electricity supplier.

And their money is elsewhere.

Karen Hogg, chief financial officer of Messi's department store, said: "the overall economic growth is moderate, but we have seen customers turning to hotels, entertainment services, health care and electronic consumption rather than traditional department stores."

The classification of goods on Tmall international will be the sub category of products sold by Messi's official website.

But it is not yet decided which products will be sold and the price has not yet been determined.