The Crisis Alert In Department Stores Has Not Yet Been Lifted.

In a first half year tradition

In the inventory statistics of switch shops, 22 new stores were opened for department stores, with a new number of 1/5 for shopping centers.

There are almost no new department stores in the first tier cities. The key department stores are mainly located in the eastern and southern two or three cities of Shandong, Jiangsu, Sichuan, Chongqing and Guangdong.

What is even more serious is that the number of department stores has continued to increase, and the number of stores in the first half of this year is 25.

Statistics show that in the first half of this year, the retail sales of 50 department stores in Beijing decreased by 6.28% compared with the same period last year, and the department store industry continued to face the dilemma of declining sales and narrowing profits.

The retail market environment and consumption downturn have not changed significantly. The retail sales of 50 key large retail enterprises increased by 1.1% over the same period last year.

Judging from the expected performance, the department stores in the second half of the year will be hard to overturn.

Tianhong shopping malls expect that the consumer market will be relatively low, consumption will not be strong, and consumption growth will be short of new impetus.

Considering the market environment, strategic adjustment and operational needs, the company plans to close down inefficient stores, and the increase in labor costs will continue to affect the company's performance.

In the first three quarters of performance expectations, Tianhong shopping center net profit may fluctuate -40%-10%.

Wangfujing department stores also believe that

The downturn will continue for some time. In the second half of the year, the overall market environment and company operation will still face greater pressure, and the overall market will remain relatively stable under low level.

In order to achieve the business objectives set at the beginning of the year, Wangfujing department store will continue to strictly control gross margin control, cost expenditure and other business income in the second half of this year.

In the 11 districts of DQ's main business distribution, business income declined, and the regional growth rate was 0.3%-4.8% in the 8 regions.

New world department store profit fell 86%, mainly due to the closure of branches, property, plant and equipment impairment losses.

By contrast, Wangfujing department store experienced 22.65% growth, but it was not the increase in revenue brought about by pformation.

Wangfujing department stores said that a substantial increase in profit level was due to measures such as strengthening profit oriented, strictly controlling cost and expenditure, and on the other hand increased interest income and selling stock returns.

Although most department stores have been looking for growth through retail outlets optimization and expansion business sectors, in the short term, these pformation will not bring benefits.

In the convenience store and shopping center, the net profit of Tianhong mall dropped by 24.67%.

Tianhong Shopping Center said that the pition during the consumption downward period may bring short-term cost pressures.

Operating pressure is not small. From the basic situation of the main holding companies and participating companies, the loss companies have Changsha, Fuzhou, Fushun, Zhengzhou, Jiaozuo, Hohhot Wangfujing department stores, Luoyang, Leshan, Changsha shopping center projects are still in the preparatory period varying degrees of losses.

The group has focused its efforts on e-commerce and has not yet made profits. According to the results of the report, Beijing Wangfujing department store Beijing net Shang e-commerce Limited liability company lost 19 million 254 thousand and 600 yuan.

Chongqing department store has launched cross-border trade new business and cross-border financial field, but new areas still have problems in the early stage of operation.

From the equity income of financial enterprises held by Chongqing department store, the instant consumption finance company limited set up last year and Chongqing heavy hundred commercial factoring Co., Ltd. were distributed for profit and loss of 14 million 535 thousand and 500 yuan and 617 thousand and 700 yuan in the reporting period.

Due to concentrating their firepower on new fields, department stores began to abandon traditional department stores.

Tianhong Shopping Center said that the company further build a full channel platform, continue to promote the shopping center, Internet store, lifestyle theme editing pformation, and continue to control the number of loss stores.

During the reporting period, Tianhong mall opened 8 Tianhong micro convenience stores (7 in Shenzhen and 1 in Xiamen), ending 3 "Tianhong" brand stores (Huzhou Tianhong, Quanzhou Tianhong, Chengdu Chengdu red Pai Lou Rainbow).

Wangfujing department stores said that consumer and consumer behavior has changed rapidly, and the market environment of department stores has changed dramatically. It is difficult to get a good return on investment in the operation of independent department stores and large scale decoration and renovation projects under 40 thousand square meters.

In order to adapt to changes in the market environment, the company's development strategy has shifted to shopping centers and outlets, no longer developing stores of single department stores, and will make appropriate adjustments to the original department stores.