The Impact Of The Electricity Supplier Is Too Strong To Be Laid Off.

Everyone said that the impact of the electricity supplier on the impact of the electricity supplier, then there is indeed a department store brand really unfortunately "electric shock" had to lay off.

Although it was a bad year, Messi department stores said it could cut the cost of $400 million a year.

Announced plans to close some stores.

Details include the reduction of about 3000 shop assistants and the provision of resource leaving opportunities to some 165 executives. At the same time, the company will also reduce 600 employees who form posts, and will integrate the customer service center to reduce 750 jobs.

The reason for Messi's department store to do this is because it has been announced before.

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The third quarter earnings report released by Messi stores in November 2015 showed that the company achieved sales of $5 billion 874 million, down 5.2% from the same period last year.

Same store net profit fell 45.6% to 118 million US dollars, these indicators are lower than market expectations.

The lack of deep exploration of discount retailer and electricity supplier has become an important reason for restricting performance improvement.

Therefore, in addition to reducing costs in terms of layoffs, retailers headed by Messi store should do more to explore effective ways to fight against e-commerce channels and re explore the new needs of consumer experience.

It is interesting that in August 2015, Messi department store announced the opening of flagship store in Tmall international, becoming the first US Department Store stationed in Tmall international, and expects to sell US $5000 in China in 2016.