Pacific SOGO Department Store Decided To Turn Off Lights After Being Expired By Shanghai Electric Store In Huaihailu Road.

Sogo Chung Hsiao hall decided to renew the contract and modified it in September.

Huang Qingwen, chairman of Pacific SOGO department, pointed out that China

Retail stores are saturated, plus

In the past two years, Beijing, Tianjin, Wuxi and other shops have been closed down. The Huaihailu Road store, which opened 20 years in Shanghai, has been pferred because of the business circle.

It is estimated that there are 9 stores on the mainland, which still have a flat turnover of 16 billion 500 million yuan this year, and a lot of losses have been reduced after turning off stores such as Beijing.

SOGO (Pacific SOGO) and its holding company Pacific circulation in June 16th held a meeting of shareholders. Although SOGO last year affected the operation of the Dunhua Pavilion, its turnover still remained unchanged from the year before. The cash dividend per share was 0.63 yuan. The annual revenue was 460-465 billion yuan and the annual increase target was 3%. Huang Qingwen said that there will be a new store plan in Taiwan this year. It is estimated that Q3 will be located in the north of Taichung, such as Xinbei city.

SOGO emphasized that last year was a year when department stores moved away.

According to the statistics of the Ministry of economic affairs, the annual revenue of the department stores in the past 104 years is about 318 billion 500 million yuan, and the annual growth rate is 4%.

Retail sales such as retail sales have grown by 5.9%, and supermarkets have increased by 6.8%. With the OUTLET competition in Taiwan, the new business model brought by the orbit business, e-commerce and super business's high density exhibition strategy is like three high walls, surrounded by department stores in the downtown area.

Last year, SOGO invested 250 million yuan of capital expenditure to pform the appearance and internal environment of the Dunhua Pavilion, and expanded its business area to 6 and 7 floors. The introduction of large-scale cafeteria, senior steak house, UCC fine coffee this year, breakfast queen Sarabeth's and so on are all queuing up famous stores, and the characteristics of SOGO are based on the concept of "Eastern Pearl treasure box". Up to now, the growth has been 28%.

In addition, the Taipei municipal government has previously proposed to raise the rents on the grounds of the excellent performance of the SOGO Renaissance hall. After three months' coordination, the two sides have decided to renew their contracts and rent increased by nearly 15%. SOGO stressed the "acceptable scope".

SOGO Revival (BR4) and the municipal government are about to expire at the end of June. Huang Qingwen stressed that this year BR4 has stepped forward to tenth years. In September, there will be a big retrofit and more emphasis on boutique department stores. She said that last year, all the SOGO shops in the whole country actively changed their brands to enhance their economic returns. This year, the "Golden Triangle strategy of SOGO loyalty and filial piety" was set up to rebuild Taipei Zhong Xiao business circle.

SOGO will celebrate 30th anniversary next year. Huang Qingwen said that in order to consolidate the bright colors of SOGO's original department store, more than 20 middle level cadres will be sent to Japan this year. In addition to communicating with the department store of Japan's West Wu group under SOGO, the most important thing is to provide Japanese sophisticated services from the pace of globalization and uphold the personality of Japanese department stores.