Martha Responded To Strategic Adjustment And Closing Issues

M&S for reporting

Strategic adjustment, and closing all 10 stores in the mainland market, M&S Marsha, on Wednesday, responded to concerns about the market schedule, electricity providers, layoffs and other issues.

M&S Marsha said in response to the interview that while the group continued to evaluate the best way to maintain the mainland's online business, mainland customers could continue to buy Martha through Tmall and Jingdong's two main online platforms.

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At present, M&S Marsha general operates four online stores in China through Tmall and Jingdong, respectively.

Online shopping mall, Tmall children's wear shop, imported food Tmall store, Jingdong import wine flagship store.

Previous sources also revealed that M&S Marsha will continue to operate online stores in mainland China.

As for how the M&S Marsha general store continues to operate its online business in mainland China after the completion of the operation of the store, Tang Xiaotang, founder of NoAgency, an industry research and consulting firm, said that it would refer to many retail giants in China who had no entity business in China, including the Target Corp. (NYSE:TGT) Taghit, Macy sInc. (NYSE:M) Messi department store group, which is the online business through Tmall international.

However, Tang Xiaotang said that in view of the difference between the JD.COMInc. (NASDAQ:JD) Jingdong and the Alibaba Group Holding Ltd. (NYSE:BABA) Alibaba operation mode, M&S Martha could even consider different ways to operate on the above two platforms, and Tmall could turn Tmall international, and Jingdong chose to consider even franchise cooperation.

M&S Marsha general store imported food Tmall stores in China, Tmall children's wear shop online business for Tmall international operations, and the other two for domestic warehouse freight.

As for the closing schedule of 10 stores in China, M&S Marsha general said in response to an interview with no fashion Chinese Web site, "it will take several months," without revealing the exact time and order.

The company also said that it is consulting with all employees who may be affected, and hopes that both sides can reach a consensus on the termination of the employment contract.

Mainland China intends to close 10 M&S Marsha general merchandise stores in Baoshan, Shanghai, Wanda Plaza, Shanghai Jinzhong square, Suzhou Guanqian Street, Qingdao Licang Wanda Plaza, Shanghai Nanjing West Road, Shanghai Shanghai Zhongsheng, Han Han street, Yi Wan Wanda, moon star global port and world trade scale.

According to M&S Marsha general store, the company has 441 employees in mainland China, including 271 full-time employees and 170 part-time employees.

For mainland China's exit strategy, AdamColton, managing director of M&S, Martha's Greater China, said the group's continued losses in the Chinese mainland prompted the group to continue to maintain its local businesses. "We know that these plans will have an impact on local staff, so we will keep in touch with them and listen carefully to their views throughout the process," he said.

However, Adam Colton also said that the group's business in Hongkong is good and profitable.

M&S Marsha general store currently has 26 shops in Hongkong and Macao. Because Hongkong is more internationalized and used to be a British colony, the brand has more customer base in Hongkong.