Three Aspects Of Innovation And Pformation Of Retail Enterprises In China

According to the world clothing shoes and hat net, in July 3rd, the reporter was informed from the Ministry of commerce website that the head of the Circulation Development Department of the Ministry of Commerce introduced the relevant situation of China's retail industry in the first half of 2017.

Since the beginning of this year, China's economy has been improving steadily and residents' income has been growing steadily, and all localities have actively implemented the opinions of the general office of the State Council on promoting the pformation and pformation of physical retail.

Development has shown a good momentum, sales growth has been accelerated, business efficiency has been improved, and enterprises' innovation and pformation have been deepened.

The official pointed out that the development of China's retail industry in the first half of 2017 showed four characteristics:

First, the growth rate of industry sales increased. The sales volume of 2300 typical retail enterprises increased by 4.1% over the same period last year, and the growth rate increased by 3.3 percentage points over the same period last year.

Among them, the two quarter sales increased by 4.7% over the same period, and the annulus ratio accelerated by 1.2 percentage points.

The two is the enhancement of corporate profitability. The total operating profit and profit of retail businesses increased by 7.6% and 6.6% respectively over the same period last year, representing a 7.8 and 14.3 percentage point increase over the same period last year.

The main business revenue growth rate is 2.1 percentage points higher than the cost growth rate, 5.3% and 3.2% respectively.

The three is the general improvement of physical business. Sales of specialty stores, professional stores, supermarkets, large supermarkets and department stores increased by 8.8%, 5.7%, 3.6%, 3.4%, 1.2%, respectively, and the growth rate increased by 9, 5.1, 2.7, 2.6 and 1.1 percentage points respectively.

The growth rate of convenience stores slowed 0.9 percentage points year-on-year, but still reached 7.2%.

Retail enterprises actively formulate plans for opening stores, taking into account the pformation of old stores and vigorously implementing "entities".

"Integrated development mode".

Suning plans to open 1000 Direct stores and 100 cloud stores, and 73 new stores and 116 stores.

The director said that in the first half of 2017, China's retail enterprises' innovation and pformation mainly focused on three aspects:

Physical retail and network

Gradually develop from independence, confrontation to convergence and cooperation, complementary advantages and win-win development.

For example, Alibaba, Jingdong and so on merge and develop by joining the traditional retail business and the entity store under the construction line.

The two is multi format cross-border development into the mainstream. Retail enterprises around the diversified, personalized consumer demand in the form of multi format, multi domain polymerization, collaborative pformation direction.

Such as big business shares, Yonghui and so on, actively try to diversify into catering, entertainment and other life service formats on the retail basis, actively adapt to the needs of consumers, and improve the matching degree of business circles.

The three is that information technology drive dominates. Information technology, such as big data, Internet of things, face recognition, mobile payment and so on, is maturing, providing technical support for enterprise innovation and upgrading.

For example, new technology applications such as "free purchase" and high intelligent unmanned convenience stores, more and more companies are trying to use big data technology to portray users' consumption habits, and to achieve precise marketing with demand oriented.

The responsible person said that with the continuous development of the supply side structural reform and the gradual recovery of the global economy, the macroeconomic environment for the development of the retail industry will continue to improve steadily.

Under the guidance of new consumption demand, retail enterprises actively promote new technology and new mode exploration, develop diversified and full channel operation, further reduce costs, improve efficiency and excellent service, and continue to deepen innovation pformation.

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