Department Stores In The First Three Quarters Of Business Gloomy Mode Change Calls Again

The dismal operation of department stores in the first three quarters made the voice of mode change again. Beijing Business Daily reporter comparison includes Wangfujing, Tianhong, Cui Wei shares, Beijing urban and rural areas In the first three quarters of the five largest listed companies, the results showed that the decline in operating income became the norm, and some enterprises' net profit plunged by nearly 40%. Correspondingly, the retail industry is also accelerating the winter. At the same time, the voice of the retail industry weakening the joint venture's return to self employment is one after another in the industry.

In the 1-9 month of this year, except for the achievement of 12 billion 33 million yuan and 6.42% year-on-year growth, the other four major stores suffered heavy losses in the three quarter. Beijing's urban and rural operating income was 1 billion 590 million yuan, a drop of 11.64%, a decrease of 9.09% in Cui Wei, and a decrease of 6.77% and 2% respectively in Wangfujing and the first business shares.

At the same time, the net profit from the first three quarters attributable to shareholders of listed companies was 175 million yuan, down 39.67%; even the Department Store bigwigs Wangfujing also saw a 15.08% slide; the data of Cui Wei shares fell 34.95% to 66 million 130 thousand yuan.

　　 Traditional department stores In addition to the overall market environment, the high price of commodities has become an important factor hindering consumers' purchase intention. The Beijing Commercial Daily reporter interviewed Ms. Wang, a sweater named "en", whose price was 2890 yuan, and the price of Tmall was 1445 yuan. In the sixth quarter of today's "double 11", Tmall, Jingdong, Suning, Gome and other major e-commerce providers have launched online price wars, which have an impact on the offline department store industry.

From last year Beijing San Li Guan, an old department store, has closed shop this year to Parkson and halls. It also worries the industry about the future of traditional department stores. In May, Beijing Hua Tang closed the Wangjing store; in September, Beiyuan shop closed shop. Beijing Business Daily reporter learned that, next year, the halls Xizhimen shop will also be closed, which means that the Beijing hall will shrink to 5 stores and 1 food restaurants.

Wan Wenying, deputy director of the Beijing business association and Deputy Secretary General of the business association of Beijing, said that the department store had lost its original ability to buy stores and played only the role of "two landlords". In order to change the dilemma, traditional department stores need to return to their essence. The mode of joint operation should be weakened or terminated as soon as possible.

Data from the North Business Research Institute show that in the relatively developed U.S. and Japan, the main business mode of department stores is the buyer system, which makes the pre tax profits of the shopping center mostly exceed 35%, and the lowest is around 25%.