Traditional Retail Is Struggling. Guangzhou Friendship Shop Stops.

Following the first 6 trading days continuous trading, on the 17 day in early trading, Guangzhou friendship renewed trading, the stock price was 18.18 yuan, or 9.98%.

With the momentum of the stock going all the way, a Guangzhou friendship Foshan store will be closed in December 26th this year.

Guangzhou friendship said that the Foshan store was not closed, but an internal adjustment. For the time of re opening, Guangzhou friendship has not yet been identified.

According to the insiders, after the acquisition of Yuexiu gold control, although the name is finance and department stores, the financial industry will continue to be depressed in the traditional retail industry, and finance will be the main business of Guangzhou friendship.

　　 Stop loss adjustment

According to people familiar with the matter, the closure of Guangzhou friendship Foshan shop is mainly due to a continuous loss for many years.

The notice received by Guangzhou friendship Foshan store supplier from Guangzhou friendship shows: "due to the impact of the macroeconomic environment in recent years, the suppression of high-end consumption and the overall improvement and improvement of the business environment around Foshan shops, the impact of various factors such as the overall improvement of the business environment in Foshan is lagging behind.

　　 Guangzhou friendship According to the results of the financial report, after the opening of the Foshan store in late 2011, the net profit for the year was a loss of 746 thousand and 400 yuan, a loss of 13 million 116 thousand yuan in 2012, a loss of 19 million 780 thousand yuan in 2013 and a loss of 10 million 719 thousand yuan in the first half of 2014.

Over the past few years, Guangzhou friendship has also made a series of efforts in the operation of Foshan stores. Guangzhou friendship said that it has made use of its brand resources and suppliers' resources to carry out business adjustment of Foshan stores, increase investment in promotion and promotion, and increase service innovation, but failed to achieve significant results.

Public information shows that Guangzhou friendship Foshan store opened in December 29, 2011 and has been open for less than three years. The store is located in the ancestral temple Business District of Foshan, with a total area of more than 30 thousand square meters. It is located in the senior department store of the city center, and is also the first senior department store stationed in Foshan's ancestral temple business circle. The Guangzhou friendship Foshan store has a lease period of 15 years and is still in the contract period.

In fact, not only the performance of Foshan stores is not satisfactory, but also the overall performance of Guangzhou friendship is declining. According to the financial report, in the first three quarters of this year, Guangzhou friendship achieved a business income of 2 billion 452 million yuan, down 15.77% compared with the same period last year, of which net profit was 172 million yuan, down 17.3% compared with the same period last year.

Up to now, there are 6 stores in Guangzhou friendship, of which 4 are in Guangzhou, 1 in Foshan, and 1 in Nanning.

　　 Retail General downturn

At present, the traditional retail trade in China is generally difficult to operate.

Throughout the first three quarters of the major retail listed companies, most of the revenue or net profit declined significantly compared with the previous year.

Guo Zengli, director of China shopping center industry information center, told the first Financial Daily reporter that at present, the performance of high-end department stores in China has been divided, while the growth of Beijing and Shanghai has slowed down, but overall growth is still growing, especially the loyalty of VIP members.

"The sale of shopping cards at least 30%." Informed sources told this newspaper that since the eight Central regulations, the high-end department stores that rely on the consumption support of shopping cards have been greatly affected.

Under the influence of multiple factors such as the impact of electric business and the rising pressure of its own operation, the development of the entire traditional retail industry has been very difficult in recent years.

"Three or four line cities are basically afraid to open new stores, the incubation period may be 2 times the previous one, and the competitive pressure of a second tier city is not great." Insiders told this newspaper that the downturn in the retail industry is not a problem of an enterprise, but a problem of the whole industry.