Retail Consumption Is Depressed And Performance Is Under Pressure.

Statistics show that as of June 30, 2014, the main retail enterprises (excluding household appliances and electrical appliances) in the first half of the year closed a total of 158 stores in the country, far exceeding the total number of 35 stores in 2013, of which 12 were department stores and 146 were closed. In the Guangdong area, there were two department stores closed in the first half of the year, namely, New Zealand Department Store Nanhai store and modern department store Xintang store.

In the second half of the year, Retail Closing shop tides are still continuing. Last week, the modern department store (430689) issued a formal announcement that the provisional shareholders' meeting adopted the resolution to close the stores in Xicheng. Prior to that, because the business situation is not as good as expected, the modern department store West City stores announced the suspension of business. At that time, it was revealed that there was a possibility of readjustment, but the announcement showed that the proposal was unanimously opposed by the shareholders' meeting.

In April of this year, Modern department store Just landed on the new three boards, hoping to help capital market The strength was further expanded, but in less than half a year, it continued to suffer setbacks. The announcement also revealed that the closure of Xicheng will have a significant impact on the company's performance. According to the new three board system information, the modern department store will announce the first public earnings report after landing the new third board in August 26th, when the actual impact of the store will be exposed.

And after the withdrawal of the nine business circles, the modern department store in Guangzhou's old city area another core business circle Beijing Road store or will receive the "key care". Yesterday, the head of modern department stores revealed that the modern Beijing Road store has adjusted the strategic direction of "joint venture + leasing + self operation" since last year, and has shown a double effect in sales. It will continue to benefit from the upgrading of Beijing Road business circle in the future.

Recently, some commercial retail stocks have announced semi annual results, but the situation is not optimistic. The semi annual report of Hefei department store released yesterday showed that the net profit attributable to the parent company was 226 million 226 thousand and 400 yuan in the first half, a decrease of 6.8% compared with the same period last year. The first half of, the net profit attributable to parent company was 280 million yuan, an increase of 13% over the same period last year, showing a slightly better performance than the industry level. The first half of the friend's share was not attributable to the parent company's net profit of 266 million yuan, down 10.28% from the same period last year. Among them, high-end department store business realized revenue of 291 million yuan, down 3.78% compared to the same period last year.