Tianhong Push "Electric Store" Closed 3 Stores Revenue Growth Of 8.63%

By the impact of the electricity supplier, the traditional retail performance has gone down without exception. The Tianhong shopping mall, which has 64 stores in the whole country, has a more profound feeling. "There is no way out for the existing mode of traditional department stores," said Gao Shulin, managing director of Tianhong shopping malls, Limited by Share Ltd.

Since 2013, Tianhong has taken the lead in the industry.

"The retail revolution, from the online and offline layout of the whole channel.

However, huge investment still can not get rid of the dilemma of "increasing profits without increasing profits".

The semi annual report of Tianhong mall in 2015 showed that the company achieved 8 billion 890 million yuan in revenue in the first half, an increase of 8.63% over the same period last year, and a net profit of 210 million yuan, down 24.76% from the same period last year.

"No one can predict when it will be effective, but positive pformation is better than waiting for death."

In the first half of the year, the whole country

Ushered in a wave of "closing shop tides".

According to the statistics of UNC, in the first half of 2015, the main retail enterprises closed 120 stores in the domestic market, of which 25 were department stores, and poor performance and strategic structural adjustment were the main reasons for the closure.

The 2015 semi annual report showed that the company closed down during the reporting period.

The number of department stores in three stores in Fujian and Sichuan was reduced to 64.

Under the net reduction of department stores, the company's revenue grew by 8.63%, mainly from the same store growth and the contribution of new stores in 2014.

According to Wind information statistics, 15 of the 30 general merchandise retail companies listed in the three quarterly or three quarterly bulletin had fallen in the first three quarters of this year, accounting for 50%.

In the half year report of 2015, Tianhong mall also showed that in the first half of the year, the company achieved a revenue of 8 billion 890 million yuan, an increase of 8.63% over the same period last year, and a net profit of 210 million yuan, down 24.76% from the same period last year.

However, compared with the weak traditional department stores, the performance of the major electricity suppliers is strong.

In August this year, Ali released the latest financial results up to June 30, 2015, showing that Ali had a total revenue of 20 billion 245 million yuan in the first six months, of which 15 billion 712 million yuan came from China's retail platform.

Jingdong's second quarter results show that Jingdong's total paction volume in the second quarter reached 114 billion 500 million yuan, up 82% from the same period last year.