Modern Department Stores "Stop Bleeding" And "Heal" Nearly Half Of Beijing Road Store Rents.

"P", deputy general Luo Jian Ji of modern department stores, said that at present, there are three ways of operation, namely, joint operation, self employment and external renting. A total of about 20 thousand square meters of its stores are leased to other formats. The purpose is to provide a variety of formats, such as catering, entertainment and shopping, to create experiential shopping.

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Below P, the performance of modern stores is very different.

But the newly opened Beijing Road store and Xicheng store in 2013 were struggling in the market incubation period.

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< p > according to the 2013 annual report of the company, the expenditure of new stores, such as preparatory expenses, rental and property management fees, labor costs and so on, has increased, resulting in a decrease of 51.52% in monetary funds, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > sales cost < /a > growth of 67.88%, financial expenses increased by 108.09%, and the company's operating income in 2013 amounted to 1 billion 69 million yuan, although the increase was 8.54%, but the net profit attributable to the owners of the parent company was 29 million 291 thousand and 700 yuan, a decrease of 51 million 901 thousand yuan over the same period last year.

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< p > to cultivate more formats for outside rent, Luo Jianji thought it might be an opportunity.

According to the introduction, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > modern < /a > Beijing Road outlets stores about 20 thousand square meters of business area, has nearly half of the rent, the modern light outlets located in Guangming square currently only accounts for more than 30% of the catering, to attract young groups.

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< p > "after the external rent, we eliminated some a href=" http:// www.sjfzxm.com/news/index_c.asp "> < /a > bad format. We not only had rents, but also increased our profits." Luo Jianji disclosed that the external rental started from the West Lake Road store, and the total modern department stores had about 20 thousand square meters of rent.

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P, on the other hand, modern stores are also "stopping bleeding" for loss shops.

On the 15 day of last month, the modern department store announced that the West City store was closed.

Shortly afterwards, the adjustment was confirmed to be closed.

Morden abandoned the 20 thousand square meter operating area of Xicheng and was no longer willing to bear losses for the store during the incubation period.

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< p > progress: at present, there are three ways of operation: joint operation, self employment and external rent. A total of about 20 thousand square meters of stores are leased to other formats. The purpose is to provide a variety of formats, such as catering, entertainment and shopping, to create experiential shopping.

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