Traditional Department Stores Appear To Be Sluggish In Their Sales.

< p > in the first quarter of this year, the number of major retail enterprises in the country, < a href= "http:// www.91se91.com/news/index_c.asp" > retail sales < /a > growth rate reached the lowest level in the same period in 8 years. Among them, as a major branch of the retail industry, the days of traditional department stores are even more difficult. < /p >
< p > according to Shanghai business information data, sales of 40 large and medium-sized department stores in Shanghai in the first quarter decreased by 9.6% compared with the same period last year. At the same time, in the listed companies, Hangzhou's 100% revenue fell by 20.56%, while the net profit of Nanning department stores fell 88.19%. < /p >
Under the pressure of declining profits and fierce competition in the market, many traditional department stores are quietly changing their faces to seek their own transformation and development. < p > < /p >
< p > according to the analysis report of the Bank of China, < a href= "http:// www.91se91.com/news/index_c.asp" > general merchandise industry < /a > generally declined. This is due to the decline of overall business prosperity in recent years. < /p >
< p > on the one hand, the craziness of the electric business has brought a nightmare to the department store industry, which not only greatly weakened the advantages of the traditional department stores and the category, but also succeeded in shunting the existing consumer groups of the department stores with low cost advantage, and even led some department stores to become the fitting rooms under the electricity line. < /p >
< p > on the other hand, the department stores are unable to resist the rising annual operating costs, such as hydropower, rent, labor costs and so on. At the same time, due to the pressure of market competition, < a href= "http:// www.91se91.com/news/index_c.asp" > discount sales promotion < /a > makes the gross profit margin of the merchandise lower and lower, and the industry average gross margin level is less than 15%. < /p >
< p > in addition, the high price of department stores leads to low cost performance. Various factors make traditional department stores face difficult predicament such as declining sales and declining profits. < /p >
< p > related links: < /p >
< p > Zhang Jian cup 2014 China international home textile product design competition was held at Nantong Vocational College Gymnasium. More than 10 experts from home and abroad will be selected for two days (photo above, photo by Jiang Jianhua). More than 300 sets of entries will compete for 50 prizes. < /p >
< p > this is the highest and largest scale home textile competition in China. It is also one of the most influential competitions in the home textile industry worldwide. The theme of this year's competition is "beauty." < /p >
< p > since April this year, the organizing committee has received more than 300 pieces of entries from more than 100 enterprises and individuals at home and abroad. Among them, more than 60 enterprises (individuals) have more than 100 entries in the city, and more than 80 overseas works. < /p >