Martha Stores Encounter Sales Predicament

According to the consumer index research company Kantar Worldpanel data, as of August 3, 2014, the share of M&S Marsha clothing in the UK market dropped by 0.5%. In August, the agency released data that in the first half of July 6th, the market share of M&S Martha's Department dropped to 10.9% from 11.7% in the same period last year, which has been surpassed by the Asda Group Ltd. Asda's own clothing brand George, and has become the third largest clothing retailer in the UK. The latter's market share has increased slightly, reaching 11.1%, while the cheap clothing brand Primark is the largest clothing retailer in Britain by sales volume.

Analyst Jamie Merriman said the share of Marsha's department store M&S doubled in the first quarter of August 3rd.

Jamie Merriman says M&S Marsha's products are tedious, and prices continue to rise, thus losing consumers naturally.

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The general merchandise sector suffered a three consecutive 12 quarters of decline in sales. According to the no fashion Chinese network data, as of the first quarter of June 28, 2014, clothing sales in the first quarter of last year for the first time in the past three years were the same for the first time in the first quarter of the same year, and the online sales of huge investment dropped 8.1%.

M&S Marsha general will release its interim results in November 5th.

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Shanghai Textile Group has been making frequent moves in recent years, and the reform of state-owned assets has been accelerated.

At the beginning of September, the group announced the adjustment of the headquarters organizational structure, the implementation of the "large part system" and the "entity" operation of the Ministry of business. It divided the brand and fashion department, the trade and internationalization division, the technology and manufacturing department, the real estate development and operation Department, and the 28 direct management units of the group to the four departments, and further eliminated the new deal colors and improved the operational efficiency.

Group stakeholders have told the great wisdom news agency that the group's reform and development plan is based on the spirit of "the 20 state owned enterprise reform in Shanghai" to promote the overall listing, increase the proportion of asset securitization, and enhance the vitality and efficiency of enterprises.

As for which two of the two listed companies, 600626.SH and 600630.SH, will be listed as a whole, there is no specific consideration.

It is worth mentioning that Shenda shares will accelerate the layout of the automotive interior business in the new round of state owned enterprise reform and development, and make preparations for going abroad. Overseas investment, it will explore overseas mergers and acquisitions, break through the limitations of automotive textile interior, and extend to a wider range of automotive interior industry.

The fashion industry is the direction of group pformation. The group recently held an investment and Acquisition Strategy Conference.

Tong Jisheng, Secretary of the Party committee, said that at present, the group is sticking to the overall requirements of Shanghai state owned enterprise reform, adhering to the strategy of "technology and fashion", relying on Shanghai fashion week and many famous fashion landmark of the group and other high quality platforms to enhance the ability of International operation, making the group an integrator of the all fashion industry chain and becoming the carrier of Shanghai's international fashion capital.

The group recently reached strategic cooperation with the United States Fulton group to promote cooperation in many aspects, such as creative park, fashion industry and brand expansion.

The American Fulton group has rich experience in commercial real estate development and operation, which can help the fashion industry of Shanghai Textile Group to introduce the top of the world's resources.

Shanghai Textile Group has a large number of property reserves, will build landmark.

The group has also worked with Shanghai Tianyi investment group to cooperate in health dress product development, health care, health care theme exhibition and fashion health park construction.