2. The products focus on the core needs of customers and provide consumers with high-quality products through an independent product testing system.
In the current food safety crisis, GMOs and additives are everywhere, and luxembourg whatsapp number data 5 millionhate them and avoid them as much as possible. The strict food testing system of foreign-funded member supermarkets and Pangdonglai can strictly screen high-quality and more reliable products to provide to consumers. The most important thing is integrity.
Situation 2: Department stores and shopping malls are declining, while outlet sales are rising
In 2024, department stores and outlets showed completely different sales trends.
According to data from the National Bureau of Statistics, in the first half of 2024, the retail sales of department stores above the designated size decreased by 3% year-on-year, the total revenue of listed department stores fell by about 3.95% year-on-year, and the total net profit plummeted by about 33.57% year-on-year, indicating that department stores are facing great operating pressure.
In contrast, outlet sales are rising steadily. Statistics from the Outlet Branch of the China General Chamber of Commerce on 60 to 80 key outlet projects across the country show that in the first quarter of 2024, outlet sales increased by 7.8% year-on-year, and customer traffic increased by 14.1% year-on-year; in the second quarter, sales increased by 4.8% year-on-year, and customer traffic increased by 10.9% year-on-year; in the third quarter, sales increased by an average of 3.7% year-on-year, and customer traffic increased by an average of 5.9% year-on-year.
These data show that in the current consumption environment, consumers are increasingly inclined to choose outlets with better value for money and richer shopping experiences, while department stores are facing greater market challenges.
Sales of traditional department stores and shopping malls will show a downward trend in the second half of 2024. The main reasons are:
