Intime Department Store Again Sounded The Horn For Guangzhou.

Its own department store brand of China Yintai Investment Co., Ltd.

Recently, journalists in the industry learned from the sources, Zhejiang retail leader.

Guangzhou has always been the target market of intime department store, but because of its strong local "head snake", it has never entered the door.

Now, with the opportunity of Guangzhou's commercial project, the intime Department has once again sounded the horn of the curve March.

We want to take the road of cooperation and self building.

"Basically, all the business circles in Guangzhou have been inspected."

Daniel Chan, President and CEO of intime department, expressed his interest in the Guangzhou market to the media a few years ago.

But so many years have passed, and no progress has been made so far.

Huang Wenjie, chairman of Guangzhou Chu Rui business consulting company, told reporters that Guangzhou has always been a curse for foreign department stores, but they have no choice but to open up their stores and Waterloo.

It is understood that whenever there is a good commercial property on the market, we can see the competition between foreign department stores and local department stores.

At the end of last year, the Pearl River new town high Tak land spring shopping center was one of them, including Yintai department store, Thailand central department store, Japan's Yi Dan, Taiwan Xinguang department store and other mainstream department stores at home and abroad had discussed the matter in real time, but in the end they still spent a hundred shares.

"To enter Guangzhou, there are only two ways in front of the external department stores: starting from the fringe business circle, the urban and rural joints, or building the property on their own."

Huang Wenjie said that Wanda Plaza and Tai Koo Hui are the best examples.

A source told the new express reporter that intime department store also intends to take the road of cooperation and self construction, "one place out, one for money."

The five apron project, which was discussed in the first stage, has invested a lot of money to pform. After promotion, the investment promotion is not bad. But the opening date has been delayed for a long time, causing developers to reinvest second times. The confidence in building commercial property in the old Baiyun airport runway block is greatly reduced.

Fill in the blank of commercial layout

If we can take this step, the efforts of intime department store have been rewarded for many years, and the strategic layout of its national chain layout will also be achieved.

It is understood that in October last year, intime department store has a 50% stake in Beijing Yansha Friendship Shopping Center through capital operation. The acquisition is intended to expand the territory of the northern market and improve the layout of the country.

Up to now, the company has achieved three spots in North China, central China and East China, but only the Southern China market remains blank.

According to the source, once it landed in Guangzhou, Yintai department store, which has long been dancing in the capital operation, believes that it is possible to set up a tide of mergers and acquisitions in Southern China to gain a firm foothold.

In November 16, 1998, the first store of Yintai department store was officially opened in Hangzhou Wulin store.

According to public reports, since 2000, Shen Guojun, the founder of the group, has achieved capital accumulation through a series of capital operations, including the acquisition of Ningbo Hualian, the introduction of overseas funds, and Yintai department store listing in Hongkong. It has led to the emergence of the three carriages driven by department stores, real estate and finance.

The company plans to develop fifty or sixty stores in the next 5 years and become an influential department store chain throughout the country.