Remove Finance Remove Net Profit Remove Store Layout
article thumbnail

What’s driving the transformation of China’s department stores?

Inside Retail

Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. More than 70 per cent of surveyed department-store operators experienced year-on-year sales and net profit declines last year, including Xujiahui Shopping Mall and Inzone Group.