Avoiding real estate risk three-degree deferred investment project

Following last August and this January, the American costume (002269,　　Closing price of 18.85 Yuan) the third time announced the extension of the company's investment project construction period, of which 1.6 billion yuan of the investment Project Marketing Network construction from June 30 this year to December 31, and 200 million of the information System improvement project will be extended from September 16 to next year March 31. U.S. Apparel June 29 said that because of the country's real estate industry since the introduction of a series of regulatory policies, leading to the current commercial real estate market affected by the policy is not clear. In order to avoid the price fluctuation risk of commercial shops, the company decided to extend the project construction time from June 30 this year to December 31; At the same time, considering that the information System improvement project contains more subprojects, the number of upstream suppliers and downstream franchisees increased, and increased the amount of promotional work,　　The completion time of the information System improvement project is postponed from September 16 this year to March 31 next year. From the announcement, this is the third time the United States postponed the investment project.　　As early as August 26, 2009, the company in accordance with the economic situation and the real estate market environment changes, the Marketing network construction project plan to complete the day from September 16 to the same year December 31; this year January 5, the company also extended the completion date of the project implementation to June 30. A brokerage researcher to the "Daily economic news", in the current real estate market regulation and high rents, and other factors, the market actually does not want the United States to open a large shop, this from last year, the United States to give up the auction of the Hongqiao plot after the rally is evident. In terms of past performance, the key problem for companies is that they spend too much money, and performance does not match costs. The company is expected to take "plan merge all" and other ways to reduce costs, will be a number of larger shops sublet out.