Retail hundred-strong growth of 10-year new low electricity dealers into a big "rival"

Newspaper reporter Yu Rui

Chongqing Business reported just over the past three quarters, retail enterprises in advance ushered in a "cold winter." Of the listed companies that have released three-quarter earnings, more than half of the companies ' net profits are down, as sales growth slows. According to the Ministry of Commerce data, the first three quarters, retail sales of hundred companies average growth rate of only 8.4%, a 10-year low.

According to the same flush (300033, share bar) statistics, in the Wanguo department store retail Industry 38 have issued three quarterly reports of listed companies, 11 companies in the third quarter of business receipts fell from the same period last year, accounting for nearly 30%. Among them, net profit fell year-on-year 16, accounting for more than 40%.

In fact, the "cold wave" has spread to the entire retail store industry. A recent survey by the China Association of Chain operators shows that sales of retail chains have averaged less than 10% per cent growth. The Ministry of Commerce's monitoring data for key retail companies also showed that the average growth rate of these companies was just 8.4% per cent in the first three quarters, at a 10-year low.

The "cold wave" of retail department stores is closely related to the international and domestic economic situation. "Haitong Securities (600837, shares) Chongqing branch consultant Shu Yu said in an interview with the commercial news reporter. More analysts say electricity dealers are a direct "killer" of the slowing growth of retail stores. Public data show that the first half of the net purchase transaction size growth rate of nearly 50%, significantly faster than the overall retail sales of about 14.5% of the growth.

In addition to the continuous encroachment of the electrical business in the outside, the traditional retail industry also has a lot of hidden dangers, the first is because of the blind expansion in recent years, resulting in labor and leasing costs increased significantly, resulting in a cost crisis.

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The situation of Chongqing Retail department is better than the whole country

In the National Retail Department of the situation continued to slump, Chongqing is "a solo show."

Zhongqing statistics show that the first three quarters, Zhongqing total retail sales of consumer goods 288.9 billion yuan, an increase of 15.7%, higher than the national average of 1.6%. Take hundred as an example, its October 30 release 2012 Quarterly display, 1-9-month operating income of 21.147 billion yuan, an increase of 11.97%, the total profit of 644 million yuan, the year-on-year increase of 14.93%. The three-quarter operating income of 5.732 billion yuan, an increase of 7.82%, the total profit of 146 million yuan, the year-on-year increase of 16.42%.

Chongqing Retail Department of Good posture, on the one hand benefited from policy advantages. Most of the retail department is private enterprise, Chongqing vigorously develop civilian-run economy to bring many favorable news. Taking loans, for example, data from the city's financial office show that as of the end of September, 60% of new loans in Chongqing were directed to five sectors, including wholesale and retail businesses. On the other hand, regional advantage. Shu Yu said that compared to the coastal areas, department stores in the western region, the competition is relatively small, the population advantage and urbanization to promote retail department stores to bring a lot of development space.