Group capital Kunming Customs headquarters Shengxing four stores closed – Shengx
Capital stumbled closed four stores, all stores closed down in Yunnan backyard fire
05 11 29, Shengxing Group, a second store in Beijing Institute of Road store officially shut down. Thus, in 2004 in Yunnan Province to Beijing high-profile retail Wang Shengxing group headquarters in Beijing, leaving only a Guangqumen shop. However, it seems Shengxing defeated Beijing area is not a simple case. Early in December, Kunming, Yunnan Shengxing Group headquarters building five Chinese suddenly closed, which means that once important Shengxing Group has deep quagmire.
Guangqumen shop almost no customers
In Beijing, the only remaining Guangqumen Shengxing shopping plaza has no past downtown scene. Appliance stores, the electronic product container has been empty. Although the basement is still arrayed electrical goods store, but no sales staff. The next Shengxing supermarket cashiers and attendants in addition to, the little customers. Cooked food area and cosmetics area has been empty. For when the closure, staff have the same tone and said: "We do not know." A property officer told reporters: "This shop has more than two months of this situation."
A group with close ties Shengxing insiders told reporters, "This (Guangqumen shop) is the last hope, if even there are closed, they really do not have a little hope." According to Shengxing Group, the original plan, Shengxing the next two years will be built in Beijing, 20 from 8000 to 50,000 square meters of shopping mall, the next two years into Shanghai, Guangzhou, Chengdu, Shenzhen and other regions.
"Shengxing in Yunnan is the gold standard"
News organizations through Kunming to interview a local supplier of food, surnamed Li, who runs a meat supplier. The supplier told reporters Shengxing in Yunnan is the marquee name, as long as the slightly-scale suppliers to do business in the same process Shengxing can make money. The Shengxing the more money can not estimate the size of the. As to why the point where today Shengxing come, not understanding the source said. "I have heard Shengxing to Beijing to do business, and transferred a lot of money. But we end with a speed and does not feel significantly slower. Who do not know what happened. Shengxing owe us money do not know yet There is no hope, every day we sent a clerk to see. "
It is reported that the national procurement director who Ren Shengxing Wang Jianjun confirmed Shengxing all stores in Yunnan have been closed down. Shengxing Group's Web site tries to prompt contact person interview Shengxing groups, but more than 20 stores, including headquarters and customer service phone no one can connect. Some phones even have prompted "do not have this phone number." Group Marketing Director Song Changdong Shengxing receiving Beijing's phone to the "meeting ground" refuses to be interviewed.
Too fast expansion of the size of funds suspected to cause chain scission
Shengxing
began in earnest in 1989, the Group has always been known as the South West business community, "Electric hegemony" and "supermarket black horse." Since 1998, total annual sales of electrical appliances sold in the industry survey (in Yee ranking) in the first five remained in the Southwest region sales, to keep the first row.
However, in addition to the field of home appliances and the two supermarkets, the Shengxing also supplies crafts business travel and tourism, real estate development industry. Shengxing group to Beijing in the early days, Beijing Song Changdong not shy about marketing director, said in Beijing into cash to support the tourism industry to do. Allegedly Shengxing Yun Bai Tourism Village South Heqing Xinhua Light year ticket sales have a billion dollars. "Coupled with the consumption of tourists in the village, the other industries we can provide sufficient cash to support." Songzhang Dong said.
Shengxing Group
But according to public information, Shengxing itself in the tourism industry in recent years made significant investments. Dali, Shengxing billion investment, the process to craft silver, bronze and famous town of Chinese folk arts and crafts development and construction of into AA grade scenic spot. Last year, the Group re-invested 300 million yuan Shengxing in the project.
Perhaps large-scale investment to Shengxing's cash flow problems.
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