Parkson Group turned from profit to loss in the first three quarters, with a loss of 29.3 million yuan

In the third quarter of 2024 , Parkson Group’s total operating income was 835.5 million yuan, a year-on-year decrease of 16.5%; the loss was 106 million yuan; the operating profit was 89.6 million yuan; and same-store sales decreas by 23.1%.

In the first three quarters

Parkson Group’s total operating income vp security mailing lead was 2.7802 billion yuan, down 13.6% year-on-year; it suffer a loss of 29.3 million yuan, compar with a profit of 67.3 million yuan in the same period last year ; its operating profit was 283.4 million yuan, down 27.3% year-on-year; and same-store sales fell 16.1%.

In terms of store operations, Parkson Group operates a total of 43 Parkson stores in China and Laos, including department stores, shopping malls, city outlets, ‘Parkson Beauty’ concept stores and supermarkets, as well as 2 Parkson Uker City Plazas.

Business customers believe that in addition to special factors in the local market

Changes in the domestic outlet market elon musk plans to bring satellite internet to argentina are also an important reason that cannot be ignor behind the decline in sales of Sasseur Outlets.

In recent years, as consumers pay more Parkson Group turned and more attention to cost-effective consumption, Aocai, as a representative of the discount retail model, has attract much attention, but market competition has also become increasingly fierce.

At present, the slowdown in domestic income growth has l to a weak consumer market

Consumers have become more cautious in their mobile lead purchasing decisions and more sensitive to prices. The popularity of consumer formats such as outlets has also declin compar to before.

In this context, companies whose main Parkson Group turned business is outlets are facing considerable challenges. In addition to Sasseur, Bailian Holdings, which also operates outlets, had an outlet business revenue of 971 million yuan in the third quarter of 2024, a year-on-year decrease of -1.39%, which also declin .