Friday, April 7, 2017

Kim Seungyeon duty-free shops, department stores territorial aggressive management



[Gimeunji financial newspaper reporter Korea] Kim Seungyeon is accelerating the distribution of territorial expansion, Hanwha Group Chairman. Hanwha Group after having opened the Duty Free Galleria 63 the end of 2015 will open the "Galleria Gwanggyo point 'in 2019.

Hanwha Group is creating a composite Town Convention in Suwon Gwanggyo committed a total of 2 trillion won, and operating expenses in this place, including a hotel, Aquarium, is also planned be built Galleria Department Store.

The Galleria department store openings Gwanggyo was close to 10 years since the last one opened in 2010 Cheonan City center point.

According to the 2019 side Hanwha Galleria Gwanggyo point opening is scheduled for this year it is the 40th anniversary of whether Hanwha Galleria department store is promoting business. Galleria is expected to plan and chongjipgyeol 40 years expertise in the sales department Gwanggyo samneunda a solid long-term growth momentum, Galleria Gwanggyo point is another one of the new growth in the symbolic year of the 40th anniversary of Hanwha Galleria Department Store.

Gwanggyo is open enough to be called a 'new heart of Gyeonggi Province. Here is the idea of ​​doing something motivation landmarks that can solve business and residential, cultural, shopping together Hanwha.

Galleria Department Store has been rejected since the opening embellish Cheonan City Center 2010 points. This is because you have expensive area in the sales and be able to maintain the image of luxury department stores mainly lack access. But Hanwha side reportedly deemed Gwanggyo area is sufficient to meet these conditions. Suwon and Yongin, Gyeonggi southern population that Mars is expected to increase in 2019 to 3.5 million people equivalent to Busan.

Galleria Gwanggyo that is expected to also attract the world's attention to architectural design. Galleria "to proceed with the CCTV building in Beijing, Taipei Performing Arts Center, Italy architect designed a number of buildings that geonchukgye global attention such as Prada Foundation raemkul Haas and collaboration," officials said.

Hanwha Galleria Gwanggyo that in addition to the recent opening of Incheon Airport Terminal 2 (T2) has supported the DF1 (perfumes and cosmetics), DF2 (alcohol, tobacco and food) of duty-free zones tender. Hotels will be the Shilla and Lotte Duty Free Shop, New World Dieppe operators and end late April after an open competition nakjeom.

The reason for companies to increase the number of duty-free because that would secure the 'Buying Power' more important than anything. Increasing circulation to enhance price competitiveness and bargaining power in attracting luxury brands is imperative.

Hanwha has even entered the bar prior to the start of operations in 2014 that Jeju International Airport duty-free up to the opening of the Galleria Duty 63. Hanwha has currently two duty-free stores.

Prior Hanwha until the early 2000s played a hypermarket and supermarket, convenience store business, including Hanwha Mart and ssiseu face, but in 2004 start-Mart Hanwha Mart, sold a 24-hour convenience store ssiseu pace in 2016 and the retail sector is stiffened by my non-mainstream industry group lost.

However, the Chairman Kim Seungyeon 2015 "must challenge towards higher goals overcoming the difficult market environment in the distribution and other services businesses," it was later emphasized the changes. July, Hanwha Galleria has succeeded in obtaining such a duty-free shop in the patent gakchukjeon with HDC Silla, Shinsegae and Hyundai department stores Dieppe · SK Networks, E-Land, Lotte.

Meanwhile, Hanwha duty-free shops, department stores operating subsidiary, Hanwha Galleria-time world record last year, revenue was 284.8 billion and 69% increase compared to year immediately preceding. Double Duty is 149,176,100,000 won, was compiled by the department store division recorded 135,604,890,000 won.

However, operating loss showed a 12,297,960,000 won department store Despite an operating profit of 31,554,410,000 won, it showed that Duty Free is to embellish the 43,852,380,000 won deficit.

In this regard Hwang Yongdeuk Hanwha Galleria Time World representatives from the shareholders' meeting held July 31, "leading duty-free sales rising trend in positive response this year, I made a turnaround targets based on robust earnings growth in the department store business," he said.

He added that "we will lead a duty-free sales rising trend positively respond more diversified and individual tourists, including tourists, foreign VIP marketing to enhance wisely overcome the uncertainty of the duty-free business."

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