[Gimeunji financial newspaper reporter Korea] sets out the E-Mart to improve profitability through a sieve Lot sold as store cleanup. This corresponds to the competitive environment due to the opaque and discount slowdown, funding will be provided at this time it is committed to future food such as e-commerce and Traders.
Mart announced that key decisions such information from the Management Board held the last 13 days to sell the land in Sosa earn points remaining in Henan Mart site and Pyeongtaek bijeondong of Hanam deokpungdong material.
Mart has bought the site in 2005 was Henan Henan Mart opening points through the first development in 2008.
Mart was planning to use depending on the future development of commercial writing, etc. to expand the Henan Henan Mart remaining land points. But last year the mega shopping complex opens its doors in Henan star field near dropped the remaining land utilization plans.
Accordingly, the rest of the site is decided to sell 560 billion won in building the New World. Shinsegae Engineering & Construction is expected to take the land acquired from Henan Mart in applications such as residential complex product development.
Another is the sale of land in Pyeongtaek was decided Mart is buying it was scheduled to open the second store in Pyeongtaek, due to local licensing delays reduced the efficiency of the business in 2012, and falls are attractive, such as its commercial changes. Prior Mart, which had opened the first store in 2001 in Pyeongtaek.
Also achieved closing of some stores in addition to Henan and sale of land in Pyeongtaek. Mart hakseom Chung Tay News (corporate rental housing) project is scheduled to enter the closing procedure when receiving the final approval of the Ministry of Transportation. When switching to the News table can ensure the monthly rental income.
Chemical resistance that had started with the 2001 Wal-Mart. Since the acquisition of Wal-Mart Korea in 2006 and opened its doors Mart chemical resistance points, but was determined mothamyeo dinji a weak closing. Chemical Properties of point closing is expected to be achieved as early as in September-October.
Following Mart stores sales of the 1st Eunpyeong viscosity to the constitution and improve business efficiency situation goes on renewal. 3-4 layers to 'Fashion Street' renewal and accomplished the task subjected to the electroporation Mart 21 days.
Lee Gapsu Mart president day, if the high growth of saying "Strengthening discount store business boudoir in the physical stockpile level for sustainable growth and profit structure point that needs improvement" "Traders Su e-commerce business plus the discount store sector restructuring becomes business portfolio also robust consumer profit will also help increase and enhance shareholder value, "he said.
Mart (except sleeping Affairs) posted an operating profit and revenue of 13.5642 trillion won last year, consolidated 633.2 billion won. Sales grew by 5.7% and operating profit recent move, the discount store business entered a downward trend showed a decrease of 0.1%. Whereas sales of warehouse Traders Mart, E-Mart Mall online division showed a respective 25.4% and 1.1957 trillion won and 838.6 billion won, up 26.6 percent.
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
