The Development History of Wangfujing Department Store

Beijing Wangfujing Department Store (Group) Co., Ltd. was founded in 1955, formerly known as Beijing Department Store, the first store in New China. 199 1 set up an enterprise group and become an enterprise with separate plans in Beijing. 1993 carried out the shareholding system reorganization, and 1994 listed the company's shares on the Shanghai Stock Exchange after the public offering. Since 1996, the scale of department store chain has been promoted nationwide. By the end of 20 14, 47 large department stores had been opened and operated in 28 cities across the country. Including Beijing Department Store, Dong 'an Market, Chang 'an Shopping Mall, Shuang 'an Shopping Mall, hQ Fair (Dazhong Temple Store) and Beijing Daxing Wangfujing, as well as Guangzhou Wangfujing, Wuhan Wangfujing, Chengdu Wangfujing, Baotou Wangfujing 1, No.2 Store, Chongqing Wangfujing 1, No.2 Store, Changsha Wangfujing, Hohhot Wangfujing, Luoyang Wangfujing, Xining Wangfujing and Urumqi. Wangfujing in Erdos, Wangfujing in Chengdu, Wangfujing in Tangshan, Wangfujing in Daqing, Wangfujing in Fuzhou and Wangfujing in Xi are all under preparation. In 2004, the company was selected into 20 large-scale circulation enterprises supported by the state and became the only circulation enterprise in the city. In 2007, it was selected as a sample stock of the Shanghai and Shenzhen 300 Index and became a recognized representative sample enterprise in the Shanghai and Shenzhen stock markets. Wangfujing Department Store is currently the largest retail group in China focusing on the development of department store formats. By the end of 2007, the company's sales revenue/kloc-0.06 billion yuan, up 24.74% year-on-year, and the company's total assets were 6.502 billion yuan. The company's main assets and business are concentrated in the department store format.

milestone

1955, Beijing department store was established and opened.

From 65438 to 0984, as a pilot unit in Beijing, a series of reforms such as "separating government from enterprises, simplifying administration and decentralizing power" were implemented. 199 1 set up Beijing department store group, which is planned to be implemented in the annual and medium-and long-term plans of Beijing's national economic and social development.

1993 carried out the shareholding system reform and established Beijing wangfujing department store (group) co., ltd.

1994 was listed on the Shanghai Stock Exchange, becoming the first sample stock of the Shanghai Stock Exchange 30 Index.

1996, we have implemented two major strategies to integrate with the international community and promote chain development throughout the country.

From 65438 to 0997, he joined Beijing Holding Co., Ltd. and listed as a "red chip" in Hong Kong.

In 2000, Beijing Dongan Group implemented strategic restructuring and became the largest department store retail group in Beijing.

In 2004, it was selected as one of the 20 large-scale circulation enterprises supported by the state.