With the spring tide of reform and opening up, Tangbaida Group has experienced the baptism from planned economy to market economy, adhering to the purpose of "serving the people and contributing to society", adhering to the concept of "customer satisfaction is our eternal pursuit", and adhering to the overall development strategy of "expanding scale, refining format, chain development and strengthening region", keeping pace with the times and being determined to innovate. Since 1993, we have continuously acquired 1 1 loss-making enterprises, such as textile wholesale companies, large and small wholesale companies, department stores, sugar and liquor companies, etc. It is the first commercial group company in Tangshan and even Hebei to merge the most vulnerable enterprises.
In 2002, under the impetus of institutional innovation, Tangbaida Group carried out three institutional reforms in personnel, labor and division of labor, established and improved a standardized modern enterprise system, completely changed the operating mechanism, and took institutional advantages as development advantages. Enterprises glow with strong endogenous power and market vitality, and realize the leap-forward growth of business scale, economic benefits and employee income. By the end of 20 12, the accumulated sales of enterprises in the ten years of reorganization was 36.8 billion yuan, 5.8 times of the total before reorganization. The business area reached 535,000 square meters, equivalent to 3.4 times that of 2002; The total assets of the enterprise reached 7.68 billion yuan, equivalent to 1 1 times in 2002; The annual sales of 20 12 reached 8.26 billion, 9.8 times that of 2002.
In recent years, enterprises have vigorously promoted the development strategy of "occupying urban areas and radiating counties", made full use of the advantages of economic strength and goodwill accumulated over the years, and accelerated their expansion. Supported by the three major formats of department stores, supermarkets and electrical appliances, a number of comprehensive shopping plazas of more than 10,000 meters have been built and opened in cities and counties. And set foot in logistics, pawn, e-commerce and other fields. It has formed a strategic business pattern integrating high-end department stores, traditional department stores, supermarkets, electrical appliances, logistics, pawn and online shopping malls, with business outlets all over cities and counties. While expanding the development space, it has effectively enhanced the brand value of Tangbaida Group.
The strong development of the enterprise has promoted the simultaneous rise of economic and social benefits. It has been ranked among the top 100 retail enterprises in China for 20 consecutive years, maintained the title of provincial and municipal civilized unit for more than 10, and won more than 500 national, provincial and municipal honorary titles such as "May 1st Labor Award", "National Civilized Unit", "China Excellent Enterprise in Commercial Service Industry in 30th Anniversary of Reform and Opening-up" and "China Famous Commercial Enterprise".