After the founding of New China, Wuhan Branch transferred all the company's assets to Zhongnan Department Store for operation after clearing its equity and handling its debts. At that time, the total value of the goods transferred was equivalent to more than 90,000 yuan, and all 84 employees were retained. After several changes in its affiliation, it was renamed Wuhan Central Department Store and Wuhan Central Department Store Sales Department, and later renamed Wuhan Central Department Store, becoming the first large state-owned department store in Wuhan.
From 1950s to 1980s, Wuhan Zhong Bai ranked among the top three commercial enterprises in Wuhan.
In the early 1990s, commercial enterprises in Wuhan set off a wave of transformation. Wuhan Hanzhong has invested a lot in renovation, but the follow-up funds can't keep up. Enterprises are in an unprecedented predicament. After many twists and turns, they carried out the shareholding system reform in 1989, and established Zhong Bai Holding Group Co., Ltd., which was successfully listed in 1997, which solved the capital bottleneck and finally made the enterprise out of the trough.
1At the end of 997, based on the fierce competition of traditional department stores and optimistic about the huge development potential of chain supermarkets, Wuhan Zhong Bai established Wuhan Zhong Bai Chain Store Supermarket Co., Ltd. and began to set foot in chain supermarkets. 1June, 1998, the first large-scale storage supermarket in Zhong Bai, Wuhan opened in Tangjiadun, Hankou. In less than half a year, the second warehouse supermarket of Erqi Road in Hankou was put into operation. Subsequently, stores such as Luoshi Road Store and Gutian Road Store opened one after another, and quickly occupied the "Silver Corner of Phnom Penh" in Wuhan. 200 1, the company acquired 49 stores in Jintian supermarket, established the development direction of small and medium-sized supermarkets entering the community, and formed a pattern of large storage supermarkets and small convenience supermarkets simultaneously.
After years of deep cultivation, the company has established a leading position in the supermarket industry in Wuhan and achieved a successful transformation from traditional retail to modern supermarket chains. The company has developed from 1 central department store to 8 department stores, more than 30 electrical specialty stores, 120 storage supermarkets and more than 500 convenience supermarkets, covering major counties and cities in Hubei Province with Wuhan as the center. And Chongqing's large storage supermarkets radiate urban and rural areas, and convenience supermarkets serve the community. It has become a modern enterprise group focusing on commercial retail, integrating various formats such as department stores, storage supermarkets and convenience supermarkets, and involved in import and export trade, e-commerce and logistics distribution.
As of June 65438+February 3, 20081day, the company had registered employees 19474.