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Wangfujing Group Co Ltd
SSE:600859

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Wangfujing Group Co Ltd
SSE:600859
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Price: 16.14 CNY 0.94% Market Closed
Market Cap: 17.6B CNY
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Wangfujing Group Co Ltd
Investor Relations

In the bustling heart of Beijing, Wangfujing Group Co Ltd. stands as a beacon of the evolving Chinese retail landscape. Originally rooted in the department store model, Wangfujing Group has expanded into a multifaceted retail empire. The company skillfully leverages its prime real-estate locations, drawing in throngs of city dwellers and tourists alike to its array of department stores, shopping centers, and duty-free shops. Central to its operations is its keen adaptability—a hallmark that has allowed it to transition from traditional in-store sales to an omnichannel approach. By marrying the brick-and-mortar experience with digital innovation, the company has carved out a competitive edge in attracting and engaging a diverse customer base.

To generate revenue, Wangfujing Group employs a sophisticated blend of retail strategies, focusing heavily on brand partnerships and an expansive product offering. These partnerships with both international and local brands bolster its inventory across categories like fashion, cosmetics, electronics, and household goods. Additionally, the group's foray into duty-free retailing has opened lucrative channels, capitalizing on China's booming domestic travel and international tourism markets. With its strategic emphasis on premium products and customer loyalty programs, Wangfujing Group effectively increases foot traffic and transaction size, translating its diverse retail operations into substantial financial success.

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Earnings Calls

No Earnings Calls Available

Management

Ms. Jun Wu
CFO, Director of Finance Department & Head of Accounting
No Bio Available
Mr. Zhang Xinyu
Chief Legal Counsel
No Bio Available
Mr. Wang Jian
VP & Board Secretary
No Bio Available
Mr. Yong Hu
Vice President
No Bio Available
Mr. Xiping Shang
President & Vice Chairman
No Bio Available

Contacts

Address
BEIJING
Beijing
No.253 Wangfujing Avenue
Contacts
+861065125960
www.wfj.com.cn