Core Viewpoint - The closure of the first Parkson store in China, located in Beijing, marks the end of an era for the brand that once thrived in the retail sector but has struggled in the face of new consumer trends [1] Group 1: Company Overview - Parkson Commercial Group announced the closure of its flagship store in Beijing's Fuxingmen by the end of 2025, which has been in operation for 31 years [1] - The store, which opened in 1994, was Parkson's first entry into the Chinese market and became a significant part of Beijing's retail landscape [1] Group 2: Financial Performance - In the first half of the year, Parkson Group reported revenue of 1.963 billion yuan, a year-on-year increase of 0.93% [1] - The company achieved a net profit attributable to shareholders of 22.468 million yuan, recovering from a loss of 18.641 million yuan in the same period last year [1] - Despite the recent positive financial results, Parkson has faced ongoing pressure on its performance over the past few years [1] Group 3: Market Conditions - The store has seen a significant decline in foot traffic, leading many clothing brands within the mall to initiate clearance sales with discounts ranging from 10% to 50% [1] - The closure is a result of Parkson terminating its lease agreement with the China Arts and Crafts Group, with a total area of approximately 17,240 square meters to be returned by January 1, 2026 [1] - Parkson will incur a penalty of 11.7012 million yuan for the lease termination [1]
百盛中国首店北京复兴门商场2025年底闭店，多数服装品牌清仓促销