Hefei Department Store Group Co.,Ltd (000417)

Overview

Hefei Department Store Group Co., Ltd. stands as a significant player in the retail industry within China, offering a myriad of services and products through its comprehensive network of department stores and subsidiary operations. Since its establishment in 1959, the company has expanded its reach to cover various segments of the retail market, including department store shopping centers, supermarkets, electrical appliance stores, and more. With its headquarters in Hefei, China, the company has consistently focused on diversifying its offerings to meet the evolving needs of its customers, encompassing areas such as e-commerce, cross-border direct sales, and the integration of online and offline retail services. Additionally, Hefei Department Store Group Co., Ltd. engages in the small loan business, agricultural product distribution, and operates facilities such as airport entry ports, further enhancing its footprint in the retail and service sectors. The company's approach to combining domestic and foreign trade through an integrated industrial system has positioned it as a key stakeholder in the Chinese retail market, dedicated to providing a wide range of products and services to its customers.

Products and Services

• Department Store Shopping Centers

  Operates a variety of department stores offering a wide range of products including apparel, cosmetics, home goods, and more. These centers serve as flagship locations, providing an extensive shopping experience for customers.

• Supermarkets under the Jiafu Name

  Features a supermarket chain that provides groceries, fresh produce, household items, and other daily necessities, focusing on quality, freshness, and value for the everyday shopper.

• Electrical Appliances Stores

  Specializes in the sale of electrical appliances, offering a broad selection of goods from household appliances to personal electronics, catering to the tech-savvy consumer.

• Chain Stores

  Includes a network of smaller retail outlets that offer a variety of consumer goods, enhancing the company's reach into various communities and locales.

• Cross-Border Direct Sales Centers under the Tesco Name

  Provides an avenue for purchasing imported goods directly, including a range of international brands and products, facilitating cross-border trade and access to foreign products for Chinese consumers.

• Agricultural Product Wholesale Markets

  Operates markets that specialize in the wholesale distribution of agricultural products, offering a link between farmers and the market, ensuring the supply of fresh produce to consumers and businesses.

• Standardized Vegetable Markets

  Maintains markets that focus on the sale of fresh vegetables, promoting the availability of fresh, healthy produce to the community.

• Small Loan Business

  Provides financial services in the form of small loans, catering to the needs of individuals and small businesses requiring financial assistance.

• E-commerce and Cross-Border Direct Sales

  Offers online shopping options that include both local and international products, enabling customers to make purchases online with convenience, bridging the gap between physical and digital retail.

• Airport Entry Port Operation

  Manages facilities at airport entry ports, enhancing the efficiency and effectiveness of goods movement and logistics, especially for imported items.

• Online and Offline Integration

  Focuses on the integration of its online platforms with physical stores to provide a seamless shopping experience, allowing customers to benefit from the advantages of both digital and in-person shopping methodologies.

• Domestic and Foreign Trade Combined Industrial System Services

  Engages in services that facilitate both domestic and international trade, supporting the supply chain and distribution network required for the diverse range of products offered by the company.