Status of Suning Group: In the first half of 2023, the total revenue decreased by 8.5% year-on-year, and the stores "slimmed down" and returned to the 3C business of home appliances.

The operation of Suning.cn in the first half of 2023 is summarized as follows:

First, the contraction business has been resolutely contracted, mainly because of the "slimming" of Carrefour supermarkets. In the first half of this year alone, the number of Carrefour supermarkets in Suning.cn decreased by 106, and the area decreased by 619500m2.

Second, focus on the core points and operate around the 3C business of home appliances. This is a competitive point of Suning, and this part has achieved profitability. The 3C business of core household appliances increased by 25.28% year-on-year.

Third, adjust the strategy to accelerate the upgrade from retailers to retail service providers. In fact, retail service providers are engaged in the franchise business of "mom-and-pop shops". It is reported that in the first half of the year, Suning.cn Retail Cloud opened 862 new stores, with a total of 10286 stores.

Brief introduction of Suning Group

Suning.cn Group Co., Ltd. was established on February 26th, 1990+65438, and its headquarters is in Nanjing. It is the leading commercial enterprise in China, covering traditional household appliances, consumer electronics, department stores, daily necessities, books, virtual products and other comprehensive categories.

By the end of 20 19, the offline network in Suning.cn covered the whole country, and there were more than13,000 innovative Internet stores such as Suning Plaza, Suning.cn Plaza, Carrefour Community Center, Suning Department Store, Suning Store, Suning Retail Cloud, Suning Polar Objects, Suning Red Kids, Suning Sports, Suning Studios and Suning Auto Supermarket, which were in the forefront of domestic offline networks.

Suning.cn Online ranks among the forefront of B2C industry in China through self-operated, open and cross-platform operation. The integration of online and offline development leads the new trend of retail development. Authentic licensed products, excellent service, convenient shopping and comfortable experience.

Reference to the above content: Baidu Encyclopedia-Suning.cn Group Co., Ltd.