In late March, Fung Business Intelligence and the China Commerce Association for General Merchandise (CCAGM) co-organised the 15th China Department Store Summit at the Sofitel Wanda Hotel in Beijing. This year’s theme was “Fusion and Transform - How retailers can thrive in turbulent times and embrace change” and was attended by over 500 delegates including C-suite executives from department store operators and retail professionals from across China.
At the conference, Mr. Marco Hamers, Executive Vice President of Global Brands Group China, gave a keynote speech on “The Horizon of New Retail”. The concise speech cut straight to the core of not only the latest retail developments but strategies under the new regime.
Dr. Li Tao, Vice President & Group Chief Representative of Northern China of Li & Fung Development (China) Limited, participated in the Hot Topics Discussion and moderated the Panel Discussion session, themed “Supply Chain Transformation”. Fung Business Intelligence, along with CCAGM, launched the report “China’s Department Store 2016”, which not only provided macroeconomic data from domestic store operators but also a survey that was conducted among key department store operators in China. The survey covers three broad areas, namely operation models and business practices, e-commerce initiatives and O2O strategies. In each, key trends and major challenges facing the sector were identified, providing compelling insights.
For the reports / survey
Photo: From left to right: Dr. Li Tao, Vice President & Group Chief Representative of Northern China of Li & Fung Development (China) Limited; Ms. Xu Ruize, Vice President of Liqun Group; Mr. Hu JinDong, Partner, General Manager of Handu; Mr. Bu Caiyou, Vice President of Beijing Aimer Lingerie Co., Ltd; Dr. Wendy Hong, Vice President of Fung Business Intelligence.