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Legend of a kind of "no less than a bird," is born must be kept flying, once the stop means into the time of death. Part of the current large-scale domestic Home The living conditions of chain stores, like "no less a bird." 2008 in the second half and early in 2009, and real estate home with warm and cold chain industry, with the real estate downturn, the end of its own for 20 years the "golden age." Some "class Financial Of "business," State of American "home chain store expansion, thinning in the context of profits took a risky path. 80s of last century, home stores basic follow a "rental" development path: Lease Land? Package store? Foreign lease. Retail chain business is profitable home based industry. As channel providers, they require the supplier to pay a certain "slotting allowance" and "promotional fees", as suppliers and consumers throughout the year between the "cash flow secondary" role, to earn the rent between the wholesale and retail profits. The beginning of this century, a group represented by Meikailong home chain stores began to "American country" in the expansion path?? By large-scale enclosure around the opening in the chain stores, they are neither as B & Q Denmark jysk Group relies on a large scale to reduce the cost of purchasing a profit, but also unlike Sweden IKEA Rely on product design customized to improve profit margins, the main operating mode is to constantly buy land, with its own property? Self-built property, self-construction design? Merchants opened, foreign leasing. This "workshop-based mode of operation," earned two money: First, the continued appreciation of real estate property; Second, the size of the rental income. Of these, the land premium, real estate value is the maximum benefit. With a national Sell These home network chain to retail to begin with capital operation as the end, take the initiative to enlarge business entity to assume the mission of the wealth effect. This "type of financial-based" way of life, making a number of small businesses quickly become the industry giant. Among them, support them to survive the two steps are essential: First, the design starting point. Some large chain stores choose home city developed or developing new urban areas, these areas took to the relatively low cost, land appreciation can sit back and wait. Same time, these home business enterprises with investment, tax, social resources, such as a bargaining chip to obtain the relevant permission from the authorities. Second, with enough "leverage" to get a standard commercial real estate mortgage loans of local banks, and then use the newly acquired funds, feeding the retail chain, re-new land, build new stores, the cycle. The business model is both an extraordinarily high profit margin business, but also a "high leverage" of capital balancing. The model faces three dangers: in the real estate downturn, shrinking domestic retail business, the business income rental for cash flow tight, the space walk a fine line by itself bound; land values continue to rise on the premise that , the real estate market continued upward, this over-optimism in frustration last year's real estate downturn, some cities there was an impairment provision for property; leveraged mortgage behavior, sensitive to changing easily restricted by the domestic credit environment, Once the credit tightening, funds home chain chain would be affected. In view of this, only once again take to, through the expansion should occur at greater risk, and this may result in the higher the risk of the heap. The face of some domestic chains dangerous "type of financial" Survival, Denmark jysk Group China, said general manager jakobsonnenberg calm day, the company will open a new store every month rate, to open 500 stores in China. However, this has been in 32 countries and regions to open 1,500 stores around the home giant does not intend to buy land, but as always, rental property, hoping simply to their domestic retail. The e-commerce company in China offers quality products such as China digital dive watches , China digital diving watches, and more. For more , please visit digital display watches today!
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