Retail scenery is no longer “old dreams don’t need to be remembered”

Retail scenery is no longer, Deng Juming, chairman of the Prince Jewelry Watch, said frankly that the good days will not come back, laughing and saying, “The old dreams don’t have to be remembered.”

Its watch business has improved this year compared to most of last year, but it fell by 20% in September. He pointed out that because of the “Mangosteen” attack in Hong Kong in September, there was no business on the 3rd day before and after the fight, which affected a lot.

In the past few years, due to the worsening business, the expenses have been reduced and some branches have been closed. He said that there are currently 17 branches in the store. It is pointed out that there is no increase or decrease in this year. “The rent has been reduced in the early years, so that we can continue to do business, but it is difficult to expand the business. After all, Labor is expensive, and it will not move for the time being.”

Business is stable and better, company development

Deng Juming entered the business in the 1980s. In 1984, he founded the Prince Jewelry Watch, a story of a typical white-handed family in Hong Kong.

Since 2010, the mainland economy has taken off, and the consumption of visitors to Hong Kong has increased rapidly. When the watch watch jewellery business has risen every year, it has sold more than 10 million yuan watches from time to time, which is the best time for the retail industry. Since then, due to the anti-corruption in the Mainland, the slowdown in economic growth and the shift in consumption patterns, business has fallen significantly.

Now that retail has improved, can he return to the past years, he laughs and can use two song names to express, “The old dream does not need to remember”, plus the first “Let Everything with the Wind”, those will not happen again, the year From the start to the maturity of China, the citizens began to irrational consumption, and they have to give gifts by relying on the relationship to make money. Now the mainland customers buy more watches for their own use, consumption is more rational and mature, there will be no more business surge, but for us. It is said that if the business is stable and better, it will be able to develop in the long run.”

Respond to the war with the spirit of strength and endurance

For the property market and the retail market are affected by external factors, he said that the company’s strategy is to focus on strength, endurance and service spirit. “Doing business has ups and downs, patience is very important, knowing that Sino-US trade war is long, first pre-worst The environment, the chances of failure are low and low. I also advise my colleagues to keep a little money and prepare for the worst time. Of course, I believe that Hong Kong has experienced so many financial turmoil in the past and this time we have the ability to face it, and we will continue to improve our quality services and consolidate our strength. .”