Chapter 578 [Department battle]

  Jiayi TV Station is not vulnerable, after all, in terms of software, it has the resources of a lot of stars of Shaw Brothers movies;

  So, during the Spring Festival, I did grab a lot of ratings from wireless stations!

  Wu Guangyao has already prepared for this;

  Even if Jiayi TV station does not open now, there will be other TV stations appearing in the future, which will more or less grab some ratings;

  However, these will not affect the dominance of TVB!

  During the Spring Festival, Wu Guangyao’s eldest daughter, Wu Yue, married, is Wu Guangyao’s major event;

  Wu Yue’s husband is He Tianqiao, He Yuanzhang’s son, and the two have known each other since they were studying in the United States and had a good impression of each other;

  However, when Wu Yue returned to Hong Kong and He Tianqiao continued to study for a PhD in financial management, he did not immediately decide the marriage;

  Now He Tianqiao chooses to return to Hong Kong, and Wu Guangyao is arranged to work as the accounting director of China Everbright Bank. Finally, the marriage is settled!

  Wu Guangyao is very satisfied with his son-in-law, who is still a political material.

  So I plan to train for a few years and arrange to run for election to the Legislative Council in a few years.

  Just after the Spring Festival, Wu Guangyao came to Baiyou Group and invited a group of executives to report.

  Fu Hongru, President of Group, Jia Lisheng, President of Apparel Industry, Mark, President of Retail Industry, Zhang Tianming, President of Master Kong;

  One group president, three first-level subsidiary presidents, sitting on the sofa to prepare their own reports;

  In fact, in addition to the three first-level subsidiaries, Baiyou Group also has several second-level subsidiaries that are not managed by the first-level subsidiaries;

  These second-level subsidiaries are hopeful of entering first-level subsidiaries, so they are temporarily managed by the group;

  Among them are McDonald’s Western-style fast food (Asian agent), Chinese Medicine Group Corporation, etc., all of which are managed by Baiyou Group.

  "Everyone talks about the industry they are responsible for, whether they have New Year's goals, and the current difficulties, so everyone can brainstorm and discuss together."

As soon as Wu Guangyao’s voice fell, Mark, who was in charge of retail, said first: “At present, the Metro Convenience Store (Asian agent) of Baiyou Group is performing well and is full of vitality. Supermarkets have also performed impressively. Baijia Supermarkets and Metro Convenience Stores Supermarkets (Asian joint ventures) are among the best in the first column throughout Asia. Because of this, the Japanese retail industry has shown a great desire to fight. As you know, boss, the Japanese retail industry has two advantages: first, The implementation of "Customer is God" is the most thorough; secondly, Japanese products are cheap and good in quality and competitive.

  Therefore, the resistance in the Japanese retail industry is still very fierce. At present, we can completely suppress them in the field of convenience stores and supermarkets;

  Only in the department store sector, Japanese department stores have a feeling that we are struggling!

  Especially in Hong Kong, Japanese department stores have come to conquer our nest. Some time ago, the local big department store in Hong Kong was taken over by HSBC and was on the verge of bankruptcy. This is a department store with 9 stores. "

  Wu Guangyao heard the words and couldn't help but sigh that the little days are a bit powerful!

Metro Convenience Store is a pioneer in the whole of Asia. Later, relying on strong capital, it quickly opened stores and achieved the purpose of spreading throughout Asia; this made it necessary for latecomers to spend a lot of effort to take a bite of meat from Metro Convenience Store. .

  Supermarkets, not to mention, the two brands of Baiyou Group, Baijia Supermarket and Metro Supermarket, are also strong.

  Of course, both convenience stores and supermarkets are new retail models that emerged after the 1960s. This determines whoever has the first to occupy the market will have a great advantage!

  Unlike department stores, department stores originated early, and Japanese department stores had already formed their own system before World War II.

  A variety of reasons determine the counterattack of the Japanese retail industry, starting from the department store!

  In addition, only one Lane Crawford of Baiyou Group's department store industry has moved out of Hong Kong, and is only engaged in deep cultivation in the high-end department store sector;

  The products sold by Lane Crawford are also high-end products all over the world;

  Because of this, the Japanese retail industry has seen the “shortcomings” of Baiyou Group, so they came to Hong Kong to open department stores a few years ago;

  Among them, Matsuzakaya, Isetan, Tokyu, Jusco, Mitsukoshi and many other Japanese department stores have come to Hong Kong to open large stores.

   Wu Guangyao said in a deep voice: “Japan’s department stores have obvious advantages, that is, Japanese goods and Japanese services! At present, is there any statistics on the percentage of department store turnover in Japan?”

Mark hurriedly said: "It is estimated to be about 40%! There are many department stores affected. Our Lane Crawford will not be affected, but Dah Sing and Zhonghua have been affected, such as Sincere and Yongan. In general, they have also been affected a lot. In general, Hong Kong's department store industry is saturated, and it is estimated that there will be thousands of department store brands, large and small. Industry insiders point out that anyone who comes to Hong Kong to open a department store again will undoubtedly commit a chronic suicide!

  But even so, foreign merchants who come to Hong Kong to open department stores are still in an endless stream! "

  Wu Guangyao nodded, actually knowing it!

  "Do you know why there are so many department store brands?" Wu Guangyao asked these executives.

  Fu Hongru smiled and said: “Because the threshold is low, you can do it with a little money! Convenience stores need a chain model, relying on the number of stores to win; the investment in the supermarket is large, and the threshold is naturally high!”

   Wu Guangyao said: "You are right! Do you know why I have kept you from working in department stores over the years?"

  Now everyone shook their heads!

  Wu Guangyao is not surprised, not everyone can predict the future!

   Wu Guangyao said: "Because department stores are an industry that is about to be eliminated, I did not ask you to spend too much money to develop such an industry that is about to be eliminated."

  Everyone was shocked!

  The first time I heard this statement, if it were not from the boss, everyone would definitely refute it!

  Mark deserves to be a baptism in the retail industry for a long time. He tentatively said: "Is it eliminated by the supermarket?"

  Everyone listens, thinks hard, the advantage of the supermarket!

Wu Guangyao did not show off his knowledge, and directly said: "It is the emergence of supermarkets that will squeeze the market of department stores. Supermarkets are a booming new industry, while the department store industry is just a traditional industry. Big advantage!

   Therefore, if we want to break the game, we must vigorously develop the supermarket, and naturally these Japanese department stores will be destroyed!

  At the same time, in the future of Hong Kong, parking spaces are a big problem;

Therefore, our supermarkets need to open both comprehensive hypermarkets and specialized stores; there are many outlets, complete goods, and compact arrangements. This way, there is no need to drive shopping like European and American supermarkets, which makes up for the shortage of land resources and parking in Hong Kong. Disadvantages of insufficient bits. "

  In the 1980s, the rise of supermarkets caused panic in the department store industry;

  Hong Kong department store brands have followed the example of supermarkets, opening shelves as much as possible!

  Wu Guangyao’s words are like a magic weapon to win, let everyone shine!

  Indeed, if you compete with thousands of department store brands in the department store industry, it will undoubtedly be much more difficult;

  If you jump out of this circle and use supermarkets and convenience stores to hit the entire department store market, wouldn’t it be wonderful!

  Moreover, even if it hits the entire department store industry, it will not affect Lane Crawford;

  Because Lane Crawford is a high-end department store brand with a century-old history in Hong Kong, it is the favorite place of many rich people in Hong Kong!

  Mark said: "Ashamed! Everything needs advice from the boss!"

  Wu Guangyao waved his hand and said, “Don’t be humble, this is just brainstorming!”

  Wu Guangyao said again: "You incubate another home furnishing chain store, against Stanley Black & Decker and IKEA!"

  Mark nodded and said: "What the boss said is! With the improvement of living standards in Hong Kong, chain stores specializing in home furnishing products have a very market!"

  In recent years, Baiyou Group’s retail ambitions are very large. Hong Kong is not the main battlefield, but overseas is the main battlefield;

  So, home furnishing chain stores have not had the energy to do it!

  The timing is right now, not too late!

  As for joining IKEA, it is basically impossible, it is better to do it yourself!

  Next, everyone brought the topic to Master Kong Food and Beverage Company.

  "You mean that Japanese instant noodle manufacturers intend to lower the price and engage in a competitive battle in countries and regions other than Japan?" Wu Guangyao asked amusedly.

  This trick is the usual method in Japan. It was this way that the local doll noodles in Hong Kong were suppressed by Japan and then acquired!

  However, Wu Guangyao played this trick very smoothly!

Xue Tianming said: “I don’t know if they are united, but recently the prices of cup noodles and barrel noodles in Japan have indeed fallen! Originally, we were not afraid of price wars, but I was worried that these Japanese manufacturers could Get a lower price than us!"

  Wu Guangyao nodded. The cost of expanded polystyrene packaging in this era is relatively high, which accounts for a lot of the cost of cup noodles and barrel noodles, so this purchase cost determines this competitiveness!

Soon Wu Guangyao came up with a solution and said: "The price war is going on, and a little profit is enough! To put it bluntly, our family is losing, and the entire Japanese instant noodle brand is accompanying us to lose. Then, you can talk to the Japanese manufacturer about this packaging. If they refuse to lower it, they have to produce it by themselves! My YKK zipper company in Japan has the ability to do this. I will call Tadao Yoshida later to see if I can produce it by myself."

  Fighting a price war, Wu Guangyao is really not afraid!

  Xue Tianming said: "We can also invest in an instant noodle factory in Taiwan to reduce production costs!"

  Wu Guangyao nodded and said, "Well, you can arrange it!"

  Mineral water and fruit juice drinks are currently undergoing final preparations and are expected to be available in the second half of the year!

  Wu Guangyao urged him to stop participating!

  The general policy that I am good at, the details are still not as good as these professionals!

  Universal Building

  Global Group convened a meeting of shareholders and senior executives to further discuss the shipping situation.

  In 1974, Universal Group sold ships with a deadweight of 5 million tons. These ships generally have small deadweight and high operating costs;

  Of course, the selling price of Universal Group is so low, it also makes the shipowners who are still optimistic about shipping very happy!

  This kind of crazy behavior, I am afraid that many people within the Global Group slander Wu Guangyao;

  Not to mention the two directors of HSBC. Now that Sundars has almost retired, he will not overreact;

  However, Shen Bi had asked Wu Guangyao for a written guarantee several times. Naturally, Wu Guangyao would not give him any guarantee, and the matter would not be resolved.

  "Selling ships can't stop. This year, we will sell 5 million tons of ships with less deadweight!" Wu Guangyao first assigned the task to Universal Group.

  Shen Bi took the lead and said: “Why doesn’t Global Group try to use long-term leases and low-cost contracts to resist the coming shipping season?”

Wu Guangyao waved his hand and said: "Europe and the United States are developing their own oil fields, and Japan is also studying new energy alternatives to oil. In the future, oil tankers will have no off-season or peak season, only off-season. Besides, our 20 million tons fleet, It was the closure of the Suez Canal to support such a large fleet. Now that the Suez Canal is about to reopen, we will naturally reduce the fleet again."

  Shen Bi heard the words, knowing that it would be useless to say it again, so he would not be talking!

  In fact, people like Shen Bi, Dong Haoyun, Zhao Congyan, how can they not know that shipping will weaken, or even a cold ice period may occur;

  But everyone just is unwilling to face it, unwilling to take corresponding actions;

   is like a gambler, knowing that ten bets and nine loses, they will continue to bet!

  Wu Xianshuo saw his father easily dismiss the God of Fortune on Hong Kong Island, and his heart was still quite shocked!

  This kind of momentum and self-confidence, I am really too far away!

  Wu Guangyao didn’t know, but unknowingly, he put a lot of pressure on the elder son!

  He Yuanzhang, who has become Wu Guangyao’s relatives, tried to ask: “Would you like to build a large container ship with a load to replace the small container ship and reduce costs!”

  This time, Wu Guangyao nodded and said, "This is okay! But, don't take too much steps, let's try the water on the two ships!"

  Wu Guangyao’s ultimate goal is 3 million tons of container ships and 3 million tons of oil tankers, but this goal has not been told to anyone!

  It is expected to complete this goal in 1977!

  As for why not speed up the replacement of small ships in the fleet, Wu Guangyao also has his own thinking;

  That is, if you go to the mainland in a few years, you will definitely be entrusted to help the shipping industry in the mainland;

  Building new ships and helping to develop business are all things to do;

  So, I don’t rush to change boats!

  Wu Guangyao doesn’t care how many boats are built in the mainland, nor how much business is transferred to the mainland;

  What Wu Guangyao cares about is that the mainland approves its participation in port investment, and this is the big head of the future;

  Previous life, the world's busiest port, the mainland accounted for a full seven, which shows how big this market is.

  Afterwards, everyone discussed the issue of port investment. This time everyone finally worked together;

  After the port is built, you can always lie down and make money.

  The port must also be renovated based on scientific development;

  For example, in the mid-1980s, Hutchison Holdings invested 4 billion Hong Kong dollars in refurbishing a port;

  Of course, the profit of this port in the following year was HK$3.6 billion.

  Because of this, Universal Group will spend a sum of money every year to upgrade its ports.

  (End of this chapter)