Baida Group Co.,Ltd primarily operates department stores under the Hangzhou Department Store name.
Business Segments
The company’s business segments are primarily focuses on the retail industry, with a particular emphasis on department store operations. The main business segment is the operation and management of the Hangzhou Department Store Building, which serves as the company’s flagship store.
In addition to retail operations, the company is involved in property leasing and property manag...
Baida Group Co.,Ltd primarily operates department stores under the Hangzhou Department Store name.
Business Segments
The company’s business segments are primarily focuses on the retail industry, with a particular emphasis on department store operations. The main business segment is the operation and management of the Hangzhou Department Store Building, which serves as the company’s flagship store.
In addition to retail operations, the company is involved in property leasing and property management services. The company owns several properties in prime locations in Hangzhou, which are leased to tenants, generating stable rental income.
Business Strategy
The company’s strategy includes adapting to market changes by precise positioning, enriching product categories, and enhancing customer experience to avoid homogeneous competition and stimulate market vitality.
The company’s strategy also includes a commitment to social responsibility and sustainable development. The company complies with all relevant laws and regulations, supports government initiatives, creates jobs, and participates in public welfare activities.
Products and Services
The company’s products and services are primarily focuses on the retail sector, with a particular emphasis on department store operations. The company operates the Hangzhou Department Store Building, offering a wide range of products across various categories, including basic necessities, upgraded consumer goods, and specialty items.
The company’s services include property leasing and property management, with several self-owned properties in prime locations in Hangzhou leased to tenants. The company also manages the Hangzhou Collectibles Market, providing a platform for the trading of collectibles and antiques.
The company’s retail operations are conducted through various sales models, including joint operation, distribution, and consignment. The distribution model involves the company purchasing goods from suppliers and selling them directly to customers, while the consignment model involves selling goods on behalf of suppliers and earning a commission.
The company’s services also include property management, with a focus on maintaining high standards of safety, cleanliness, and customer service. The company’s property management team is responsible for the day-to-day operations of the Hangzhou Department Store Building and other properties, ensuring a safe and comfortable environment for customers and tenants.
Geographical Markets Served
The company’s primary geographical market is Hangzhou, Zhejiang Province, China. The company operates the Hangzhou Department Store Building as its sole store, with all business activities centered in the Hangzhou region.
Customers
The company primarily engages in commodity retail business, with a focus on serving individual consumers through its department store operations.
Sales and Marketing
The company’s sales and marketing activities are primarily conducted through its department store operations, with a focus on joint operation, distribution, and consignment sales models. The company collaborates with brand partners and suppliers to jointly operate sales counters within the department store, sharing profits and risks. The company also engages in direct sales to customers through the distribution model and earns commissions through the consignment model.
History
Baida Group Co.,Ltd was founded in 1989.