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Cooper Press
Cooper Contradicts Rove On Meet The Press
Meet the Press will cancel Shengxing with suppliers to continue the Cold War
Meet the Press Council said the sudden cancellation of 28, Zhang plans unchanged re-
Yesterday
(December 22, 2005), from Beijing headquarters Shengxing told reporters the phone, as interim chairman inch Shengrong something, so canceled scheduled for today
(December 23, 2005)
10 am media appearances. However, the main store 28 Shengxing Guangqumen plans to reopen does not change.
This is already the month since the third came Shengxing Guangqumen store heavy sheets of news. December 9, Shengxing Guangqumen store had a staff member said, Guangqumen shop has an inventory of 10 can be opened, but later, after a week there will be media coverage of its 25 re-Zhang. Yesterday, Shengxing Marketing Promotion Director Song Changdong also said that 28 of Jih Sun Hing Guangqumen shop "should be opened." When asked how many suppliers Shengxing and successful negotiations, the Song Changdong have avoided the issue, told reporters only Shengxing has been active in seeking solutions to problems, "Now we go to work every day, inch Sheng Rong multi-
Visit
Is to explain at this time Shengxing problems. "
This is the industry that "hopeless situation" and have to re-Chang Shengxing shopping, financial and supply come from? Yesterday, Shengxing supplier representatives told reporters that the negotiations Shengxing and suppliers only play a "
Game
"" Start the market has been dead. "
Learned that Zhang made Shengxing Guangqumen shop is important "to get the money to be first with cooperation on" conditions. The supplier must continue to re-supply Zhang, Shengxing return only 10% of the money owed, then to the supplier rebate concessions Results section, the lower
Shopping
Of the money into the standard. In addition, the first batch of orders to suppliers only Guangqumen shop for 40% of the original supplier, and the other four stores the original supplier is not in heavy sheets supplier account. Shengxing that will gradually resume cooperation with other suppliers. For the other four stores had closed, Song Changdong said yesterday that "work will be done gradually."
Supplier flight of 100 million yuan of funds suspected to Shengxing
Yesterday, Shengxing supplier on behalf of YAO Wen-hua told reporters Shengxing nearly 1,000 suppliers owed 100 million yuan of loans. Departments have been involved in the investigation, concluded that the book "No problem." YAO Wen-hua said that 1,000 suppliers, each supplier at Shengxing 30,000 yuan into the store to the calculation that if there are 30 million into the store costs money disappeared, along with charges to suppliers
Barcode
Fees, festival fees, costs related to unaccounted for. He believes that there Shengxing "withdrawal of funds" is suspect. He suggested that government departments can set up relevant working groups stationed Shengxing help suppliers to solve the problem.
Guangqumen shop has been out of the question of property rights
Shengxing crisis in Beijing, Group Chairman inch Sheng Rong Sheng Xingyun South by the end of October has been the headquarters from Beijing to resolve the problem. Shengxing out of stock but has not been able to alleviate the situation, have a month off after 4 stores, leaving only the "demise" of the Guangqumen head office. Yesterday, was to help departments understand the situation of a Shengxing supplier told reporters Guangqumen shop Shengxing 300 million yuan to buy property, there are 130 million yuan has not delivered, but the follow-up funding can not keep up, now can only have been delivered to 1.7 million "to pay rent to buy." He also said that every quarter Shengxing 8 million yuan of funds based input from Yunnan to Beijing, but with the headquarters of the crisis in Yunnan, the money has not another source.
Shut down whole story
Shengxing 4 stores disappear due to out of stock
2004 6 months, Yunnan
Retail
Shengxing Group to enter the Beijing market giant, spent 500 million yuan out of its first in Beijing
Marketplace
Guangqumen shop. Shengxing executives have said the next two years will be built in Beijing, 20 from 8000 to 50,000 square meters of shopping mall, eat capital Electric
Sell
15% of the total. In the following eight months, as "home appliances plus supermarket" business model Shengxing in Beijing have made out a College Road, shops, peace in store, Beiyuan shops, national park stores 4 stores, and in this year's between October to November, because of out of stock within one month, have switched off the 4 stores, leaving only been "non-normal business," the Guangqumen main store. Shengxing in the field of home appliance sales have been 20 years, according to public information, its annual sales in the domestic industry sales survey rankings remained the first five.
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