Monday, June 17, 2019
News
NEWS HOME
»
PRN INDIA
Wanda Department Store Officially Renamed Suning.com Plaza
  SocialTwist Tell-a-Friend  
   

NANJING, China, May 16, 2019 /PRNewswire/ --  On May 5, Suning.com, the subsidiary of Suning Holdings Group ("Suning"), announced the 37 Wanda Department Stores it acquired last February officially renamed into Suning.com Plaza. The first reformed store will open by the end of May.

Wanda Department Store Officially Renamed Suning.com Plaza

Hou Enlong, CEO of Suning.com, said at the press conference of the company's 6/18 Shopping Festival, the 37 brand-new Suning.com Plazas will operate based on the previous supplier advantages accumulated by Wanda Department Store. But by integrating the online and offline shopping scenarios of Suning, such as RedBaby, Suning JIWU, Suning Convenience Stores, the new store model will be transformed into an innovative smart retail commercial complex, where it enables nowadays urban consumers to eat, shop and entertain.

Together with the existing 19 Suning.com Plazas and 16 Suning Plazas, Suning currently owns and operates 72 shopping complexes, which form the largest self-operated smart retail complex system in China.

Existing Suning.com Plaza in Nanjing, China

As the leading omni-channel smart retailer in China, Suning.com has always been committed to building a full-scenarios retail ecosystem both online and offline to create diversified shopping experiences that are visible and ready to serve consumers at anytime and anywhere. Suning.com Plaza will connect Suning's financial payment methods and provide Suning Logistics free three-kilometer delivery service. It will also invest in the domestic and overseas supply chain capabilities to bring in cutting-edge brands and collaborate with popular fashion buyers, to present trend-setting experiences to consumers.

In March 2019, Suning signed a strategic agreement with Italy Trade Agency to strengthen cooperation between the two parties in introducing quality Italian brands into  the Chinese market towards Suning's powerful online and offline platforms. It is seen as an important step for Suning to further enhance its overseas supply chain capability, specializing in fashion and general merchandise category.

In the meanwhile, the advantages of Suning's online and offline channels will be further enhanced in Suning.com Plaza, where consumers will enjoy a comprehensive and diversified convenient service supported by Suning Big Data. A seamless, effortless, and efficient shopping experience is achieved by smart retail solutions and precise marketing personalized for anyone and everyone.

With its own smart retail system as the core, Suning will bring an informational and digital comprehensive innovation to the new Suning.com Plaza, utilize its powerful technology capabilities such as data learning, artificial intelligence,  and IoT to accelerate the digitization of management of operation for traditional department stores to increase the overall service experience and profitability of the industry, to re-construct a scene experience model that is more in line with current consumption concepts and habits.

In February 2019, Suning announced  the acquisition of all Wanda Department Stores nationwide, which belongs to Wanda Group, the Chinese commercial real estate developer, to expand its bricks-and-mortar retail portfolios and facilitate the all-categories merchandise supply chain to satisfy more local consumers and boost profits of the Chinese retail market.

About Suning

Founded in 1990, Suning Holdings Group is one of the leading commercial enterprises in China, with two public companies in China and Japan. In 2018, the company was ranked second among China's top 500 non-state owned enterprises for the third consecutive years, with annual revenues of RMB 557.875 billion (approximately EUR 69 billion). With its mission of "Leading the Ecosystem Across Industries by Creating Elite Quality of Life for All", Suning has gone from strength to strength, expanding its core business through diversified vertical industries: Suning.com, Logistics, Financial Services, Technology, Real Estate, Sports, Media & Entertainment, and Investment. Suning.com was listed on the Fortune Global 500 in 2017 and 2018.

www.suningholdings.com

Photo - https://mma.prnewswire.com/media/888238/Suning_com_Plaza_1.jpg
Photo - https://mma.prnewswire.com/media/888237/Suning_com_Plaza_2.jpg  

More News by PR Newswire India

DLF CYBERHUB and AMPM Café Celebrated Father's Day With Harley-Davidson Riders

Thailand's surge in IMD competitiveness list reflects dynamic economy, says BOI

TB Joshua to Host Meeting in Nazareth, Israel

OPPO Roars for Team India; Released Song ‘Jeet Pe Apna Haq Hai’ Created With Fans’ Heartbeats

From Black Hole Imaging to NASA Climate Research - Supermicro High-Performance Systems Support Major Scientific Discovery & Exploration Even to Distant Galaxies

Seamless Air Alliance showcases technologies enabling the future of inflight connectivity at Paris Air Show 2019

Sino-Russian (Harbin) economic and trade index launched to serve as barometer of bilateral trade

Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Anant National University Welcomes its New Provost, Dr Anunaya Chaubey

One Man's Dream - India's Digital Awakening

Snehal Nagarsheth Joins Anant National University as Dean, School of Architecture

Systech and Toppan Sign Partnership Agreement to Deliver Brand Protection Solutions Worldwide

Top 10 Disruptive Digital Media Houses to Watch Out for in 2019-20

The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation

edelkrone Introduces Their First ORTAK Product

Health Horizons' Original Recipes Transform the Hemp Industry

FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.

SALT Announces Its Signature Global Thought Leadership Conference In Abu Dhabi, UAE

The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions

Kemin Launches New Vision and Logo for the Future

Rove At The Park Opens Doors to a Thrilling Lifestyle Experience in Dubai Parks and Resorts

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Encounter underway in J-K's Anantnag...
WB doctors' strike: Mamata to meet 2 rep...
Mayawati hits out at UP Govt on proposed...
Keeping with tradition, PM Modi takes oa...
SC to hear tomorrow plea seeking securit...
Kejriwal, Amarinder Singh slam Delhi Pol...
More...    
 
 Top Stories
Tech firms can't dodge responsibili... 
Researchers build AI system to conn... 
Karnataka doctors on day-long strik... 
Netanyahu names Golan Heights estab... 
Sensex in red, Reliance Industries ... 
Environment-friendly battery golf c... 
Defence Ministry to streamline expo... 
Manipal in talks with Jigsaw Academ...