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Another celebrity shopping mall announces its farewell!

On the evening of August 7, Wushang Group (000501.SZ) issued an announcement stating that it has decided not to renew the lease of the business premises of its subsidiary Wushang Group Co., Ltd.'s Asia Trade Plaza Shopping Center (hereinafter referred to as "Asia Trade Plaza"), and plans to cancel Asia Trade Plaza after properly arranging relevant businesses and personnel.

Salesperson: I don’t know where to go next.

Consumers: Memories of a Generation

On August 7, Wushang Asia Trade Plaza issued an announcement on its official Weibo account, announcing that due to the "expiration of the contract lease",The business will be closed on September 1st, and the clearance sale of all products with a discount of up to 10% will be launched immediately。

The official microblog tweet showed thatWushang Asia Trade Plaza's gold, beauty, men's wear, women's wear, shoes, etc. will start clearance sales today, with most brands starting at 10% off, which will last until August 31st.

While announcing the store closure and clearance, Asia Trade Plaza also explained the relevant rights and interests of consumers after the termination of business, including electronic membership points, electronic gift certificates, etc.

According to the 21st Century Business Herald, reporters saw at the scene that since the announcement of store closures and clearance sales, Asia Trade Plaza has posted "Closing and Clearance Sales, Curtain Call Ceremony" signs and posters inside and outside the mall, and placed notice boards at each exit. All stores are actively carrying out operations during the closing and clearance sales phase.

It is worth noting that after the cancellation of Asia Trade Plaza, where will the relevant employees go? A salesperson from a clothing chain store said that the brand has hundreds of stores across the country, following a unified planning and scheduling, and the termination of Asia Trade Plaza will not affect the sales pricing of the stores. After the store is closed, the inventory will be transferred and handled by the store of Wuhan Dream Times. The placement of employees is not yet known and specific news is still awaited.

The cosmetics counter salesperson said that in conjunction with the store closure, some of the backlog of goods will be cleared out through promotions. Regarding the placement of store employees, the brand companies will be responsible for management and scheduling, and Asia Trade Plaza will not intervene.I don't know exactly where I will go in the future, I'll leave it to the brand company to arrange.。”

A consumer told the reporter, "When I was a kid in Wuchang District, the most popular places were Asia Trade Plaza and the nearby Qunguang Plaza. They are also the memories of a generation. At that time, Asia Trade Plaza was very popular among consumers."

Screenshot of netizens' comments

A cosmetics counter salesperson said in an interview with a reporter, "I have been working here since Asia Trade Plaza opened in 1996. It has been 28 years. There is a reason why Asia Trade Plaza was popular with consumers. At the beginning, it adopted a very novel promotional form, including free drinks, daily discounts, and birthday gifts for members. Although the current traffic flow of Asia Trade Plaza is considerable, it is adjacent to Wuhan Dream Mall, so its performance will be affected to some extent."

Some consumers also pointed out that "Asia Trade Plaza was established a long time ago, the facilities are outdated, the underground parking lot is small and the exit is narrow. At present, Wuhan is pursuing the renewal of the business district, and it is normal to introduce new things."

Once a "star shopping mall" in Wuhan

Company: Closing the store does not mean the end, but a new beginning

Wushang Asia Trade Plaza is located at the intersection of Wuluo Road and Shipailing Road in Wuchang District, adjacent to Wushang Dream Mall and across the street from Baotong Temple. For many citizens, it was once a shining commercial star in Wuchang District.

According to the "Wuhan District Annals", "Wuhan Asia Trade Plaza Co., Ltd." (hereinafter referred to as "Asia Trade Plaza") was established on the basis of 12 small state-owned enterprises such as Wuluo Road Vegetable Market, Department Store, Non-staple Food, and Restaurants. It covers a total area of ​​15,000 square meters, a total construction area of ​​120,000 square meters, a building height of 115 meters, and a total investment of 500 million yuan.It is the largest commercial investment project in Wuchang District since the founding of the People's Republic of China.。

The podium shopping mall of Asia Trade Plaza opened on December 28, 1996. In a newspaper advertisement that year, Asia Trade Plaza announced the launch of the "Ten Practical Things for Jingchu" opening promotion activities, including "special car pick-up", "free drinks", "birthday gifts", "half-price half an hour every day" and other novel promotional forms.According to the "Wuchang District Annals", the mall had sales of 3.4 million yuan on its opening day, with over 500,000 visitors.With sales of 11 million yuan in the first three days of opening, it set a new record for the opening of Wuhan business community.。

For a long time, the leading business community in Hubei, Wushang Group, has been committed to the strategic thinking of developing "one river and two banks", and has actively laid out the south and north of the river. In May 2002, Wushang Group and Asia Trade Plaza "joined forces", and Wushang Asia Trade Plaza was born, and the surrounding business is becoming more and more prosperous. The people-friendly price policy, promotional activities and convenient geographical location have also made it a popular place for college students to shop, gather and relax. This area has become a new commercial shopping center in Wuchang District, and the "Asia Trade Business District" is named after it.

"Closing the store does not mean the end, but a new starting point for Wushang Group's strategic layout."On August 7, a relevant person in charge of Wushang Asia Trade Plaza told the Hubei Daily All-Media reporter that as an important member of the Wushang Group, Wushang Asia Trade Plaza has always adhered to the strategic layout of "one river, two banks", deeply cultivated the Jiangnan business district, and won the trust of customers with high-quality products and considerate services.During this period before the store closes, we will continue to provide high-quality services to the public to ensure that every customer's shopping experience is guaranteed.

edit|Duan Lian Gai Yuanyuan

Proofreading|Wang Yuelong

Daily Economic News is compiled from 21st Century Business Herald, Hubei Daily, listed company announcements, public information, etc.

Daily Economic News