Mainland department store operator Golden Eagle Retail Group said yesterday that it was in no rush to develop an e-commerce platform despite reporting a 23.2 per cent fall in first-half net profit to 483.8 million yuan (HK$609.5 million).
"We want to slowly and carefully develop the preparations and foundation plan for e-commerce," chief financial officer Patricia Tai said. "We hope the e-commerce plan will not be a loss-making business because we see a lot of e-commerce [initiatives] are still loss-making … After the foundation work is done, then we will roll it out."
Same-store sales growth declined 6.7 percent, Golden Eagle said on Monday night. Turnover was 7.94 billion yuan, down 7.9 per cent from a year earlier.
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