As time goes by, the price war between Watsons, Lane Crawford and Wellcome Supermarkets continues, and the 20% off discounts on the entire store have no intention of stopping.
Moreover, except for the original price adjustments of a few products in supermarkets, the original prices of most products have remained the same as before the discounts. The three supermarkets are indeed offering discounts and do not intend to deceive consumers.
Seeing that March has passed, many small and medium-sized retailers have begun to despair. Except for a few storefronts owned by their own retail owners, a large number of small and medium-sized retail department stores have chosen to close their doors.
This March was called the gloomiest moment in the retail industry in Hong Kong since the end of World War II. Except for a few small stores, the retail department store market in Xiangjiang was basically monopolized by Lane Crawford, Watsons and Wellcome Supermarkets.
Just when Weili was about to ask Li Jianhui for instructions on how to target Li Jianhui, MacLehose personally called.
There is only one meaning, that is, the long-term retail price war should end. The government will not allow one retail company to monopolize the Hong Kong market.
If both parties still do not give up, the government will launch an investigation into Lane Crawford, Watsons and Wellcome Supermarkets for antitrust and disrupting the normal business order of Xiangjiang.
Li Jianhui was quite speechless about this. There is currently no anti-monopoly law in Xiangjiang. How could there be an anti-monopoly investigation? Moreover, Wellcome is still here. Who has a monopoly on Xiangjiang’s retail department stores?
As for disrupting the normal business order of Xiangjiang, this is even more untenable. Lane Crawford and Watsons are not hurting others with their own money. At present, the two retail companies still have meager profits, and they do not engage in vicious competition at prices below cost.
"Weili, why do you think MacLehose would stand up to stop our competition with Jardine Matheson in the retail department store market at this time?"
"Li Sheng, there are only three reasons why MacLehose stood up this time. First, he was unwilling to let one company monopolize the retail department store market in Xiangjiang.
Secondly, he does not want to see us monopolizing the retail market in Hong Kong.
Third, Jardine Matheson found MacLehose and asked him to come out to prevent the two sides from continuing to fight in the retail department store market."
Li Jianhui fell into deep thought. Now that MacLehose has spoken, the price war between Lane Crawford and Watsons against Wellcome Supermarket cannot continue.
Although he said he was not afraid of MacLehose, Li Jianhui did not want to cause trouble. After all, he could not accomplish many things without the consent of the government.
It's just that MacLehose repeatedly interfered in his fight with the British Hong Kong consortium, which made Li Jianhui feel quite unhappy.
He asked aloud: "Weili, how do you think we should respond this time?"
"Li Sheng, the British attach great importance to Hong Kong at present. Whether it is London or the MacLehose government, they will never want to see British capital withdraw from the Hong Kong market. At this time, I suggest that we let it go for the time being. In the future, Hong Kong will be
Determined, we can strike another thunderous blow at Wellcome."
"It seems that you have also made a guess about Xiangjiang's future ownership. I wonder what your views are on this aspect?"
Although Wei Li also missed the glory of the empire on which the sun never set, he knew very well that Xiangjiang would definitely return to the northern government.
It can be seen from this month's war that the speed of the fighting shocked the world. With the determination of the top leaders of the northern government, Britain will not start a war with the north over Xiangjiang.
Moreover, in the past two months of working under Li Jianhui, he also knew that Li Jianhui had already defined the ownership of Xiangjiang in his heart. This can be seen from some of the layout of the Xin Jian Department.
The investment in Shekou is just a pathfinder for Li Jianhui. As long as there are no major problems there, the arcade assembly workshop and Bawang game console production workshop in Huihong Industrial Park will be moved there, and the printed circuit boards, monitors, etc. will also be moved to Peng in the future.
Xiangjiang City is mainly a R&D center and sample production base.
Li Jianhui said with a smile: "Weili, if everyone could be as understanding as you, our development would not have so many restrictions. Do you think that once Hong Kong returns to the north, London will strongly support us?"
development, or will it limit our development?”
“In this regard, I think London will definitely relax restrictions on Chinese-owned families and even support several families to accelerate their development and make them an important force in Hong Kong.
The systems of both sides are not the same. As long as your power reaches a certain level and there is no need for external interference, you have to move forward for your own interests."
Li Jianhui smiled and said nothing. This is human nature. No matter what position he is in, no matter what he does, at least he is not yet capable of selfless dedication. For his own interests, he must fight for what he deserves.
Li Jianhui is also looking forward to the arrival of 1984, when the joint communiqué on Hong Kong will be released, and the overall situation of Hong Kong's return in 1997 has been decided.
At that time, he will be able to enter some industries that had restrictions on them before. Even if they will not support him, I believe they will not target him.
"Let's put aside Wellcome's problems for the time being. What you have to do next is to start planning the two major retail development directions. Lane Crawford is mainly hypermarkets and supermarkets, mainly department stores and fresh agricultural products.
As for Watsons, it mainly focuses on beauty, health care, cosmetics, perfumes, drinks, etc., and has developed misaligned with Lane Crawford.
At the same time, make plans for convenience stores and home appliance supermarket chains. These two companies will be formally established by February next year at the latest. By then, the four major companies will be merged and you will be responsible for managing them."
At present, Watsons and Lane Crawford are both retail department stores, and their businesses overlap. Li Jianhui plans to let Watsons develop along the path of his previous life. Lane Crawford will compete with Wal-Mart and Carrefour, convenience stores will compete with 7-11, and home appliance chains will compete with
The labels are Guomei and Su Ning.
Regardless of whether Li Jianhui can intervene in other markets, he will definitely seize the opportunity in the mainland market.
Weili is very excited to be able to control such a retail group. He believes that such a group will definitely become one of the world's retail hegemons.
Xiangjiang is just the starting point for the group. Next Wednesday, he will inspect the Baodao market as the executive vice president of Hutchison Whampoa and a director of Wheelock Group, allowing Watsons and Lane Crawford to open the Baodao market.
Currently in the Xinjian Department, apart from Li Jianhui, only Weili is quite special and can serve as a senior executive in the two major groups. You must know that not even Chen Yulian has served in the two major groups at the same time, let alone other senior executives.
The next morning, citizens of Xiangjiang went to several major retail stores as usual and found that the discount banners had disappeared. When entering, the shop assistants also reminded customers that sales would resume at the original price today.
Citizens who have been accustomed to buying at a 20% discount for the past half month are not used to it. They can't understand why Xinjian Department and Yihe suddenly stopped because they had a fight to the death.