Chapter five hundred and sixty fifth government intervention
The retail under Xinjian Group joined forces with Japan, and Western European retail implemented a price war in the US market to seize the market on a large scale, which eventually attracted the intervention of the US government.
On January 12, several members of the U.S. federal government lawmakers and some officials made public statements, accusing retail department stores including Lane Crawford, Watsons, IKEA convenience stores, Yigo Electric Appliances, Ito Yokado, Seibu Supermarket, Carrefour, Metro and other retail department stores.
Companies violated market guidelines and compete maliciously at low prices, trying to monopolize the US department store retail market.
Li Jianhui, who received the report, knew very well that this was probably because the American retail department store giants did not want to continue to fight the price war.
The retail under the Xinjian Group is not feeling well, and the domestic retail giants in the United States are even worse. After all, the Xinjian Group is still supported by the Asian market. The main market of the US retail department store giants is currently in North America, and now both sides do not make money in the North American market.
Even at a loss, Xinjian's retail group, including Japan's Western Europe retail, can afford it, but the American retail giant can't afford it.
The price war has begun since April last year, and it has now entered its tenth month. International retail giants such as the Xinjian Group have no intention of stopping, and the strength behind each company is strong and there is nothing to see.
It will only end when it can be done.
Naturally, American retail giants are unwilling to keep this situation going, and they are even less willing to be dragged in the local market all the time, watching other global markets being divided by Lane Crawford, Watsons, Carrefour, Ito Yokado and others.
And now the only thing that can prevent the current situation from continuing is the US government. Although American retail giants also do not like antitrust single-trust cases, they urgently need this thing to help them at this time.
Even though he was very happy about the US government's intervention, Li Jianhui knew very well that the price war in the United States would not continue. After all, the other party was just a hooligan. If Xinjian did not know how to restrain himself, he would be afraid that the huge fine would come down immediately. Maybe Xin
The senior management of the construction department will be brought in.
This is also the main reason why Li Jianhui has never been very enthusiastic about the largest market in the United States. He really doesn’t feel much safer about this.
On the phone, Li Jianhui said to Wei Li: "Since we cannot continue, we will resume normal operations. Our retail market will be the main focus of stabilizing the market that has already occupied.
At the same time, we will improve our services. For a long time in the future, we will need to compete with our competitors for service quality. Only by doing this well can we truly take root in the US market."
Since the US market has changed from the previous barbaric expansion to consolidating existing markets, some institutions have naturally cancelled it, such as the Xinjian United States Retail Collaborative Office.
At the same time, there is no longer so many senior executives there. Li Qungang, the president of Lan Crawford, was transferred back to Xiangjiang by Li Jianhui, and Lan Crawford's North American affairs were taken over by Lan Crawford Vice President of Lan Crawford.
Several other major retail companies were also transferred back in Vancouver, leaving only one vice president in charge of North America affairs.
However, the US market can stop, but the global strategy of surrounding American retail companies has not changed. The retail war in the Canadian market will continue, and it will enter the Mexican market at the same time, so that the two countries' markets will definitely not make the US markets.
The back garden of retail enterprises.
This time, not only Li Jianhui was afraid, but Ito Yokado, Carrefour, Metro, Seibu Supermarket, etc., issued announcements, while denied attempting to monopolize the market by unfair competition, but also stated that due to the rising cost of interest rate cuts in the US dollar, some products
Prices will increase, especially the prices of imported products.
As for those discount activities, they have also begun to disappear in the promotion of major supermarkets. Apart from some special products, it is difficult to find that the products have relatively large discounts.
In Los Angeles, Wei Li also held the last meeting of the Xinjian Department's American Retail Collaborative Office.
"Everyone knows the current situation that the previous method of seizing the market at low prices has no longer worked. In the future, it will be more of a service competition. This aspect requires everyone to work hard.
According to Li Sheng's instructions, in the future, we will be responsible for the development of our retail industry in North America, and I will no longer interfere in your management.
And you will also go to Vancouver and will work at your group's North American headquarters in the future. You will arrange personnel to take over the US market. The level will be temporarily responsible by the twelve-level executives."
Since the North American market faces the American consortium, Li Jianhui implements high-level distribution here. Generally speaking, a large regional market is managed by the twelve level, while a country market is managed by the 10th level, and some small country markets are even
Only Level 8 management is responsible.
The North American market is responsible for the thirteenth level management, while the US market is in the thirteenth level, which is also the only one under the Xinjian Group.
The people present were not surprised to go to Vancouver, because the headquarters of the Xinjian Group in the North American market is in Vancouver. Even if Vancouver is far from comparable to New York and Los Angeles in the world, Vancouver is the first focus of North America's development in the Xinjian Group.
.
For example, in the Southeast Asian market, the focus of the Xinjian Group is not in cities such as Sin Chew, Kuala Lumpur, Bangkok, etc., but in the not-so-famous Johor Bahru. Most of the Southeast Asian headquarters of the Xinjian Group are now in Johor Bahru.
As for Wei Li, the head of the North American market, it is mainly because the US market is too complex and talented people like Wei Li can deal with it. Therefore, Wei Li did not serve as the president of Huaying Holdings Group, one of the core cores of Xinjian Group, headquartered in Vancouver.
Instead, he served as the president of Miya Holdings, headquartered in Los Angeles.
However, although Meiya Holdings Group is not ranked well in the Xinjian Group, Wei Li has a very high status in the Xinjian Group.
At the annual meeting not long ago, Wei Li ranked third among executives, second only to Zhou Pengfei and Huang Guangxing. Even Liu Xiaoyan, the president of Yuntao Holdings, is also ranked behind Wei Li, Nanlong Holdings Group.
President Li Zaiwei can only rank fifth.
Even if Wei Li said that he would no longer interfere with their own group's development and management in the North American market, they knew very well that according to the Xinjian management system, they would still be under the jurisdiction of Wei Li. In special circumstances, Wei Li could even be exempted from it directly.
Their posts.
Therefore, they all expressed their politeness that in the future, they hope that Wei Li would help and give more advice to the company's development in the North American market.
At the same time, it also expressed that in the future work, we will cooperate with Wei Li's work and jointly develop and grow the Xinjian Group's industry.
"Thank you for your support for my work, but I'm afraid it will be difficult for me to work with you in North America in a short period of time.
Mr. Mines, President of Huidefeng Holdings, will return to work here, and I will also return to Huidefeng Holdings Group. I hope you can actively cooperate with Meidefeng Holdings in the future and let our Xinjian Industry move forward steadily in the North American market.
”
The few people present were quite surprised, but they didn't expect that the changes would be so big after the retail war in the US market stopped.
Wei Li's transfer marks the end of the Xinjian Group's large-scale entry into the US market. In a short period of time, I am afraid that the Xinjian Group will not fight with the US consortium in the US market.
Wei Li's return to Huidefeng Holdings also highlights the position of Huidefeng Holdings Group in the Xinjian Group and Li Jianhui's attention. Huidefeng Holdings is definitely the top five in the Xinjian Group and is also the most listed companies.