Japanese department store Takashimaya will withdraw from China market. What's your comment on this?

This is a statement that Takashimaya Department Store withdrew from the China market system:

"Since the opening of 2012,65438 in February, thanks to your kindness, it has been able to continue its business. However, due to unexpected changes in the consumption structure, intensified competition in the industry, sluggish consumption in physical stores and other factors, although all our employees have been working hard, it is extremely difficult for our store to continue to operate, so it is planned to terminate its business on August 25, 20 19. "

Ask my opinion, I think he should have closed down a long time ago. It's not that I have any patriotic feelings or the idea of boycotting Japanese goods. No, I'm more rational in this respect. I think the main reason for his bankruptcy is that he can't make a profit.

I'm not stupid. They came to China to earn money from us in China. Later, I found that I couldn't make any money here, but I had to pay taxes, pay rent to China and support employees in China. After the account was worked out, it was found inappropriate and they could not make money. What's the fun? All entrepreneurs are like this. How can they make money? If you can't make money, run away, and everything is centered on interests.

In fact, many physical industries are facing such a dilemma. The impact of the internet is too great. Some physical stores can grow bigger and bigger because of the realization of online and offline dual operations. Walking on two legs without delay will definitely get better and better, but some physical stores are not necessarily. They can't do online and offline operations and will be eliminated by the times.

Their rent is particularly high, and the goods in Takashimaya, a department store, are also expensive. Many goods are imported from Japan. Consumers do not recognize these high-consumption things, and gradually lose profits. Naturally, they can't do it anymore.