Traditional Culture Encyclopedia - Traditional stories - When did Koh Lap Kee turn into a retailer in Macau?
When did Koh Lap Kee turn into a retailer in Macau?
Hui Lap Kee was a wholesale business for the first 60 years of its existence until about 1977, when it began to retail. The school uniforms in the store window, one of Koh Lap Kee's "famous" items, only became available for retail sale in 1988 after the store moved to its current location. 90% of Koh Lap Kee's products were national products between the 1950s and 1970s, and the source of supply only changed gradually in the 1980s.
Koh Lap Kee has been in business for more than 90 years, and its image as a "genuine and affordable" shop has been y rooted in people's hearts. in the mid-1960s, the business was in the doldrums, and there was a period of three consecutive years in which the shop lost money. But HUI Lap Kee survived the storm and shone brightly in Macau's department store industry.
In the midst of the transition, Koh Lap Kee continued to put customers first and provide quality goods.
Hui Lap Kee pays close attention to changes in the market and does market research to make appropriate adjustments to the supply of goods according to market trends. Take swimming goggles as an example, from the initial swimming goggles slowly developed into competition goggles and general swimming goggles, and then developed into swimming goggles with myopic lenses. Koh Lap Kee has also been selling different types of swimming goggles to follow the development of the market during this process.
When you shop at Koh Lap Kee, most of the goods can be exchanged within two to three days if they do not fit, except for a few items. For the convenience of different types of customers and travelers, there are no seasons for the clothing sold at Koh Lap Kee. On a hot summer day, we can still find cotton jackets and sweaters at Koh Lap Kee.
The market is constantly changing and so are the forms of consumption. Nowadays, the retail industry is moving towards specialization, and a big item is often subdivided into several small items, and the traditional department store business model is facing challenges.
It is believed that HUI Lap Kee, which is good at grasping market trends, can make good adaptations and stand firm in the turbulence of the big time.
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