Central Department Store disclosed its earnings forecast, expecting a net loss attributable to parent company shareholders of 25 million to 37.5 million yuan for the first half of 2026, compared with a loss of 8.7674 million yuan in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be 30 million to 45 million yuan, compared with a loss of 6.7225 million yuan a year earlier. The company said the pace of consumption recovery fell short of expectations, with consumer confidence and willingness to spend at physical stores remaining generally weak. Both foot traffic and average transaction value declined, putting sustained pressure on sales at its department stores and shrinking segment revenue. Meanwhile, new retail formats such as online e-commerce platforms, community instant retail, and livestream shopping continued to divert foot traffic from physical stores, further dragging down department store revenue year on year. Central Department Store's core business is department store retailing, and it is expanding its convenience store business through a strategic partnership with Lawson, along with some real estate development operations.
Nanjing Central Emporium Group Stocks Co LtdCompany expects wider loss due to weak consumption recovery, declining foot traffic and average transaction value at its department stores.