Chen Xiaodong from Intime attended the Global Department Store Summit and delivered a keynote speech

Lianshang Net News: On May 8, 2014, Chen Xiaodong, CEO of China Yintai Investment Co., Ltd. and Commercial President of Yintai, was invited to attend the 2014 Global Department Store Summit and delivered a keynote speech on the conference topic: "Seizing the Important Opportunities of Retail Industry Transformation - Adapting to New Technological Challenges and Opportunities".

The Global Department Store Summit (GDSS) is the world's leading forum for the department store industry. As a biennial event, the organizing committee of the conference invites the presidents and executives of world-class department stores, brands, suppliers, and manufacturers, as well as major stakeholders from the service, finance, and retail commercial real estate industries to attend. GDSS analyzes and explores the latest department store retail business and development trends from a global perspective. Department store and retail executives gain new insights on various topics and establish international connections with industry peers through communication at summit forums and official events. GDSS2014 is jointly organized by the World Federation of Department Stores (IGDS) and Singapore's TANGS Group.

Conference theme: Seizing the important opportunity of retail industry transformation

The consumption and shopping behavior of consumers are undergoing drastic changes, and new technologies are also surging. These changes have pushed the retail industry to the forefront, and department stores are also struggling to find a calm harbor. Successful department stores have seized the business opportunities brought by these changes in consumption patterns, as well as new driving factors such as digital media, omnichannel, new technologies, and customer analysis.

What are the main impacts and challenges? How can one stand undefeated in the competition? This year's Global Department Store Summit targets well-known and growing retailers, vividly showcasing their success stories and exploring what business strategies and investments should be launched to ensure growth and sustainable profitability with appropriate positioning.

Chen Xiaodong, along with the representative of MUJI MUJI Corporation, the president and executive officer of the ban agency, Tadao Matsui, and Marks&Co. Ltd. from the UK; Spencer CEO Marc Bolland spoke and discussed "Adapting to New Technological Challenges and Opportunities" together.

（ Source: Lianshang Network