Benefiting from the improvement in consumer quality demand and the diversification of consumption scenarios, the domestic department store industry, which has undergone a period of transformation, is gradually escaping from the trough of sales decline and achieving a rebound. According to the latest statistics from the National Bureau of Statistics, from January to November 2019, the total retail sales of domestic consumer goods reached RMB 37,287.2 billion, with a cumulative growth of 8%, of which the vast majority of daily-use department stores achieved positive growth. Through a series of technological and conceptual outputs such as "digitalisation plus", "supply chain iteration" and "consumer scene innovation", the department store market is expected to return to the C position of the new retail map and play an New industry leads to new mode, new technology is the key to new retail.
With new industries driving new models and new technologies driving new scenarios, the speed and magnitude of changes in the department store market undergoing transformation and upgrading have shown a drastic increase, and the demand for high-quality and innovative products from viewers and buyers has become even more urgent. How to track the pace of innovation in the department store industry under the new normal, as well as more accurate and rapid access to information on product updates? The 114th China Daily-use Department Store Commodity Fair & Smart Life Expo, which will be held from 23 to 25 July 2020, will meet the demands of visitors and buyers through a series of innovative means of change (thematic scenarios of product categorisation, new product releases by big-name exhibitors, and precise buyer services). At that time, 3,000 quality exhibitors from home and abroad will join the mid-year feast of the department store industry, and nine thematic zones covering all categories of household department stores will also be unveiled successively, comprehensively "igniting" the public's quality of life to a new boom.