Reported 8 months ago
During the shareholders' meeting on June 18, 2024, Far Eastern Department Stores Chairman Hsu Hsu-tung expressed great confidence in the retail industry, mentioning the company's plans for expansion through opening new stores. Hsu emphasized the importance of physical retail experiences, stating that despite the growth of online shopping, the presence of physical stores is still crucial for fashion retail. Far Eastern Department Stores aims to continue expanding, enhancing customer experiences, digital transformation, innovation in management, developing online shopping, and sustainable operations to establish an international retail group. The company is also exploring the use of AI to address the challenges in the labor shortage within the industry.
Source: YAHOO