Reported 7 months ago
Far Eastern SOGO department store announced a generous dividend of NT$2.3 at the shareholders' meeting on June 14, 2024, representing an increase of over NT$1 from the previous year. With the successful trial operation of the Far Eastern City in Chongqing, China, and the upcoming official opening on October 1st, along with new dining options at Taipei's Garden city giant egg, SOGO aims for a conservative revenue profit target this year. However, Chairman Huang said that with the addition of the new giant egg point, she predicts that by 2026, the four stores in Taipei will achieve a combined revenue of NT$50 billion, making SOGO the largest in the Taipei department store industry. Huang emphasized the importance of customer retention and continuous improvement in sales strategies and cost management to increase business revenue and profitability.
Source: YAHOO