On August 7, Wushang Asia Trade Plaza issued an announcement on its official WeChat, announcing that it would terminate its business on September 1 due to the "expiration of the contract lease", and the promotion of all products as low as one discount was launched immediately.
It has set a new record for the opening of Wuhan's business community
Wushang Asia Trade Plaza is located at the intersection of Wuluo Road and Shipailing Road in Wuchang District, adjacent to Wushang Dream Times Square and separated from Baotong Temple Street.
For many Wuchang citizens, it was once a bright business star in Wuchang District.
According to the "Wuchang District Chronicle", "Wuhan Asia Trade Plaza Co., Ltd." (hereinafter referred to as "Asia Trade Plaza") was established on the basis of 12 small state-owned enterprises such as Wuluo Road vegetable market, department stores, non-staple food, restaurants, etc., with a total area of 15,000 square meters, a total construction area of 120,000 square meters, a building height of 115 meters, and a total investment of 500 million yuan, which is the largest commercial investment project in Wuchang District since the founding of the People's Republic of China.
The podium mall opened on 28 December 1996. In a newspaper advertisement that year, the Asian Trade Plaza announced the launch of the "Ten Practical Things" opening promotion, including "special car transfer", "free drinks", "birthday gifts", "half price and half an hour a day" and other innovative forms of promotion.
According to the "Wuchang District Chronicle", the mall sold 3.4 million yuan on the opening day, with a flow of more than 500,000 people, and set a new opening record in Wuhan's business community with a cumulative sales of 11 million yuan in the first three days of opening.
For a long time, Hubei Wushang Group, a leading business group, has been committed to the development of the strategic thinking of "one river and two banks", and actively laid out the south and north of the Yangtze River. In May 2002, Wushang Group and the Asian Trade Plaza "joined forces", and the Wushang Asian Trade Plaza was born, and the surrounding businesses became more and more prosperous. Affordable pricing, promotions, and convenient location have also made it a popular place for college students to shop, meet and relax, and the area has become a new commercial shopping center in Wuchang District, hence the name "Asia Trade Business District".
The business will be undertaken by Wushang Dream Times
Unlike many shopping malls that have closed their stores in recent years due to renovation and upgrading, the closure of Wushang Asia Trade Plaza stems from the "expiration of the contracted lease".
On the evening of August 6, Wushang Group (000501.SZ) issued an announcement that Wushang Group Co., Ltd. leased the podium of Wuhan Asia Trade Square Co., Ltd. located at No. 628 Wuluo Road, Wuchang District, and operated by the branch Wushang Group Co., Ltd. Asia Trade Plaza Shopping Center, the lease term of the place is about to expire on August 31 this year, in view of the fact that the Asia Trade Plaza is adjacent to Wuhan Dream Times Square Co., Ltd. (hereinafter referred to as "Wushang Dream Times"), Taking into account the actual operation of the Asian Trade Plaza and the needs of the company's strategic planning, in order to further optimize the allocation of resources and organizational structure, it is decided not to renew the lease of the business premises of the Asian Trade Plaza, and after the relevant business and personnel are properly arranged, the Asian Trade Plaza is planned to be cancelled.
In the early morning of August 7, Wushang Asia Trade Plaza has successively replaced a number of outdoor light signs of "Closing Clearance and Curtain Call", and in the mall, the staff is also actively preparing for the upcoming closure and clearance.
According to the official Weibo tweet, the gold, beauty, men's, women's, and footwear of Wushang Asia Trade Plaza will open clearance promotions on the same day, and most brands will start from "1% off" and will last until August 31.
At the same time as announcing the closure and clearance of stores, Asia Trade Plaza also explained the relevant rights and interests of consumers after the closure of business, including e-membership points, e-gift certificates, etc.
"The closure of the store does not mean the end, but a new starting point for the strategic layout of Wushang Group."
On August 7, the relevant person in charge of Wushang Asia Trade Plaza told the Hubei Daily all-media reporter that as an important member of Wushang Group, Wushang Asia Trade Plaza has always adhered to the strategic layout of "one river and two banks", deeply cultivated the Jiangnan business district, and won the trust of customers with high-quality goods and considerate services. In the period leading up to the closure of the store, we will continue to provide high-quality services to the public to ensure that every customer's shopping experience is guaranteed.
[Source: Hubei Daily]
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