What are the success factors of the four major department stores in Guangdong?

Seize the historical opportunity and innovate the business model.

1 and the four major department stores were founded in the late Qing Dynasty, when China began to open to the outside world and its economy began to develop rapidly. This provides a huge opportunity for commercial activities, and the four major department stores of Guangdong merchants seized this historical opportunity and started large-scale commercial activities.

2. The four major department stores innovated their business models at the beginning of their establishment, transforming traditional grocery stores into department stores, providing more abundant goods and services to meet people's growing shopping needs.