JD.com is offering solutions to sinking brick and mortar bookstores by offering them useful solutions to help keep them in the game. JD.com is making it so that many bookstores in China will be able to stay in business instead of going under. The age that we live in is a technological era, and more and more people are shopping online rather in the more traditional way of going to a physical store and picking things out.
China’s biggest retailer, JD.com, has its very own online book business and the company offers everyday business solutions to its many clients such as book procurement, technology, and logistics. The company has 49 offline bookstores, and that includes AIO SPACE and Yitiao. Under JD.com’s successful strategic plan, the company is able to provide an array of technology as well as services to many different companies that range from consumer goods to restaurants and even manufacturing.
They are able to help modernize supply chains as well as drive sales up for their offline stores. Tangning Books now has two locations, and Tangning Books as JD.com work together to source the books for JD.com’s inventory as well as to provide replenishment services. Since their partnership, Tangning Books has seen a significant increase in profits, as well as reduced turnover and they, have gained useful insight into their customers’ shipping behaviors. This has made it easier for them to corner the market and to tailor their services to their customers better.
Another benefit to offline bookstores is that there is no space restriction. It is just not possible to stock every single book that every customer wants in a physical store, because there is not enough room. But with an online store there is limitless space. Companies can work in collaboration in order to provide more choices for customers while sharing in the overall sales so that everyone wins. See Related Link to learn more.
JD specializes in many different areas, and their services can help many different companies. They have already helped many companies cut costs and to increase sales, so they can stay in business and also become very successful.
Related Reference: https://finance.yahoo.com/quote/JD/community/