Parker and the Shadows of Yesterday Chapter 169

In the sixth year of the Republic of China, on June 15, 1915, Guanbei Department Store was officially established. It was the third Chinese-owned department store in China after Sincere Department Store and Wing On Department Store.

The Kanbei Department Store is called a department store, but its actual operation method is more similar to the supermarkets of later generations. Except for important commodities, the prices of other commodities are all lower than those in ordinary stores, and most of them are left to customers to choose. This business model is fifteen years older than the world's earliest supermarket, the King Cullen Union Store in New York State, USA.

The person who first proposed this business model was Ren Wuchu, director of the Finance Bureau of the Northern Six Provinces. After obtaining Ren Wuchu's consent, Parker Li proposed his plan to establish a department store and open at least ten branches in the Northern Six Provinces at the Northern Six Provinces Chamber of Commerce.

"This is just a preliminary plan." After successfully attracting the interest of Boss Du and others, Parker Li finally pointed out the key point, "If you are interested, you can also invest."

Since most of the banks in the six northern provinces changed their operations and became branches of the official bank accounts of the northern six provinces, their business has been stable and profitable. Many branches have settled their accounts at the end of the year, and their profits are at least 10% higher than in previous years. This made Boss Du and others convinced of Ren Wuchu, the director of the Finance Bureau.