Beijing Saite Shopping Center recently announced that it will officially close at 18:00 on March 31, 2008.

Many Beijing residents and foreign tourists were surprised.

After all, it is a shopping experience center with a large scale and a good reputation.

So why is Beijing Saite closed, and when will it be resumed?

In the early morning of March 1, 2008, Beijing Saite Department Store Co., Ltd. issued an announcement stating that due to the company's business adjustments, Saite Supermarket will cease operations at 18:00 on March 31.

The reporter learned that after the store is closed, the Seth Shopping Center will be upgraded within the year, and the upgraded Seth Shopping Center will be renamed "Site Bile City".

The announcement also showed that starting from March 1, 2008, the membership rights of the Saite Supermarket membership card have been adjusted.

Starting from March 1, 2008, we will stop applying for new membership cards, including physical membership cards and online electronic membership cards; starting from March 1, only the discount function will be retained for swiping purchases with the membership card, and the points function will be stopped; the membership card will be open until March 31

The supermarket is closed on that day and all points will be reset after that.

Membership cards (including physical cards and online electronic membership cards) are valid until the supermarket closes.

It is understood that the Scitech Shopping Center was closed at the end of June 2008, except for the supermarket.

Starting from July 1st, the official WeChat account of the mall has been changed from "Saite Shopping Center" to "Saite Supermarket", and the promotion scope has been changed from the entire Saite Shopping Center to only the supermarket on the basement floor. The membership functions under the official WeChat account remain unchanged.

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In fact, the mall has invited real estate developer Country Garden to "enter the market."

Both parties formed new companies to split the entire mall's operating rights in two.

The supermarket on the ground floor will continue to be operated by Saite Department Store, and the rest will be operated by a new company funded by both parties.

In September last year, Saite Group and Country Garden Business and Travel Group officially signed a cooperation agreement on the "Beijing Saite Bile City" project. The two parties established a joint venture "Beijing Saite Bile City Commercial Management Co., Ltd." to renovate and renovate the Saite Shopping Center.

Management will begin in the first half of 2008 and be completed in the second half of 2008.

According to reports, the renovated Seth Shopping Center will be renamed "Site Bile City" and positioned as a high-end shopping mall.

On the basis of breaking the original department store model, we will re-adjust the existing business format and introduce new brands.

At the same time, it will also incorporate experience, art and other businesses, including specialty food, boutique supermarkets, international fashion, beauty and skin care, etc.