Zhao Hui took this opportunity to report the mall's overall tenant recruitment and adjustment plan to them.
In principle, there wouldn't be any major changes, but the first floor would undergo a brand upgrade.
Previously, at Jiangzhou Wansheng Square, the focus on rent was so high that some premium brands with a lower capacity to pay were not brought in.
Zhao Hui had discussed this with Xu Jun and reported it to Xu Wu. They agreed this was a case of killing the chicken to get the eggs, a practice that had to be corrected.
Therefore, in this round of adjustments, some of the mid-range or lesser-known brands on the first floor that had secured prime spots by paying high rent would either be moved to an upper floor or have their leases non-renewed.
Given Junxiao Square's current foot traffic and the mall's subsidies, tenant recruitment was very easy. Moreover, Zhao Hui had appropriately lowered the rent threshold for some good brands, which further facilitated partnerships.
