The rapid changes in the consumer market are the core of competition in the department store retail industry and the basis of operations. Far Eastern Department Stores incorporates innovation and market differentiation into its business philosophy to create high-growth EPS (earnings per share) performance. At the same time, it also implements corporate responsibility in ESG (environment, society, and corporate governance) to be a department store benchmarks, leading the sustainable operation of enterprises, and also driving the sustainable performance of Taiwanese society.

In 2023, the department store market got rid of the impact of the COVID-19 epidemic, and the reappeared crowds of consumers brought strong consumer demands. According to data from the Statistics Division of the Ministry of Economic Affairs, the sales of Taiwan’s department store market reached a record high of NT$449.2 billion in 2023, an increase of 14% over the previous year. FEDS seizes opportunities in consumption and creates business opportunities. Through counter adjustment, the introduction of new products, the holding of diversified activities to attract customers and marketing activities and other strategies, FEDS achieved very good operating performance. Its performance in 2023 broke the historical record once again, setting a new peak in 56 years, reaching NT$60.8 billion in revenue, an increase of 7% over the previous year. Operating profit was NT$2.78 billion, an increase of 14% over the previous year. Both revenue and operating profit hit record highs.