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.

With the local epidemic situation easing, the crowds of department stores have obviously returned, which has boosted consumer sentiment and has also driven up buying momentum and sales. Due to the rebound of customers and the buoyant market, the Zhubei Store has delivered outstanding performance. It achieved a profit in the first year of operation and exceeded the original target. Other existing stores also delivered good results with growth. Driven by the double boost of successful store expansion and growth of existing stores, FEDS’s sales in 2022 hit a new high in 55 years, reaching NT$57 billion, a 22% growth compared to the previous year, with an EPS of NT$1.37, up 59% YoY. The sales surpassed NT$58 billion, setting a new record high.