E-commerce leap for Gome Retail
In this article (5)
A 54.24 per cent leap in e-commerce sales has been recorded by Gome Retail Holdings, formerly known as Gome Electrical Appliances Holding, for its first half.
The company’s online-offline total gross merchandise volume grew by 22.87 per cent year on year, while sales revenue rose 7.82 per cent to about RMB38 billion (US$5.7 billion).
Sales from the comparable stores increased by about 2.34 per cent and the consolidated gross profit margin went up by 1.46 points to 17.83 per cent.
As a result, the profit attributable to the owners of the parent eased by 1.61 per cent to about RMB122 million.
The weighted average sales area of the group’s stores was about 5.2 million sqm, with revenue per sqm about RMB7273, up by 12.41 per cent on the first half last year.
Sales revenue from the 1000 comparable stores was about RMB22.9 billion, up 2.34 per cent.
Questions & Answers
Q.What was Gome Retail Holdings' overall sales revenue for the first half?
What was Gome Retail Holdings' overall sales revenue for the first half?
The company's sales revenue rose by 7.82 per cent to approximately RMB38 billion (US$5.7 billion) for the first half. This figure reflects their total performance across all sales channels.
Q.How did the profit attributable to the owners change during this period?
How did the profit attributable to the owners change during this period?
The profit attributable to the owners of the parent company decreased slightly by 1.61 per cent. It stood at approximately RMB122 million for the first half of the year.
Q.What was the revenue per square metre for the group's stores?
What was the revenue per square metre for the group's stores?
Revenue per square metre for the group's stores was about RMB7273. This represents a 12.41 per cent increase compared to the first half of the previous year.
Q.What was the growth in e-commerce sales specifically?
What was the growth in e-commerce sales specifically?
Gome Retail Holdings recorded a significant 54.24 per cent leap in its e-commerce sales. This growth highlights a strong performance in their online business operations.
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