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Electrical appliance retailer Gome Retail has issued a profit warning despite a strong year, the result of impairments and financial costs. During the 12 months to the end of December the group launched its “Home Living” strategy, a blueprint aimed at helping…
A drop in profit resulting from the implementation of a strategic transformation plan is predicted by Gome Electrical Appliances Holding for its latest six months. The group says it expects its results will improve once the “Omni-Channel, New Scenario, Strong…
Chinese electrical retail giant Gome says sales by its takeover target Artway during the first half year rose 7.85 per cent year on year, to RMB10.858 billion. Same store sales rose 3.66 per cent overall, while in second tier cities same store sales rose 5.93…
Gome Electrical Appliances, the Hong Kong-listed Chinese electrical appliances retailer – is planning to spend $11.268 billion acquiring rival Artway Development. Buying Artway, wholly-owned by Gome’s controlling shareholder, will allow Gome to expand its…
