Topic
16 stories in this topic
Gome Retail says its revenue last year fell, but it nearly halved its annual loss as its restructuring program continued to pay dividends. Gome Retail is in the midst of a major transition and restructure from a brick-and-mortar-dominated format into a…
A Gome flagship store has launched on JD, giving the Chinese home appliance retailer access to JD’s more than 360 million active annual customers. “JD.com is pleased to launch Gome’s third-party flagship store on our platform, making home appliances from…
Gome Retail Holdings will speed up its penetration into lower-tier Mainland China markets during the year ahead, with about 1000 stores slated for opening. The move is part of a broader strategy dubbed ‘Home.Living’ in which the retailer is rolling out…
Another Gome profit warning has been issued as the company’s massive restructuring program continues. However the group says the reforms are beginning to show results and while a loss is anticipated for the latest quarter, it will be less than that of the…
Gome Retail’s loss tenfold last year to RMB4.887 billion (US$728 million), compared with RMB450 million in the previous year. The loss – projected early last month in a profit warning – was largely due to massive write downs as the once brick-and-mortar based…
Gome Retail has plunged US$64million into the red as its restructuring program takes its toll. The company took the unusual step of releasing third-quarter financial data, which shows group sales were down 11.2 per cent in the first nine months of the year,…
Gome Retail Holdings has posted a loss attributable to shareholders of RMB457 million for the first half of this year as it continued with implementation of its Home – Living strategic restructure. The loss was a contrast to the profit of RMB122 million in…
Chinese electronics retailer Gome is to expand into India. The move will involve opening a manufacturing centre in India in order to sell its locally made branded products on the Indian market, which will include appliances, smartphones, and televisions to be…
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…
Both online and offline business showed strong growth for electrical appliance retailer Gome Retail Holdings during the nine months to the end of September. Total gross merchandise volume (GMV) of the group for both online and offline grew by 20.04 per cent,…
Alibaba Group says more than US$7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival. And more…
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…
China’s largest electrical equipment retailer Gome has purchased rival Beijing Dahong House Home equipment. Gome paid three.83 billion yuan US$617 million for the chain, which it has successfully managed for the final eight years since pumping mortgage…
LT Business Actual Property is in search of tenants for the buying malls of its large-scale business and residential complicated venture, Tangshan Lerthai Metropolis, within the Chinese language mainland metropolis of Tangshan. The Hong Kong based mostly…
China’s Gome Electrical Appliances boosted online sales by 84 per cent last year helping fuel a 43.5 per cent boost in annual profit. The full year surplus was 1.28 billion yuan, (US$206.2 million). The booming online operation is clearly still growing with a…
Chinese electrical retailing giant Gome plans to open 100,000 ‘micro stores’ in 2015 in a move it says will help it build a retail community of more than 100 million customers. The bold vision is part of a new strategic multi channel plan Gome is embarking on…
