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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 Electrical has opened 117 stores in six months on its way to an 8.8 per cent increase in sales for the half year. Total sales revenue was RMB 31.69 billion and its consolidated gross profit margin was 17.7 per cent. The store network expansion program is…
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