artway

Retail Asia05/03/2018

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 it evolve into a one-stop provider, going beyond the traditional home-appliance retailer. Based […]

Retail Asia02/08/2016

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 Linkage” strategic transformation has been completed. Based on a preliminary review of the latest management accounts […]

Retail Asia21/10/2015

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 per cent, demonstrating the success of Artway’s focus on smaller […]

Retail Asia29/07/2015

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 presence from 269 cities to 436 cities across Mainland China. More importantly, it will significantly boost Gome’s distribution and supply chain […]

Tag: artway

Gome Electric issues profit warning

Gome Electrical Appliances in transformation

Artway sales surge

Gome in $11.3bn bid for Artway