Tag: gome

Retail Asia17/03/2020
Gome-Retail-1280x960.jpg
1min0
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’s offline store available to more Chinese consumers online,” said a spokesperson from JD. “JD’s […]

Retail Asia20/05/2019
Gome-Retail-1280x960.jpg
2min0
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 previous period. According to a stock exchange filing, Gome says its loss […]

Retail Asia12/04/2019
Gome-Retail-1280x960.jpg
2min0
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 retailer continued its transformation into a New-Retail-era business, with its focus moving online. On […]

Retail Asia04/12/2018
gome-1024x695.jpg
2min0
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, to $7.3 billion. Total gross merchandise volume (GMV) of the group for […]

Retail Asia30/08/2018
gome-1024x695.jpg
3min0
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 the same period last year. Gome Retail chairman Zhang Da Zhong […]

Retail Asia14/08/2018
gome-1024x695.jpg
1min0
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 sold through multi-brand outlets and online. It has already revealed plans to launch three […]

Retail Asia05/03/2018
gome-1024x695.jpg
2min0
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 Asia04/12/2017
gome-1024x695.jpg
1min0
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, while GMV of online e-commerce business grew by 58.13 per cent. Sales revenue […]

Retail Asia14/11/2016
alibaba-singles-day-1024x683.jpg
5min0
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 than $1 billion was transacted in the first five minutes – from 12 midnight. “Chinese […]

Retail Asia21/10/2015
1min
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 Asia30/06/2015
gome-1024x695.jpg
1min
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 finance into the enterprise. The seller was Beijing Zhansheng Funding Co, with the cost a mix of money […]

Retail Asia24/06/2015
2min
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 developer says the department stores will open within the second quarter of 2016. LT is looking for well-known […]

Retail Asia03/04/2015
gome-store-1024x768.jpg
2min
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 quarter on quarter sales boost of 117 per cent in the three […]

Retail Asia31/03/2015
gome-store-1024x768.jpg
6min
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 this year to bridge the gap between online […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X