Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gome Reports Increased Q1 Profit
May 11, 2006
 Printable format
 Email this Article
 Search

Consumer electronics retailer Gome Electrical Appliances Holding Ltd., reported a 22-percent increase in first-quarter profit. Gome posted a profit of 153.69 million yuan (approx. U.S. $19.2 million) for the 3-months period.

According to Reuters, the Beijing, China-based retailer said it aims to expand its share of China's electronic retail market to as much as 15 percent by 2008, and open another 120 to 150 stores in 2006. Gome operated 296 stores by the end of March 2006, up from 263 a year ago.

Same-store sales increased 0.68 percent during the quarter, but sales per square m declined 28 percent, as the company's expansion into second-tier cities brought about higher costs.

Back to Daily News

 

Daily News

...........................................................

Aug 22, 2014: Could Quirky Acquire GE Appliances?

Aug 22, 2014: Existing Home Sales Up in July

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows