Gome Electrical Appliances Holding Ltd

Entity type image
Type: Company
Name: Gome Electrical Appliances Holding Ltd
Nationality: Bermuda
First reported 20 hours ago - Updated 20 hours ago - 1 reports

Online sales run wild as JD promos draw competition

Online sales reached a fever pitch Tuesday as more sellers got involved in a head-to-head competition with JD.com, which has instigated a price war with its sales promotions to celebrate its 10th anniversary.At the end of May this year, JD.com declared ... [Published Global Times - 20 hours ago]
First reported Jun 12 2013 - Updated Jun 12 2013 - 1 reports

China's Gome Gross Margin Declines While Closing 43 Stores In Q1 2013

Gome Electrical Appliances Holding Limited published its performance results for the first quarter of 2013, stating that its sales reached CNY12.338 billion, a year-on-year increase of 18.2%; and its net profit was CNY76.33 million while it made losses ... [Published ChinaTechNews.com - Jun 12 2013]
First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Hong Kong Stocks Tread Water, But Banks Sink

LOS ANGELES – Hong Kong stocks moved sideways Tuesday ahead of a holiday, but with banks and property developers trading mostly lower. The Hang Seng Index sat flat at 21,617.81, with the Hang Seng China Enterprises Index down 0.4% as mainland Chinese ... [Published FOXBusiness.com - Jun 11 2013]
First reported Jun 10 2013 - Updated Jun 10 2013 - 1 reports

GOME (00493) to boost '13 gross margin to at least 18%

(Infocast News) GOME Electrical Appliances Holdings Limited (00493) aims at increasing its gross profit margin significantly from 2012 to at least 18% in 2013, but does not expect a return to the high level in 2011, chief financial officer Fang Wei said ... [Published InfocastFN.com - Jun 10 2013]
First reported Jun 07 2013 - Updated Jun 07 2013 - 2 reports

A lesson in the art of online retail war

Gome Electrical Appliances Holdings Ltd, one of China's largest home appliance retailers, announced Wednesday that it had reached an agreement with Taobao which will see it open an online store on the e-commerce goliath's business-to-consumer (B2C) shopping ... [Published Big News Network - Jun 07 2013]
First reported Jun 06 2013 - Updated Jun 06 2013 - 1 reports

GOME to Open Online Shops on Tmall.com

Chinese top retailer GOME Electrical Appliances Holding Limited (SEHK: 0493) has formed strategic cooperation with Tmall.com, opening five branded online shops on the platform of the latter. Afterwards, their cooperation will be extended to supply chain ... [Published Individual.com - Jun 06 2013]
First reported Jun 05 2013 - Updated Jun 05 2013 - 1 reports

Gome joins Tmall

Home appliance retailer Gome and Tmall, a B2C unit of Alibaba Group, jointly unveiled their partnership on Wednesday, the latest signal of a consolidation trend between online and brick-and-mortar businesses.Gome Electrical Appliance Group will first ... [Published Global Times - Jun 05 2013]
First reported May 31 2013 - Updated May 31 2013 - 1 reports

GOME Q1 Continues Earning Profit

GOME Electrical Appliances Holding Limited (SEHK: 0493) revealed sales revenue of CNY 12.338 billion for the first quarter of 2013, rising 18.2% year on year. Net profit reached CNY 76.33 million while the company lost CNY 13.1 million a year ago. However, ... [Published Individual.com - May 31 2013]
First reported May 31 2013 - Updated May 31 2013 - 1 reports

Gome reports revenue of $1.98 billion

Gome Electrical Appliances Holding Ltd, one of the largest privately owned electrical appliance retailers in China, had revenue of 12.3 billion yuan ($1.98 billion) in the first quarter this year, according to a financial statement released by the co ... [Published CHINAdaily - May 31 2013]
First reported May 31 2013 - Updated May 31 2013 - 1 reports

UBS cuts GOME (00493) target price to $0.58

PM (Infocast News) UBS said in its research report that GOME Electrical Appliances' (00493) 16% quarter-on-quarter earnings decline in the first quarter was due to the Dazhong consolidation. Excluding Dazhong, earnings in the first quarter rose 31% on ... [Published CCB International - May 31 2013]
First reported May 30 2013 - Updated May 30 2013 - 2 reports

Gome outshines expectations in Q1

Gome Electrical Appliances Holdings Ltd, one of China's largest home appliance retailers, reported Thursday a better-than-expected business performance in the first quarter of this year, turning a loss of 13.1 million yuan ($2.13 million) in the same ... [Published Global Times - May 30 2013]
First reported May 30 2013 - Updated May 30 2013 - 1 reports

GOME (00493) turns around, Q1 NP RMB76.33M

(Infocast News) GOME Electrical Appliances Holding Limited (00493) announced that for the first 3 months ended 31 March 2013, net profit amounted to RMB76.33 million, compared to the net loss of RMB13.1 million for the same period last year. Revenue for ... [Published InfocastFN.com - May 30 2013]

Quotes

"In the past, online sellers tried to woo consumers with low prices, but from now on they are putting their profits first" Chen Shousong, an independent analyst, told the Global Times Tuesday
...He further added that "Labor market conditions have improved since last summer, suggesting the Committee could slow the pace of purchases, but surprisingly low inflation readings may mean the Committee can maintain its aggressive program over a longer time frame."
"We are willing to extend our competitiveness in the TV sector through mergers and acquisitions" said Chen
"For individual e‑merchants, the most crucial advantage of selling through a marketplace is tapping into the huge aggregated traffic flow that these sites have already built" researchers wrote

More Content

All (29) | News (26) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
sort by: Date | Relevance
Online sales run wild as JD promos draw competi... [Published Global Times - 20 hours ago]
China's Gome Gross Margin Declines While Closin... [Published ChinaTechNews.com - Jun 12 2013]
Pre Market Briefing, 'Euro-zone investor confid... [Published Proactiveinvestors United Kingdom RSS feed - Jun 11 2013]
Hong Kong Stocks Tread Water, But Banks Sink [Published FOXBusiness.com - Jun 11 2013]
Hong Kong shares seen weaker ahead of Dragon Bo... [Published Sharenet - Jun 11 2013]
GOME (00493) to boost '13 gross margin to at le... [Published InfocastFN.com - Jun 10 2013]
A lesson in the art of online retail war [Published Big News Network - Jun 07 2013]
A lesson in the art of online retail war [Published Global Times - Jun 07 2013]
Gome.com.cn Teams up with Tmall.com [Published Individual.com - Jun 07 2013]
GOME to Open Online Shops on Tmall.com [Published Individual.com - Jun 06 2013]
Lenovo, Sharp unveil new smart TV products [Published CHINAdaily - Jun 06 2013]
Appliance Retailer Gome Joins Tmall as Marketpl... [Published Alizila - Jun 05 2013]
Gome joins Tmall [Published Global Times - Jun 05 2013]
Air purifier sales offer hope for retailers [Published China.org.cn - Jun 04 2013]
Apple to Set up Cooperative Counter in Other Sa... [Published Individual.com - May 31 2013]
GOME Q1 Continues Earning Profit [Published Individual.com - May 31 2013]
Gome reports revenue of $1.98 billion [Published CHINAdaily - May 31 2013]
China shares set for best month in 2013, outshi... [Published Sharenet - May 31 2013]
UBS cuts GOME (00493) target price to $0.58 [Published CCB International - May 31 2013]
Hong Kong shares seen starting higher, but set ... [Published CNBC - May 31 2013]
Gome outshines expectations in Q1 [Published Global Times - May 30 2013]
GOME (00493) turns around, Q1 NP RMB76.33M [Published InfocastFN.com - May 30 2013]
GOME back to black in Q1 with profit of 76.3 ml... [Published Sharenet - May 30 2013]
Adding value to private equity [Published Yahoo! Malaysia - May 27 2013]
China Holiday Sales Seen Gaining as Economy Str... [Published Infoseekchina - Feb 08 2013]
Coming of age: China’s used car market outpaces... [Published Infoseekchina - Feb 02 2013]
Gome to consolidate online business for larger ... [Published People.com.cn - Dec 05 2012]
Microsoft boosts China presence [Published People.com.cn - Sep 07 2012]
Biography for Huang Guangyu [Published Able2Act - Feb 28 2006]
1
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network

Blogs

sort by: Date | Relevance
China Holiday Sales Seen Gaining as Economy Str... [Published Infoseekchina - Feb 08 2013]
Source : Bloomberg News From free hand pouches at Coach Inc. to discounts on flat-screen televisions at Gome Electrical Appliances Holding Ltd., retailers are dangling promotions to lure Chinese shoppers during next week’s Lunar New Year holiday. ...
Coming of age: China’s used car market outpaces... [Published Infoseekchina - Feb 02 2013]
Source : Reuters By Fang Yan and Norihiko Shirouzu (Reuters) – Used car sales in China grew faster than new car sales for a second straight year in 2012, and should account for half of all sales within seven years as the world’s biggest autos market ...
1
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2013 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.