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BIZCHINA / Light Industry |
Gome acquisitions to bring AV, IT sales to 50 percent of totalBy ()
Updated: 2007-06-28 15:52 Gome Electrical Appliances Holding, China's largest consumer electronics retailer, will pursue a series of acquisitions to help bring audiovisual and IT sales to a target level of 50 percent of overall revenue within five years, said Gome president Chen Xiao. Chen said the company is looking at a number of retail chains, including one based in a major Chinese city. In 2006, Gome's sales of audiovisual and IT products made up 28 percent of sales. Chen said Gome currently has a digital appliance market share of about 10 percent, while its share of traditional appliances is between 40 and 60 percent in leading cities. (For more biz stories, please visit Industry Updates)
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