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, 皇冠体育app'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 )
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