Chinese electronics and home appliances retailer Gome has published its annual results for 2011, stating that sales in its listed company increased by 17.5 percent year on year to CNY59.821 billion (USD9.49b), while its gross profit increased by 16 percent year on year to CNY10.859b.
During 2011, the group focuses on both store efficiency and network development. While further expanding its store coverage, the group achieved good results in implementation of new ERP information system; optimisation of supply chain and logistic chain; development of e-commerce; and enhancement of its 3c business. In addition, it continued to work with telecom operators, improved diversified operations, and promoted the construction of ODM and OEM systems to raise the group’s overall profit ability.
(Source: China Sourcing News)