Gome looks to e-commerce after posting loss in first nine months

Gome Electrical Appliances, China's second-largest seller of home appliances, is betting on e-commerce to reverse declining sales after reporting a loss in the first nine months.

The Beijing-based retail chain posted a net loss of 687 million yuan (HK$846 million), compared with a profit of 1.79 billion yuan for the same period a year earlier, it said in a filing with the Hong Kong stock exchange.

via Business feed http://www.scmp.com/business/companies/article/1086405/gome-looks-e-commerce-after-posting-loss-first-nine-months