Saturday, February 9, 2013

Struggling Gome hopes the worst is now behind it





Is the worst over for Gome Electrical Appliances? That is the question many are asking after the Beijing-based appliance retailer weathered a series of setbacks over the past month.


Two weeks ago Gome said in a filing to the Hong Kong Stock Exchange that it may record a loss for 2012, because of declining sales, increasing rental expenses, and losses in its e-commerce business.









via Business feed http://www.scmp.com/business/companies/article/1146370/struggling-gome-hopes-worst-now-behind-it

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