Soviet Union A Two-out License Of Their Respective Competitive Style Of Home Appliance Chain - Gome,

Appliances Chain competition continued to show different characteristics

, "the Soviet Union," a two still play all the cards: States United States Commitment to reduce the financial pressure to improve Marketing Effective, Suning Continued to expand and strengthen the national distribution of the expansion of overseas markets.

Last Friday, Gome Announced its closing on March 31 in the first quarter of 2010 earnings. Report revealed that the company achieved operating income of 11.782 billion yuan, up 20.2% over last year; a net profit of 332.6 million yuan, up by 3.42%.

Profit growth figures from the State's financial reporting in the United States a little less surprising. However, the financial report also reveals some of the company was pleased that the bright spot?? States U.S. per square meter stores this season Sell And the average single-store sales grew over the same period in 2009, 38.8% and 39.6% compared to the fourth quarter of 2009, the chain increased 10.7% and 13.0%.

The past, the country has been an alarming expansion of the U.S. speed and through a series of mergers and acquisitions means to achieve the scale of the amazing store known for its low operating efficiency of a single shop has been criticized by the industry. " Huang Guangyu Event ", the Chen Xiao as chairman and president in power, it begins to weed out the superfluous and unqualified behind the store to implement the adjustment, is committed to enhancing operational efficiency. Last year, the country made out of 100 U.S. store behind the planning, including Jiangxi, etc. has set off a wave of over concentration of related shops. Last year in July, the country responsible for store operations for a small U.S. vice president, Sun told the "Daily Economic News", 100 behind the store has weed out the superfluous and unqualified completed, then the transformation will be focused on re-store installed.

A quarterly filing, the last three months, the country shut down 13 U.S. strategic low efficiency of stores and 15 new stores and renovation of 13 outlets. Return to positive growth in the number of stores, which seem to show the country's strategic expansion in the United States generally has to end stagnation. Which, in Shanghai Zhongshan Park to open a flagship store, and after the country first shop in Shanghai Changning point the United States a few hundred meters in the Changning Suning flagship store on the formation of pincer attack, seems to indicate that States United States once again showed a strong offensive side.

Store chain reaction-type efficiency in the financial newspaper reflected a series of positive information. To achieve the same revenue increased by 20.2% to RMB 11,782 million. Operating profit last year surged 65.7% to RMB 532 million, consolidated gross profit margin and therefore from the same period last year from about 15.8% to 16.7%.

Xiao-quarter earnings on a quite satisfactory performance. His "Daily Economic News" that three months of this year's operating performance has returned to normal levels over the same period in 2008, which proved that the transformation of the country the United States the previous year, adjust the strategy has worked.

In fact, the country most concerned about the U.S. now may be how to maintain management stability and financial pressures ease. Gome chief financial officer, said Wei Fang, profit growth is mainly due to less release of last year's new 2014 and 2016 convertible bonds has increased financial costs, this financial cost as much as 130 million yuan, is 1.69 over the same period last year times.

5 11, State Board of Elections have experienced beautiful storm. Gome Huang Guangyu largest shareholder and its associates, shareholders rejected the Annual General Meeting to vote against the foreign shareholder of three representatives of Bain Capital to the board. State emergency meeting that night by the U.S. Board on behalf of the three Mingbei En appointed non-executive directors, to avoid the investment agreement had agreed to reach 2.4 billion in compensation payments.

State Board to reiterate the United States settled on the support of Bain and Bain on the country the importance of the United States. And Bain said, promising the country the United States, and proposed change before the next general meeting of its convertible bonds are now held by the company equity.

Fang Wei said Bain investment holdings of convertible bonds in 2016 accounted for 65 million yuan expenditures, related expenses throughout the year will reach 260 million yuan.

by:gaga

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