E-commerce leap for Gome Retail

A 54.24 per cent leap in e-commerce sales has been recorded by Gome Retail Holdings, formerly known as Gome Electrical Appliances Holding, for its first half.

The company’s online-offline total gross merchandise volume grew by 22.87 per cent year on year, while sales revenue rose 7.82 per cent to about RMB38 billion (US$5.7 billion).

Sales from the comparable stores increased by about 2.34 per cent and the consolidated gross profit margin went up by 1.46 points to 17.83 per cent.

As a result, the profit attributable to the owners of the parent eased by 1.61 per cent to about RMB122 million.

The weighted average sales area of the group’s stores was about 5.2 million sqm, with revenue per sqm about RMB7273, up by 12.41 per cent on the first half last year.

Sales revenue from the 1000 comparable stores was about RMB22.9 billion, up 2.34 per cent.

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