Dealerscope

You will be automatically redirected to dealerscope in 20 seconds.
Skip this advertisement.

Advertisement
Advertisement
 

Shares In China Electronics Retail Titan Suning Tumble As Profit Disappoints

April 27, 2012
Shares in Suning Appliance, China's biggest electronics appliance chain, dropped by 5.3% after it said today net profit in the first three months of the year declined by 15% to $151 million amid rising costs. Operating profit fell by 21% from a year earlier, Suning said.  Revenue in first three months grew by 10% to 22.6 billion yuan, or $3.6 billion.

Suning's report is just the last in a slew of mixed news from a Chinese industry that global retailers have been looking to for growth and profit amid slow growth in the U.S. and Europe.

...

 

Companies Mentioned:

More Suggested Content:

Canalys Sees "Bleak Future" For CE Retail
April 19, 2012 From News
Many more consumer electronics retailers are likely to follow in the footsteps of Circuit City and CompUSA in going out of business. That's according to a report issued this week by research firm Canalys, which sees a "strategic failure" of the CE retailing model. 
 
IFA: Emerging Countries Provide Growth
April 17, 2012 From News
CE sales expected to remain flat in the U.S. and Western Europe during the next year, while emerging countries will provide growth  in many categories.
 

COMMENTS

Click here to leave a comment...
Comment *
Most Recent Comments: