Date
16 October 2017

Suning sees lower 4Q gross margin, website says

Suning Commerce Group Co. Ltd. (002024.CN), the country’s largest electronics retailer, said its gross margin may fall in the fourth quarter after it stepped up spending on online sale promotions, news website caijing.com reported Wednesday, citing the company. However, it expects the figure to stabilize on increased sales of customized and OEM (original equipment manufacturing) products. In addition, a number of logistics facilities under construction are expected to be completed in 2016, the report said. 

– Contact HKEJ [email protected]

TL/AC/RA

 

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