Date
22 August 2017

Gome shuts 50 stores, moves into malls, paper says

Chinese retailer Gome Electrical Appliances Holdings plans to close about 50 stores across the country in 2014 and partner up with department store chains to explore second- and third-tier city markets, Global Times reported Monday, citing Securities Daily. Facing online competition, Guangzhou Gome is working with Guangzhou Mopark Department Store to operate electrical appliance counters in Mopark malls, the newspaper reported. Gome is also negotiating with Beijing-based retail chain store operator Wumart Group, the report said.

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