Owned stores are in!
By Ding Qingfen | China Daily | Updated: 2009-04-10 07:49
Household appliances makers, both domestic and foreign, are now investing in exclusive retail outlets on the mainland to beat dwindling margins and low visibility from selling their wares at big-format electronic retailers, chiefly Gome and Suning.
The move has been undertaken more as a means to help these appliance makers enhance their brand value and awareness among Chinese consumers, rather than giving them a quick leg-up in competition against organized retail chains, analysts said.
In March, Bosch Siemens invested 4 million yuan in a 210-sq-m store in the bustling commercial area of Nanjing.
Photo