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Gome to close six stores and exit HK retail market
Gome Electrical Appliances Holding Ltd, one of China's leading electronics retailers, said on Sunday it will exit Hong Kong's retail market. The company said its six stores in Hong Kong will begin to shut down on Feb 1, affecting about 100 employees. The retail giant said in the statement that it will turn its retail business into a bulk trade business, to take advantage of Hong Kong's geographical and commercial strengths to expand its international procurement business.
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