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Financial crisis electronics retailer stuck "closures" by ayay wang
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Financial crisis electronics retailer stuck "closures" |
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Business,Business News,Business Opportunities
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Following the closure of our old store Tai Lin electrical appliances and Japan one after another came after the retail giant filed for bankruptcy, the second-largest U.S. electronics retailer CircuitCityStoresInc. (Hereinafter referred to as CCS) are also in trouble because of financial operation time on November 10 in North America filed for bankruptcy protection, today announced the financial crisis hit the global consumer confidence is gradually spreading. Analysis, the plight of overseas electrical retailers with multiple layers of reasons, the financial crisis is triggered by these deep-seated problems of "fuse" and also reminded the United States
Suning
Chain management in the funds tend to be more cautious.
Chinese companies involved
CCS in this week filed for bankruptcy protection, said the only pressure for a large backlog of such an unwise move, while the company also admitted a week ago that two percent of the stores to reduce the number of attrition, after more than a thousand people, also laid off 700 headquarters, and turn off one-fifth of the United States branch. This is almost a financial crisis in the United States first filed for bankruptcy protection in large-scale retail enterprises. According to overseas media reports, CCS filed for bankruptcy protection, will be allowed to continue operating while restructuring. CCS was founded in 1949, the current capacity of 4.5 million employees in the United States a total of 721 retail stores in Canada, a total of 770 retail stores and distribution partners.
Its 2007 sales of 11.74 billion U.S. dollars, currently has assets of 3.4 billion U.S. dollars, the debt was 23.2 billion U.S. dollars, which owes 119 million U.S. dollars and Hewlett-Packard
Samsung
E 116 million U.S. dollars of debt, is worth noting that Chinese enterprises, Lenovo and Haier are the list of in debt. But because China
Home Appliances
Own brand export enterprises to the proportion of very small, analysts believe that Chinese companies filed for bankruptcy protection by the CCS should be minimal.
Number of foreign home appliance retailer to close
Before that, by the financial crisis, global emergence of electronics retailer, with different degrees of risk. Veteran Hong Kong electrical appliance retailer Tai Lin in Hong Kong in mid-October the High Court for compulsory winding-up, this has 14 stores, was founded in 1946, the old home appliance retailer become another blown down by the U.S. financial crisis, a well-known enterprises . In Japan, Tokyo's largest shopping district Akihabara area home appliances IT veteran computer specialty store 99 Motor filed for bankruptcy on Oct. 30. Sakae, Japan's second-largest home appliance chain Electric Power Group Ishimaru also announced the company's PC Museum on November 3 officially closed their doors.
The industry and more concern is the setback of the global consumer confidence in the mainland's two home appliance chain how much a giant? Chen Xiao, Gome and Suning president Sun Weimin, president at the time interviewed considered that, although the financial crisis on the domestic market, the purchasing power of a certain extent, but the market does not necessarily comparable.
Recent overseas electronics retailer in trouble
The nation's second-largest consumer electronics chain CCS11 10 month announced the closure of the two into a store and lay off thousands.
99
Tokyo Akihabara Electric filed for bankruptcy on Oct. 30.
Japan Ishimaru Akihabara Electric computer store officially closed on November 3 went out of business.
Japan's 10th largest electrical appliance chain LAOX Zhuangzi's closed all 12 stores.
Largest Tweeter Home Entertainment Group closed 100 stores. I am China Crafts Suppliers writer, reports some information about leather rifle cases , children's flight suit.
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