China Retail GOME Bestbuy

The wonderful world of China retail is never short of a story or two, and the ever-competitive appliance sector is a case in point – and includes educational elements with broader application.

Research company Access Asia reports that strong appliance sales growth in China has been achieved alongside lack of pricing controls (price competition being common corporate killer), and that “it finally appears that the long awaited shakeout in the industry is occurring” (China’s provincial industry structure has often resulted in highly fragmented markets, but this is changing).