Latest News:  
Beijing   Overcast/Shower    29 / 21 ℃  City Forecast

English>>China Business

Major online retailers extend price war to high street


15:20, August 18, 2012

BEIJING, Aug.17 (Xinhua)-- The ongoing price wrestle between Chinese online retailing giants has spread from the virtual world as the country's home-appliance retailers continue to struggle to survive amid sluggish market conditions.

After offering massive discounts on its online shopping portal, Suning Appliance, the country's top retailer in terms of sales in 2011, has announced the dropping of prices of major home appliances in its stores in Beijing to the same levels as those online.

Meanwhile, Gome Electrical Appliances also promised rewards to consumers if they find prices in Gome's offline stores higher than items sold by rivaling e-commerce giant 360buy Jingdong Mall.

But it remained questionable to what extent the traditional retailers can withstand the price war, which started on Wednesday morning, as both online and offline home appliance retailers are suffering pressure from sluggish sales in a gloomy market.

A report jointly released by international auditing firm Deloitte and the China Chain Store and Franchise Association (CCSFA) on Friday showed that Chinese chain retail stores saw sluggish or even declining sales growth from the second half of 2011 due to rising costs and fierce competition.

【1】 【2】 【3】

News we recommend:
Has the bear outstayed his welcome? Steel profits continue to suffer China has entered an era of low consumer prices
Firms should watch out for Internet threats China's property market to cool down: experts Why have people lost trust in data and indices?
A ruling in Europe gives cheer to China  Online retailers declare cut-throat price war Zones to boost DPRK trade


Leave your comment0 comments

  1. Name


Selections for you

  1. APF detachment conducts drill

  2. Eyes on DPRK

  3. Motorola layoffs spark protest

  4. 140 puppets exhibited in Macao

  5. Cute baby bear

  6. Sexy bikini special forces

Most Popular


  1. Be wary of West powers' attempt on Syria
  2. History proves Diaoyu Islands are China's territory
  3. Nation’s strength backs Diaoyu progress
  4. China, Kyrgyzstan pledge closer cooperation
  5. Who are tomorrow's consumers?
  6. Syrian neighbors different as crisis deepens
  7. Arms sales add fuel to regional security dilemma
  8. China's firms bigger but not necessarily better
  9. Japan should avoid making rash moves amid anxiety
  10. Consumers lose out in price war

What's happening in China

Typhoon Kai-Tak brings storms, gales to coastal cities of S China

  1. Foreigners assist police in south China
  2. China's life expectancy to hit 77 by 2020: report
  3. Nuclear plant to boost safety amid typhoon threats
  4. Pandas being prepared ahead of move
  5. Pretty girls vie for becoming flight attendants

China Features

  1. Is China's low-cost era approaching its end?
  2. Chinese firms provided one-stop services in U.S.
  3. Don't store bread and biscuits together
  4. Eat ducks during Chushu (Stopping the heat)
  5. Special athletes at London 2012 Olympic Games

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai