In a bid to hold on to its number one position in personal computer sales, Hewlett-Packard will ramp up its retail presence across India.
The company has around 300 outlets right now, which are excusive through franchise model.
LG Electronics Inc. is expanding the number of its retail stores in emerging markets as it seeks to increase smartphone market share and gain a stronger global presence in consumer electronics.
Executive Vice President Kim Ki-wan said the company plans to increase the number of overseas retail stores this year from more than 3,000 currently and open new stores in India, the Middle East and Africa.
Vodafone India launched its first store run entirely by women employees in Hyderabad on Tuesday.
This is the 13th such store of the company in India, operating under the brand name "Vodafone Angel Store".
Foxconn Electronics (Hon Hai Precision Industry) has dismissed rumors that it is closing its Cybermart IT retail operations in Taiwan. Rumors about Cybermart, a retail chain in China and Taiwan under the Foxconn Group, quitting the Taiwan market have spread after several of its high-ranking executives reportedly left the company in January.
Samsung Electronics is aiming to reach 500 million in handset shipments throughout 2013, according to industry supply chain sources.
Google aims to ship as many as eight million competitively priced second generation Nexus 7 tablets starting in July.
Swiss luxury watchmaker Tag Heuer is launching the new Sub Nano, the latest luxury mobile phone model from its Racer collection of mobile phones. Produced in a Limited Edition of 500 pieces, Tag Heuer’s Racer Sub Nano is the first luxury mobile phone to feature the revolutionary Waterblock technology, which protects internal electrical components from water and moisture by a nanometer-thin, repellent barrier.
China Unicom expects to sell 90 million WCDMA phones this year, a 50 percent annual jump, as the company taps its high-speed 3.5G mobile network and cooperation with global mobile brands, the country's No. 2 mobile operator said.
Gome Electrical Appliances, the second largest home appliance retailer in China, plans to close more stores to boost profit margins after reporting a narrower-than-estimated loss last year.
The Beijing-based retailer said in a filing on Monday that the net loss for the year to December was CNY597 million (USD96.1m), compared to a net profit of CNY1.84 billion in 2011.
During the period, the company cut the number of retail stores to 1,049 from 1,079, following the opening of 107 new stores and the closure of 137 underperforming outlets.
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