Foxconn, the world’s largest electronics manufacturer, has made plans to open up to ten thousand retail stores in China within three years.
According to China Daily, in September Foxconn developed a blueprint that will see the manufacturer invest ten billion Taiwanese dollars into the establishment of an extensive chain of Chinese retail outlets, focusing on the "three Cs" – communication, computer and consumer.
The move is likely to have been spurred by the recession that has seen the giant report negative growth for the first time in ten years. It has been suggested that the retail footprint will assist Foxconn in garnering manufacturing contracts from Western companies seeking a foot hold in the Chinese market.
Although it is not yet confirmed exactly what the retail stores will sell, Foxconn currently manufactures products for a number of well known brands, including Apple’s iPhone, iPod, Mini Mac and iMac, Sony’s Playstation and Vaio laptops, the Amazon Kindle, Microsoft’s Xbox 360, the Nintendo Wii and a variety of Nokia phones among others.
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Dixons reports growth in UK sales in latest statement May 10th 2012 at 9:14PM
- TP-Link partners with Asda May 9th 2012 at 2:46PM
- Are you selling the Connected Home? May 2nd 2012 at 12:53PM
- Clare Rayner: Climb the 10 Steps to Retail Success May 2nd 2012 at 11:43AM
- Tesco sees UK profits fall Apr 18th 2012 at 10:51AM
- Serif agrees Asda deal Apr 17th 2012 at 2:27PM
- NCsoft gives headstart to gamers who pre-purchase Guild Wars 2 Apr 12th 2012 at 9:34AM
- Have you signed up for the PCR Retail Boot Camp? These dealers have... Apr 12th 2012 at 9:06AM
