H&M, IBM, QVC and RadioShack Among Buyers with Over US$200 Billion in Annual Revenues That Participated in April Private Buyer Meetings
HONG KONG, May 28 /Xinhua-PRNewswire-FirstCall/ -- Following the success of the Private Buyer Meeting Program held during Global Sources' (Nasdaq: GSOL) April China Sourcing Fairs ( http://www.chinasourcingfair.com ), the company is set to expand these exclusive buyer-meet-supplier meetings at the October Fairs.
(Logo: http://www.prnasia.com/sa/200703271450.JPG )
H&M, IBM, QVC, RadioShack were among the 10 international buying organizations with over US$200 billion in annual revenues that met privately with 68 China Sourcing Fair exhibitors in April.
Global Sources chairman and CEO, Merle A. Hinrichs, said: "Private Buyer Meetings help busy buyers maximize their sourcing opportunities together with the convenience of the China Sourcing Fair trade show environment.
"This program enables buyers to pre-select exhibitors they want to meet. However, for competitive and other reasons, they prefer to hold these meetings in private. For suppliers, the meetings are a golden opportunity to work with some of the world's biggest buyers."
Li & Fung Centennial's senior merchandiser manager, Steve Liu, said: "These kinds of private meetings are incredibly convenient. We met suppliers offering exactly the products we're looking for. Plus, we were able to discuss requirements and terms on a much deeper level than we could on the show floor."
One supplier, Shenzhen Newland Electronic Industry sales manager, Albern Hu, said: "Private Buyer Meetings go far beyond a casual business card exchange. In a single meeting, we went from first-time introductions to serious negotiations.
"The buyer we met was on our target list for years. It was exciting to finally have the opportunity to meet them in person."
Other buyers that participated in the April include:
-- Boots -- the UK's largest drugstore
-- Decathlon -- one of Europe's largest sporting goods retailers
-- Li & Fung -- Asia's largest sourcing organization
-- Otto -- the world's largest mail-order group
-- Playtex -- one of the largest apparel brands in the US
The fall China Sourcing Fairs will be held AsiaWorld-Expo in Hong Kong as follows:
-- Oct. 12-15: Electronics & Components; Fashion Accessories;
Underwear & Swimwear
-- Oct. 20-23: Gifts & Home Products
Buyers wishing to participate in Private Buyer Meetings during the October Fairs may contact csfbuyermeetings@globalsources.com. Suppliers exhibiting at the China Sourcing Fairs may apply to participate by contacting csm@globalsources.com.
Private Buyer Meetings are part of the company's sourcing and product information services which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), Global Sources Direct ( http://www.globalsourcesdirect.com ) and the China Sourcing Fairs ( http://www.chinasourcingfair.com ).
For more information, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 600,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 13 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for
Chinese-language media.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
Eddie Heng
Tel: +65-6547-2850
Email: eheng@globalsources.com
Global Sources Press Contact in U.S.:
James W.W. Strachan
Tel: +1-602-978-7504
Email: strachan@globalsources.com
Global Sources Investor Contact in U.S.:
Moriah Shilton & Cathy Mattison
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cmattison@lhai.com
