Meetings Create Huge New Export Opportunities for Greater China Suppliers
HANGZHOU, China, Aug. 1 /Xinhua-PRNewswire-FirstCall/ -- Nine buyers with combined annual sales of US$250 billion met Greater China exporters of camping and leisure products at Global Sources' (Nasdaq: GSOL) Private Sourcing Event ( http://www.privatesourcingevents.com ) in Hangzhou on July 26.
(Logo: http://www.prnasia.com/sa/200703271450.JPG )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Free-of-charge to both our buyers and suppliers, Private Sourcing Events add value to our comprehensive print, online and face-to-face channels.
"They complete our end-to-end solution which facilitates trade across all stages of the sourcing cycle."
Buyers at the Camping & Leisure Private Sourcing Event included:
-- A.S. Watson -- Hong Kong's largest retail and manufacturing group --
$12.7 billion annual sales
-- Carrefour -- the world's second-largest retailer -- $105 billion in
annual sales
-- Casino - France's largest convenience store operator -- $33 billion
in annual sales
-- El Corte Ingles -- Spain's largest retailer -- $20.5 billion in
annual sales
-- Kmart (Australia) -- one of Australia's largest discount chains --
$3.3 billion in annual sales
-- QVC -- the world's largest television shopping network -- $6.5
billion in annual sales
-- Sears -- the fourth-largest US retailer -- $53 billion in annual sales
-- Staples -- the world's largest office products retailer --
$18.2 billion in annual sales
-- The Warehouse -- New Zealand's largest general retailer -- $1.3
billion in annual sales
Sears Holdings Divisional Vice President, Jay Burdett, said: "Private Sourcing Events save us time and money and leverage our internal sourcing department. We're able to concentrate efforts on suppliers with a high business potential without hours and days of research. Private Sourcing Events are a fast track to good products and partners."
One supplier, Zhejiang Feijian Industry & Trade's General Manager, Xia Feijian, said: "We make products that are built to last -- so they're a bit more expensive. Buyers we met today were very focused on quality and willing to pay more for it."
World's Top Buyers Scheduled to Attend Upcoming Private Sourcing Events
Some of the world's top buyers, including A.S. Watson, Metro, Sears and Target Australia are scheduled to attend upcoming Private Sourcing Events. The next three events are:
-- Summer Garments: Wuxi -- August 9
-- Sporting Goods: Shanghai -- August 23
-- Baby & Children's Bedding & Furniture: Shanghai -- August 24
Global Sources has scheduled more than 50 Private Sourcing Events for 2007. A complete list of Private Sourcing Events to be held this year is available at http://www.privatesourcingevents.com .
Suppliers wishing to participate should contact csm@globalsources.com. Buyers may apply by contacting privatesourcingevents@globalsources.com.
Private Sourcing Events 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 635,000 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 18 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 & Christiane Pelz
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: cpelz@lhai.com
