Nine top buyers including Coles Group, Metro and Sears scheduled to meet privately with pre-screened suppliers of home textiles, glassware & metal products
HONG KONG, Aug. 27 /Xinhua-PRNewswire-FirstCall/ -- Nine international buyers are looking to gain new sourcing advantages when they meet suppliers from India in New Delhi at Private Sourcing Events
( http://www.PrivateSourcingEvents.com ) for Home Textiles and Glassware & Metal Products. Held today and tomorrow, respectively, the events are organized by Global Sources’ (Nasdaq: GSOL) ( http://www.globalsources.com ) sales representative for India.
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
Global Sources’ Chairman and CEO, Merle A. Hinrichs, said: "India’s home textile exports are expected to reach US$5 billion by 2010. Quality products at competitive prices are among the reasons more buyers are sourcing from India suppliers.
"As our buyers look for new quality suppliers from India, Private Sourcing Events provide an ideal platform, connecting them with a range of pre-screened suppliers able to meet their specific standards."
Representing US$195 billion in annual sales, buyers scheduled to participate in the Home Textiles event are:
-- Ahlens -- One of Sweden’s top retailers
-- Coles Group -- Australia’s largest retailer
-- El Corte Ingles -- Spain’s largest retailer
-- Metro -- The world’s fifth-largest retailer
-- Sears -- The fourth-largest broadline retailer in the US
-- Springs Global -- North America’s largest home furnishings supplier
-- Test Rite -- Taiwan’s largest trading group
-- Trent -- One of India’s largest retail chains
Buyers with combined annual sales of US$231 billion scheduled to participate in the Glassware & Metal Products event are Casino, Coles Group, El Corte Ingles, Metro, Sears, Test Rite and Trent.
One participating buyer, Merchandising Head of El Corte Ingles India, Nikhil Goyal, said: "As we increase our sourcing from India, we are working with many suppliers for the first time and that increases our risk. As suppliers we will meet at Private Sourcing Events have been pre-screened, this helps us greatly reduce our risk and find quality suppliers with more sourcing options in less time."
One supplier, Vice President of Sunny Exports, Sandeep Jaglan, said: "We are eager to expand to new markets and we are now focused on producing high-end products. Private Sourcing Events give us the opportunity to meet the international buyers who are looking for our quality products. This is an incredible opportunity for us."
World’s top buyers scheduled to attend upcoming Private Sourcing Events
Eighty Private Sourcing Events are scheduled for 2008 in mainland China and India. Dozens of buyers including Best Buy, Carrefour, Circuit City and Lowe’s have confirmed their participation. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. A schedule of upcoming Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of the company’s portfolio of brands for sourcing and product information services, which include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs
( http://www.chinasourcingfair.com ), Global Sources monthly magazines and Global Sources Direct ( http://www.GlobalSourcesDirect.com ).
For more information about Global Sources’ products and services to connect quality buyers and quality suppliers, visit http://corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of 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 business segments facilitate trade from the world to Greater China, and trade within 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 725,000 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 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 9 specialized trade shows which run 27 times a year across eight cities.
Suppliers receive more than 36 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 37 years. Global Sources’ network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,800 team members in more than 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 Press Contact in U.S.:
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia:
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.:
Kirsten Chapman
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: investor@globalsources.com
