GOME Electrical Appliances (OTCPK:GMELY) has been called China's Best Buy (NYSE:BBY) in the past, even though the comparison can get a bit stretched at times. Where Best Buy is estimated to hold about 30% share of the U.S. electronics and appliance retailing market, GOME is #1 in China in consumer electronics with about 10% share. Even so, both companies had a period of serious turmoil as "growth for the sake of growth" created an inefficient store base and online competition made serious inroads into their businesses.
Whether you believe Best Buy's turnaround plan is working and will continue to work is a story for another day. What I want to focus on today is the strategic...
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