Foxconn to shift China retail focus online after Metro ends joint venture

Workers walk out of the entrance to a Foxconn factory in ChengduTAIPEI (Reuters) – Foxconn Technology Group said it will shift its China retailing focus to online sales after a joint venture with German retailer Metro AG failed to gain traction in stiff competition among large consumer electronics stores. Foxconn will use a network of nearly 1,000 electronics shops that it runs separately in China to support its online store, Foxconn spokeswoman Laura Liu said. "We have seen sales in our physical retail stores dropping so we're putting more focus on our online business," Liu said. She added that the company would continue to open new small stores. …

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