Sportswear seller 361 Degrees International Ltd. (1361.HK) announced on Monday that sales for its main and kids brands via offline channels grew by 10% to 15% year-on-year in the first quarter of 2025. Its e-commerce segment performed particularly well, with gross merchandise volume (GMV) surging by 35% to 40% compared to the same period last year.
361 Degrees said it is continuing to expand its offline presence since the launch of its first “Super Premium Store” at the end of 2024, adding that distributors have rapidly opened additional stores in cities including Huizhou, Chengdu, Shijiazhuang, Nanning, Jinan, Linyi, Yangzhou, and Anyang. The company has also opened its first self-operated overseas store in Kuala Lumpur, capital of Malaysia.
The company’s stock opened 1.2% higher and closed at HK$4.32, up 2.86% by the midday break.
By Lee Shih Ta
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