BRIEF: 361 Degrees retail sales rise 10% in fourth quarter
Sportswear brand 361 Degrees International Ltd. (1361.HK) announced on Tuesday that offline retail sales for its core branded products increased by 10% year-on-year in the fourth quarter, while offline sales…
China’s ‘consumption downgrade’ trips up Anta
The leading sportswear maker said sales of its premium Fila brand began to contract in the third quarter, while its core Anta brand continued to grow Key Takeaways: Anta said…
Topsports sprints ahead as foreign-brand boycott fades
The seller of Nike and Adidas brand shoes and sportswear in China said its sales rose by a ‘low 20s’ percentage amount in its fiscal first quarter through May Key…
361 Degrees Still a Sportswear Laggard, But Sees Potential in Kids
Company forecasts 15% to 20% growth for its separately run kids unit in the third quarter, ahead of ‘low teens’ growth forecast for its other brands Key Takeaways: • 361…
Traditional Retailer Topsports Finds Better Profits in ‘Big Boxes’
Sportswear seller’s revenue jumps 21% in second half of its latest fiscal year and profits leap 75% as it focuses on mega-stores over smaller ones Key points: Topsports’ shift to…
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