361 Degrees plans research centre in Beijing
Chinese sports apparel firm 361 Degrees has announced that it will establish a research centre for designing high-tech sportswear in Beijing, according to the China Leather Industry Association (CLIA). The centre will be supported by the Beijing Institute of Clothing Technology, and will have the aim of upgrading technology in the sportswear industry.
The company recently revealed its financial results for the second half of 2010, which show that the turnover for footwear reached $186.5, up 18.1% over the same period of last year, and the sale revenue for apparel expanded by 42% to $151.7 million.