Belle is "well positioned" despite slowdown in g - sportstextiles: Lea SportsTextiles

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Belle is "well positioned" despite slowdown in growth

15/10/2012
Shares of Chinese footwear and apparel companies have fallen after footwear retailer Belle International Holdings reported lower quarterly sales growth for Q3 than it expected.

Its footwear business grew 2.8% while sportswear grew 3.6%, compared with second-quarter growth of 10.5% in footwear and 5% in sportswear.

Belle operates 16,500 stores in China, and sells brands including Nike and adidas.

Rival Daphne International Holdings’ third-quarter sales grew 5%, down from 14% in the previous quarter.

Citi analyst Catherine Lim said that Belle’s strong operations meant it was well placed for a recovery. "Beyond this blip in growth that most retailers will register in 2012 earnings, we believe Belle is well-positioned to stage one of the strongest recoveries into 2013 earnings."

Related stories:

Steadily-growing Belle predicts positive outlook for sportswear in China 29/05/2015
Sportswear sales robust for Belle 27/05/2014
Li Ning launches premium brand to counter declines 24/03/2014
Xtep revenues plunge 20% 14/03/2014

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