Weak start to 2013 for struggling Chinese sports brands
04/03/2013
According to the China Leather Industry Association, Xtep is also facing a decline in orders from its stores of between 15% and 20% for the first six months of 2013.
It said that, collectively, China’s top six domestic sports brands were facing a shortfall in orders for the first half of this year of between 20% and 30% compared to the same period in 2012. During 2012, the six brands closed 3,000 retail outlets in different parts of China.
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