Ever-Glory’s Q2 sales surge 25% - sportstextiles: Lea SportsTextiles

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Ever-Glory’s Q2 sales surge 25%

19/08/2013
Second-quarter sales at China-based sportswear manufacturer Ever-Glory increased by a quarter, reaching $59.1 million, driven by growth in its retail business.

Retail sales for the quarter from LA GO GO, Ever-Glory's branded retail division, increased 74.5% to $32.1 million primarily due new stores and increase in same-store sales. Ever-Glory had 831 LA GO GO stores as of June 30, 2013, compared with 562 LA GO GO stores as of June 30, 2012.

Wholesale sales generated from Ever-Glory's wholesale business for the quarter decreased 6.1% to $27.1 million, attributable to decreased sales in China, the United States, Germany and France.

Profit for the quarter was $19.5 million, or 32.9% of total sales, compared with $13.6 million, or 28.8% of sales for the same period last year.





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