Chinese sportswear retailer defies gloom - sportstextiles: Lea SportsTextiles

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Chinese sportswear retailer defies gloom

02/05/2014
Apparel supply chain manager and retailer Ever-Glory has defied the prevailing conditions for sportswear sales in China with a 31% rise in revenues in 2013, after opening 230 LA GO GO stores during the year.

Ever-Glory, which focused on middle to high-end outerwear and sportswear brands, reported full year sales of $368.1 million including a 75% increase in its retail business.

For the first quarter of 2014, Every-Glory anticipates sales in the range of $90 million to $110 million and net income in the range of $2 million to $3 million. For full year 2014, it anticipates sales in the range of $420 million to $470 million and income in the range of $11 to $17 million.


Related stories:

Ever-Glory battles China’s ‘economic slowdown’ 17/08/2017
Ever-Glory closes 270 stores in 2015 31/03/2016
Ever-Glory succumbs to pressures with falling sales 19/05/2015
Chinese sportswear groups out of mire as Ever-Glory reports 25% growth 01/04/2015
Chinese sportswear brand shuts 1,800 stores 01/05/2014
Li Ning launches premium brand to counter declines 24/03/2014
Chinese groups scale up investment in Vietnam 14/03/2014
Anta signs up NBA star Parsons 26/02/2014
Ever-Glory’s Q2 sales surge 25% 19/08/2013
Ever-Glory’s rapid growth boosts sales by 29% 12/11/2012
Sales up 28% at Ever-Glory 16/11/2010
Senior staff changes at Ever-Glory 03/09/2010
Wholesale sales let Ever-Glory down 16/03/2010

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