Sportswear sales robust for Belle - sportstextiles: Lea SportsTextiles

News

Sportswear sales robust for Belle

27/05/2014
Belle International, China’s largest footwear retailer and a distributor of Nike and adidas, has said it is relying on sportswear sales to lift profits after reporting only a 1% rise in 2013.

Sales in its sportswear division rose 6% while footwear increased 0.5%, which its CEO Sheng Baijiao blamed on a sluggish economy.

"The macroeconomic outlook for the next two years is not optimistic," he said. "The consumer retail market is expected to be under continued pressure due to weak consumer sentiment."

Sportswear sales accounted for about 40% of revenue.

Belle operates nearly 20,000 stores across mainland China.

Related stories:

Sportswear takes over footwear for Chinese giant Belle 17/05/2017
Steadily-growing Belle predicts positive outlook for sportswear in China 29/05/2015
China’s biggest footwear retailer predicts problems 28/10/2014
Yue Yuen-owned retailer suggests storm has passed 19/08/2014
Belle avoids wage increase by moving manufacturing inland 24/02/2014
China's biggest athletic shoe group bucks trend 30/08/2013
Belle adds 2,600 outlets in 2012 25/03/2013
Belle defies gloom with 890 store openings in 2012 14/01/2013
Belle is "well positioned" despite slowdown in growth 15/10/2012
Belle strengthens its status as a sports shoe retailer 23/03/2012

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.