News

Ever-Glory closes 270 stores in 2015

31/03/2016

Chinese sportswear group Ever-Glory opened 228 stores in 2015 but closed 270 and remodelled or relocated 216, to give a total of 1,159 across over 300 cities in China. Total sales for the year were $421.4 million, an 8.4% decrease from 2014. However, the company is optimistic for 2016. CEO Yihua Kang said: “During 2015, soft global economy and...

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