Home / Knowledge / News / Apparel/Garments / Anta Sport expects slowdown in same-store sales growth
Anta Sport expects slowdown in same-store sales growth
19
Oct '11
Based on the Board's preliminary review of the Anta Sports Products Limited's unaudited operational data currently available, in line with the recent challenging local sportswear retail market in China generally, the Board expects a slowdown in the same-store-sales growth of retail stores for the third quarter of 2011 when compared with that of the last quarter. The Board also expects a more relaxed and flexible policy on the retail discount offered by the Group's retailers for the third quarter of 2011.

Store expansion plan
The Anta Sports Products Limited has generally managed to implement its 4-year (years 2009 to 2012) store expansion plan (of an average of 600 to 800 new stores per year) in the first three years of implementation. The store expansion plan for 2012 will be further ascertained and determined by the Group towards the end of 2011, taking into account, amongst others, prevailing conditions of the PRC retail industry.

Challenges ahead
Notwithstanding the challenges ahead, the Group will use its best endeavours to take all necessary actions and measures that the Board thinks fit with the aim to ensure the sustainability of the Group's business development. While the orders placed pursuant to the Group's trade fair for the second quarter of 2012 have yet to be ascertained and finalised, the Board expects the trade fair growth rate to be lower than that for the first quarter of 2012, which is in line with the Group's strategy for that quarter.

However, given that the Group has yet to hold trade fairs for the third and fourth quarters of 2012, the performance of the Group for 2012 cannot as yet be quantified and determined. Despite the slowdown in the PRC retail market and future challenges therein, of which the market is generally aware and hence not price sensitive in nature, the Group is nevertheless confident that it will continue to implement its long term development strategies.

As one of the leading branded sportswear enterprises in China, the Anta Sports Products Limited primarily designs, develops, manufactures and markets sportswear, including sports footwear, apparel and accessories.

Anta Sports Products Limited


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search