Home / Knowledge / News / Apparel/Garments / ANTA's apparel, accessories divisions revenue dip in H1
ANTA's apparel, accessories divisions revenue dip in H1
Aug '12
ANTA Sports Products Ltd, one of the largest sportswear makers in China, has posted a decline of 10.6 percent year-on-year and 15.9 percent year-on-year in apparel and accessories revenues, respectively, during the first half of the current year.
During the period, ANTA's staff costs, R&D costs and effective tax rate increased. Therefore, the company's results showed greater decline than its decrease in revenue.
ANTA attributed the decline in its performance to increased competition in the industry.
The company has adopted a more flexible arrangement of orders this year. It plans to introduce a new discount rate policy for the first quarter of next year in order to reduce its inventory.
The company said it has received 20-30 percent fewer orders from distributors for the first quarter of 2013 compared to the same period last year, which suggests a continued grim outlook.
ANTA’s store count increased by 29 to 7,807 during the first six months of 2012.

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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