Home / Knowledge / News / Apparel/Garments / Chinese sportswear brands reduce local store count in 2012
Chinese sportswear brands reduce local store count in 2012
08
Mar '13
Several Chinese sportswear brands have closed a number of their domestic outlets during 2012.
 
The six major Chinese sportswear brands, including Li Ning, Peak, Anta and 361 degrees, shut more than 3000 shops last year, of which, the average number of closed shops by Li Ning and Peak was 1000 shops.
 
Recently, Xtep has announced plans to close 100 to 200 stores this year, which is nearly twice the number of outlets closed last year.
 
Last year, the business of foreign sportswear brands was steady, but after the Spring Festival, even their businesses seem to have gone down.
 
The German-owned brand Puma, the third-largest sports brand, has announced plans to cut expenses in 2013, which includes closure of more than 90 non-profitable shops in China.
 

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Rwanda to pay tax of exporters affected by AGOA suspension

Apparel/Garments | On 18th Jun 2018

Rwanda to pay tax of exporters affected by AGOA suspension

Rwanda will take over the tax obligations of its apparel exporters to ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Top executives
Textile industry, India

The event should be organised every year

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search