Home / Knowledge / News / Textiles / Xtep Intl observes good sales in H1
Xtep Intl observes good sales in H1
03
Sep '08
According to the available statistics, in the first half of 2008, Xtep International Holdings Ltd, earned revenue worth 1.408 billion yuan, representing a boost of 174.3 percent over the same period of last year.

Of these, sales of footwear products increased from almost 378 million to nearly 704 million yuan, up by 86.3 percent, when compared to first six months of 2007. Clothing sales rose from 134 million yuan to nearly 687 million yuan in first half of 2008, representing a considerable rise of 414 percent.

From January to June this year, sales ratio of footwear and apparel products was 50 and 48.8 percent respectively.

Sports series by Disney and Colin under Xtep International Holdings, together gained about 95.05 million yuan.

The company will increase retail price 5-10 percent in 2009, however, retail prices of footwear and apparel products have already hiked 9 and 16 percent, in the first half of 2008. End-terminal retail sales realized a year-on-year growth of about 20 percent in July 2008, while August sales grew around 39 percent.

By the end of June, Xtep International had nearly 5,115 retail networks, up from 4,647 in 2007, including distributors and retailers run by third-party, Disney sports and Colin brands.

It is reported that Xtep and Disney plans to open 1,100 new stores this year, the sales area will be increased by 100,000 square meters. The company has three flagship stores now, which are located in Changsha, Wuhan and Hefei. Xtep plans to increase the number and take it to 10 this year.

The company has also increased input in product development and design. The private sportswear company has three special product design teams and one R & D team comprising of almost 381 people, in order to keep up with international trends. In the first half of 2008, Xtep Company introduced nearly 1,121 kinds of shoes, 1,347 types of garments and 1,057 varieties of matching accessories.

Fibre2fashion News Desk - China


Must ReadView All

Turkish-Algerian JV to set up textile unit in Relizane

Textiles | On 17th Jan 2018

Turkish-Algerian JV to set up textile unit in Relizane

Construction of one of Africa's largest textile production...

Courtesy: Indorama Ventures

Textiles | On 17th Jan 2018

IVL, Huvis to enter JV for Low Melting Fibre plant in US

Indorama Ventures Limited (IVL), a global chemical producer, and...

Future Group to set up garment manufacturing in Bengal

Apparel/Garments | On 17th Jan 2018

Future Group to set up garment manufacturing in Bengal

Kishore Biyani-led Future Group is going to set up a garment...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harmeet Singh

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

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marcel Alberts
Eurofibers

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

January 2018

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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