Home / Knowledge / News / Apparel/Garments / NextMart to enhance women's apparel business

NextMart to enhance women's apparel business

Aug '07
NextMart Inc a Chinese direct sales company reported its first quarter fiscal 2008 financial results.

For the fiscal quarter ended June 30, 2007, NextMart reported gross revenue of $1,803,071, of which $1,790,596 (or 99.3% of total revenue) was derived from the Company's Transactional Services and $12,475 (or 0.7% of total revenues) was derived from the Company's Marketing and Information Services.

NextMart's gross profit for the quarter was $413,998 before all consulting, general and administrative, depreciation and amortization costs.

After all operating expenses and other income for the quarter ended June 30, 2007, the Company reported a comprehensive loss of 1,186,588 or $0.01 per outstanding share.

For more detailed information on the Company's results of operations and other information, please refer to the Company's Form 10-QSB filing for the period ended June 30, 2007.

Mr. Ren Huiliang, Chief Executive Officer of NextMart Inc commented, "Although we experienced a loss this quarter, we had a productive quarter in enhancing our focus on the women's apparel business."

"We began putting more efforts into growing our client base abroad and creating strategic partnerships to enhance our apparel sales and marketing capabilities in Mainland China."

"We believe that, over time, our new initiatives will pave the way to new revenues and lead us closer to our goal of building China's largest shopping community for online wholesale distribution and retail shopping in the women's fashion and apparel sector."

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Neel Sawhney, One Friday

Neel Sawhney
One Friday

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

Cem Erdogrul,

Cem Erdogrul

Turkey-based Temsan Air Engineering is one of the leading manufacturers of ...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Pierre Wiertz, EDANA

Pierre Wiertz

EDANA, the international association serving the nonwovens and related...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

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

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


Leave your Comments

February 2020

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

Advanced Search