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China Dongxiang Logs Drop in Fiscal Q1 Retail Performance
China Dongxiang (Group)'s (HKG:3818) Kappa-branded stores recorded a mid-low single-digit year-over-year decrease in retail performance for the three months ended June 30, a Friday filing on the
Express News | China Dongxiang - Net Decrease of 9 Kappa-Branded Stores in June Qtr
China Dongxiang (03818. HK): The first quarter retail revenue of Kappa brand stores recorded a low single-digit decline year-on-year.
On July 19th, Gelunhui announced that during the first quarter of the three months ended on June 30, 2024 (the "first quarter of the 2024/25 fiscal year"), the retail revenue of the Kappa brand stores in the group recorded a low-to-mid single-digit decline year-on-year. In the first quarter of the 2024/25 fiscal year, calculated based on the Kappa brand stores that had already been put into operation in the same quarter last year, the same-store sales recorded a mid-single-digit decline year-on-year.
Express News | China Dongxiang - Q1 Retail Performance of Kappa-Branded Stores Down Mid-Low Single-Digit
Express News | China Dongxiang - Q1 of Kappa-Branded Stores Same-Store-Sales Recorded Mid Single-Digit Decrease
Sporting goods stocks rise. Li Ning (02331) is up 6.23%. Citic Securities expects top shoe and clothing suppliers to continue to benefit.
Jingu financial news | Sporting goods stocks rose across the board. As of the time of publication, Li Ning (02331) rose 6.23%, China Dongxiang (03818) rose 4.84%, Anta Sports (02020) rose 4.67%, and Xtep International (01368) and 361 Degrees (01361) followed the upward trend. Citic Securities' research report stated that as the supply chain gradually recovers, inventory issues among major sports brands are gradually being resolved. The competitive factors of the sports shoes and clothing industry have undergone important changes, and each brand is focusing on sports technology research and development to meet the differentiated needs of consumers. In recent years, major sports brands have successively focused on their own unique technology research and development, and currently, sports technology
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