China Dongxiang Announces 4Q2009 Retail Same Store Sales Performance
[12 January 2010, Hong Kong] The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or "the Company"; stock code: 3818, together with its subsidiaries the "Group") today announced that the Group’s retail same store sales ("SSS") for the 4th quarter of 2009 increased by 1% against the same period last year.
The Group considers that SSS in 4th quarter of 2009 achieved significant rebound as compared with the negative growth of 11% in 3rd quarter of 2009. Retail sales performance has returned to healthy level.
About China Dongxiang (Group) Co., Ltd.
China Dongxiang (Group) Co., Ltd. is a leading international sportswear brand enterprise based in China and was successfully listed on the Stock Exchange of Hong Kong Limited on 10 Oct, 2007. The Group is primarily engaged in the design, development, marketing and wholesale of branded sportswear in China. Currently, China Dongxiang owns all rights to the internationally recognized Kappa Brand in China, Macau and Japan. Its products convey an active, fashionable and youthful image and are warmly welcomed by China’s fast growing and high potential consumers. The Group finished its acquisition of a Japan sportswear enterprise Phenix on 30 April 2008. The international brand “Phenix” has the greatest market share in the skiing and outdoor sportswear market in Japan.