It Closed 433 Stores In The Fourth Quarter Last Year.

< p > sports brand's closing shop tide is still continuing.

The bulletin showed that in the fourth quarter of last year, the total number of 360 a href= "//www.sjfzxm.com/news/index_c.asp" > franchised retail store < /a > recorded a net decrease of 270, of which 163 were newly opened shops, with poor performance and 433 small shops.

The company explained that this was mainly due to the sharp reduction in orders last year, the expiration of all tax concessions in the past, and the rise in effective tax rates.

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< p > sports brand < a href= "//www.sjfzxm.com/news/index_c.asp" > Guan Dian Chao "/a" is still continuing.

Yesterday, 31st degree in the company issued the fourth quarter of 2013 operating outline, frankly speaking, the domestic economic slowdown, its business environment is still full of challenges, during the reporting period, the brand closes poorly and small shops 433.

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< p > announcement shows that in the fourth quarter of last year, the total number of a href= "//www.sjfzxm.com/news/index_c.asp" > 31st degree < /a > total number of licensed retail outlets decreased by 270, of which 163 were newly opened shops, with 433 poor performance and small shops.

By the end of last year, the total number of brands has reached 7299.

The company emphasized that as an independent business, the performance of children's clothing was more eye-catching. As of the end of last year, the total number of retail outlets was 1858, of which nearly 40% were independent stores.

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< p > "the sports apparel industry has passed the most difficult period, but the strength of the industry recovery will depend on economic growth and consumer sentiment."

360 degrees in its announcement.

However, judging from the new orders, the market seems to have yet to materiality.

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In December 2013, P held an autumn order meeting in 2014 in the comprehensive industrial area of the five Li Industrial Park in Jinjiang, Fujian.

Data show that wholesale orders will drop by 7% compared with last autumn's orders.

As a result, the company said that due to the weak market in the past two years, fierce competition in the industry, and large discount, orders fell.

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< p > 360 degrees previously published in the annual business performance notice that the company's performance in the year ended December 31, 2013 is a significant decrease compared with 2012, and the net profit of last year is expected to be much lower than that of last year.

The company explained that this was mainly due to the sharp reduction in orders last year, the expiration of all tax concessions in the past, and the rise in effective tax rates.

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