China Dongxiang Reports Growth in Same-Store-Sales and Retail Performance for 3Q2018

October, 15/2018 - 02:05
China Dongxiang Reports Growth in Same-Store-Sales and Retail Performance for 3Q2018

HONG KONG, CHINA - Media OutReach - 15 October 2018 - The leadinginternational sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or"the Company", together with its subsidiaries, "the Group",HKEx stock code: 3818) announces its operational data for the third quarter of2018 (3Q2018).

 

In3Q2018, same-store-sales of Kappa stores (excluding Kappa Kids business andJapan business) for the overall off-line platform registered a mid-single digitincrease year-on-year ("YoY"), while the retail performance recorded a lowdouble-digit growth YoY.

 

Mr. Zhang Zhiyong,Executive Director, Chief Executive Officer and President of China Dongxiang, said, "In 3Q2018, the Group's operational resultscontinued its upward trend mainly due to encouraging growth in product sales,driving an increased competitiveness of our brand. During 3Q2018, we opened uphighly-efficient new stores in a number of well-known shopping malls in thePRC, such as Xidan Joy City, Hangzhou Kerry Centre, and Taiyuan Mixc. Morehighly-efficient new stores will also be opened in 4Q2018 in other primecommercial districts such as Sanlitun, Beijing, in an effort to optimise ourchannel distribution. With the above achievements, we believe that Kappa brand has overcome thedifficulties, and are confident of the Group's future performance."

 

About China Dongxiang (Group) Co., Ltd. (Stock code: 3818)

ChinaDongxiang (Group) Co., Ltd. is a leading international sportswear brandenterprise in China which has been listed on the Main Board of the Hong KongStock Exchange since 10 October 2007. The Group is primarily engaged in thedesign, development, marketing and wholesale of branded sportswear in China.Currently, China Dongxiang owns all rights to the internationally renownedKappa brand in China, Macau and Japan. On 1 May 2008, China Dongxiang completedthe acquisition of PHENIX, a Japanese sportswear enterprise. PHENIX is the mostpopular ski brand in Japan with the largest market share, as well as awell-known brand in the international market.


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