Xtep Rio Tinto children's wear industry products mainly to non-restricted fashion growth
Strong domestic spending, retail stocks have been sought after, in July the total retail sales of consumer goods increased by about 17% .According to market research shows that children's clothing consumption double-digit increase has become a new growth point for the development of the apparel industry. Domestic brands Accounting for 50% of the market share, about 30% own their own brand, respectively, in the first to third tier cities to promote, while foreign brands are mostly concentrated in the first-line market .Street International Sports Goods Company also spotted the opportunity to explore children's shoes and Apparel business to increase revenue of the Group Top middle and high-end children's footwear and apparel XE source plans to develop Xtep + 1, a children's footwear and apparel line, and is expected to open about 100 retail stores in second- and third-tier cities by the end of next year Chief Financial Officer He Ruibo accept "Economic News Agency" interview, said the group expects to expand the product range, the client layer to cover all ages, children's clothing series is still the main high-end leisure fashion products, because I believe that greater acceptance , Pricing is also relatively lower than adult clothing online sales growth, expected revenue accounted for 5% to 10% Xtep International and other brands Therefore, we believe the Group is not confined to the growth potential of sporting goods. He Hao believes that online consumption has now become a reality for young people As the trend and business growth are much faster than those of overseas exports, it is expected that the revenue share of the business will increase from 5% to 10% in the future.
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