The company completed a comprehensive upgrade in all aspects including products, channels, and brand, transforming into a stronger enterprise from the inside out.
Due to the underperformance of the IRO Paris brand’s overseas operations, the company plans to make a provision for impairment of nearly 100 million yuan.
Peacebird implemented strict controls on retail discounts for merchandise and accelerated the closure of low-performing stores in 2023.
In the fourth quarter, revenue reached 16.739 billion yuan, representing a year-on-year growth of 11.09%.
In the fourth quarter of 2023, Xtep retail sales saw a year-on-year growth of over 30%, with retail discounts at approximately 30%.
After the capital increase and delivery, Sanfo Outdoor will shift from exclusive agency to joint venture operation for Klättermusen, starting from January 1, 2024, with a joint venture period of ten years.
Saucony became the first profitable new brand under the Xtep Group in the first half of 2023.
Youngor has changed its Chinese name from “Youngor Group Co., Ltd.” to “Youngor Fashion Co., Ltd.”
In the first half of the 2023/2024 fiscal year, Snow Flying, a subsidiary of Bosideng, saw its revenue soar by 52.2% year-on-year, leading the way among the Bosideng Group.
Yatsen Global’s Third Quarter Net Revenue Meets Expectations, Stock Price Soars by 12%.
