Sales decline at Anta Sports in H1
08/08/2012
The company says it will focus on strengthening its position in basketball, women sports and running in the near future.
Acquiring the Fila business China has helped it to tap into the promising potential in China’s high-end sportswear market, it claims. As of June 30, it operated 236 Fila stores in China. The number of Anta stores was up 29 to 7,807.
Ding Shizhong, chairman and CEO of Anta Sports, said, "The volatile global economy and the ongoing slowdown in China’s economic growth will continue to affect consumer sentiment, while the inventory and discounting risks remain high in the sportswear industry. We will strive to take effective actions and measures to ensure the steady development of the group, our supply chain partners, distributors and franchisees, as well as to create value for our stakeholders over the long run."
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