News

361 Degrees sees profit fall 37%

08/03/2013

361 Degrees, a Chinese supplier of sportwear and footwear, saw a 37% decline in net profit for 2012 after suffering problems of oversupply that are plaguing its peers. It reported turnover of £529 million and gross profit of £210 million for the year ending 31 December 2012. To control its inventory levels, 361 said it has agreed with its...

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