News

Belle closes 160 stores as weak Chinese economy affects sales

15/09/2015

Prominent Chinese footwear manufacturer Belle has reported a year-on-year decline of 7.7% in sales for the second quarter of 2015. As a result, Belle has announced the closure of more than 160 stores across China. It also decided to close its flagship store in Hong Kong. Chief executive, Sheng Baijiao, said on announcing the store closures that...

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