Rapid growth at China Dongxiang
Sales almost doubled at sportswear firm China Dongxiang (Group) Co Ltd in 2007, with consolidated sales totalling RMB1.71 billion ($0.24 billion).
Sales of apparel, footwear and accessories recorded growth of 88%, 136% and 127%, respectively. Having worked hard to expand its footwear business, the company reports that its shoe division now accounts for 24% of the business compared with 20% in 2006. Apparel sales declined proportionally from 76% to 72%, while accessories sales remained flat at 4.7%.