China's Sales Fell 5.6% In France

　　 recently French underwear and clothing retailer Etam D veloppement published sales figures for the two quarter and first half of fiscal 2014. The two quarter sales increased by 3.2% to 271 million 700 thousand euros compared with the same period. The rate of increase was 2.8% at the constant exchange rate. The depreciation of the RMB against the euro reduced the sales of the group by 4 million 500 thousand euros. European market sales totaled 202 million 400 thousand euros, up 6.7% from the same period last year, of which the French market increased by 6.5% to 177 million 700 thousand euros. However, China's market sales fell by 5.6% to 69 million 300 thousand euros, a comparable decline of 0.2% under constant exchange rate. The group noted that because of the 4246 stores in the world and 940 and 3083 in Europe and China respectively, the decline in China's business has a significant impact on the group.

In order to revive China's business, Etam D veloppement group hired a well-known business consultant at the beginning of this year, hoping to speed up the clearance of commodity inventory in the past season, reduce personnel costs and make regional adjustment of marketing structure, so as to achieve the goal of China's revenue declining in 2014. It is reported that the group plans to cancel 200 sales counters, has closed 88 in the first half, and opened an independent store in the shopping center. In addition, the product design will be more European and American, and more large-scale distribution of underwear series.

　　 Tianshan Textile: certain geological achievements have been achieved in existing prospecting areas.

In view of the Prospecting Progress of investor relations, Tianshan textile has said on the interactive platform that the company will further increase its ore dressing intensity as the reserve resource for the existing mining and selecting projects, and choose the two phase project according to the reserves and grade of the proven mines. At present, the company has achieved some geological results in the existing prospecting area.

It is reported that the first stage project of Xi Tuo mining (the copper and zinc mining and mining project in the first section of the loess slope mining area) has basically reached production capacity, and the mining capacity is 500 thousand tons / year. In October last year, the company completed the 75% stake in Xi Tuo mining, forming a double main industry of wool textile and minerals. As a result of the mining industry, the company made a profit of about 1200-1600 yuan in the first half of the year.

　　 Wool spinning In terms of business, the company said it would take a series of measures, relying on the geographical advantages of Xinjiang, and through the central Xinjiang economic work conference, the autonomous region's strong support for Xinjiang's textile and garment industry, and doing a good job in the wool textile business. Xinjiang has recently issued ten preferential policies for developing the textile and garment industry to promote employment, including the establishment of a special fund of about 20 billion yuan for the development of textile and garment industry.