Bosideng Is Closed 19 Days In A Row, And The Clothing Industry Is Still Closed.

The clothing business closes the shop tide to be continuing, Bosideng recently released as of September 30, 2014 mid-term earnings report, the company half year closes 3436 shops, the net profit glides sharply 22.5%.

According to the report, Bosideng's income was about 2 billion 849 million yuan during the period, up by 1.4% over the same period.

Bosideng said that the increase in income mainly came from OEM management and non down garment industry.

While in

In terms of business, during the period, the group focused on digestion, and repositioned the brand and optimized the management and sales channels to meet market demand. During the restructuring period, revenue fell by about 19.2%, accounting for

The total income is 49.8%, about 1 billion 418 million yuan.

It is worth noting that half a year

The total number of retail outlets in down garment business decreased by 3436 to 8216 in March 31st compared with that in this year, with a net decrease of 304 to 3519 retail outlets and 19 outlets per day.

As for the reduction of the number of retail outlets, Bosideng explained that the group used the off-season to scan and evaluate the regional and business circles, to sort out and integrate the sales channels of all the brands of the down garments, avoid overlapping channels, and make the layout of the retail network more reasonable. In addition, the group also closed down retail outlets whose sales were not up to expectations or images and services did not meet the requirements of the group.

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Thirty years Hedong, thirty years Hexi.

In recent years, garment enterprises have been trapped in the dilemma of high inventory and net profit decline.

A total of 36 members of the clothing and home textiles listed companies in Shenyin and Wanguo statistics have eliminated 3 home textile companies and 32 Chinese clothing companies that have been backpacking by Xin Yang Feng, a chemical fertilizer company.

In the first three quarters of this year, 19 of the 32 companies declined, accounting for 59%.

Another 5 companies net profit rose less than 20%, accounting for 15.6%, the remaining 8 companies net profit growth of 21%~212%, accounting for 25%.

Affected by poor performance, clothing listed companies have gained limited profits this year.

The industry has increased by 39% this year (up to November 27th), ranking forty-second in more than 100 Shen Wan II industries.

Judging from the performance of a single company, the net profit of Busen shares has dropped the most.

According to the financial report, Busen shares lost 39 million 600 thousand yuan in the first three quarters of this year, down 393% compared with the same period last year.

In addition, the net profit of Hinur and Meyer of the main men's wear also dropped by more than 100%.

For the sharp decline in performance, Busen shares brought a series of answers to investors in its third quarterly report: "net profit decreased by 393% over the same period last year, mainly due to a decrease in total profits and deferred income tax turnover."

Earnings report also showed: "total profit is 223% lower than the same period last year, mainly due to reduced operating profits."

Then, why does business profit decrease? "Operating profit decreased by 292% over the same period last year, mainly due to the decrease in sales during the current period."

Busen shares said.