Lining Group Delivers Cotton Clothes For Poor Mothers

Tongzi county held a donation ceremony for Lining (China) group staff, "warm winter days, sending cotton clothes for poor mothers".

Lining (China) group head of market system, world gymnastics champion Bi Wenjing and staff representatives sent cotton clothes to poor mothers.

It is understood that self

(China) since the group launched the "2014 winter warmth" for the donation of love for poor mothers, the group has called on employees to buy "Lining cards" in the form of personal donations.

Donated to mothers in poor areas.

In only 10 days, 193 Lining Group employees donated 550 thousand yuan and 1180 down coats.

Lining (China) group decided to donate the down jacket to 1180 poor mothers and sanitation workers in Tongzi County, who carried out the project of "mother parcel".

At the ceremony, Bi Wenjing and his delegation will donate on the spot.

Sent to more than 400 poor mothers and sanitation workers, in this "nine cold days" for hard needy mothers and sanitation workers brought warmth.

Lining (China) group employee representatives also sent down down clothes to 30 poor mothers in the village of Gao Ya in Mao Shi town.

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After a brief increase in the same store sales in the three quarter, yesterday, Daphne International Holdings Limited 0210.HK (Daphne) International Holdings Limited announced that the core brand business of the group dropped 7.5% in the four quarter, with a 3.4% decline throughout the year.

Daphne said sales in December were particularly weak, mainly due to the depressed consumer sentiment in mainland China, and the Spring Festival in February, which did not support consumer spending before the same period last year.

In addition, regional competition and the promotion of large-scale online shopping in the fourth quarter also hurt the same store sales.

Fourth quarter Daphne recorded an average decline in the median figure, mainly because during the period, the Group actively cleaned up over the past stock, resulting in lower average selling price, and thus significantly dragged down gross margins.

Daphne competed for 91 outlets in the fourth quarter, including 172 straight outlets and 81 close stores.

In 2014, the total number of sales outlets for core brand business increased to 6402.

In November 2014, Bank of America Merrill Lynch (NYSE:BAC) mein Merrill had released a report that lowered the Daphne rating, from buying to neutral, and Merrill Lynch said that the shoe maker's profitability was expected to recover. Other market or downgrading of Daphne's profit forecast for the two and next year, as well as private equity TPG convertible bonds, and other unfavorable factors were all the reasons for the bank's downward expectations.

Mein Merrill Lynch is expected to be affected by the warm weather in the early four quarter. It is expected that Daphne's same store sales will continue to fall in the same quarter, while the promotion action will continue to press Daphne's gross margins to be pressurized.