By The End Of February, BELLE Group Had Increased By 367 Retail Outlets.

The four quarter of International Holdings Limited accelerated the deterioration of footwear business in mainland China.

Business maintained steady growth.

In the four quarter of February 29, 2016, footwear sales in the mainland, including Belle BELLE, StacCATo Staccato and Joy & Peace real estate, recorded a huge decline of 16.5%, a significant increase from the first half of the year and a 10.4% decline in the three quarter.

The sports and clothing businesses of the two Japanese apparel brands such as Nike Nike, Adidas, Adidas and other sports brands and Sly and Moussy achieved an increase of 6% in the same store, an increase slightly lower than the 6.2% in the three quarter.

By the end of February, the group had a total of 367 retail outlets during the fourth quarter, and there were 208 million 730 thousand direct retail outlets in China, 13762 of which were footwear stores and 7111 were sports and clothing stores.

BELLE international closed at HK $5.29 on Thursday, down 2.22% throughout the day.

The stock has fallen 9.4% since 2016, and has fallen by more than 34.9% in the past 12 months.