CABBEEN Closed 32 Stores In The First Quarter And Sales Fell 4.4%
In the first quarter of 2016, people in the clothing market were unhappy. In the overall market recovery, CABBEEN's first quarter retail sales fell by 4.4%, and only 32 of its stores were closed.
Cabbeen
The number of retail outlets in the first quarter was announced recently, while the same store sales of distributors, two level distributors and retail outlets operated by the group dropped by about 4.4%.
As of March 31, 2016, the company operated 1107 stores, with a total of 32 stores.
CABBEEN said that in the 2015 fiscal year, CABBEEN continued to expand sales in the continuous closing shop trend.
network
A total of 87 stores grew by a total of 1139 stores in December 31, 2015, compared with 1052 in the same period last year.
The company's newly expanded shops mainly penetrate into the income level and the growth potential market of the population, and set up more brand concept stores. Yang Ziming said this expansion strategy will remain unchanged in the future.
According to the no fashion Chinese statistics, 66.1% of the shops in December 31, 2015 were located in shopping malls which were more attractive to high-end consumers.
Department store
Channel, 76% shops are located in two or three line cities.
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