XTEP International: In The Second Quarter, Mainland Business Retail Sales Grew By 20% Over The Same Period Last Year.
XTEP International announced the second quarter of 2019 mainland China's business operation. In the second quarter of 2019, XTEP International's same store sales (at retail value) achieved double-digit growth. Retail sales, including online and offline, grew by more than 20% over the same period last year. Retail inventory turnover takes about four months.
In the second quarter, XTEP international subsidiary bought 260 million of E-Land Footwear USA's full stake. In May 2nd, XTEP International announced that it bought Korean E.Land World Ltd. clothing and love group E-Land Footwear USA Holdings Inc. for $260 million to get the ownership of K-Swiss (Gai Shiwei), Palladium (Paladin) and Supra three brands.
According to the press release of XTEP, Target Corp E-land Footwear USA realized revenue of $210 million in 2018 and realized EBITDA (profit before tax depreciation and amortization) of US $1 million 668 thousand. Among them, two brands of Gestapo and paladin were profitable, while other businesses recorded losses.
XTEP's international board of Directors believes that the deal is an excellent opportunity to invest in the world renowned sports apparel and leisure brand portfolio for the high-end market. K-Swiss and Palladium each have their unique brand positioning and different target customers, which are highly complementary to the company's current brand portfolio and will transform the company into a global sporting goods company that meets the needs of different consumers.
- Related reading
Spring Of Convenience Store Issued By Ministry Of Commerce Promotes The Development Of Convenience Store Brand Chain
|- Local hotspot | Chinese Students Monopolize The Three Prize Of "Anti Fur" Design Competition
- Expo News | Selection Of The Twenty-Second China International Fair'S First Innovation Award
- policies and regulations | Updated Edition Of The 2012 Edition Of International Certification For Environmental Textiles
- Dress culture | Origin And Types Of Grid Patterns
- Shoe Express | Running Shoes Brand Asics Joint Designer Launches New Shoes
- Home news | The Deposit Reserve Ratio Will Be Reduced By &Nbsp, And The Market Turnover Character Will Be Changed.
- Colorful circles | 那一抹凄美動人坦桑藍
- Market trend | The Seven Wolves Sprint O2O&Nbsp From The Legion Marketing, And The Electricity Supplier Enters A New Stage.
- Shoe Market | Suspected Trademark Infringement &Nbsp; Changchun Hundred Pairs Of Fake BELLE Shoes Were Temporarily Seized.
- channel management | Putting Shopping Malls Into Pockets: Clothing Retailing: 3G Technology Brings "Wireless" War.
- Kappa Business Growth In The Second Quarter Of 30% - 35% Growth
- The Eighth Largest Textile Institute, The 3 Ranks Among The "Double First Class".
- Xinjiang Textile Intelligent Green Manufacturing And Industrial Convergence Docking Held
- Women Had Better Not Use Pearls For Fear Of Falling In Love With It!
- Off-White X Nike X UNDERCOVER Multiplying The Right Way To Open!
- AC Milan Next Season's Third Away PUMA Jersey Has Been Released.
- Vans High-End Branch Line Vault By Vans OG Pack Is Now On Sale!
- Lace + Perspective You Say Beauty Is Not Beautiful! How Do You Wear Everyday Fluoroscopy?
- Secretary Of The CPC Central Committee And Minister Of The Central United Front Work, Yu Quan Inspected The Red Bean Group.
- Search For The Introduction Of State-Owned Assets To Invest In Jiaxing Yuxuan Ma Hong Half Cash 1 Billion 900 Million