BELLE'S Shoe Sales In The Same Quarter Fell 5.5% In The Three Quarter

Belle International Holdings Ltd announced that in the three quarter of 9-11, China's footwear sales in the same store decreased by 5.6%, while that in sports and clothing sales increased 5.3%.

During the period, the number of domestic retail outlets in China increased from 400 to 19946, of which 13778 were footwear shops, 6168 were sports and clothing stores, and all the stores were Group owned battalions.

After the three quarter operating data released by the international community, Credit Suisse Group AG (VTX:CSGN) Credit Suisse lowered its target price from HK $10.8 to HK $10.35, and said that the group's same store sales fell more than expected.

But the bank expects BELLE international sales growth to accelerate next year, so as to maintain the "win win" rating.

UBS AG (UBSN.VX) UBS and Nomura both believe that BELLE international sales will continue to decline next year, so they will maintain "sell" and "reduce" rating respectively, and the target price will remain at HK $6.5 and HK $8 respectively.

BELLE international shares opened lower on Thursday, rising to 2% at the end of the draft without stylish Chinese net at HK $8.69.

In the "record list of investor relations activities" disclosed in yesterday's Semir clothing, the domestic clothing market is huge and the market is subdivided. Adult casual wear market is the largest subdivision market in the whole clothing market.

The company believes that with the intensification of competition and the centralization of market, small enterprises will gradually withdraw from the market.

The record sheet is a record released by the Abu Dhabi Investment Bureau and Tiger Pacific Capital in December 8th.

The main business is clothing design and development, outsourced production, clothing marketing and distribution.