Business news :Toread posts strong growth for the first nine months

Toread, China’s leading local outdoor brand, has just released its financial report for the first three quarters in 2012. Turnover during that period was 624 million yuan renminbi (€76.4m-$99.2m), 45.3 percent higher than last year.

Sales increased by 25.4 percent to RMB 244 million (€29.9m-$38.8m) in the third quarter ended Sept. 30 compared with the three months one year ago. In the three months through September, Toread added 126 new stores, lifting the total number of single-brand stores to 1,352 across China.

The plan is to have 400 more doors during the current year with a focus on second- and third-tier cities, where the domestic brand sees advantages in terms of market penetration compared with foreign players.

( by SGI Europe on Oct 29, 2012 through ISPO Newsblog )

Business Description:

Beijing Toread Outdoor Products Co Ltd operates in the Apparel and accessories sector. In addition to historical fundamental analyses, the complete report available to purchase compares Beijing Toread Outdoor Products Co Ltd with three other miscellaneous apparel manufacturers in Asia: Koutons Retail India Limited of India (2011 sales of 5.36 billion Indian Rupees [US$99.67 million] of which 100% was Readymade Garments), Kuk-Dong Corporation of South Korea (154.29 billion Korean Won [US$139.79 million] of which 99% was Clothing), and Mainland Headwear Holdings Limited which is based in Hong Kong (751.02 million Hong Kong Dollars [US$96.90 million] of which 76% was Manufacturing).