Home / MARKET / Chinese sportswear brand Xtep has recently released its revenue report

Chinese sportswear brand Xtep has recently released its revenue report

Chinese sportswear brand Xtep has recently released its revenue report

Chinese sportswear brand Xtep recently reported a 12% rise in its revenues to around $638 million or ¥4.14 billion during the first half of the year (H1), including a 16% increase in footwear sales to roughly $400 million (¥2.6 billion).

Regarding the apparel segment, revenues rose by more than 8% to almost $225 million (approximately ¥1.5 billion), whereas accessories declined 8% to $12.2 million (¥79.2 million).

The activewear company said that its operating profits were boosted by nearly 37% to around $105.6 million or ¥684 million.

As of the end of June, the total number of Xtep branded stores worldwide amounted to 6,015, with the majority located in mainland China.

Source: Online/KSU

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