361 Degrees provides fourth quarter update
The Chinese-based company has issued an operational update on its fourth quarter performance, with retail sales of its 361º Kids brand standing out with 40% year-over-year growth
According to the operational update, in the three months which ended in December 2023, sales of 361º core brand products increased by 20%, while sales of 361º kids branded products grew by 40%, on a comparable basis to the same period of last year.
The activewear company also provided an update on the performance of its 361º E-commerce Platform, reporting an overall growth of 30% in the fourth quarter of 2022, as compared to the same period of the previous year.
However, 361 Degrees International highlighted that these figures “do not constitute, represent or indicate the full picture of the group’s total revenue or financial performance”, and may be changed or adjusted later.
Image Credits: Adeolu Eletu on Unsplash
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