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361 Degrees with continued sales growth

Oct 18, 2016 Hong Kong
361 Degrees with continued sales growth
The Hong Kong-based group delivered a 7.3% growth for the 361° Core Brand sales during the third quarter of 2016
By the end of the period under analysis, there were 295 new stores, against 511 closures, bringing the company’s distribution network for 361º Core Brand to a total of 6 637 outlets. The company aims to maintain a network of stores for this business segment at around the 6 500 units, so this movement is aimed at that level.

Based on data from a sample of 3 509 outlets which have been in operation for more than 24 months, the group delivered a 7.3% growth for the 361° Core Brand same store sales.

Regarding independently-run business unit 361° Kids Brand, the group has confirmed that by the end of the third quarter of 2016, there were 60 new stores, bringing the total to 2 231 points of sale for 361° Kids.

Same store sales growth for this business segment reached 7.3% in the period.

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