19 April 2019

More 361 Degrees outlets shut shop in 3Q, filing says

Sporting goods and apparel maker 361 Degrees International Ltd. (01361.HK) shed 257 franchised retail outlets in the third quarter, bringing the total number to 7,569 stores, the company said in a filing to the stock exchange late Monday. The fall followed a net decrease of 13 stores in the first quarter and 243 in the second. In the three months to September, its same store sales and retail channel inventory remain unchanged from the second quarter. The company said 361 Kids, an independently run business unit, continues to grow in strength, without giving exact data.

– Contact HKEJ at [email protected]



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