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361 Degrees Q3 SSS growth 16% year on year

361 Degrees Q3 SSS growth 16% year on year

Write: Cromwell [2011-05-20]

Fujian-based sports retailer 361 Degrees International recorded same store sales growth of 16.2% y-o-y in the third quarter of this year, aastocks.com reported on October 13. 361 Degrees added 89 stores in the third quarter, bringing its total to 7,016, with the majority of new openings located in northern China, the report said.

361 Degrees made net income of RMB 217.8 million in the second quarter of 2010, compared with net income of RMB 190.9 million in the first quarter of 2010 and a net loss of RMB 393.7 million in the second quarter of 2009.