Peak Sport Products Co., Limited, together with its subsidiaries referred to as the “Group”; stock code: 1968) is pleased to announce that its 2011 Q1 and Q2 sales fair orders have recorded a satisfactory growth by value of 25 % and 24 % respectively when compared to the same periods in 2010 and that the same store sales for the third quarter ended 30 September 2010 has grown by 13 % when compared to the same period last year.
Peak’s 2011 Q1 and Q2 sales fair was successfully held at Xiamen International Conference and Exhibition Center from 18 to 20 September. The Group launched in the sales fair a total of 536 new apparel and 315 new footwear products including a series of WTA-PEAK co-branded tennis products and the latest generations of NBA star products for the spring and summer of 2011.
Set out below are the order growth by value and growth in average selling prices at the wholesale level (“ASP”) analysed by two major product categories of the Company for the first two seasons in 2011 when compared to the same periods in 2010:
Mr. XU Zhihua, the Chief Executive Officer of Peak, said, “The results of Peak’s 2011 spring and summer sales fair meet our expectation with growth rates outperformed the market average. I believe that we have obtained trust and support from our distributors because of the Company’s high-quality products, extensive sales network, and above all, our clear positioning of the Peak brand as well as our effective promotion strategies in building up an international and professional brand image, which have been enhancing the recognition of our brand in both domestic and overseas markets. The Company’s operating and development strategies have been well-recognized in this sale fair. As a result, we will endeavor continuously in expanding and strengthening Peak’s business to further increase the return to our shareholders.”
