Belle reports 19.7% lower profits

Belle International's net income for the six months ended Aug. 31, 2016, tumbled by 19.7 percent over the year-ago period to 1,733 million yuan renmimbi (€234.0m-$261.0m), as the group's footwear business faced challenges. The Chinese retailer said changes in foot traffic across various retail channels as well as shifting style ...