Sales shrink by 66.3% at Exceed

2013-05-31T00:00:00

The cleanup of the Chinese sports market badly hurt the quarterly performance of Exceed Company, the group that markets the Xidelong brand of shoes and apparel, which targets the mass market. Its sales shrank to 301.1 million renminbi (€38.0m-$49.1m) for the three months until the end of March, which was ...

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