Xtep’s profits slide due to restructuring

2018-03-28T00:00:00

Xtep International saw its net profit tumble in 2017 due to a clean-up of inventories intended to support a shift toward the running market. The Chinese sports apparel and footwear company spent 150 million yuan renminbi (€19.3m-$23.8m) to repurchase all products made before 2015 in retail channels, and to process them ...

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