Shoemakers cut inventories to stay afloat
Updated: 2012-03-21 07:17
By Li Tao(HK Edition)
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Workers labor on the production line for women's shoes at a shoe factory in Dongguan, Guangdong province. Mainland shoemaker Daphne International Ltd said it will add 700 stores in 2012 to compete with new brands and deal with a weaker consumption market. Qilai Shen / Bloomberg |
Sector hit by strong competition and weaker footwear retail market
litao@chinadailyhk.com
(HK Edition 03/21/2012 page2)