Sportswear: runners and also-rans | beyondbrics | News and views ...

Chinese sportswear stocks have been in a funk of late. Fears over growth rates – and a couple of profit warnings – sparked a sell-off in most sports stocks <a href="http://www.nfljerseys-supply.com/"><strong>kids nfl jerseys</strong></a> this month. Not many of them have gotten up off the mat. But one company hopes to make itself the exception – 361 Degrees. On Tuesday, it announced same-store sales growth of 18.1 per cent, while also telling the market that it had added over 200 stores to its Chinese retail network – which now stands at 7,681 outlets. Sales were particularly good <a href="http://www.nfljerseys-supply.com/"><strong>NBA jerseys</strong></a> in April and May, following the arrival of the new lines for the summer season but weakened a little in June, probably because of flooding in parts of Eastern and Southern China, following the worst drought in 50 years. The footwear lines, which have vastly improved in both quality and variety in recent <a href="http://www.nfljerseys-supply.com/"><strong>kids nhl jerseys</strong></a> times, performed especially well despite generally higher price points. Shares responded with a more than 6 per cent bounce. The stock may also have been helped by some bullish analyst calls. Last week CCB International told clients that now was the time to buy in, describing 361 as ‘badly oversold’, and maintaining a price target that would represent a near doubling from recent lows. While it may sit far off last year’s high of almost HK8 a share, 361 Degrees is at least picking <a href="http://www.jolintsai.net/forum/viewtopic.php?p=1023924#1023924"><strong>Blog: fivefoot2z's blog: NFL jerseys</strong></a> up the pace just as its rivals trip up. Related reading: Chinese sports stocks: diving