Over One Thousand Peak Sports Stores Have Closed in 2012

Chinese sportswear company, cough Peak Sport Products had cut a total of 1,067 authorised retail outlets this year by the end of September, according to recent reports.

According to a sales report released by Peak Sport, 283 outlets were closed in the first quarter of 2012. Another 464 were shut down in the second quarter and a further 320 in the third quarter.

Peak Sport said in its mid-year report that the average turnover of its authorised retail outlets decreased by 30 percent compared with the same period in 2011.

The value of orders Peak Sport received for the second quarter in 2013 shrank by 20 percent to 30 percent compared with the same period this year.{jcomments on}