Xingquan International Sports Holdings Ltd (Xingquan) has received total orders of RM333 million for its GERTOP brand of shoes, apparels and accessories at its Spring/Summer 2012 Sales Fair held in Quanzhou, China.
Its chairman and chief executive officer Wu Qingquan said the response from its customers at the sales fair reinforced their confidence in its GERTOP brand as a well demanded outdoor casual wear brand.
Wu said that based on market research conducted by Converging Knowledge Pte Ltd, the outdoor casual wear market in China was expected to grow at 30% annually in the next two years (2011 – 2012), thereafter slowing down to 20% in the third year (2013) to reach approximately RMB55 billion (RM27.3 billion) by 2013.
Its chairman and chief executive officer Wu Qingquan said the response from its customers at the sales fair reinforced their confidence in its GERTOP brand as a well demanded outdoor casual wear brand.
Wu said that based on market research conducted by Converging Knowledge Pte Ltd, the outdoor casual wear market in China was expected to grow at 30% annually in the next two years (2011 – 2012), thereafter slowing down to 20% in the third year (2013) to reach approximately RMB55 billion (RM27.3 billion) by 2013.
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