Belle revenue grows 20% on strong footwear sales

25/03/2011

Chinese footwear and sportswear retailer Belle International recorded net income growth of 35.2% year on year to $523 million in 2010, according to a company announcement published on March 23, 2011. Total revenue increased 20% year on year to $3.6 billion, which the company attributed to an increase in footwear sales to $2.2 billion in 2010 from $1.8 billion in 2009.

 

The Shenzhen-based company’s sportswear apparel businesses generated $1.4 billion in 2010, compared with $1.2 billion in the previous year.

 

The retailer made more than $30.5 million in online sales in 2010, according to February reports.