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Belle International stock slips as footwear sales fall

Source:China Leather Web Date:2017-01-17

HONG KONG -- Women's footwear retailer Belle International Holdings saw its shares drop 6.2%, or 0.29 Hong Kong dollars, on Monday to HK$4.36 as pessimism spread about declining sales.

After trading closed on Friday, the Chinese company behind the BeLLE brand reported that its women's footwear business suffered a 13.4% decline in same-store sales for the September-November period.

The fall was steeper than the 10% decrease seen in the June-August term.

On the other hand, Belle International's apparel business -- which handles Nike and Adidas sportswear -- posted a same-store sales increase of 4.6%.

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