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Shoemakers cut inventories to stay afloat

Updated: 2012-03-21 07:17

By Li Tao(HK Edition)

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 Shoemakers cut inventories to stay afloat

Workers labor on the production line for women's shoes at a shoe factory in Dongguan, Guangdong province. Mainland shoemaker Daphne International Ltd said it will add 700 stores in 2012 to compete with new brands and deal with a weaker consumption market. Qilai Shen / Bloomberg

Sector hit by strong competition and weaker footwear retail market

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

Shoemakers cut inventories to stay afloat

litao@chinadailyhk.com

(HK Edition 03/21/2012 page2)