Companies

Third quarter update from 361 Degrees

Oct 18, 2024 China

The Chinese-based activewear company has released a third quarter operational update for the third quarter of the year, reporting consistent growth during the period

According to the operational update, sales of both 361º core brand products and 361º kids brand products increased by 10% in the three months ended September 2024, as compared to the same period of the previous year. The 361º e-commerce platform performed slightly better, with an overall growth of 10%, as compared to the same period last year.

However, 361 Degrees International cautioned that these figures “do not constitute, represent or indicate the full picture of the group’s total revenue or financial performance”, and are subject to change or adjustment later.

In other news, during the third quarter of the year, 361° was announced as the official partner of the Aichi-Nagoya Asian Games 2026 for the fifth consecutive time. “This partnership reinforces our commitment to advancing Asian sports and elevates the global recognition and influence of the 361° brand”.

Board

The activewear company has announced the appointment of Ferheen Mahomed as an independent non-executive director and a member of the nomination committee for a term of three years. She founded C&TM Limited, a consultancy services company, in December 2020 and has since served as its chief executive officer.

Image Credits: John Schnobrich on Unsplash

China 361 Degrees Footwear Quarter Results Results Sportswear