China sportswear firm Anta's turnover falls 14pc in first half amid oversupply

The firm's average inventory turnover period rose by eight days in the first six months to 58 days. Anta tried to solve its excess inventory problem by destocking - lowering prices, making use of online sales platforms, closing inefficient stores and controlling new retailer orders.

via Business feed http://www.scmp.com/business/companies/article/1294833/china-sportswear-firm-antas-turnover-falls-14pc-first-half-amid