Through streamlining internal operations via optimizing infrastructure methods leading to lower costs combined with a growth in the company's retail revenue stream, Zuoan is growing at a relatively good clip. The fashion retailer has a lot going for it right now and they're well on their way to dominating even more of the market.
Zuoan Fashion Limited (NYSE: ZA) ("Zuoan" or the "Company"), a leading design-driven fashion casual menswear company in China, today announced its financial results for the third quarter ended September 30, 2012.
James Hong, Founder, Chairman of the Board and Chief Executive Officer, commented, "Our revenue growth was a result of increased distributor sales volumes as well as increased sales volume from our direct stores. We came in slightly below our third quarter top line revenue forecast largely due to an inventory shipment delay to distributors of approximately RMB58.8 million, resulting in a shift in revenue recognition to the fourth quarter instead of our third quarter. Read More