China Retail Billionaire’s Metersbonwe Posts Loss As E-Commerce Squeeze Continues

Struggling Shanghai Metersbonwe Fashion and Accessories, one of China’ s biggest home-grown apparel and fashion chains, lost 95 million yuan, or $14.9 million, in the first half of 2015, reversing a profit of 179 million yuan from the first six months of last year, the company said today.   Sales dropped 7% during the period to 2.8 billion yuan.

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