CROSBY Research – 361 Degrees (1361 HK/BUY): Plans to open 100 Super Premium Stores this year

15 May 2026

361 Degrees announced its 1Q26 operational results, with offline retail sales for its 361° Core Brand recorded a +10% growth YoY (4Q25: +10%, 3Q25: +10%), while 361° Kids was up by +10% YoY (4Q25: +10%, 3Q25: +10%). Online sales continue to grow healthily and recorded a mid double-digit YoY sales growth during the period (4Q25: high DD, 3Q25: ~20%). Retail inventory turnover was at a healthy level of 4.5-5 months (flat QoQ), while the retail discount level was at around 30% (4Q25: 29-30%).