XE Flavor reports record loss amid austerity drive
date:Mar 03, 2014
duck restaurant chain, is estimated to have fallen 28.4 percent in 2013, the first decline in five years. The company said in January that its sales were affected by a decline in high-end customers and concerns over avian flu.

Meanwhile, XE has had to adapt to changing times. It plans to target mainstream customers. It's also shut some stores that seem unlikely to be profitable again.

Five restaurants in Hohhot, Nanjing and Wuhan were closed, while the floor area of one outlet in the Xidan ar
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