Li-Ning up 13% in the first half - sportstextiles: Lea SportsTextiles

News

Li-Ning up 13% in the first half

14/08/2023

China-based sports brand Li-Ning has reported year-on-year revenue growth of 13% for the six months ended June 30.

The company said revenues were up “steadily”, increasing to $1.9 billion.

Overall, retail sell-through rose in the low single digits versus the year previous, whereas channel inventory levels saw a “low-single-digit” reduction, it added.

For the twelve months ended December 31, 2022, Li-Ning's revenues to roughly $3.6 billion, representing a 14.3% rise.


Related stories:

Strong six months for China’s 361 Degrees 31/08/2023
Nike continues girls’ empowerment plans in China 17/08/2023
Projections put cotton consumption below production in the season ahead 09/08/2023
Adidas tailors X Crazyfast boot to China’s astroturf 27/07/2023
China’s Neiwai opens first overseas store in Singapore 26/07/2023
Puma to focus on US and China following strong Q2 26/07/2023
Anta announces Xiamen University public welfare fund 12/07/2023
Anta launches second Global Sportswear Design Award 11/07/2023

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.