Xtep retail sell-through up 20% YOY in China
09/01/2024
Retail sell-through across online and offline channels was up 20% year on year (YOY), the Hong Kong-based company said, with an inventory turnover of between four and four-and-a-half months.
For the last three months of the year, the brand’s discount rate was 30%.
Xtep announced the purchase of US footwear group Wolverine Worldwide’s share of Merrell and Saucony in China towards the end of 2023. It will pay Wolverine around $60 million for its part in their joint venture.
Image: Xtep.
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