Anta Sports Products was apparently less affected by the coronavirus outbreak during the first quarter in its home market than the big international brands, which previously reported declines of up to 80 percent in the country. In a preliminary statement, Anta, which operates mainly in China, indicated that retail sales of Anta branded products fell by between 20 and 25 percent during the quarter as compared to the same period a year ago. Its sales of Fila branded products, which had enjoyed stronger growth than Anta’s last year, were down by a mid-single-digit rate, said the group. For Descente and other brands distributed by the company, sales slipped by a high-single-digit rate. Anta’s preliminary report did not mention anything about its financial performance, which is partly dependent on the results of minority-owned Amer Sports.

Topics