Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, increased by mid-single-digits year-over-year in Q3. Retail/wholesale (offline channel) sales rose by high single digits; direct sales improved by the “low twenties,” wholesale franchised distributor sales inched up by a low single digit, and e-commerce sales slipped by a low single digit.
In Q3 end, Li Ning, excluding the Young business, had 6,294 points-of-sale in China, 127 more than at the end of Q2. Meanwhile, the total number of Li-Ning Young locations stood at 1,370 on Sept. 30, an increase of 89 from the end of Q2.
