Chinese sportswear giant Li Ning Company Ltd. reported that sales across its entire platform, excluding Li-Ning Young stores, grew in the high single digits year-on-year in the third quarter. Broken down by sales channel, directly operated retail stores posted a mid-single-digit increase, while franchised distributor sales posted a high-single-digit increase. E-commerce posted mid-teens year-on-year growth. Overall, sales grew in the mid-teens, with brick-and-mortar stores (including company-owned retailers and franchisees) up mid-teens and e-commerce growing mid-twenties.
Li Ning operated 6,101 points of sale at the end of the quarter, 166 more than at the beginning of the year.
