Chinese group Xtep Intl., which acquired 100 percent of the Saucony and Merrell business in China in December and divested K-Swiss and Palladium in May, said in an operational update on July 15 that retail sales (including offline and online channels) for its core Xtep brand grew 10 percent in the second quarter of 2024 and were up “high single digits” in the first half of the year. The retail discount was around 25 percent in the quarter, while the inventory turnover in the distribution channels was four months in the first half year. The group did not comment on the results of the Merrell and Saucony brands in China.

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