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ArticleXtep refinances HK$500m debt via new bond
Chinese sportswear group extends debt maturity by three years through concurrent repurchase and issuance, securing lower funding costs.
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News briefsXtep goes multi-channel in Malaysia
Xtep forms joint venture with Bonia Corporation in Malaysia, opening flagship store at Mid Valley Megamall as part of Southeast Asia expansion strategy.
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News briefsXtep posts low-single-digit Q3 growth for core brand; Saucony exceeds 20% in China
Xtep posts modest Q3 growth for main brand while Saucony China jumps over 20%, underscoring premium vs. mass-market divergence.
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News briefsSaucony exceeds 40% retail growth in China in Q1
MS Sports Company Limited reports retail trends for its core Xtep and Saucony brands.
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ArticleXtep Intl. realigns strategy, raises FY operating profit by 9.3 percent
Saucony’s parent company´s revenue from continuing operations increased by 6.5 percent to RMB13,577.2 million (€1.782b).
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News briefsChinese firms Stella and Xtep provide operational updates
Footwear manufacturer Stella International reported an 18.9 percent increase in consolidated Q1 revenues to $338.4 million from $284.6 million for the three months ended March 31. Shipping volume increased by nearly 22 percent year-over-year, led by the sports category, to 11.7 million pairs. However, the average selling price (ASP) of ...
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News briefsK-Swiss appoints Andrew Richard as VP of Lifestyle
Source: K-Swiss Andrew Richard K-Swiss has appointed industry veteran Andrew Richard as Vice President of Lifestyle, a newly created role. Most recently, Richard served as VP / GM of North America at FootBalance System, where he helped the company build and expand the distribution of its 3D ...
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News briefsXtep updates Q4, FY23 results in Greater China
Annual sales for Xtep International in FY23, in both offline and online channels, rose more than 20 percent year-over-year, the company reported yesterday. Inventory turnover for the 12 months was 4 to 4.5 months. Meanwhile, in Q4, which ended Dec. 31, 2023, the Chinese group generated year-over-year retail sales ...
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News briefsChinese firms offer Q1 business updates
Anta Sports Products Limited reported sales increases for all businesses for the period ended March 31. Revenues for Anta branded products rose by mid-single digits year-over-year; Fila brand sales increased by high-single digits year-over-year; and all other brands generated 75 to 80 percent year-over-year sales growth in the period, the ...
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News briefsXtep International provides update on Q4, FY22 results
Xtep International is forecasting a high single-digit sales decline, including retail and online channels, for the fourth quarter ended Dec. 31, 2022, when the discount level was approximately 30 percent versus 20 to 25 percent in the year-ago period. Anticipated full-year results call for mid-teens year-over-over revenue growth and a ...
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