In the first half of the year, the revenue was 7.203 billion yuan. Ding Shuibao, CEO of Xtep International, stated that the company is focusing on the running business and has plans to expand overseas. This was reported in the earnings conference.
In the first half of this year, Xtep announced the strategic sale of its fashion sports business of GSW and Palladin brands, and focused resources on running business, increasing investment in Saucony brand. This move is regarded as an important adjustment to Xtep's global strategy. Xtep's e-commerce revenue recorded growth of over 20% in the first half of this year, with retail sales on Douyin, D2C, and WeChat Video increasing by more than 80% year-on-year.
Li Ning has held steady during the sports season.
Footwear business contributes the most.
Xtep accelerates to fight in lightweight gear.
If you don't advance, you retreat.
Li Ning Company Limited Goes Ex Dividend Tomorrow
Li Ning is in a hurry; the high-end transformation of “Brother Guochao” has failed
After the 2023Q3 results were released, Li Ning's market capitalization crisis escalated again. In order to reverse the situation, Li Ning took a number of major measures. However, these measures failed to effectively boost stock prices, and forced Li Ning to re-examine its strategic planning and development path, and there is an urgent need to restore investor confidence.
Financial Report 2023|Did 361 Degrees get killed by mistake
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