Anta Sports Products, Ltd., which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported that retail sales, in terms of retail value, for the Anta brand in the third quarter of 2023 increased in high-single-digit as compared to Q3 2022.
Fila brand retail sales posted low-teens positive growth in the quarter compared to the year-ago period.
All Other Brands, including Descente and Kolon Sport but excluding Amer Sports Corp.’s businesses under Amer Sports Holding, (Cayman) Ltd.’s joint venture, saw retail sales of all other branded products increase 70 percent to 75 percent versus the comparable period in 2022.
The growth trend for the Anta brand retail the All Other Brands retail trend for the quarter accelerated from the first-half trend, while the Fila brand retail trend contracted in Q3 from its first-half trend.
The company previously reported retail sales for the Anta brand for the first half of 2023 increased in mid-single-digits compared to H1 2022. Fila brand retail sales posted positive mid-teens growth compared to the year-ago period. All other brands, including Descente and Kolon Sport but excluding Amer Sports Corp.’s businesses under the joint venture of Amer Sports Holding (Cayman) Ltd., saw first-half retail sales increase 45 percent to 50 percent versus the comparable period in 2022.
Retail sales refer to the revenue, inclusive of value-added tax, if any, derived from sales to consumers transacted in brick-and-mortar stores (offline channel) and on e-commerce platforms (online channel), part of which being owned and operated by the Group and the rest being owned and operated by the Group’s distributors, franchisees and/or the distributors’ franchisees. Accordingly, retail sales do not represent the Group’s total revenue, and the Group considers the same to be a business operational indicator of the various brands of the Group.
