Xtep International, a key retail partner for the Saucony and Merrell brands in China and now a 40 percent owner of the Saucony IP in the country, reported its second-quarter sales results for the core Xtep Brand in the domestic market.
The company posted a 10 percent year-over-year growth for the offline and online channels in China, with a discount level of approximately 25 percent for the three months ended June 30.
For the six-month first half period, ended June 30, Xtep International reported sales in the offline and online channels increased in the high-single-digit range year-over-year for the core Xtep Brand. Channel inventory turnover was said to be around four months at the end of June.
Image courtesy Xtep/Saucony
