EXEC: Xtep Intl Sees Accelerating Q2 Growth for the Core Xtep Brand

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

EXEC: Xtep Intl Sees Accelerating Q2 Growth for the Core Xtep Brand

SGB Executive

EXEC: American Outdoor Brands Stymied by Q1 Shooting Sports Weakness

EXEC: Callaway and Topgolf Management Outline Separation Plan

EXEC: Dick’s SG Tempers Outlook for H2 on Concerns Over Consumer

EXEC: Nordstrom Family Offers Path to Take Namesakes Retailer Private

EXEC: Sportsman’s Warehouse Lowers Outlook as Q2 Hurt by Tight Inventories

EXEC: Mountain Warehouse Approved as Winning Bidder in EMS Asset Sale

EXEC: Top Bidders Named in Asset Auction for Salt Life, Soffe and DTG2Go Brands

EXEC: Lululemon to Fast-Track New Product but Cuts 2024 Guidance

EXEC: Athleta’s Q2 Comps Decline as Expected; Expects Return to Growth in H2

EXEC: Birkenstock Shares Fall as Sales and Earnings Miss Consensus Estimates

EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle

EXEC: Wall Street Reacts as Foot Locker CEO Talks Turnaround Plan and Positive Q2 Comps

EXEC: Sports Direct Parent Invests in Australian Sportstyle Retailer

EXEC: Slinger Bag Headed Toward Another Ownership Transition

EXEC: Saucony and Merrell Post H1 Surge in China as Xtep Takes Full Control