Li Ning Company Limited registered a low-single-digit increase on a same-store sales year-on-year basis in the third quarter ended September 30, driven by high-thirties growth in e-commerce.
Both retail (direct operation) and wholesale (franchised distributors) channels registered a mid-single-digit decrease.
For the third quarter, Li Ning said retail sell-through of Li Ning POS (excluding Li Ning Young) for the overall platform increased by mid-single-digit on a year-on-year basis. In terms of channels, offline channels (include retail and wholesale) registered a low-single-digit decline, with retail remained flat and wholesale decreased by low-single-digit; e-commerce virtual stores business registered a low-forties growth.
Photo courtesy Li Ning
