The Board of Directors of Xtep International Holdings Limited, which operates retail stores in China for K-Swiss, Palladium, Merrell, and Saucony, in addition to Xtep brand stores, reported that retail sell-through growth in the first quarter, including brick & mortar and online channels, increased approximately 20 percent versus the year-ago comparable period.
The company said the retail discount level was in the 25 percent to 30 percent range.
Channel inventory was estimated, and less than five months on-hand.
