Xtep said that retail sell-through dropped low-single digits in the second quarter, and that retail discount level was 30-35%, with a higher than usual 5.0 to 5.5 months of inventory in the channel. Xtep warned that first half net income would be down 45%-55% on a mid-single-digit top line decline for the Xtep brand and a steep falloff in K-Swiss and Palladium, as stores in the ... Log in to view full article.