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Article Date: July 2020
Word Count: 132

Chinese Sportswear Brands Report Sales Declines in Q2


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.

 


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