Preview - Please log in to view full article.

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.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.