Net income attributable to shareholders increased 20% to RMB 2,211.3 million ($312.2 mm) in the fiscal year ended Feb. 29, up from RMB 1,836.6 million, as revenues at China’s biggest sportswear retailer grew 7% to RMB 28,933.2 million ($4,084.3 mm) over RMB 27,073.2 million. As the macro environment and consumer confidence in China rebounded, promotional activity normalized and the major slashes to the store fleet were curtailed. The fleet saw a net decrease of 421 on 526 openings against 947 closures, dropping from last year’s spike of 1,130 shutterings. Total count ... Log in to view full article.