Net income increased 13% in the first half to RMB 752,065,000 ($103.9 mm) from RMB 665,417,000 as the top line hit RMB 7,203,158,000 ($994.9 mm), a 10% improvement from RMB 6,522,437,000 last year. The core Xtep brand grew by 7% to RMB 5,789.2 million, led by a more than 20% jump in e-commerce sales to account for over 30% of brand sales. Store count at the end of the quarter was 6,578 for the core brand and another 1,706 Xtep Kids stores in Mainland China.
Merrell and Saucony, which Xtep now owns ... Log in to view full article.