Li-Ning’s Comps Grew In The Low-Teens In Q3

Li-Ning Company Limited said same store sales for the third quarter ended September 30 registered a low-teens increase on a year-on-year basis. In terms of channels, retail (direct operation) and wholesale (franchised distributors) registered a high single digit growth respectively, while the e-commerce virtual stores business registered a low-thirties growth.

Retail Sell-Through

The retail sell-through of Li-Ning POS (excluding Li-Ning Young) for the overall platform increased by mid-teens on a year-on-year basis. In terms of channels, offline channel (include retail and wholesale) registered a mid-teens growth with retail increased by mid-teens and wholesale increased by low-teens; the e-commerce virtual stores business registered a low-thirties growth.

POS Numbers

As of September 30, the total number of Li-Ning POS in China amounted to 6,345 representing a net increase of 78 POS since the end of previous quarter and a net increase of 83 POS since the beginning of this year. Among the net increase of 83 POS, direct retail accounts for a net decrease of 35 POS and wholesale accounts for a net increase of 118 POS.

As of September 30, the total number of Li-Ning Young POS in China amounted to 677 representing a net increase of 46 POS since the end of previous quarter and a net increase of 504 POS since the beginning of this year.