Anta Archives - Inside Retail Asia

Anta Sports sets sales and profit records

“From a long-term perspective, the Covid-19 outbreak will not last for an indefinite period of time and consumers’ needs for health and fitness products will definitely be heightened, which will contribute to the group’s swift recovery after the crisis.”

Anta Sports Products sales, profit surge

Anta Sports Products is planning more stores after another record profit.

Anta Sports revenue leaps 19 per cent

Anta Sports Products’ half-year revenue grew by 19.2 per cent to RMB7.32 billion.

Chinese sports brands back in the race

A government campaign to encourage healthy living is giving Chinese sports brands traction again in the domestic consumer market.

Anta eyes acquisitions

China’s sportswear company Anta wants to acquire brands to grow its business overseas. But the company did not prove further details about specific companies it is targeting. The bullish outlook was reinforced by a strong first half performance. Anta, which competes with Li Ning, says first half net profit rose 28 per cent to 802.8 million yuan ($130.15 million), up from 625.7 million yuan in the same period a year earlier, beating the forecasts of 758 million yuan. Anta had 7701 stores…

Chinese sportswear brands see rebound

The Chinese sportswear industry is seeing signs of recovery from difficult trading conditions. Anta, whose market value stood at $4 billion, said it booked single-digit percentage growth in orders for third quarter deliveries. Belle International said same-store sales of sportswear shoes increased seven per cent in the three months to February. “The sportswear sector is back on a growth track and Anta is the leader of the trend,” said Spencer Leung, an analyst at UBS in Hong Kong. …

361 Degrees profit slides

Chinese sports goods company expects further erosion of profit in the second half.

Anta axes stores as profit falls

Adversity in sports goods industry drags down the retailer’s income.