Li Ning Archives - Page 2 of 4 - Inside Retail Asia

Li Ning e-commerce sales leap 90pc

Li Ning e-commerce sales soared 90 per cent last year, driving an overall 13 per cent gain.

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.

Li Ning skips out of the red

Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses.

Li Ning reaches break-even point

Hong Kong listed Chinese sportswear giant Li Ning has issued a positive profit warning, with increased sales and a one off gain pushing it back into the black.

Li Ning sells stake in Double Happiness

Sportswear maker and retailer Li Ning has sold a 10 per cent stake in the Double Happiness business to Viva China.

Li-Ning growth strengthens

Hong Kong-listed Chinese sportswear brand Li-Ning has released the vaguest operational update of the year – but the it’s clear the brand is growing.

Li Ning completes resurrection

Just a year ago, Li Ning seemed down for the count, battling to stem the red ink.

Li-Ning retail revamp finally working

Chinese sportswear brand Li-Ning is continuing to rebuild its massive Chinese store network as it works to return to profitability.

Li Ning seeks more cash

China’s biggest sportswear brand Li Ning is planning to raise US$218 million to fund growth and restructuring. The company plans a share issue ata price representing a 21.92 per cent discount on the previous trading close, a move which saw its share value decline in subsequent trading. Li Ning is under relentless pressure from local rivals including ANTA Sports Products and international brands like Nike, adidas and Converse. While the company said the cash injection would “support …

Li Ning loss widens

Chinese sports brand company Li Ning saw a net loss of 585.8 million yuan ($95.2 million) in this year’s first half compared to 184.2 million yuan loss last year. The company blamed the loss on upfront investment to implement the ‘Transformation Plan’ and reduced sell-in following a period of channel inventory stock reduction. Revenue increased eight per cent to 3.1 billion yuan due to the higher retail sales of new products with the group’s expanding self-owned retail store network. It…

Li Ning picks Oracle

China’s sports apparel and equipment company Li Ning is speeding up its transformation from manufacturer and wholesaler to a greater reliance on direct-to-consumer retailing. The Beijing-based company, which manufactures, develops, distributes, and sells sports products under several brands, has experienced strong sales in the last few years but is facing losses in an overcrowded sports goods apparel sector. It plans to transform its business from a majority wholesale model to include expan…

Li Ning to sink into the red

Chinese sports goods retailer Li Ning continues to struggle financially, warning of a widened net loss in the first half. Li Ning, whose backers include US private equity firm TPG Capital Management, expects a net loss of at least 550 million yuan ($88.66 million) on costs on sales network expansion and operation shake up. That’s higher than its net loss of 184 million yuan during the first half of 2013. However, executive chairman Li Ning said the company’s reforms will improve its fin…