Li Ning Archives - Page 3 of 4 - Inside Retail Asia
Chinese sportswear company Li Ning has reported a narrower loss in 2013 attributing it to the positive impact of its ‘Channel Revival Plan’. Li Ning posted a net loss of 392 million yuan ($63.03 million), far lower than the 1.98 billion yuan ($318.4 million) net loss of 2012. Revenue declined 13 per cent to 5.8 billion yuan ($932.7 million), partly due to a near-term focus on sell-in reductions, inventory clearance and optimisation of store network. “In the past year we were head on con…
Chinese sports goods company expects further erosion of profit in the second half.
Chinese slowdown continues to dent sports goods retailers.
Chinese sports goods retailer expects improvement in the second half.
Sports goods retailer to take ‘cautious’ approach…
Adversity in sports goods industry drags down the retailer’s income.
Chinese sportswear company fails to overcome trading challenges.
Chinese sportswear company struggles to keep sales up.
Chinese sportswear company looks to scale back on austerity.
Chinese sportswear company to sell convertible securities to fund revival.
Chinese sports brand to take restructuring hit.
Li-Ning founder Li Ning sells 25 per cent stake to Viva.