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Li Ning narrows loss

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…

361 Degrees profit slides

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

Exceed shutters almost 500 stores

Chinese slowdown continues to dent sports goods retailers.

Li Ning’s revenue slides

Chinese sports goods retailer expects improvement in the second half.

Intersport to enter China

Sports goods retailer to take ‘cautious’ approach…

Anta axes stores as profit falls

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

361 Degrees culls network

Chinese sportswear company fails to overcome trading challenges.

Peak closes 125 stores

Chinese sportswear company struggles to keep sales up.

Li Ning posts first loss since 2004

Chinese sportswear company looks to scale back on austerity.

Li Ning on fund raising plan

Chinese sportswear company to sell convertible securities to fund revival.

Li Ning warns of heavy loss

Chinese sports brand to take restructuring hit.

Li-Ning sells stake

Li-Ning founder Li Ning sells 25 per cent stake to Viva.