LI NING (02331.HK): Q2 Retail Waterfall Records Low Single-digit Year-on-year Decline; E-commerce Channel Grows at Mid Single-digit Rate
NewTimeSpace News: LI NING (02331.HK) announced on 15 July its latest operating metrics for the second quarter of 2026. Group-wide retail waterfall of Li-Ning stores (excluding Li-Ning YOUNG) registered a low single-digit year-on-year decline in Q2, while the e-commerce virtual store business achieved mid single-digit growth. The total number of Li-Ning stores stood at 6,063 as at end-June, representing a net reduction of 12 stores quarter-on-quarter. Li-Ning YOUNG outlets totalled 1,516, with a net addition of 52 stores quarter-on-quarter. The data is prepared based on unaudited operating information and subject to revision. Investors are advised to exercise caution.
NewTimeSpace News: On 15 July 2026, Li-Ning(02331.HK) released latest operating performance for the second quarter of 2026. For the second quarter ended 30 June 2026, the overall platform retail waterfall of Li-Ning sales points (excluding Li-Ning YOUNG) recorded a low single-digit year-on-year decrease.
By channel, offline channels (retail and wholesale) posted a low single-digit decline, comprising a low single-digit drop in retail channel and a mid single-digit decline in wholesale channel. The e-commerce virtual store business achieved mid single-digit growth.
In terms of store network, as at 30 June, there were 6,063 Li-Ning sales points (excluding Li-Ning YOUNG), representing a net reduction of 12 stores compared with the end of the previous quarter (net reduction of 66 retail stores and net addition of 38 wholesale stores) and a year-to-date net decrease of 28 stores. Li-Ning YOUNG recorded 1,516 sales points, a net increase of 52 stores quarter-on-quarter and a year-to-date net reduction of 2 stores.
The Company reminded that the figures in this announcement are compiled based on unaudited operating information and are subject to modification or adjustment.
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