Li Ning reports mixed Q2 performance across channels

Li Ning Company Limited reported mixed second quarter performance, with overall retail sell-through up by low-single-digits excluding its young brand division.

E-commerce virtual stores grew by mid-single-digits, while offline channels declined by low-single-digits. Direct retail operations fell by mid-single-digits, though wholesale grew by low-single-digits.

The company's store count reached 6,099 points of sale in China as of June 30, up 11 from the previous quarter but down 18 year-to-date.