Xtep Posts Mid-Single-Digit H1 Retail Growth for Core Brand, Saucony Up Over 30%
MT Newswires Live
Jul 16
Xtep International Holdings (HKG:1368) reported mid-single-digit year-over-year retail sell-through growth for its core Xtep brand in the first half, with inventory turnover between 4 and 4.5 months, according to a Wednesday Hong Kong bourse filing.
Saucony retail sell-through grew more than 30% during the six months.
In the second quarter alone, the core brand's retail sell-through posted low-single-digit growth, while Saucony rose more than 20%. The retail discount level for the core brand was between 25% and 30%.
Shares of the company gained about 1% in recent trade.
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