Home / Knowledge / News / Apparel/Garments / LI-NING Brand Products Trade Fair meets expectations
LI-NING Brand Products Trade Fair meets expectations
26
Aug '11
Li Ning Company Limited one of the leading sports brand enterprises in China, announces the conclusion of LI-NING Brand Products Trade Fair for the first quarter of the financial year 2012. Order value grew at a mid-single digit pace year-on-year, an improvement from the growth recorded for the fourth quarter Trade Fair of the financial year 2011. The average retail price of new products and order volume both recorded low-single digit increases. Since the Group no longer adjusts the wholesale discount rate for the financial year 2012, there will no longer be discrepancies between the order growth rates as calculated by tagged retail prices versus sell-in prices.

Mr., Zhang Zhi Yong, CEO of the Group, commented, "The results of this Trade Fair are within our expectations. Despite overall growth has not shown pronounced acceleration in relation to the past few quarters, there are two developments that warrant particular attention. First, the order volume has reversed the downward trend from the past three quarters and posted a positive growth. Second, the order value of footwear products grew faster than that of apparel products. We consider these good indications. The reform measures that the Group proactively implemented are gradually yielding harvests. This has further strengthened our management's confidence. Nevertheless, the industry is still undergoing transformation, notable improvements have yet to emerge in the macro environment and we are going through a period of proactive adjustment. We will persist to implement reforms along this correct direction, while reviewing and enhancing our execution on an ongoing basis."

Li Ning Company Limited is one of the leading sports brand enterprises in China, possessing brand marketing, research and development, design, manufacturing, distribution and retail capabilities. The Group's products mainly include footwear, apparel, equipment and accessories for sports and leisure uses under its own LI-NING brand. The Group has established an extensive supply chain management system, and a retail distribution network in the PRC primarily through outsourcing of manufacturing operations and distribution via franchised agents. The Group also directly manages retail stores for the LI-NING brand.

Li Ning Company Limited


Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search