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Retail Asia12/05/2022

As coffee gradually penetrates Chinese people’s daily life in recent years, some none-catering companies are starting to utilize the potential of this newly booming industry. Sportswear brand Li-Ning bursts into the coffee industry this year with Ning Coffee landing in its several offline stores in Beijing, Xiamen and some areas in Guangdong province. Li-Ning said […]

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Retail Asia16/03/2022

Merchandise manufactured by Chinese sportswear giant Li Ning has been banned from entering the US with the company accused of using North Korean labour in its supply chain. The US Customs and Border Protection announced on Tuesday that – under the terms of Countering America’s Adversaries Through Sanctions Act (CAATSA) – the entry of goods […]

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Retail Asia19/01/2021

Li Ning, the gymnast-entrepreneur who lit the Olympic flame during China’s 2008 Games, has bought control of one of Britain’s oldest shoe producers, extending the global shopping spree by Chinese companies for famous international brands. Viva China Holdings, the sports talent agency founded by Li, has agreed to pay £51 million (US$69.7 million) for 51 […]

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Retail Asia18/05/2020

A Chinese company controlled by Li Ning plans to buy a controlling stake in Hong Kong-listed apparel group Bossini, with plans to expand the business in Mainland China. A venture called Viva China will buy 1.09 billion shares in Bossini, paying just HK$46.6 million (US$6 million) for 66.6 percent of Bossini’s issued capital, effectively buying […]

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Retail Asia01/04/2020

Chinese sportswear giant Li-Ning reported a massive 110-per-cent boost in profit for last year on sales up 32 percent. Total revenues reached ¥13.87 billion (US$127.9 million) compared with ¥10.51 billion ($96.95 million) in 2018. Net profit attributable to shareholders increased from ¥715.3 million ($6.6 million) to ¥1.5 billion ($13.8 million). CEO and executive chairman Li […]

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Retail Asia02/09/2019

Consumer desire for a multifunctional wardrobe is set to continue driving the global athleisure wear market, according to data and analytics research group GlobalData. Over the last two years, the athleisure trend has risen as demand for comfort, performance and style has driven the need for a multifunctional wardrobe. 68 percent of consumers who purchased […]

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Retail Asia18/07/2019

Li Ning has issued a positive-profit alert after a preliminary review of its half-year results. The alert bodes well for the company which has emerged from a troubling era after its founder, Li Ning himself, reasserted control of the business as interim CEO. Last year, the company’s first-half profit soared 42 per cent as the […]

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Retail Asia13/12/2018

Chinese sports apparel brand Li-Ning has released a collaboration with esports organisation Edward Gaming (EDG). The Li-Ning X EDG apparel line, which includes hoodies, jackets, tracksuits, and shoes, is now selling at its retail location in Shanghai’s Daning shopping complex. Li-Ning has become one of China’s largest sportswear brands, having signed multiple sponsorship deals with […]

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Retail Asia12/10/2018

Li-Ning Pakistan has made its debut with a flagship in the capital city of Lahore. The Chinese sportswear and accessories giant says the new Gulberg flagship, opened late last month, signals a nationwide expansion in the territory following the introduction of Li-Ning products in resellers earlier this year. Pakistan’s international badminton champion Mahoor Shehzad has […]

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Retail Asia30/03/2018

Stronger margins helped Chinese sportswear brand Li-Ning boost profit attributable to shareholders by 56 per cent last year, to RMB515 million (US$82 million). The company says sales rose 11 per cent to RMB4.176 billion and the net profit margin from 4.1 per cent to 5.8 per cent, with both brick-and-mortar sales and online turnover rising. […]

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Retail Asia28/03/2017

Li Ning e-commerce sales soared 90 per cent last year, driving an overall 13 per cent gain. The Chinese sportswear company closed the year with CNY8.015 billion (US$1.165 billion) in sales, while its gross margin grew 1.2 points to 46.2 per cent. Its net income also increased, reaching US$144.5 million, compared to $116.2 million the […]

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Retail Asia25/05/2016

A government-backed campaign to encourage healthy living is helping give Chinese sports brands traction again in the domestic consumer market. After three tough years with the slowing economy and over-expansion following the Beijing Olympics in 2008, the brands are ready to compete again, thanks to cutbacks in store networks and more choice in online sales […]

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Retail Asia30/03/2016

Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a Rmb781 million loss in 2014. Revenue grew 17 […]

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Retail Asia11/01/2016

Li Ning, the struggling Chinese sportswear company that is one of the mainland’s best known brands, says it will break even for 2015, leaving behind three years of annual losses. In a filing to the Hong Kong stock exchange, the company said it expected to “record an approximate break-even in terms of profit and loss […]

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Retail Asia03/11/2015

Sportswear maker and retailer Li Ning has sold a 10 per cent stake in the Double Happiness table tennis business to Viva China. The deal is worth RMB 125 million in cash and will increase Li Ning’s net cash position by 25 per cent relative to the reported interim net cash position. Li Ning says […]

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Retail Asia24/10/2015

Hong Kong-listed Chinese sportswear brand Li-Ning has released the vaguest operational update of the year – but nevertheless, it’s clear the brand is still growing. A year after seemingly being down for the count, Li-Ning revealed a first half year profit in August, proving its massive transformational program was have a positive effect. Now the […]

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Retail Asia19/08/2015

Just a year ago, sports retailer Li Ning seemed down for the count, battling to stem the red ink. This week it released its half year results to June 30: Revenue rose 16 per cent and it has finally returned to profit. The once beleaguered Chinese sports brand – which peaked in brand awareness about […]

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Retail Asia24/03/2015

Embattled Chinese sportswear brand Li-Ning is continuing to rebuild its massive Chinese store network as it works to return to profitability. The company ended the year with 5626 stores, a net decrease of 289. But it boosted its company-operated store network by nearly 30 per cent as it continued to cull franchisees across the nation. […]

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