China's Li Ning sets 10% growth target for same-store sales

03/19/2010 | Standard (Hong Kong), The

Li Ning, a Chinese sportswear retailer, posted a decline in same-store sales last year, but is planning to rebound in 2010. "Our same-store sales grew 6.5% in January and February, and our third-quarter orders recorded 20% year-on-year growth," said Chong Yik-kay, chief financial officer at Li Ning. The company, which owns 7,250 stores in China, plans to invest about 200 million yuan to open hundreds of new stores as well as a production plant.

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Standard (Hong Kong), The

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