3/19/2010

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.

Related Summaries