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Li Ning's Retail Sell-Through Rises by 'Mid Single-Digit' in Q1 2026

-- Li Ning (HKG:2331) said its retail sell-through in the first quarter of 2026 increased by "mid single-digit" year-over-year, according to a Wednesday Hong Kong bourse filing.

Sales through offline channels, including retail and wholesale, registered a mid-single-digit rise, with direct retail up in the low teens and wholesale increasing by a low-single-digit.

E-commerce sales grew by a high single-digit over the period.

As of March 31, Li Ning operated 6,075 points of sale (POS) in China, down 16 from the start of the year. Its youth-focused Li-NING YOUNG network fell to 1,464 POS, down 54 since the beginning of this year.

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