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Xtep International's Core Brand Retail Sales Decline in H1 Amidst Challenging Retail Environment

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Xtep International Holdings (HKG:1368) reported a low single-digit year-on-year decline in retail sell-through for its core Xtep brand in the first half of 2026, with inventory turnover of 4.5 to 5 months, according to a Friday Hong Kong bourse filing.

Saucony's retail sell-through grew by low teens year over year during the period.

In the second quarter, Xtep's core brand retail sell-through declined by mid-single digits and Saucony recorded low single-digit growth.

The retail discount level for the core Xtep brand was between 25% and 30%.

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