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Li Ning Q3 Retail Sell-Through Falls by Low Single Digits Year on Year

By Public Technologies
  • Li Ning’s retail sell-through, excluding LI-NING YOUNG, fell by low single digits year over year in the third quarter ended September 30, 2026.
  • Offline sales declined by mid-single digits, with directly operated retail flat; franchised wholesale sales fell by mid-single digits.
  • E-commerce sales grew by high single digits year over year.
  • LI-NING outlets in China, excluding LI-NING YOUNG, totaled 6,099, up 36 from the previous quarter.
  • LI-NING YOUNG’s China network shrank by 25 outlets from the previous quarter to 1,491.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Li Ning Company Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261026-12382781), on October 26, 2026, and is solely responsible for the information contained therein.

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