特步国际(01368.HK)：2025年度主品牌内地零售销售实现低单位数同比增长 索康尼实现超过30%同比增长

Core Viewpoint - Xtep International (01368.HK) reported stable retail sales growth for its main brand in Q4 2025, while its subsidiary Saucony experienced significant growth exceeding 30% year-on-year [1] Group 1: Retail Sales Performance - In Q4 2025, retail sales for Xtep's main brand (including online and offline channels) remained flat year-on-year, with retail discount levels around 70% to 75% [1] - For the full year 2025, Xtep's main brand retail sales achieved low single-digit year-on-year growth, with inventory turnover at approximately four and a half months [1] - Saucony's retail sales growth (including online and offline channels) exceeded 30% year-on-year in both Q4 2025 and for the full year [1]