特步国际：2025年特步主品牌零售销售实现低单位数同比增长

Core Viewpoint - The operational performance of Xtep International (01368) in mainland China for Q4 2025 shows stable retail sales for its main brand, while the Saucony brand experienced significant growth [1] Group 1: Retail Sales Performance - For the three months ending December 31, 2025, retail sales of the main brand remained flat year-on-year, with retail discount levels between 70% to 75% [1] - For the full year ending December 31, 2025, retail sales of the main brand achieved low single-digit year-on-year growth [1] - Saucony retail sales, including both online and offline channels, recorded over 30% year-on-year growth for both the quarterly and annual periods [1][1]