Core Viewpoint - Xtep International reported stable retail sales growth for its main brand, while its Saucony brand experienced significant growth, indicating a mixed performance across its product lines [2] Group 1: Retail Performance - As of December 31, 2025, retail sales for Xtep's main brand showed a year-on-year growth of 0%, with retail discount levels maintained between 70% to 75% [2] - The Saucony brand achieved over 30% year-on-year growth in retail sales, highlighting its strong market performance [2] Group 2: Operational Insights - For the fiscal year 2025, Xtep's main brand is expected to see low single-digit year-on-year growth in retail sales, indicating a modest outlook [2] - Inventory turnover for channels is approximately four and a half months, suggesting a stable inventory management strategy [2] - The Saucony brand continues to maintain over 30% year-on-year growth, reinforcing its position in the market [2]
特步国际：2025年特步主品牌零售获低单位数增长