專欄詠竹坊

Topsports sprints ahead as foreign-brand boycott fades

The seller of Nike and Adidas brand shoes and sportswear in China said its sales rose by a ‘low 20s’ percentage amount in its fiscal first quarter through May.

This article only represents the author's own views.

Foreign consumer brands are back on the shelf in the “China clothing store,” ending a two-year chill as effects of a consumer boycott dating back to 2021 start to fade.

That’s one of the key messages coming from a brief first-quarter business update from Topsports International Holdings Ltd. (6110.HK), which says its sales rose by a “low 20s” percentage amount year-on-year in its fiscal first quarter that runs through May. There are a few caveats when comparing Topsports to its peers, which we’ll discuss shortly, so please feel free take our assertion about foreign brands returning to favor with a grain of salt.

您已閱讀11%(670字),剩餘89%(5454字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。

詠竹坊

詠竹坊(官網鏈接)提供在香港和美國上市的中國企業相關新聞,重點關注中小企業和籌備上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

相關文章

相關話題

設置字型大小×
最小
較小
默認
較大
最大
分享×