Li Ning Sees Higher ASPs, Lower Sales in Q2
The Hong Kong company has taken a more “conservative” outlook on its fiscal 2011 growth forecast based on what it calls, “heavy pressure” on the retail sporting goods industry. Li Ning’s order book fell about 6%. Average selling price gains of more than 8% were offset by a 7% decline in apparel unit sales and 8% drop in footwear units. Overall orders dropped as a ... Log in to view full article.
