Net income attributable to shareholders was off 11% to RMB 817,888,000 ($122.7 mm) from RMB 913,568,000 for the first half as revenue inched down 1% to RMB 6,794,917,000 ($1,019.2 mm) from RMB 6,837,642,000. Footwear sales growth of 3% to RMB 4,271.6 million was offset by a 6% decline in apparel to RMB 2,402.4 million and an 8% decline in accessories to RMB 120.9 million.

The Mass Market segment, home of the core Xtep brand, dipped 2% to RMB 5,919.9 million. To chase shifting consumer preferences, Xtep boosted its on-mall presence and direct-to-consumer ... Log in to view full article.