Li Ning stages comeback
By Gao Changxin in Hong Kong | China Daily | Updated: 2013-08-13 07:24
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Li Ning Co Ltd's inventory turnover ratio fell to less than seven months from nine months at the end of 2011. Same-store sales at its direct-sale stores grew 9 percent in the first half. Provided to China Daily |
Chinese sportswear firm holds positive outlook as excess inventory drops
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