×
73 194
Fashion Jobs
L'OREAL GROUP
Senior Manager, Operations Development, l'Oreal Dermatological Beauty
Permanent · Clark
L'OREAL GROUP
Retail Keyholder pt
Permanent · Naperville
L'OREAL GROUP
l'Oreal Vice President, Fragrances (Lid)
Permanent · Miami
L'OREAL GROUP
Senior Manager, Search Lead (SEM, SEO & Paid Search) - l'Oreal Consumer Products Division
Permanent · New York
L'OREAL GROUP
Manager, Operations 2nd Shift (1:00pm - 10:15pm) - Grand Rapids, mi
Permanent · Grand Rapids
L'OREAL GROUP
Packaging Operator (6:45am - 6:55pm Saturday - Monday)
Permanent · Franklin Township
L'OREAL GROUP
vp, Business Development
Permanent · New York
L'OREAL GROUP
Maintenance Manager
Permanent · La Vista
L'OREAL GROUP
Senior Analyst - Assembly Planning
Permanent · Clark
L'OREAL GROUP
Senior Manager, Consumer Engagement
Permanent · Jersey City
L'OREAL GROUP
l'Oreal Marketing Brand Manager, Fragrances
Permanent · Miami
L'OREAL GROUP
Senior Manager - Enational Accounts, Walgreens
Permanent · Deerfield
L'OREAL GROUP
Senior Developer, Project Management, Consumer Product Division
Permanent · Clark
L'OREAL GROUP
Assisted Sell Regional Sales Manager
Permanent · Los Angeles
L'OREAL GROUP
Assisted Sell Regional Sales Manager
Permanent · New York
L'OREAL GROUP
Senior Manager, Global Brand Supply Chain
Permanent · Clark
L'OREAL GROUP
Senior Manager - Customer Service
Permanent · Dallas
L'OREAL GROUP
Senior Manager, Digital Content
Permanent · New York
L'OREAL GROUP
Senior Manager - Demand Planning
Permanent · New York
BLOOMINGDALE'S
Outlet Keyholder Selling, Part Time - Bergen Town Center
Permanent · PARAMUS
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Chestnut Hill
Permanent · Newton
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Boca Raton
Permanent · Boca Raton
By
Reuters
Published
Aug 13, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

China's Li Ning narrows loss in H1, promises profit by year-end

By
Reuters
Published
Aug 13, 2015

Chinese sportswear maker Li Ning on Thursday posted a narrower first-half loss as it resumed opening new sales outlets in lower-tier cities after years of restructuring, and said it aims to return to profit by the end of 2015.

Visuel de la page d'accueil de Ni Ling - http://li-ning.luhta.com

Chairman Li Ning said in a filing to the Hong Kong bourse that the company would expand its sales network mainly in southern China in the second half while maintaining reasonable inventories.

"The company will continuously improve its operating efficiency, step up its control over operating costs and strengthen cash flow management in a bid to drive its annual results for 2015 back to profitability," Li said.

The company, which faces off in China against global industry giants like Nike Inc, said its net loss narrowed to 29.4 million yuan ($4.60 million) in the first half from a 585.8 million yuan loss a year earlier, while marking its sixth consecutive six-month loss.

China's best known home-grown sportswear maker, whose investors include private equity firm TPG Capital Management and Singapore sovereign wealth fund GIC, said first-half revenue jumped 16 percent year-on-year to 3.6 billion yuan. Its gross profit margin rose to 44.9 percent from 44.6 percent.

Li Ning has begun expanding again, with net growth in the number of points of sale in the first half for the first time since 2011, and 42 percent opened in the under-penetrated southern China region.

Trade fair orders for delivery in the first quarter of 2016 grew at a mid-teens percentage rate year-on-year and operating cash flow turned positive, it said.

Last week, bigger local rival ANTA Sports Products said first-half net profit rose by one-fifth, signalling that China's sportswear sector is on the mend after two years of store closures, streamlining operations and inventory clearance. ANTA is best placed among its rivals to recover, analysts say.

International giants are positive on China's sportswear sector. Adidas's revenue from Greater China is expected to grow at a double-digit rate this year, up from high single-digits.

© Thomson Reuters 2023 All rights reserved.