0818 GMT - China's sportswear sector could witness further consensus downgrades on industry growth, Deutsche Bank Research analyst Jessie Xu says in a commentary. Xu points out that the management teams at Li Ning and Topsports noted this possibility and the need to sacrifice discounts in 2H if sell-throughs fall below expectations and competition intensifies, putting pressure on margins. An inventory crisis could resurface, given weak demand and potentially slower sell-out, the analyst says. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
September 18, 2024 04:18 ET (08:18 GMT)
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