According to the Zhitong Finance App, Li Ning (02331) announced that for the third quarter ending September 30, 2026, the retail sales volume of Li Ning's sales outlets (excluding Li Ning YOUNG) across the platform declined by low number of units year on year. As far as channels are concerned, the number of units acquired by offline channels (including retail and wholesale) declined. Among them, retail (direct management) channels remained flat, while the number of units acquired by wholesale (authorized dealers) channels declined; and the e-commerce virtual store business achieved high unit growth.

As of September 30, 2026, the total number of Li Ning sales outlets in China (excluding Li Ning YOUNG) was 6099, a net increase of 36 over the end of the previous quarter, and a net increase of 8 so far this year. Of the 8 sales points with a net increase, the retail business decreased by 61 and the wholesale business increased by 69.

As of September 30, 2026, the total number of Li Ning YOUNG sales outlets in China was 1,491, a net decrease of 25 from the end of the previous quarter, and a net decrease of 27 so far this year.

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