Lining'S Same Store Sales In The Third Quarter Increased By 10%-20%

Beijing time on October 21st, Lining issued a notice that, at the beginning of last year with the beginning of the same quarter has been put into operation Lining sales point (excluding Lining YOUNG) calculation, in the third quarter of 2019, the same platform sales of the same platform year-on-year 10%-20% high growth.

In the announcement, Lining said that in order to calculate the tag price, the Lining brand product order of the second quarter of 2020, which was held by the franchisee in September 2019 (excluding Chinese Lining and Lining YOUNG), achieved a low 10%-20% growth over the same period last year.

For the channel, in the third quarter of 2019, Lining sales point (excluding Lining YOUNG) achieved a low 30%-40% growth in the retail sales of the entire platform compared with the same period last year. Offline channels (including retail and wholesale) to achieve 20%-30% high growth, including retail channels to achieve 10%-20% growth in the middle and wholesale channels to achieve 30%-40% growth in the middle; e-commerce virtual store business to achieve 50%-60% low segment growth.

The announcement shows that as of September 30, 2019, the number of Lining outlets in the country (excluding Lining YOUNG) totaled 6564, representing a net increase of 142 over the previous quarter and a net increase of 220 this year. In the net sales of 220 outlets, the retail business decreased by 163, and the wholesale business increased by 383.