Retail: Sportswear Quarterly

Pacific Epoch's report on China's highly competitive sportswear sector tracks the same-store sales growth and other performance indicators of six of the largest chains, Anta (2020.HK), Xtep (1368.HK), Li Ning (2331.HK), China Dongxiang (3818.HK), Peak (1968.HK) and 361 Degrees (1361.HK). In this edition we discuss our top and bottom picks for the sector, based on both Q1 2011 performance and long-term growth prospects, as well as analyzing the industry-wide trends shaping sportswear companies' competitive standing.