Lining Retail Sales Fell 10%-20% In The First Quarter, And Sales Point Decreased By 224.
In April 17th, Lining released the first quarter data for 2020.
According to the announcement, as of the first quarter of March 31, 2020, Lining sales point (excluding Lining YOUNG) recorded a high 10%-20% decline on the whole platform's retail sales.
As far as channels are concerned, the downward line of 20%-30% recorded a low segment decline, of which retail channels recorded a decline in the middle of 30%-40% and a decline of 10%-20% in the wholesale channel. The virtual store business of e-commerce recorded a low 10%-20% growth.
It is worth noting that as of March 31, 2020, the number of Lining sales points (excluding Lining YOUNG) totalling 6225, a net decrease of 224 so far this year.
Lining YOUNG alone calculated the number of sales outlets totaling 1026, a net decrease of 75 so far this year.
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