Sportswear retailer Li Ning faces harsh winter

On a weekday this month at Huawei Centre, a popular shopping spot in Beijing's Xidan shopping district, sales assistants at a Li Ning shop are removing cotton-padded overcoats and down-filled garments from cartons and arranging them for sale. The range is not from the new winter collection, but is goods left over from last year.

A salesgirl said the shop had been selling the new collections at full price, but about a week ago, the retailer turned it into "a discount store" to dump off-season products marked down by as much as 70 per cent. Some items were produced two years ago.

via Business feed http://www.scmp.com/business/china-business/article/1066663/sportswear-retailer-li-ning-faces-harsh-winter