“We expect China to restart with continuity, maybe it will happen from the second quarter of next year, which means additional growth element.”

Group turnover during the financial year increased by 22% to ￡197.35 million.

Nike has previously offered deep discounts to maintain the interest of consumers who are cautious about the economic downturn, while also taking the opportunity to clear excess inventory.

In the first nine months of the year, Inditex recorded “all-time highs” with turnover up 19% to 23.06 billion euros ; H&M group’s net sales in SEK increased by 13percent in the first nine months of the financial year to SEK 161,120 million(14.615 billion EUR).

In the reported fiscal year, lululemon’s Power of Three x2 growth plan performs well in all three key pillars.