Sportswear retailer Pou Sheng jumps most in 2 months on closer Nike ties

Xtep International Holdings

13/01/2022 07:56

** Shares of sportswear retail networks operator Pou Sheng
International (Holdings) Ltd  3813.HK  jump 9.1% to HK$1.20, the
biggest daily percentage gain since Nov. 15
    ** Stock hits the highest since Dec. 20, on course for the
second session of gain
    ** Pou Sheng, which operates Nike stores in over 300 cities
in China, says it has strengthened partnership with Nike  NKE.N 
to realize Nike's retail concept at scale in China, connecting
their membership systems to promote Pou Sheng's store (https://bit.ly/3FpqX87)
    ** Says the two companies will create premium Nike
membership services to reach a wider range of Chinese consumers
both online or offline through direct sales or wholesaler
shopping networks 
    ** Shares of China home grown sport groups ANTA Sports
 2020.HK , Li Ning  2331.HK , and Xtep  1368.HK  rise between
0.2% and 1.7% 
    ** Hang Seng Commerce & Industry Index  .HSNC  eases 0.9%
and Hang Seng consumer goods and services index  .HSCGSI  slides
0.8%
    ** Hang Seng Composite Index  .HSCI  slips 0.6% and Hang
Seng Index  .HSI  is down 0.2%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))