BUZZ-Hong Kong-listed Topsports sinks to all-time low on sales drop

NIKE, Inc. Class B

NIKE, Inc. Class B

NKE

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** Shares of Topsports International 6110.HK drop 12.2% to HK$1.8, their lowest level since debut in October 2019

** Sportswear distributor says total sales of retail and wholesale operations for first quarter of FY2026/27 declined by low-teens on a y/y basis

** Says it has not received official notice from Nike NKE.N on online distributorship termination in Mainland China

** Comments come after reports that Nike intends to end all its first-tier online distributorship authorisations in mainland China beginning from January 1, 2027

** For the fiscal year ended in February 2026, revenue contribution from online sales of Nike products accounted for about 22% of group's total revenue - co

** YTD, stock down 34.7%, benchmark Hang Seng Index .HSI down 12.1%


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