Li Ning announced on Monday that its sales outlets (excluding Li-Ning Young) saw a slight increase in retail revenue but a decrease in wholesale revenue in the first quarter compared to last year. Offline channels (including retail and wholesale) saw a low single-digit decline, with retail (direct operation) channels recording a moderate single-digit growth and wholesale (franchise dealers) channels recording a moderate single-digit decline. The number of Li Ning sales outlets in China decreased by 26, with retail outlets increasing by one and wholesale outlets decreasing by 27.