Athletic Footwear & Apparel
Athletic Footwear China
China-exposed revenue
Anta as a group is larger in USD than Nike Greater China or Adidas Greater China. Li Ning is in the same zip code as Adidas Greater China. lululemon China Mainland is $1.76B and growing.
Nike Greater China, three years
Revenue from $7.55B to $5.85B. EBIT from $2.31B to $1.28B. Wholesale and Direct both fell in FY2026.
RevenueEBIT
Anta by brand
ANTA is still the largest slice. FILA China is close behind. Other brands (including Descente) grew 59% in 2025 and are the swing factor.
ANTAFILAAll other brands
lululemon by region
Americas is 71% of FY2025 revenue and down 1%. China Mainland is 16% and up 29%. The growth is not in Vancouver's home market.
