VIPS: T. H. Data Flash – Vipshop Holdings Limited (VIPS) – Preliminary 2Q17: SKU Volume Showed High Growth in 2Q17; Promotions Drive Topline Growth, But Pressure to Margins
​Growth in SKU days and sold-out SKU days increased Y/Y in 2Q17 – According to our proprietary data, the # of SKU days is likely to increase 62.3% Y/Y in 2Q17, vs. 65.9% in 1Q17; # of SKU sold-out SKU days is likely to increase 35.6% Y/Y in 2Q17 from 75.0% Y/Y in 1Q17 (Figure 1).
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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