[ad_1] By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Nike instagram Researchers compiled online pricing data from […]
Read More[ad_1] By Bloomberg Published Feb 1, 2024 Adidas AG slumped after the German sports apparel maker said negative currency movements mean its profit this year will be less than half of what analysts were expecting. Reuters Operating profit should be around €500 million ($542 million) in 2024, Adidas said late Wednesday. That’s below the average […]
Read More[ad_1] By Reuters API Published Feb 1, 2024 German sportswear maker Adidas expects operating profit to nearly double to about 500 million euro ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation of its Yeezy business. Reuters Adidas booked an operating profit of 268 million euros in 2023, according to […]
Read More[ad_1] Translated by Nicola Mira Published Jan 31, 2024 The Lycra Company is going through a sea change. After recently appointing a new CEO, following its exit from the Shandong Ruyi conglomerate, the group that owns the Lycra, Thermolite and Coolmax brands is aiming to transform its product range. It is focusing more on sustainability […]
Read More[ad_1] By Bloomberg Published Jan 24, 2024 Puma SE fell as much as 8.4% after the German sports company said earnings this year will be weaker than expected, citing factors including the devaluation of the Argentine peso. Earnings will probably be in a range of €620 million ($675 million) to €700 million this year, the […]
Read More[ad_1] Sportswear brand Reebok plans to open around 100 stores a year in India for the coming three years with Aditya Birla Fashion and Retail Limited. The label is also eyeing becoming a Rs 1,000 crore business in the country. Sportswear by Reebok – Reebok India- Facebook “ABFRL is very bullish on the Reebok brand,” […]
Read More[ad_1] Grace Wales Bonner looked to American this season in a collection inspired by time spent researching in Howard University in Washington. Wales Bonner Fall/Winter 2024 – Courtesy Founded as a theological seminary for black clergymen in 1867, Howard’s graduates have gone on to become the nomenklatura of black American artistic, political and intellectual leaders […]
Read More[ad_1] Singapore-based multi-brand sneaker retailer Limited Edt has opened its first brick-and-mortar store in India to retail a diverse range of international footwear brands in the country. The store is located inside Gurugram’s Ambience Mall and measures 1,500 square feet. Inside the new Limited Edt store in Gurugram – Limited Edt “The centre of the […]
Read More[ad_1] Luxury fashion house Balenciaga launched on Tuesday a limited series of ready-to-wear items and accessories inspired by the world of soccer. Balenciaga unveils limited edition soccer-inspired collection. – Balenciaga Available in select Balenciaga stores worldwide and online, the soccer-themed collection includes a variety of pieces, including wool scarves, brimmed caps, short- and long-sleeved jerseys, […]
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