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Shein considers supply chain as a service
Shein seeks to package its method of “small-batch, on-demand production” and sell it as a service to other brands and designers. So reads a letter to its investors that the Wall Street Journal (WSJ) says it has reviewed. Although founded in China, the fast-fashion brand now operates out of Singapore, ...
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DFB’s Strategic Shift: Adidas to Nike, Redefining Football Apparel’s Future
Explore the impact of the DFB’s strategic move to change the supplier and the reactions it sparked.
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Nike addresses backlash over England kit for Euro 2024
Nike has responded to the widespread criticism surrounding its controversial England kit design for the upcoming Euro 2024 tournament. The kit modification notably alters England’s traditional St. George’s flag, replacing the customary red and white hues with a combination of red, purple, black, and a purple cross. British Prime Minister ...
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Metamorfish makes customization infinite: “Everyone saw it as science fiction”
The problem with a bad fit could soon be over. Metamorfish has created a material with infinite customization possibilities.
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Stella Intl. increases FY operating profit despite lower sales
Hong Kong-based Stella Intl. reported a 15 percent improvement in year-over-year operating profit to $152.0 million after changes in fair value of financial instruments. Annual Ebit rose by 21 percent to $161.3 million from $133.2 million and FY profit increased by 20 percent to $140.3 million. Stella’s annual revenues contracted ...
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On Holding set to make Hong Kong debut amidst Asia-Pacific surge
Swiss sportswear brand On Holding is gearing up to establish its inaugural store in Hong Kong, marking its debut in the vibrant shopping scene of Greater China. The company, backed by tennis legend Roger Federer, has secured a prime spot spanning 3,000 square feet at H Queen’s, a prominent structure ...
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Nike posts digital decline for first time in nine years
The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.
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Lululemon posts strong Q4 results, some Q1 softness in US
Lululemon’s operating income increased by 191 percent in Q4 to $913.9 million from $314.4 million for the period ended Dec. 31. Final period net income came in at $669.5 million, and gross margins increased by 430 basis points year-over-year to 59.4 percent. Revenues rose by 16 percent to $3.2 billion ...
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Grupo SBF improves key metrics in FY23
Brazilian Grupo SBF realized improvement in net debt/Ebitda ratio, inventory level, and cash generation in FY23 as it reported adjusted net profit of 183.5 million Brazilian reais (€33.7m) on a 12 percent increase in revenues to R$8.78 billion (€1.61b) and a 40-basis point improvement in gross margin to 47.4 percent. ...
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Fila Holdings continues to reshape business model
An ongoing recalibration of its sales channels in Korea and further inventory adjustments in the US were the key contributors to an operating loss.
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JD set to open larger store at Broughton Shopping Park
JD is set to enhance its presence in Chester with the unveiling of a bigger and upgraded store at the Broughton Shopping Park this weekend. The new location promises an expanded selection of products from brands like Nike, Adidas, The North Face, and Under Armour. James Air, Director and Head ...
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Is Topgolf Callaway on the market? South Korean sources says so
Speculation is swirling after a South Korean newspaper suggested that golf behemoth Topgolf Callaway might be up for grabs.
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Boxing equipment market to accelerate at a CAGR of 4% by 2027
Factors include youth programs, urbanization, and rising female participation, but face challenges like infrastructure and injuries.
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France’s proposal against fast fashion
The administration of French President Emmanuel Macron, founder of the Renaissance party, will support a law proposed by an opposition party to penalize fast fashion. The text in question is no. 2268, “aiming to render fast-fashion out of fashion, thanks to a system of incentives and penalties.” Its proponent is ...
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Xtep Intl. annual profit hits all-time high
The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...
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Sympatex unveils new more sustainable dying solutions
Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions. At its apparel booth in Munich, Sympatex will unveil three ...
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Asics announces Festival of running weekend
Source: Asics Asics is gearing up to host a one-of-a-kind Festival of Running weekend in Paris from April 5 to 7, 2024, dedicated to showcasing the transformative power of running on the mind and body. The festivities kick off on April 5 with an elite race sanctioned ...
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Zumiez shifts European strategy, reports FY23 loss on lower sales
Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors. “With ...
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Zalando wants to cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...
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On opens first store in Germany
As part of its global retail expansion, the Swiss brand On opened its first German community store in Berlin on March 15, where customers will have access to a full range of On products. To date, the brand operates 32 stores worldwide and plans to open 15 to 20 new ...