All Converse articles – Page 2
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News briefsNike appoints new Converse CEO
Following last week’s leadership changes, Nike has announced a new president and CEO for Converse. Jared Carver will succeed Scott Uzzell, effective June 1. Carver will report to John Donahoe, President & CEO of Nike, Inc. Uzzell has transitioned to a new role as VP/GM, North America for Nike. Carver ...
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News briefsTopsports sticks to gameplay despite volatile years
The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...
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Infographics & DataYue Yuen’s 2022 shoe manufacture volume by region
We bring you a breakdown of Yue Yuen’s shoe manufacture volume by region
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News briefsMichael Jordan’s 1983 Converse sneakers go up for auction
Source: Infinite Auctions Michael Jordan’s 1983 Team USA Game Worn Sneakers Sports fans and collectors will soon have a unique opportunity to own a piece of basketball history when Michael Jordan’s game-worn sneakers from the 1983 Pan American Games are auctioned off at Infinite Auctions. The iconic ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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News briefsProgred to distribute Converse accessories in Iberia and France
Until now the brand’s retail partner for Iberia – especially 20 El Corte Inglés locations – Progred Group has struck a deal with Converse to expand its distribution for the brand to accessories in Spain, Portugal, France and Andorra. These are to be sold through the major retailers of fashion, ...
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News briefsTNF appoints new CMO and chief product and merchandising officer
VF Corp. brand The North Face has added two women to its management team. Sophie Bambuck is joining the company as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer. Both managers have worked at Nike in leadership positions for years, just like TNF’s new president, Nicole ...
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ArticleMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic available only to subscribers of SGI Europe. It includes revenue and market-share development, as well as a regional breakdown, of the major global sports apparel brands.
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ArticleFoot Locker lowers FY22 outlook slightly, but stock soars on CEO hire
U.S. retail chain Foot Locker, which operates 630 doors across Europe, has modified its FY22 outlook downward due to likely additional pressures on its H2 business. But the revision, coupled with a 9 percent decline in second-quarter sales and a 76 percent drop in Ebit for the period ended July ...
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Infographics & DataTop 10 Athletic Footwear Brands 2021
This exclusive interactive chart shows the top ten athletic footwear brands for 2021, by revenues and by year-on-year revenue growth. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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Infographics & DataDTC Sales Growth 2021
This exclusive interactive chart shows the DTC sales growth of the major players in the sporting goods industry.
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ArticleNike net dips 5 percent on Greater China, persistent supply chain woes
The Nike group remains committed to further advancing its digital and direct strategies worldwide and anticipates a return to growth for its wholesale business in the financial year 2023 as it continues to grapple with elevated transit times for products and to recalibrate a Greater China business that has been ...
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ArticleNPD Q1 report sees U.S. footwear industry slowing down and market shifting towards new brands
Consulting firm NPD has released its latest figures for the first quarter of 2022 of the U.S. footwear market. Both the footwear industry’s sales and the revenue declined year-over-year in Q1. Sales were down 3 percent, unit sales were down 12 percent, while average prices were up 11 percent. Compared ...
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ArticleOrtholite hires chief brand officer
Source: Ortholite Kristin Kohler Burrows U.S. insole specialist OrthoLite has hired Kristin Kohler Burrows as its new chief brand officer, a newly created position. Burrows joins the OrthoLite and Cirql teams with experience at footwear brands including Converse, Keds, Adidas, Fila and G.H. Bass, and was most ...
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ArticleNike encouraged by China, digital momentum as golden anniversary looms
Nike, Inc., which will commence its 50th anniversary in May, exceeded its latest guidance for revenues and diluted earnings per share in the third quarter ended Feb. 28, despite persistent product transit woes into its home North American market and marketplace demand that exceeded the available supply. Net sales grew ...
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Article
StockX reviews the collectibles market in 2021
The collectibles-trading platform StockX has released an annual report, titled Big Facts: Current Culture Index: 2022, that breaks down its key markets – notably sneakers, but also electronics, toys and apparel – for the elapsed year 2021. Jordan remained the best-selling sneaker brand, with items trading at an average premium ...
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Infographics & DataInternational sports apparel market 2020
This chart shows the revenues, growth and market share of the top 26 sports apparel brands in 2020 vs. 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
10k apparel and footwear fakes seized in Spain
Authorities and the police in Badalona, a Spanish municipality near Barcelona, have detained ten Chinese nationals for trafficking in counterfeit goods at the shops they operate. Of the 10,000-odd items seized, with a total value exceeding €400,000, some 8,836 were apparel and footwear items offered under such faked brands as ...
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News briefsMarchon gets the Converse eyewear license
Marchon Eyewear, which is already a the long-time licensee of Nike for glasses, has entered an exclusive, long-term global licensing agreement with Converse. The New York-based company replaces De Rigo as Converse’s licensee. The Italian eyewear manufacturer obtained the Converse license after taking over the American company REM Eyewear in ...
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News briefs
Nike pledges tens of millions for social justice
On behalf of its Nike, Jordan and Converse brands, Nike has pledged to invest $40 million over the next four years in organizations working in social justice, education and economic empowerment. The company announced on June 5, for starters, that it would be conferring three grants of $1 million to ...
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