Sportswear company China Dongxiang reported a mid- to low-single-digit decrease in retail sales for its Kappa and Kappa Kids’ stores during Q1 ended June 30. Additionally, same-store sales saw a mid-single-digit decline.
By the end of the quarter, the company operated 1,003 stores, nine fewer than in the previous quarter.
Italian brand Kappa has appointed Rémi Garnier to lead its commercial operations. The French executive previously spent 15 years at Kappa France.
The Chinese running, kids and basketball specialist reports growth figures and launches an AI partnership with Standard Robots to drive innovation.
The Italian group, which owns Kappa, Superga, Superga, and more, reported consolidated revenues of €409.2 million in 2024.
VF Corp posted 1 percent revenue growth to $2.88 billion in Q3 FY26, driven by strong performance from The North Face and Timberland, whilst Vans continued its decline.
The sporting goods group will pay down debt at a premium while announcing its Q4 earnings date for Feb. 24.
JD Sports recorded 1.4% organic growth in Q4, driven by Asia Pacific’s 9.6% rise. Europe and UK struggled with declining like-for-like sales.
Intelligence, analysis and advice for the global sporting goods industry.
