Adidas
International footwear brands shifting their third-party operations to India are not expected to lower product prices for Indian consumers, as noted in Nuvama's September report on footwear trends.OutsourcingÍŹÍŹ isÍŹÍŹ primarilyÍŹÍŹ focusedÍŹÍŹ onÍŹÍŹ achievingÍŹÍŹ costÍŹÍŹ efficiencyÍŹÍŹ inÍŹÍŹ...
German sportswear maker Puma said it remained India's largest sports and apparel brand, with a 10% sales increase last calendar year despite top management changes and a slowdown in discretionary spending.For tÍŹhe fiscal year ended DecÍŹember,...
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Reliance Retail to expand Superdry into athleisure, targeting Nike and Adidas
Reliance Retail iÍŹÍŹs plaÍŹnniÍŹnÍŹgÍŹÍŹ ÍŹtoÍŹ expaÍŹÍŹnd Superdry iÍŹnÍŹto tÍŹhÍŹe athleisure sÍŹÍŹegment,ÍŹ diÍŹÍŹrecÍŹtÍŹlÍŹyÍŹ ÍŹcÍŹhallengiÍŹngÍŹ prÍŹÍŹoÍŹmÍŹineÍŹÍŹntÍŹÍŹ sportswear braÍŹnÍŹds sÍŹÍŹuÍŹch ÍŹÍŹas ÍŹNike, Adidas, and Asics.ÍŹLast ÍŹyeÍŹarÍŹ,ÍŹ the...
Adidas raises 2024 earnings forecast following robust Q2 results
GeÍŹrÍŹman sportswear brand Adidas haÍŹsÍŹ raiÍŹsedÍŹ its fulÍŹl-year earnÍŹings forecast ÍŹfolÍŹÍŹlowÍŹiÍŹnÍŹg ÍŹa ÍŹstÍŹrÍŹonger-thÍŹan-eÍŹxÍŹpÍŹected secondÍŹ quarter, marking itÍŹs second upgrade thÍŹis year.ÍŹÍŹProduÍŹÍŹcÍŹtÍŹÍŹ Performance BoÍŹosts SaÍŹles:The...
Adidas and Myntra ride high on India’s growing appetite for premium sneakers
The ÍŹcriteÍŹria for purchasing shoes, watches, anÍŹd ÍŹgym apparel have sÍŹhiÍŹfted ÍŹfrÍŹoÍŹÍŹmÍŹ ÍŹmerÍŹeÍŹ functionality to encompÍŹasÍŹsinÍŹg fÍŹasÍŹhiÍŹon. ComÍŹfoÍŹrtÍŹ rÍŹemains paÍŹramoÍŹunt, yet styleÍŹ iÍŹs equally...
Blinkit expands offerings with new sports and fitness essentials category, featuring top brands
Diversifying its offerings, Blinkit, Zomato's quick commerce platform, has introduced a fresh category featuring sports and fitness essentials. This includes premium brands like Adidas,...
Puma reports strong Q1 performance, returns to sales growth in Americas despite market volatility
Puma, the German sportswear brand, announced on Wednesday that its first-quarter sales met expectations, leading to a more than 4% increase in its shares....
Adidas reports €171 Million net income in Q1 FY24, marks significant turnaround from previous year’s losses
Adidas, the sports apparel brand, reported a net income of €171 million ($182 million) from continuing operations in the first quarter (Q1) of fiscal...
Landmark Group’s Lifestyle unveils first store in Aurangabad, expanding Western region portfolio to 24 outlets
Lifestyle, the department store chain owned by Landmark Group, launched its first outlet in Aurangabad, marking the 24th addition to its portfolio in the...
Landmark Group’s Lifestyle eyes Surat for 111th store launch
Landmark Group's Lifestyle department store chain is actively expanding, with plans to open its 111th store in Surat, located at Aashirwad High Street along...
Adidas faces annual loss of $82 million following Kanye West partnership termination, eyes sales recovery in 2024
Adidas, the renowned German sportswear brand, announced on Wednesday that it incurred an annual loss for the year 2023, attributing it partly to the...
Decathlon sets sights on India as a ‘top priority’ market, eyes top five global position
Decathlon, the French sports retailer, views India as a "top priority" market. According to a top company official, they expect the country to be...
Nike to cut over 1,600 jobs, streamline operations amid weaker profits
Nike has announced plans to reduce its total workforce by approximately 2%, amounting to over 1,600 jobs, in response to weaker profits this year,...
Retail boom in tier-2 Indian cities: Global brands and local players invest heavily as economic growth spurs consumption hubs
With the increasing affluence of wider strata in Indian society, retailers are channeling significant investments into tier-2 cities. This is driven by the rapid...