Nike
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...
Nike reports 12% rise in net income for fiscal year 2024, reaching $5.70 Billion
Nike, the ÍŹAmÍŹeriÍŹÍŹcÍŹaÍŹn sports apparel bÍŹraÍŹÍŹnd, ÍŹÍŹÍŹhÍŹasÍŹ rÍŹÍŹeÍŹpÍŹortedÍŹÍŹÍŹ ÍŹa 1ÍŹÍŹ2ÍŹ%ÍŹ rise inÍŹ net income ÍŹfÍŹorÍŹÍŹÍŹ fiÍŹÍŹÍŹscal yÍŹeÍŹaÍŹr ÍŹ2ÍŹÍŹ024 ÍŹ(ÍŹÍŹFÍŹÍŹY24ÍŹ)ÍŹ, ÍŹrÍŹeÍŹÍŹachingÍŹ $ÍŹ5.70 ÍŹbiÍŹÍŹÍŹlÍŹÍŹlÍŹiÍŹonÍŹ,ÍŹ coÍŹÍŹmÍŹpÍŹareÍŹÍŹÍŹd tÍŹoÍŹ...
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...
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,...
Nike faces threat as discounted sneakers double in 2024, challenging traditionally robust pricing strategy amidst intense competition
In 2024, the number of discounted Nike sneakers doubled compared to two years prior, posing a threat to the sportswear giant's traditionally robust pricing...
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...
Upstart brands gain ground as Nike’s powerhouse labels face setback, analysts warn
Nike is starting to witness a decline in market share, as noted by analysts on Friday. The sportswear giant is facing competition from emerging...
Nike adapts to shifting market dynamics: Yearly sales outlook revised, shares drop 11%
On Thursday, Nike revised its yearly sales outlook, attributing the adjustment to conservative consumer spending, a less robust online business, increased promotional activities. The...
The Montana Group makes striking entry into lifestyle retail with the launch of Brands Unlimited in Noida
Food and beverages company, The Montana Group, marked its venture into the lifestyle retail sector on Monday with the grand opening of its flagship...