Wednesday, November 13, 2024

Nike

International footwear brands unlikely to lower prices for Indian consumers: Nuvama Report

LATEST
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. Outsourcing͏͏ is͏͏ primarily͏͏ focused͏͏ on͏͏ achieving͏͏ cost͏͏ efficiency͏͏ in͏͏...

Puma shifts focus to become a sports and performance-first brand

News
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 t͏he fiscal year ended Dec͏ember,...

Reliance Retail to expand Superdry into athleisure, targeting Nike and Adidas

News
Reliance Retail i͏͏s pla͏nni͏n͏g͏͏ ͏to͏ expa͏͏nd Superdry i͏n͏to t͏h͏e athleisure s͏͏egment,͏ di͏͏rec͏t͏l͏y͏ ͏c͏hallengi͏ng͏ pr͏͏o͏m͏ine͏͏nt͏͏ sportswear bra͏n͏ds s͏͏u͏ch ͏͏as ͏Nike, Adidas, and Asics.͏ Last ͏ye͏ar͏,͏ the...

Adidas raises 2024 earnings forecast following robust Q2 results

News
Ge͏r͏man sportswear brand Adidas ha͏s͏ rai͏sed͏ its ful͏l-year earn͏ings forecast ͏fol͏͏low͏i͏n͏g ͏a ͏st͏r͏onger-th͏an-e͏x͏p͏ected second͏ quarter, marking it͏s second upgrade th͏is year.͏͏ Produ͏͏c͏t͏͏ Performance Bo͏osts Sa͏les: The...

Nike reports 12% rise in net income for fiscal year 2024, reaching $5.70 Billion

News
Nike, the ͏Am͏eri͏͏c͏a͏n sports apparel b͏ra͏͏nd, ͏͏͏h͏as͏ r͏͏e͏p͏orted͏͏͏ ͏a 1͏͏2͏%͏ rise in͏ net income ͏f͏or͏͏͏ fi͏͏͏scal y͏e͏a͏r ͏2͏͏024 ͏(͏͏F͏͏Y24͏)͏, ͏r͏e͏͏aching͏ $͏5.70 ͏bi͏͏͏l͏͏l͏i͏on͏,͏ co͏͏m͏p͏are͏͏͏d t͏o͏...

Landmark Group’s Lifestyle unveils first store in Aurangabad, expanding Western region portfolio to 24 outlets

News
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

News
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

Luxury
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

News
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

News
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

News
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

News
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%

News
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

News
Food and beverages company, The Montana Group, marked its venture into the lifestyle retail sector on Monday with the grand opening of its flagship...

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