Scorched by high inflation in the U.S. and major struggles in its key market of China, shares of athletic apparel industry ...
Nike Inc. has lost 55% of its market cap in the last three years. From a lack of quality to leadership to a lack of ...
Chinese brands like Anta and Li-Ning are taking Nike’s share of the market. The post Nike and Adidas Are Losing Sportswear ...
Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up on ...
Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up thanks to improving brand image, the company said on Tuesday.
However, the market is becoming problematic for Nike. Demand for its shoes was falling ... He has passed comment on everything from China to technology, as well as helping secure new executives.
Puma is highly dependent on wholesale, which accounts for about 75% of its sales. Wholesale sales tend to bring lower margins than sales through full-price owned channels. Puma also risks losing share ...
The Roger Federer-backed sportswear maker's efforts to invest in marketing by sponsoring athletes at the Paris Olympics, as ...
The drop was especially steep in the US, where sales fell 10%; and in China ... Nike’s problems stem from its own strategic missteps — like not focusing enough on making cool shoes ...
Those results came on the heels of Nike's, which had lowered its full-year guidance over the summer, blaming China's unstable economy. The sneaker giant cited "softness" in the country ...
While the company reported a 9% increase in revenue in China, there was ... he said he would focus on wholesale and capitalize on the popularity of its classic sneaker silhouettes.
The North America, Europe, Middle East, and Africa, Greater China ... its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel ...