Nike To Reduce Reliance On China For US Market: Reports
The report notes that the company is looking to optimise its sourcing mix and allocate production differently across countries
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Adidas, Puma Likely To Follow Nike In Price Hike Strategies: Report
- by BW Retail World Bureau
- May 23, 2025
Earlier, as part of its business evaluation and seasonal planning, Nike, a footwear retailer, is planning to increase the prices of a few products from next week
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Nike To Increase Prices Of Certain Products From Next Week: Report
- by BW Retail World Bureau
- May 22, 2025
In an effort to regain the market share lost to newer and trendier rivals, the company will also be making its return on Amazon, as per the report
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Adidas Swings To Loss In 2023, Bets On Core Brands After Kanye West Split
- by BW Retail World Bureau
- March 14, 2024
German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as CEO Bjorn Gulden works to turn the brand around after a messy break-up with rapper Kanye West. Adidas has been battling to right itself after it cut ties with West in October 2022, suspending sales of the […]
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Metro Brands Profit Dips Despite Revenue Rise As Inventory Costs Bite
- by BW Retail World Bureau
- January 19, 2024
Metro Brands which sells shoes from brands including Fila, Crocs and Mochi, reported its fourth straight drop in quarterly profit on Thursday, hurt by high inventory costs amid slowing sales growth. The company’s net profit fell 12.6 per cent to Rs 97.81 crore in the October-December quarter, missing analysts’ estimate of Rs 122 crore, as […]
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Nike Q1 Profit Surpasses Expectations At $1.45 Bn
- by BW Retail World Bureau
- September 29, 2023
Nike, the world’s leading sportswear manufacturer, has exceeded Wall Street expectations for its first-quarter profit, primarily driven by higher pricing for its sneakers and apparel. The company reported a profit of USD 1.45 billion, equivalent to 94 cents per share, surpassing analysts’ estimates of 75 cents per share. However, its total revenue for the quarter, […]