Nike Inc's online growth and a bullish outlook in China put it on a firm path and should help it easily ride out rises in U.S. import tariffs on its Chinese-made sneakers, Wall Street analysts said on Wednesday
On Wednesday, Kering announced the issue of €500 million worth of bonds, maturing in 2022, that are exchangeable for Puma shares, a further step in its exit from the German sport group, which began in 2018.
Sainsbury’s had good news around its clothing sales on Wednesday as they rose in Q2 after having been less strong of late. But the company had less to shout about around its Argos ops that continued to struggle.
Boohoo’s results statements are always a revelation, if only to see by just how big a margin the group is smashing the market, and its half-year report was no different. The latest six months were yet another triumph.
With 12,000 stores projected to close in the US by the end of this year, and the apparel and accessories sector expected to suffer particularly heavy casualties, Amazon looks likely to turn the situation in its favor.
Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, on Tuesday launched a Hong Kong initial public offering (IPO) of up to $1.2 billion (965.02 million pounds).
After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending back home, Tiffany & Co CEO Alessandro Bogliolo said in an interview.
China’s top technology hub Hangzhou plans to assign government officials to work with 100 private companies including e-commerce giant Alibaba, in a move likely to raise concerns over the growing role of the state.