Adidas expects supply chain issues to hit sales growth in the first half of the year, particularly in North America, but hopes to see off a challenge from Nike in Europe and return to growth in the region.
Osaka, long Japan’s “second city,” is winning the race against Tokyo to draw foreign tourists, but after a boom, its retailers and property developers are adapting to shifting tourism spending patterns.
Brazilian apparel chain Lojas Renner SA made an annual profit of more than 1 billion reais ($269 million) for the first time last year, helped by double-digit revenue growth which has carried over into 2019.
Micro-influencer social media platform WeAre8 has announced that Danny Tawiah, the former vice president of global digital brand innovation at Nike, has joined the company's executive team as chief marketing officer.
Adidas has confirmed that it is looking into accusations against designer Gosha Rubchinskiy after screenshots of a conversation between the designer and an underage boy were alleged to show inappropriate conduct.