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Retail Asia16/03/2022

Merchandise manufactured by Chinese sportswear giant Li Ning has been banned from entering the US with the company accused of using North Korean labour in its supply chain. The US Customs and Border Protection announced on Tuesday that – under the terms of Countering America’s Adversaries Through Sanctions Act (CAATSA) – the entry of goods […]

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Retail Asia05/01/2021

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Japanese sporting goods maker Asics closed down its New York flagship store in December amid the prolonged impact of the COVID-19 pandemic, the company announced on Monday. The store opened in December 2017 on Fifth Avenue, selling running shoes and sportswear. Asics’s decision comes as high rent bites the company, on top of uncertainties around when […]

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Retail Asia21/08/2020

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Japanese sportswear retailer Asics has posted a steep drop in revenues as a consequence of the coronavirus pandemic. The firm has seen a 21.5-per-cent dip in global sales to the equivalent of US$1.4 billion in this year’s second financial quarter, and operating losses of $36.6 million against an $81.2 million profit last year. In keeping […]

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Retail Asia03/08/2020

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Athletic apparel brand Champion is to launch a sustainable streetwear collection Re:Bound next month. Champion’s Re:Bound Collection will feature a streetwear line made from recycled Reverse Weave fabric, normally discarded during production. According to the company, 45 percent of pre-consumer recycled cotton has been turned into high-quality apparel products for the range. The manufacturing process […]

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Retail Asia19/11/2019

Sportswear label Sweaty Betty has made its Asian debut, opening a store at Hong Kong’s IFC mall. The British retailer, often described as a premium competitor of Canada’s Lululemon, specializes in women’s activewear. It was founded by Tamara and Simon Hill-Norton. The Hong Kong store features the brand’s entire range as well as the add-on […]

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Retail Asia25/09/2019

UK sportswear business JD Sports Fashion saw revenue improve 47 percent over the first half of FY20 to £2.72 billion, with global like for like sales growth of 12 percent. The group, which runs the JD Sports chain in Australia, also saw group profit before tax and exceptional items increased 30 percent to £158.6 million, […]

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Retail Asia28/08/2019

Chinese sportswear retailer Li Ning reaped the benefits of a restructure in the first half of this year, with net profit attributable to shareholders by 196 per cent to RMB795 million (US$113 million). For the last two years, Li Ning has been investing in its retail business, upgrading stores, refining its product offer and reorganising […]

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Retail Asia29/05/2019

A poor fourth quarter has resulted in another profit warning from casualwear-brand Superdry and one analyst describes the embattled label as “struggling to remain relevant”. Amy Higginbotham, a retail analyst at GlobalData, the data and analytics company, said a poor fourth quarter has exacerbated Superdry’s woes and dragged down overall performance for the year. The […]

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Retail Asia05/03/2019

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Chinese sportswear retailer Xtep has signed a deal with Wolverine World Wide to distribute Merrell and Saucony products in Mainland China, Hong Kong and Macau. The joint venture plans to start operating in the second half of this year. “We are delighted to have Wolverine, a global company with a portfolio of premium brands, as […]

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Retail Asia01/03/2019

Anta Sports Products is planning more than 1000 new stores this year after revealing another record profit. The Hong Kong-listed Chinese sports apparel and footwear manufacturer operates more than 11,600 stores in Greater China and beyond under its own Anta brand, and banners like Fila and Descente, for which it owns regional rights. In September […]

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Retail Asia01/03/2019

Sportswear giant Puma reported strong annual results in 2018, as the German company witnessed double-digit growth across all geographic zones and product divisions. For the year ending December 31, 2018, the Herzogenaurach-based company said sales increase by 17.6% currency adjusted to €4,648 million (+12.4% reported) with double-digit growth in all regions. Asia-Pacific, despite being the […]

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Retail Asia26/02/2019

German sportswear major Puma on Monday claimed that it has become the top sportswear retailer in India, surpassing rivals such as Nike, Adidas, Skechers and Reebok in terms of yearly sales. Puma, the third-largest sportswear manufacturer in the world, has reported sales of Rs 1,157 crore for the 12-month period ending December 2018 against Rs 958 crore reported in the year ago […]

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Retail Asia22/02/2019

Shares in Footasylum soared after British retailer JD Sports said it had acquired an 8.3 percent stake and could buy nearly 30 percent of its smaller rival. JD, which has used a number of corporate acquisitions to assemble its network of more than 2,400 stores over the past two decades, said that it “confirms it […]

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Retail Asia20/02/2019

Under Armour Thailand is targeting a 20-per-cent sales increase in the kingdom, according to the brand’s exclusive Asian distributor Triple Pte Ltd. The company is focusing on footwear sales to follow up on its gains in the apparel sector in a sporting goods market expected to see 5–7 per cent growth this year. It will […]

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Retail Asia18/02/2019

Skechers China has opened a new superstore in Shenyang, the footwear brand’s 3000th globally. The footwear brand’s largest store yet covers more than 32,000sqft, showcasing a diverse range of footwear, apparel and accessories styles for men, women and children. It features shops-in-shops for different categories and a Skechers Kids entertainment zone. US-headquartered Skechers says it […]

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Retail Asia15/02/2019

SUTL Corporation will open its eighth and largest Nike Singapore store at Jewel Changi Airport in the first half of this year. Located on the second floor, the duplex store will span more than 1000sqm, and boasts the latest and most extensive range of Nike footwear, apparel and merchandise in the city. Shoppers who visit […]

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Retail Asia14/02/2019

Skechers has bought its joint venture partner in Skechers India, taking the business inhouse. Skechers India has 223 retail locations across the country, 61 of which are company owned and operated, with the remainder franchised. Last year, Skechers saw double-digit increases in wholesale and retail sales and an 80 per cent increase in pairs sold, […]

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Retail Asia12/02/2019

Specialty athletic retailer Foot Locker is making a US$100 million strategic minority investment in Goat Group, a managed marketplace for authentic sneakers operating the Goat and Flight Club brands. The partners expect to make joint efforts across digital and physical retail platforms to create exclusive experiences for their customers in an attempt to elevate customer […]

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Retail Asia06/02/2019

Global sportswear brand Puma has launched Puma Shuffle, a street style weekend pop up space in Indiranagar, Bangalore on February 02, 2019. With an aim to become the hub for growing sub-cultures in the city, Puma has introduced a brand new concept that emerges over weekends to provide a dedicated space for creative expression. PUMA Shuffle is created on the […]

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Retail Asia05/02/2019

Fila India, owned by Cravatex Brands Limited, the Indian arm of the $150 million Batra Group, is adopting an aggressive expansion strategy in India. 2018 saw the comeback of sports brands, both globally and in India, due to the shift in consumer preference towards sports inspired athleisure clothing. A key player in the Indian market, Italian sports and fashion […]

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