New Delhi: Japanese sports performance brand ASICS is expanding its footprint with a focus on tier 2 and tier 3 cities, driven by the rising demand for athleisure and stylish activewear, shared Rajat Khurana, Managing Director for ASICS India and South Asia, in an interview with ETRetail. Currently, these regions contribute around 60 per cent…
Nike said on Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its leadership amid efforts to revive sales and battle rising competition. The company’s shares rose 8% in after-hours trading. Hill was at Nike for 32 years and…
New Delhi: Former Puma India-MD Abhishek Ganguly, who last year acquired B2B sports footwear manufacturer Mochiko under his athleisure wear startup Agilitas Sports, plans to double Mochiko’s production capacity over the next 3-4 years. Talking to ETRetail, Ganguly shared that the company is building a large facility for Mochiko in Noida which is expected to…
Representative Image MUMBAI: Reliance Retail and UK-based footwear brand Clarks have terminated their joint-venture partnership inked two years ago. Sources said that differences had emerged between the two entities over the terms of the partnership and that the JV was not “working out”. Reliance Retail did not respond to queries. Clarks could not be immediately…
Karthik Balagopalan Mumbai: German sportswear maker Puma said it continued to be India’s largest sports and apparel brand on the back of a 10% increase in sales last calendar year amid top management attrition and slowing demand for discretionary products. For the fiscal year ended December, its revenue stood at ₹3,274 crore, as per filings…
Footwear major Bata India Limited is in talks with quick commerce companies to boost sales that have been flattish for the last few quarters amid the challenging environment. The company is in talks with two quick commerce companies to keep inventory at their dark store and offer 10 minutes delivery of items in demand. “The…
New Delhi: Reliance Retail plans to extend Superdry into the athleisure segment which will place it in direct competition with leading sportswear brands like Nike, Adidas and Asics. Last year, the British fashion brand had inked a joint venture agreement with Reliance Brands for the sale of Superdry’s intellectual property assets in India, Sri Lanka,…
NEW DELHI: Ramchet, a cobbler from Sultanpur, has been thrust into the limelight after an unexpected visit from Rahul Gandhi on July 26, with offers reaching up to Rs 10 lakh for the footwear mended by the Congress MP and leader of opposition, but he turned down the deal as he would like to frame…
(Representative Image) Following Nike‘s decision to halt sales to Russia shortly after the country’s full-scale invasion of Ukraine more than two years ago, an online sports retailer owned by Russia’s Zenit soccer club, footballstore.ru, continues to offer dozens of Nike-branded items, including the US sportswear maker‘s Phantom GT2 Elite soccer boots for around USD 330….
New Delhi: Leading shoemaker Bata India Ltd on Wednesday reported a 3.02 per cent decline in consolidated net profit to Rs 63.64 crore for the fourth quarter ended March 2024. It had posted a net profit of Rs 65.62 crore in the January-March period a year ago, according to a regulatory filing from Bata India….
