New Delhi: Relaxo Footwears on Thursday reported a 3 per cent decline in net profit for the March quarter to Rs 61.39 crore, as against Rs 63.3 crore in the year-ago period. The company’s revenue from operations declined to Rs 747.21 crore from Rs 764.94 crore in the corresponding quarter of the previous year, a…
A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking “very good”, the German sportswear retailer said on Wednesday, helping lift its shares nearly 12%. Revamped and newly trendy shoes from the 1970s and 80s like Puma’s Palermo and Adidas’…
BENGALURU: Indian sports and athleisure company Agilitas Sports said on Friday it had acquired exclusive rights to design, manufacture, and distribute products of popular Italian sports brand Lotto across India and Australia, with plans to expand to South Africa soon. Agilitas, headed by former Puma India Managing Director Abhishek Ganguly, will buy the brand license…
JD Sports (file image) British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. The retailer, which sells Nike, Adidas and other sports fashion ranges, said its pretax profit for the year to Feb. 4 would meet guidance it downgraded in…
Representative image France is proposing a European Union ban on exports of used clothes, the environment ministry told Reuters on Thursday, as governments look for new ways to tackle the worsening problem of textile waste. United Nations trade data shows the EU exported 1.4 million metric tons of used textiles in 2022, more than twice…
Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business to boost demand. Despite a solid holiday quarter, Foot Locker said it would achieve its long-term profit margin target two years later, in 2028, dashing hopes…
Kolkata: Leading footwear company Khadim India Ltd is expecting to complete demerger of its distribution business by September this year and hoping that its margins expand by 100-200 basis points by FY’26, an official said on Monday. This strategic move is poised to unlock substantial value for its core retail business comprising approximately 848 stores…
Donald Trump Washington: Former US President Donald Trump has launched a sneaker line, a day after a New York judge fined him and his companies nearly $355 million in the civil fraud case. The former president unveiled “Trump Sneakers” at Sneaker Con in Philadelphia. He placed a pair of gold sneakers, which a new website…
LONDON: Adidas deliveries to retailers are being delayed by Red Sea shipping disruptions, the CEO of the sportswear company told analysts on Thursday, adding that soaring freight rates are weighing on gross margins. Shipments are currently delayed by about three weeks, CEO Bjorn Gulden said, and that is causing some delivery issues, especially to Europe….
(Representative image) New Delhi: Footwear firm Bata India Ltd reported a 31.04% fall in their net profit, and a 0.7% rise in the total income during the third quarter ended December. This was driven by premium categories amid muted demands. Net profit fell from Rs 83.11 crore in the last year to Rs 57.31 crore…
