New Delhi: Sports retailer Decathlon has appointed Sankar Chatterjee as its new India Chief Executive Officer. According to Chatterjee’s LinkedIn profile, he resumed the role of the company CEO in February 2024. Chatterjee who has been associated with the brand for over 13 years, earlier held the position of Country Digital Leader for Decathlon Sports…
Nike has increasingly leaned on its iconic basketball shoes to boost sales, but as the sportswear giant bleeds market share to newer brands, some analysts and investors are wondering if that is a mistake. Shares of the retailer were down 5.6% in extended trading on Thursday after a post-earnings conference call in which executives acknowledged…
Nike is projected to post its first quarterly revenue decline in nearly two years on Thursday, turning the spotlight on the slower-than-expected boost from its direct-to-customer (DTC) strategy and sluggish demand in North America. The sportswear giant has invested in selling more through its own sales channels, including stores and online, instead of increasing inventory…
German sports apparel company Puma plans to return up to 50% of its net income to shareholders, it said on Thursday The company will now return between 25-40% of the Group’s net income in dividends, up from 25-35%, the statement said. The first tranche of a share buyback programme will begin in March 2024 and…
Representative image New Delhi: Japanese sportswear brand, ASICS plans to expand into the Indian market with the addition of 50 new stores by 2025, the company said in a press release on Wednesday. Asics India has recently launched its 100th store in India and plans to open its first mono-brand store in 2026. “India is…
Representative image New Delhi: Cultfit’s D2C arm Cultsport, which sells sportswear, indoor fitness equipment, cycles, and more is betting on offline as a key channel as it plans to open an exclusive brand outlet every month, shared a top official of the company. Talking to ETRetail, Shamik Sharma, business head, Cultsport said, “We have over…
Surging demand for fitness wear and sports equipment for disciplines other than cricket and football helped Decathlon‘s India unit expand sales 37% to Rs 3,955 crore in FY23. With more than 100 large, warehouse-like stores selling products catering to 85 sporting disciplines, the French company is bigger than Adidas, Nike and Asics all put together…
Puma stood by its full-year outlook on Tuesday and reported a stronger than expected third-quarter profit margin, reassuring investors and boosting its shares after a stronger euro dented the German sportswear brand’s quarterly earnings. Shares in the company gained 4% in early trading. The stock dropped 10% in a day earlier this month after analysts…
New Delhi: Indian cricketer Deepak Chahar on Tuesday announced the launch of his homegrown brand DNINE Sports, to cater to the growing sports and fitness goods market in India. The brand currently has launched products in five categories including sports shoes, merchandise such as shirts, caps, and bags, and health supplements and protein powder. Commenting…
