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Li Ning e-commerce sales soared 90 per cent last year, driving an overall 13 per cent gain. The Chinese sportswear company closed the year with CNY8.015 billion (US$1.165 billion) in sales, while its gross margin grew 1.2 points to 46.2 per cent. Its net…
A new Nike plus-sized range will expand the US sportswear brand’s reach – and appease those who criticise it for focusing on the purely athletic. The new workout wear range includes sizes from XL to 3XL. “Nike recognises that women are stronger, bolder and…
Was there a stampede when the new Uniqlo Global Flagship Store opened its doors at Orchard Central on its first day of business? That depends upon your definition of the world. The store, the latest and greatest in the brand’s 25-store empire, has captured…
In a world first, an Adidas football flagship has opened in southern China’s Guangzhou Teemall. Adidas Group Greater China MD Colin Currie describes it as an important milestone for both Adidas and Chinese football. “At the same time, it emphasises the…
French sports equipment chain store, Decathlon, is embarking on an aggressive expansion in Malaysia by targeting to open up to 60 stores within the next decade. Decathlon Malaysia chief executive officer Tom Meng said the expansion was in line with the…
Uncle Martian, a new competitor for sportswear brand Under Armour in one of its main markets, China, is in hot water for co-opting the US company’s logo. Under Armour uses a U over an inverted U that intersect to form a stylised A. Uncle Martian has the same…
Li Ning, the struggling Chinese sportswear company that is one of the mainland’s best known brands, says it will break even for 2015, leaving behind three years of annual losses. In a filing to the Hong Kong stock exchange, the company said it expected to…
Shoe marketer Stella International has reported increased sales in the second quarter on the back of growing demand for sports fashion footwear. In the three months to September 30, consolidated revenue from its China retail business and its manufacturing…
US sportswear brand Columbia says it will expand its retail network in South Korea, part of a strategy to become one of the top three retailers in its category there by 2020. Columbia Korea will expand its existing 250-strong retail network and broaden its…
Victoria’s Secret – which accounts for more than one third of the US lingerie market – says swimsuit sales are growing at twice the rate of its overall growth. In the first quarter of this year – not even summer season in the US – swimsuit sales soared 10 per…
