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NIKE opens its biggest Eastern Europe store in Moscow

US-based sports giant, NIKE has opened its first flagship and biggest store in Eastern Europe on Kuznetskiy Most in Moscow, Russia. NIKE’s partner in Russia, A3 Retail Group will run the store spread over an area of 23,455-square-foot. The new store opening has come just in time for Air Max Day. “This will be the largest Nike store in Russia and Eastern Europe. This will be the first flagship store in Moscow, on par with […]

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NIKE notes growth in third quarter

American sportswear giant NIKE has reported financial results for the third quarter ended February 28, 2017. Consumer demand in all geographies drove revenue growth across the NIKE Brand portfolio. During the quarter under review, revenues for the brand increased 5 per cent to US $ 8.4 billion, up 7 per cent on a currency-neutral basis. The retailer’s net income increased 20 per cent to US $ 1.1 billion during the third quarter. “The power of […]

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NIKE, ‘most valuable’ apparel brand: Report

American sportswear giant NIKE has once again been named the world’s ‘most valuable’ apparel brand after a 13 per cent surge in brand value to US $ 32 billion, according to a report by Brand Finance. The retailer’s strength score of 92, measured by marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation, and its AAA+ rating, made the sportswear giant the most powerful brand in the sector and third most powerful across all sectors. “NIKE’s […]

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Levi’s tops in brand intimacy

Denim brand Levi’s has been ranked as the most intimate brand in the apparel industry according to Brand Intimacy 2017 Report by MBLM. Brand intimacy is a new paradigm that leverages and strengthens emotional bonds between a person and a brand.  The apparel industry performed slightly below the 15-industry average and comes in 7th out of 15 categories examined. The most intimate apparel brands in the US following Levi’s are: Nike, Lululemon Athletica, Under Armour, […]

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Perry Ellis is now in distribution agreements for Nike Swim

Perry Ellis International Inc., a leading designer, distributor and licens or of a broad line of high quality men and women apparel, accessories and fragrances, entered in Nike Swim distribution agreements in Latin America with R1 Sports Ltd., a distributor of Athletic focused products in Uld in SA in Argentina, Uruguay and Paraguay, and Superdeporte Plus Peru S.A.C in Peru, Bolivia and Ecuador. The offering of swim apparel and swim accessories is now launching with […]

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MAS Holdings inaugurates MAS Fabric Park

MAS Holdings (MAS), a Sri Lankan conglomerate and one of the world’s most recognized design-to-delivery solution providers in textile and clothing sector, has unveiled the plaque for its US $ 28 million MAS Fabric Park in Giriulla, Sri Lanka. The new industrial park will manufacture knitted shoe uppers as well as sportswear and activewear products for MAS’ strategic partner Nike, and bring in US $ 65-75 million in revenue for the company. MAS hopes to […]

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Review VTG 2016: Speculations about the fate of TPP cast shadow over the exhibition

The recently concluded VTG 2016 held at the Saigon Exhibition & Convention Center (SECC) in HCM City, saw 400 exhibitors from 20 countries spread out over 550 booths, displaying the latest in garment sewing and value-added technology. Also present were companies offering yarns, fabrics and accessories, amongst which Texprocil India had a prominent presence with 16 exhibitors, mostly offering cotton products. The other countries that made their presence felt were Vietnam, Australia, Thailand, Singapore, Japan, […]

December 30, 2016

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NIKE’s revenue soars in China

US-based sports giant, NIKE has announced six months financial results for the period ending on 30th November, 2016 which reveal that China has overtaken Western Europe for the brand by noting 19 per cent increase in sales, taking the revenue to US $ 2.08 billion. The sportswear brand recorded an overall revenue of US $ 16.183 billion, up 9 per cent, in the period under review. Sales have increased across all markets: North America remains the […]

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NIKE’s loss consistently widens in India

Sportswear brand NIKE continues its poor performance in India with declining sales and stretching loss in 2015-16. As per the Registrar of Companies (RoC), the retailer’s sales have dropped to Rs. 764 crore in FY 2016 as against Rs. 803 crore in FY 2015. NIKE, which is on a consolidation spree in India, has shut around 35 per cent of its stores and has pulled out of expensive bat sponsorship deals of top Indian cricketers in […]

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NIKE to stop supplying small sports retailers in Singapore?!

In a bid to appear more appealing to larger retailers and boost online sales in the region, sportswear brand NIKE will reportedly stop supplying smaller sports retailers in Singapore from January, 2017. With retailers relying on top-selling brands like NIKE to attract customers, smaller retail stores located in Singapore will get a huge blow. Gurbachan Singh, Manager of SPORTS RETAILER SALAM & Sons reportedly said, “This move would force many of us, some of whom had been […]

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House of Fraser forays into Chinese market

UK-based department store chain – House of Fraser has opened its first standalone outlet in Nanjing, China, selling famous international apparel brands such as Barbour, Ted Baker, Dyson, Nike, Dior and Lancôme. Spanning over 425,000 sq. ft. of retail space, the new store will introduce brands like Cambridge Satchel Company, Biba Alexandre of England, Peter Werth, D.A.T.E, Le Tanneur, Lyle & Scott, and Radley into the Chinese market for the first time. Also Read – […]

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NIKE’s revenue up 6% in second quarter

NIKE, the world’s leading designer, marketer, and distributor of authentic athletic apparel, footwear and accessories, has posted financial results for second quarter ended November 30, 2016. The sportswear retailer’s revenue increased by 6 per cent to US $ 8.2 billion. In the period under review, revenue for the NIKE brand totalled US $ 7.7 billion, up 8 per cent driven by double-digit currency neutral growth in Western Europe, Greater China and the emerging markets. Whereas, […]

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Nike’s Soho store now open

Nike, the world’s leading designer, marketer, and distributor of authentic athletic apparel, footwear and accessories, has opened first-of-its-kind Nike Soho store – a five-storey, multi-sport, 55,000-square-foot retail experience – in the heart of New York City’s Soho neighbourhood. Designed to deliver the best of Nike’s personalized services, from exclusive trial spaces to product customization, the store creates a seamless link between Nike’s digital and physical platforms. Not only will it know your stride and the […]

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Apparel retailers open to disclosing global supply chain details

In a bid to show their commitments to promoting healthy workplaces for their subcontractors, an increasing number of apparel brands are disclosing lists online of their factories, mostly in Asia as public release of their supply chain information. According to Human Rights Watch, an international non-profit non-Governmental group, at least four major retailers – including GAP, C&A of Germany, and British store chain Marks & Spencer, have disclosed their supplier list this year. Previously, GAP […]

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Nike introduces Nike.com, NIKEiD to Indian market

Nike, the world’s leading designer, marketer, and distributor of authentic athletic apparel, footwear and accessories, has announced that its online division Nike.com will now deliver in India. Indian consumers will have complete and immediate access to the best of Nike’s products across categories like running, football, young athletes, tennis, women’s training, Nike sportswear, basketball, Jordan and men’s training with this portal. Also Read – Nike faces competition from rival sports brands The company’s popular and […]

November 10, 2016

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