A Nike factory in Misiones, Argentina, has cut hundreds of workers as its orders from the brand have stalled, amid a swirling economic crisis that has plunged the country into recession for most of the last year.
U.S. Vice President Mike Pence on Thursday accused China of curtailing “rights and liberties” in Hong Kong and blasted Nike and the National Basketball Association for bowing to Beijing in the fight over free speech.
Deckers Brands reported improved revenues and earnings for the second quarter on Thursday and upped its full-year financial outlook, as sales at its Hoka One One athletic footwear brand bounded forward 50%.
German sportswear group Puma cautioned on Thursday that it would take a hit from U.S. tariffs on China in the fourth quarter but still raised its sales forecast after a strong third quarter in all regions.
Shop Direct has released good full-year results on one level, but not so impressive on another. Its Very operation has outperformed, but Littlewoods has struggled and the group as a whole remains loss-making.