Dick's Sporting Goods announced on Wednesday revenues for the first quarter fell by more than 7%, on the back of plunging comparable sales, as the company was hurt by "evolving macroeconomic conditions."
The Liverpool One mall goes from strength to strength. The Grosvenor operated shopping centre at the heart of the city has signed The Vintage Store, with the retailer opening its biggest UK store to date.
Castore has captured yet another major kit sponsorship deal. This time, the premium sportswear brand has signed Spanish side Sevilla FC to a multi-season partnership, becoming the La Liga club’s official kit supplier.
UK retailers reported just “average” sales for the time of year in May (0% from -24% in April), up from a weaker- than-normal previous month. But overall sales are expected to fall below seasonal norms again in June.
Bidders competing to acquire Kohl's Corp are preparing to make binding offers that are lower than the indicative bids they submitted earlier this year to reflect the market downturn and its deteriorating business.
In 2021, the European textile and apparel industry managed to reduce its trade deficit to €48 billion, according to industry association Euratex, which underlined the impact of Brexit and rising transport costs.
The shop, the Californian brand’s 36th in Italy and fifth in Milan, extends over 300 m2 and three levels within the VF Corp. concept store, home also to monobrand stores by Timberland, The North Face e Napapijri.
U.S. sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major U.S. brand since Russian forces entered Ukraine.