All Converse articles
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ArticleTopsports’ H1 revenues, profit tumble
Greater China’s top Nike and Adidas retailer saw sales, profit and gross margin fall in the six months to August 31.
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News briefsLIV Golf appoints Ilana Finley as Chief Communications Officer
Finley is a former Nike senior executive with more than 20 years of experience in the sports industry.
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ArticleWell-known brand-name products surface on Shein
Major brands face scrutiny as their products appear on Shein, sparking environmental and ethical concerns.
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News briefsNike implements job cuts at European headquarters
Nike is, according to Bloomberg, implementing layoffs across its European headquarters as part of a global strategy to reduce operational costs by $2 billion. The job cuts, impacting roughly 2 percent of its workforce worldwide, have already seen around 750 employees dismissed from its Beaverton, Oregon headquarters. The reduction extends ...
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News briefsRetail, Other Brands lead Topsports International in FY
The Chinese group achieved year-over-year sales lifts from both its retail business and Other Brands segment (Puma, Converse, Asics, and Hoka among others) to help it realize overall FY revenue growth of 6.9 percent to 28,933.2 yuan renminbi (€3.74b) for the 12 months ended Feb. 29. Annual operating profit grew ...
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News briefsConverse to cut jobs as part of Nike's $2 billion cost-saving strategy
Converse, a subsidiary of Nike, is set to cut jobs as part of Nike’s broader $2 billion cost-saving initiative, a knowledgeable source disclosed on Tuesday. Announced in December, Nike’s three-year plan aims to economize through strategies like product supply tightening and management streamlining. The footwear leader has faced challenges with ...
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News briefsConverse Basketball to get a star creative director
Shai Gilgeous-Alexander, a guard for the Oklahoma City Thunder in the NBA, will become the Creative Director of Converse Basketball this September, according to a statement from the brand quoted in Forbes. He will also get a signature shoe of his own in 2025. Gilgeous-Alexander signed an endorsement deal with ...
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ArticleNike posts digital decline for first time in nine years
The brand now want to focus on new iterations of its Air technology, investments with its wholesale partners, and better storytelling.
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ArticleNike eyes innovation, cost cuts to drive future results
Citing increased macroeconomic headwinds around the globe, particularly in the EMEA and Greater China, Nike is stepping up its strategic approach to innovation and numerous cost-cutting measures to improve its financial results in the coming quarters. That effort will include greater emphasis on product newness and opportunities to slash ...
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Infographics & DataYear-on-year DTC sales growth 2022
How do the 2022 DTC sales at some of the biggest sporting goods companies compare with 2020 and 2021? We have the numbers for Nike, Adidas and more.
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News briefsConverse’s FY23 Ebit inched up 1%
Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...
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News briefsNike appoints new Converse CEO
Following last week’s leadership changes, Nike has announced a new president and CEO for Converse. Jared Carver will succeed Scott Uzzell, effective June 1. Carver will report to John Donahoe, President & CEO of Nike, Inc. Uzzell has transitioned to a new role as VP/GM, North America for Nike. Carver ...
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News briefsTopsports sticks to gameplay despite volatile years
The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...
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Infographics & DataYue Yuen’s 2022 shoe manufacture volume by region
We bring you a breakdown of Yue Yuen’s shoe manufacture volume by region
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News briefsMichael Jordan’s 1983 Converse sneakers go up for auction
Source: Infinite Auctions Michael Jordan’s 1983 Team USA Game Worn Sneakers Sports fans and collectors will soon have a unique opportunity to own a piece of basketball history when Michael Jordan’s game-worn sneakers from the 1983 Pan American Games are auctioned off at Infinite Auctions. The iconic ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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News briefsProgred to distribute Converse accessories in Iberia and France
Until now the brand’s retail partner for Iberia – especially 20 El Corte Inglés locations – Progred Group has struck a deal with Converse to expand its distribution for the brand to accessories in Spain, Portugal, France and Andorra. These are to be sold through the major retailers of fashion, ...
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News briefsTNF appoints new CMO and chief product and merchandising officer
VF Corp. brand The North Face has added two women to its management team. Sophie Bambuck is joining the company as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer. Both managers have worked at Nike in leadership positions for years, just like TNF’s new president, Nicole ...
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ArticleMarket Analysis: The sports apparel market
This is an exclusive, yearly statistic available only to subscribers of SGI Europe. It includes revenue and market-share development, as well as a regional breakdown, of the major global sports apparel brands.
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ArticleFoot Locker lowers FY22 outlook slightly, but stock soars on CEO hire
U.S. retail chain Foot Locker, which operates 630 doors across Europe, has modified its FY22 outlook downward due to likely additional pressures on its H2 business. But the revision, coupled with a 9 percent decline in second-quarter sales and a 76 percent drop in Ebit for the period ended July ...
