Topsport sales sag in latest fiscal quarter, as its shares tumble on Nike reports
Sportswear seller Topsport International Holdings Ltd. (6110.HK) said on Thursday that sales for its retail and wholesale operations registered a low-teens decline in the three months through May 31, the…
Brand expansion deflates Topsports’ top, bottom lines
The former top China distributor for Nike and Adidas is betting on a “running + community” concept to penetrate the performance sports market with a new self-developed brand Key Takeaways:…
Yue Yuen stumbles on high labor costs, geopolitical uncertainty
The shoemaker’s profit fell 24% in the first quarter on falling margins, as it continues taking preemptive hedging measures against geopolitical risk Key Takeaways: Leading shoemaker Yue Yuen’s revenue grew…
China’s ‘consumption downgrade’ trips up Anta
The leading sportswear maker said sales of its premium Fila brand began to contract in the third quarter, while its core Anta brand continued to grow Key Takeaways: Anta said…
FAST NEWS: Topsports’ profit sags on weak consumer spending
The Latest: Topsports International Holdings Ltd. (6110.HK), a major distributor for foreign sports brands in China, said on Tuesday it expects its net profit to drop 35% year-on-year in the…
FAST NEWS: Topsports interim profit rises despite weak retail sales
The latest: Topsports International Holdings Ltd. (6110.HK), a major distributor for Nike (NKE.US) and Adidas (ADS.DE) in China, announced on Wednesday that its revenue for the six months through August…
Topsports sprints ahead as foreign-brand boycott fades
The seller of Nike and Adidas brand shoes and sportswear in China said its sales rose by a ‘low 20s’ percentage amount in its fiscal first quarter through May Key…
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