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…
FAST NEWS: Topsports revenue, profit drop on weak consumer sentiment
The latest: Topsports International Holdings Ltd. (6110.HK), a major distributor for Nike and Adidas in China, reported on Tuesday that revenue for its financial year through February fell 15% to 27 billion yuan ($3.8…
FAST NEWS: Credit Suisse transfers large Topsports stake
The latest: Credit Suisse Trust Ltd. transferred all of its 522 million shares in Topsports International Holdings Ltd. (6110.HK) to TMF (Cayman) Ltd. on Mar. 10, according to Hong Kong…
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