NEWS WRAP: Arc’teryx apologizes for controversial Himalaya fireworks show
The sportswear maker’s ‘Rising Dragon’ show in the world’s highest mountain range sparked ecological and cultural backlash, prompting apologies and an official probe By Lee Shih Ta A controversial…
361 Degrees sprints ahead of retail rivals with stablecoin exploration
The sportswear seller announced it is researching the potential for accepting stablecoins as payment as Hong Kong experiments with the cryptocurrency type Key Takeaways: 361 Degrees announced it is exploring…
BRIEF: Anta to open 1,000 Southeast Asia stores in next three years
Sportswear maker Anta Sports Products Ltd. (2020.HK) said on Thursday that it plans to open 1,000 stores in Southeast Asia over the next three years, as it expands beyond its…
Stella International steps sideways on flattening revenue, U.S. tariff threats
The contract footwear maker’s shares rallied after it announced lukewarm second-quarter sales, possibly on bullish forward-looking comments from its largest customer, Nike Key Takeaways: Shares of contract footwear maker Stella…
BRIEF: 361 Degrees retail sales, e-commerce revenue up in second quarter
Sportswear brand 361 Degrees International Ltd. (1361.HK) said on Monday that revenue for its core branded products and Kid's brands both grew 10% in the second quarter from a year…
BRIEF: Anta to open first U.S. store in Beverly Hills
Leading sportswear maker Anta Sports Products Ltd. (2020.HK) is preparing to enter the U.S. market with a store in Los Angeles, extending its expansion outside China. The store is still…
BRIEF: Xtep reports mid-single-digit growth in first quarter
Sportswear company Xtep International Holdings Ltd. (1368.HK) said on Wednesday that its China operations achieved mid-single-digit year-over-year retail sales growth during the first quarter, with average discounts reaching between 25%…
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