With many in UK retail reporting sales falls for the Christmas trading period it was encouraging on Friday to see JD Sports Fashion talking about “positive like-for-like trends in the group's global fascias”.
Apparel giant PVH Corp is selling its Speedo North America business to UK-based Pentland Group, which is the parent company of Speedo International Limited. The British firm is paying $170 million in cash.
Eyebrows were raised when Pitti first announced that K-Way, French sportswear label, was given a prestigious Pitti runway slot. But the naysayers proved wrong, as the marque staged a zippy collection in Florence.
If anyone thought the athleisure trend might be fading, they couldn't have been more wrong. Lyst said Friday that 2019 saw soaring searches while 2020's New Year's resolutions have boosted demand further.
Fred Perry, which is opening stores in key location at present, made pre-tax profit of £28.3m in the 12 months to the end of March, a healthy year-on-year rise after it had made £21.3m in the previous period.
Wall Street analysts were upbeat about Nike's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.