Shoes

It's all hands on deck after Nike's shares had their worst day on record in June, when management told investors revenue is expected to decline this fiscal year

If current losses hold, Nike's shares were set for their worst day in more than two decades and wipe out nearly $27 billion in market value

The company's revenue performance was broadly in line with a 4.6 per cent growth in revenues brought on by a 4 per cent improvement in volumes and a marginal gain in realisations

Government policies to improve consumption especially in tier 2 and tier 3 centres could help improve demand for footwear majors such as Bata

At the current price, the stock is trading at 52 times its FY26 consensus earnings estimates

'Bha', short for Bharat, stems from a study which found that Indians tend to have broader feet than Europeans, making the current shoe sizing system ill-fitted for the Indian population

UK Prime Minister Rishi Sunak faced flak from social media users over his Adidas Samba look during an interview at 10 Downing Street

It has set a target to reduce its carbon emissions by 20% in 2026 and 42% by 2030

The Japanese sporting goods company Asics is aiming to double its number of stores and open its first exclusive store in the country in the country by 2026

That sparked a slump in Nike's shares, which have struggled to recover and remain down about 2% this year

The 650 square metre facility is capable of shipping up to 60,000 pairs of shoes per day and will interface with Skechers' direct-to-consumer channel and its headquarters in Mumbai as well as the USA

Adidas believes it may have to write off the remaining 300 million euros (USD 320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company said it will decide in the coming weeks whether or not to do a third release of the shoes next year to generate more donations to groups fighting antisemitism. The shoe and sports clothing company, which cut ties with Ye in October 2022 after he made antisemitic remarks online, has sold 750 million euros worth of the shoes in two stages earlier this year through Adidas smartphone apps and its website. Part of the profits went to groups like the Anti-Defamation League and the Philonise and Keeta Floyd Institute for Social Change, run by social justice advocate Philonise Floyd, the brother of George Floyd. The announcement from Adidas comes at a time of rising antisemitism and islamophobia after the outbreak of the Israel-Hamas war. The company included the possible write-off of the ...

Shares of Metro Brands that boasts of Metro, Mochi, Walkaway, Crocs and Fitflop brands, hit a record high of Rs 1,292, rallied 15% in intra-day trade on the BSE.

Established in 2008 by Virender Awal and a co-founding team of five members, Mochiko Shoes registered a revenue of Rs 642 crore in FY23 and is estimated to grow by 30 per cent year-on-year

Adidas said it now expected currency-neutral revenues to decline at a mid-single-digit rate in 2023, from the high-single-digit rate previously estimated.

Bata India on Thursday reported a 71.82 per cent rise in consolidated net profit at Rs 119.37 crore for the first quarter of FY23 as the shoemaker achieved the "highest ever quarterly sales". The company had posted a net profit of Rs 69.47 crore in the April-June quarter a year ago, Bata India Ltd said in a BSE filing. Its revenue from operations during the quarter under review was at Rs 943.01 crore, up over three-fold from Rs 267.04 crore in the pandemic-hit corresponding quarter of FY22. "A direct outcome of the continued focus on key thrust areas of franchise & MBO expansion, consumer relevant communication, portfolio casualisation and digital footprint expansion was reflected in the quarterly sales reaching a lifetime high," Bata India said its earnings statement. This was supported by a continuous increase in portfolio and marketing investments. Moreover, footfalls across retail outlets saw a significant growth besides sales through digital channels, it added. Bata India's .

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Small firms, which employ about 110 million Indians and account for 45% of manufacturing, were hit the hardest

Campus Activewear plans to expand its distribution network and deepen its footprints in western and southern regions