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Nike revenues up by a quarter

Global athleisure brand Nike has announced revenues of US$13.3 billion for its second quarter ending November 30. The figure is a 17% increase (27% on a currency neutral basis) on the same period a year earlier.

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Improved Geox results for 2021 so far

The Italian footwear and apparel manufacturer has reported its financial results for the first nine months of 2021, showing sales revenue of €463.5 million (US$520 million), +8.9% at constant exchange rates.

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Nike revenue up 3% for third quarter

The U.S. sportswear brand has published its fiscal 2021 financial results for the third quarter ended February 28, 2021, which show that despite disruption caused by the Covid-19 pandemic, revenue increased by 3% to US$10.4 billion on the prior year.

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Leather on the high street

The Covid-19 era is leaving retail exposed. It is clear that consumers still want to visit physical stores, but the role stores play in the cycle of purchasing has been changing for some time. Now what we call the ‘High Street’ has been transformed by the three months of closure, consumer confinement and fear.

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Powers promoted to President at Deckers

Deckers Brands, the makers of UGG boots has promoted Dave Powers to President. Powers has overseen the evolution of the company’s global direct to consumer channel including the build out of its leading edge omni channel capabilities. 

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The Split Report

August and September were very interesting for the global tanning industry. We moved from August, a very calm month because of the European summer holidays, to a September that was full of trade fairs this year. As we have highlighted on several previous occasions, fairs are not important places to do direct business, instead they can be defined as meeting points where trends, the mood of the market and new ideas are displayed and discussed. 

 

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