August 22, 2018
The Chinese running brand returned to growth in the first half of 2018 after last year’s restructuring, reporting a 32% increase in comprehensive net income to RMB444.3 million ($69.6 mm) from RMB337.1 million on 18% higher sales of RMB2,729.0 million ($427.7 mm) vs. RMB2,310.8 million.
The mass market retailer called out the athletic brands for driving a 4% gain in national brand sales in Q2 and sees the surge continuing as it rides the athleisure trend in the back half of the year.
The Eager Beavertons were on the receiving end of social media-fueled outrage this week over an image of its Nike X MMW balaclava being worn by a tattooed black male model, which sparked a Twitter storm accusing them of exploiting gang culture.
Following a successful beta test that began last fall, the outdoor co-op is extending the site with more brands and product categories available for purchase, and adding member-to-member gear swap functionality.