The wholesale model that it employed in 11 major provinces will be replaced over the balance of the year with a new business model that will have only Anta-owned stores and a handful of key franchisee stores.

The Chinese apparel maker, which counts Nike, Adidas and Uniqlo among its customers, saw net income gain 4% to RMB2,512,399,000 ($354.4 mm) in the first half from RMB 2,416,027,000 last year, on revenues that inched down slightly to RMB 10,233,778,000 ($1,443.4 mm) from RMB 10,279,693,000.

Nearly 5 million Americans bought their first-ever firearm in 2020, accounting for 40% of gun purchases, according to a new survey conducted by the NSSF.

The Amazon-owned company elevated COO Kedar Deshpande to succeed Hsieh, who is retiring after 20 years leading one of the first pure-play footwear e-tailers.

Fanatics will become the exclusive supplier of non-Australian licensed team merchandise on Rebel’s website and will also supply product for its brick-and-mortar stores, in a partnership that begins in mid 2021.