March 29, 2021 Report: Chinese Boycott Losing Momentum
The boycott of Nike, Adidas, and other western brands in China over their avoidance of Xinjiang cotton and manufacturing does not appear to be having a significant effect, according to a story in the South China Morning Post. Shenzhou International Revenues Rise on Mask Sales
Net income at the Chinese apparel manufacturer inched higher in 2020 to RMB 5,106,736,000 ($740.0 mm) from RMB 5,095,206,000, on 2% higher revenues of RMB 23,030,648,000 ($3,337.3 mm) up from RMB 22,665,272,000. Giant Group Top Line Gained 10% in 2020
Pandemic fueled global bicycle demand and a soaring e-bike business powered the world’s largest bike company to RMB 70.01 billion ($10.1 bb) in revenues last year, a 10% increase from 2019. Himaraya Returns to Profit on Strong Outdoor and Ski Sales
The Japanese retailer’s bottom line rebounded to a profit of ¥578 million ($5.4 mm) in the fiscal first half ended Feb. 28, from a loss of ¥386 million prior, as revenues grew 4% to ¥30,602 million ($286.6 mm) from ¥29,408 million. Tecnica Group Names Giovanni Zoppas CEO
Zoppas, who served as general manager of the Nordica brand between 2003 and 2006, is returning to Tecnica Group as its chief executive and general manager.
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