September 21, 2023 JD Sports Accelerates in North America
Touting solid growth from all its banners here, JD Sports’ total North American revenue climbed 17% in the first half ended July 29 to £1,520.4 million ($1902.9 mm) from £1,300.4 million, slowing somewhat in the second quarter but still handily outperforming its competitors. Skechers Sees Operating Margin Targets Within Reach
The balance continues between operating margin expansion and investments to drive the quest towards $10 billion in revenue at Skechers, the company shared at Wells Fargo’s Consumer Conference. Novelship Scores Series B Investment
The Singapore-based marketplace for limited edition sneakers, apparel and collectibles has raised $9.5 million in Series B funding, led by East Ventures, iGlobe Partners and GSR Ventures. Huntsman Launches Liquid Thermoplastic PU for Footwear
The chemical company is rolling out thermoplastic polyurethane for footwear, enabling rapid manufacturing of high-performing midsoles while advancing the brands’ circularity ambitions. CPSC Recall: Shimano Cranksets
The Japanese component maker is recalling about 760,000 11-Speed bonded Hollowtech II road cranksets because the bonded crank parts can separate and break. Etcetera: Adidas, Mavic, Norrona, REI, Reebok, AGM, On Running
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