September 21, 2023
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.
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.
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.
The chemical company is rolling out thermoplastic polyurethane for footwear, enabling rapid manufacturing of high-performing midsoles while advancing the brands’ circularity ambitions.
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.