August 27, 2024 Anta Sports Net Soars on Double Digit Sales Growth
Net income attributable to shareholders was up 63% to RMB 7,721 million ($1,080.9 million) over RMB 4,748 million for the first half ended June 30, on revenue growth of 14% to RMB 33,735 million ($4,722.9 million) from RMB 29,645 million bolstered by favorable domestic government policy, heat around the Summer Olympics and e-commerce gains. Nike and Jordan Tumble in New Athletic Footwear Survey
Rising heat for New Balance and Adidas sent Nike to its lowest-ever share of most-popular style references in the latest edition of Stifel’s Back-to-School Athletic Footwear Survey of leading retailers. Mainland Headwear Manufacturing Net Falls in H1
Net income attributable to shareholders fell 46% in the first half to HK$ 35,269,000 ($4.5 mm) from HK$ 65,075,000 on 12% lower revenues of HK$ 687,114,000 ($88.0 mm) down from HK$ 780,258,000. Swiftwick Adds to Leadership Team, Sets Brand Refresh
The performance sock brand is bolstering its leadership team and also getting a makeover, including new website, product packaging, and a week-long series of event activations. National Park Visits Tumble in July
National Park recreational visits fell 6% year-over-year to 39,856,991 in the seasonally large month of July, down from 42,463,634, while year-to-date visits were 1% lower at 188,470,437 compared to 190,208,749. Etcetera: Bass Pro Shops, High Speed Gear, DPS Skis
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