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November 13, 2024 Japanese Retailers See Mid-Singles Sales Growth
Net income inched down 0.3% to ¥2,016 million ($13.5 mm) from ¥2,021 million on a 4% sales gain to ¥125,179 million ($839.6 mm) compared to ¥120,052 million for Xebio’s fiscal first half ended Sep. 30. StockX Says New Brands, Styles Growing at Resale
With co-founder Greg Schwartz poised to take over as CEO on Jan. 1, the resale marketplace sees customers turning to alternatives as demand cools for the endless retro Jordan and Yeezy releases that have fueled sales in past years. Eagle Nice Profits Slip in H1 on Higher Sales
Net income attributable to shareholders declined 20% to HKD 183,200,000 ($23.5 mm) from HKD 229,225,000 in the fiscal first half ended Sep. 30, despite revenues growing 18% to HKD 2,982,900,000 ($381.9 mm) from HKD 2,521,917,000. Bike Makers Merida and Ideal Going in Opposite Directions
Taiwan’s second-largest bicycle manufacturer, Merida Industry, saw net income attributable to shareholders slip 9% to TWD 690.2 million ($21.4 mm) from TWD 758.3 million in the third quarter. VF Corp. Downgraded by S&P Global
The ratings agency cut VFC’s issuer credit rating by two notches to BB from BBB-, citing weak performance and elevated leverage, taking the company into junk territory. Etcetera: Perfect Moment, Leica, Winchester Safes, Fanatics, Abode Outside, Puma, Altra
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