Three Executives At China's Lining Resign
A representative from the Chinese sportswear company Lining has confirmed to the local media that the company's three executives, including Chief Operating Officer Guo Jianxin, Chief Marketing Officer...
View ArticleNike's Sales In China Up 18% In 2011 Fiscal Year
American sportswear maker Nike has published its financial results for 2011 fiscal year, from May 2010 to May 2011, stating that its sales in the Greater China market reached USD2.06 billion, a...
View ArticleAdidas' Revenue Up 31% In China In Q2 2011
The world's leading sportswear maker Adidas has published its financial results for the second quarter of 2011, stating that its operating revenue in Greater China increased by 31%. According to the...
View ArticleLining Announces Additional Layoffs In China
Chinese sportswear brand Lining announced a round of staff layoffs to lower labor costs. The company said that it will make a full analysis and evaluation on its current brands, and focus more on core...
View ArticleDecathlon Opens First Flagship Store In Taiwan
French sports supplies retailer Decathlon has opened its first flagship store in Taiwan. At the same time, the company established its operating headquarters for this region. According to the plan of...
View ArticleNike Reported Sales Of USD667 Million In China In Q4
Nike published its financial report for the fourth quarter ended May 31, 2012, stating that its sales in the Chinese market decreased by 3.9% compared with the third quarter. By May 31, 2012, Nike's...
View ArticleChina's Anta Net Profit Down 17% In H1 2012
Chinese sportswear company Anta has published its semi-annual performance report ended June 30, 2012, stating that its operating revenue decreased by 11.6% year-on-year to CNY3.93 billion. At the same...
View ArticleAnta Reported Net Profit Of CNY1.36 Billion In 2012
Chinese sportswear company Anta published its performance report for 2012, stating that its net profit was CNY1.36 billion during the reporting period. According to the report, the company's operating...
View ArticleAdidas Greater China Operating Revenue Up 15%
Adidas published its annual results for 2012, stating that its revenue from the Greater China region was EUR1.562 billion, a year-on-year increase of 15% based on a fixed exchange rate. Colin Currie,...
View ArticleDecathlon Prepares New Zhengzhou Store In October 2013
French sports supplies retailer Decathlon will reportedly formally enter Zhengzhou, Henan, in October 2013 by opening a new store in the city. Located in Zhonglu Square, the new Decathlon store has a...
View ArticleChinese Sportswear Company Forecasts Revenue Decrease This Year
Chinese sportswear retailer Lining announced its performance expectations for 2011, stating that its revenue may decrease by as much as 7% compared with 2010 due to slow order increases and inventory...
View ArticleSwire's Latest China Joint Venture Includes Over 700 Retail Outlets
U.S.-based Columbia Sportswear Company has commenced its joint venture in China with Swire Resources Ltd. The JV commenced on January 1, 2014, and is initially slated to last 20 years. Samson Wong was...
View ArticleAdidas Opens Additional Chinese Specialty Stores For Women
International sportswear brand Adidas has opened two specialty stores for women in the Sichuan city of Chengdu. In October 2014, Adidas opened its first women specialty store in Beijing and the company...
View ArticleChina's Lining Expects Losses Of CNY800 Million In 2014
Chinese sportswear company Lining announced that the company will continue to suffer losses in 2014 and its losses may be up to CNY820 million. So far, the company has reported losses over three...
View ArticleChina's Anta Net Profit Up 29% In 2014
Chinese sportswear retailer Anta announced its performance for 2014 and said it had net profit of CNY1.7 billion, representing a year-on-year increase of 29%. Anta realized turnover of CNY8.923 billion...
View ArticleAdidas Greater China Sales Up 10% In 2014
The world's leading sportswear brand Adidas recently announced its performance for 2014 financial year, stating that its sales in Greater China reached EUR1.811 billion, a year-on-year increase of 10%....
View ArticleLining To Sell 10% Double Happiness Shares For CNY125 Million
Chinese sporting goods group Lining will sell a 10% stake in Double Happiness to its major shareholder Viva China Sports for about CNY125 million. After this transaction, Lining will still hold a 47.5%...
View ArticleAdidas Plans New Super Brand Center In Hong Kong In 2016
International sportswear provider Adidas announced that they will open their sixth Adidas Brand Center in the world in Hong Kong's Central district during the first half of 2016. In addition, the...
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China's 361 Degrees Net Profit Up 30.2% In 2015
Chinese sportswear maker 361 Degrees Group published its financial report for 2015 in Hong Kong, stating that its turnover reached CNY4.459 billion in 2015, a year-on-year increase of 14.1%; its gross...
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Anta Acquires Korean Brand Kolon Sport
Chinese sportswear brand Anta announced that its wholly-owned subsidiary Anko and the joint investor of Kolon have signed a joint venture agreement with Kolon for the establishment of a joint venture...
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