Sportswear

On Holding AG (NYSE:ONON) surpassed the fourth-quarter earnings and revenue expectations while delivering CHF100 million ($112.48 million) in apparel sales in 2024. During its earnings call, the performance sportswear maker highlighted its new store openings and expansion plans as well. What...

In an unscheduled announcement, Adidas AG (OTC: ADDYY) (OTC: ADDDF) raised its 2024 profit outlook after a better than expected first quarter. The good news come a month after the German sportswear giant posted its first annual loss in more than three decades and warned sales in...

Like Lululemon Athletica (NASDAQ: LULU), Nike Inc (NYSE: NKE) topped its latest earnings expectations. But shares of both Lululemon and Nike tumbled on Friday. Despite the earnings beat with holiday sales also surpassed expectations, Nike’s outlook included a drop in sales during the...

Columbia Sportswear Company (NASDAQ:COLM) reported worse-than-expected fourth-quarter financial results after the bell Thursday. Here's a look at the details.  The Details: Columbia Sportswear reported fourth-quarter GAAP earnings per share of $1.55, missing the analyst consensus estimate of $1.96...

On Thursday, Nike Inc (NYSE: NKE) reported its fiscal second quarter results that fell short of Wall Street’s sales estimates for the second quarter in a row. The sneaker giant also lowered its sales outlook and announced it intends to cut costs by $2 billion over the next three...

Key Takeaways: Shares of Li Ning tumbled 14% after it announced its purchase of a Hong Kong building to become its headquarters outside Mainland China The purchase will lay the groundwork for the sportswear maker’s overseas expansion, which it intends to officially launch in 2024. Li Shih...

One of the most searched items on Google of 2023 was the Middle East conflict involving the Hamas terrorist group and the regions of Israel and Gaza. Israel is losing its sponsor for its soccer team, but it likely has nothing to do with the current war. What Happened: Sportswear company PUMA SE (...

Lululemon Athletica Inc (NASDAQ: LULU) reported its third quarter results. Although it does not have the legacy of Nike (NYSE: NKE), it got under the skin of millennials who are passionate about the concept of a healthy lifestyle that embodies physical, mental, and emotional wellbeing. Nike is a...

Kevin Plank may not ring the same bell as a Bill Gates or the Larry Page-Sergey Brin duo or even a Mark Zuckerberg but the entrepreneurial journey of the founder of Under Armour, Inc. (NYSE:UA) has all the elements of an inspiring tale of building a business from scratch and transforming it into a...

Sportswear giant Nike Inc. (NYSE:NKE) has reportedly enlisted the services of Muge Erdirik Dogan, a seasoned Amazon.com Inc. (NASDAQ:AMZN) executive, as its new chief technology officer. What Happened: Nike has recruited Dogan, an experienced executive from Amazon, for the role of CTO. ...

Sportswear maker Li Ning Co Ltd (OTC: LNGGY) (OTC: LNGGF) became the latest casualty of a downturn in China and Hong Kong, after the company announced Wednesday night it had missed sales expectations in the third quarter. Shares in Hong Kong trading plunged more than 20% on the news. Li Ning said...

Key Takeaways: Guirenniao will wind down its sportswear business and focus on grain trading in the future  The company’s grain business accounted for more than half of its revenue in the first half of this year By Lau Chi Hang On Sept. 23, Shanghai-listed Guirenniao Co. Ltd....

Another Oversold Company Pops In a post last week, we mentioned out RSI (Relative Strength Index) kept us out of a losing trade (a bearish bet against Stitch Fix, Inc. (NASDAQ: SFIX) ), and helped us time an entry into another bet (on an oversold materials stock). Yesterday offered another...

On Thursday, Lululemon Athletica Inc (NASDAQ: LULU) continued its trend of beating sales and profits. Fueled by international growth, the Nike Inc (NYSE: NKE) rival boosted its full year guidance. Fiscal Second Quarter Highlights For the quarter that ended on July 30th, athletic apparel retailer...

A story of sharply divergent quarterly results that began with Target Corporation (NYSE: TGT) and The Home Depot Inc (NYSE: HD) struggling on one side, and Walmart Inc (NYSE: WMT) and The TJX Companies Inc (NYSE: TJX) thriving on the other, continued last week with Foot Locker...