Li Ning 2013 Net Loss Narrows

Li-Ning, benefiting from restructuring initiatives, reduced its loss in 2013 to 391.5 million yuan ($63 million), compared to a 1.98 billion yuan loss in the year ago period. Revenues fell 12.8 percent to 5.82 billion yuan ($939 mm), partly due to its nea

Nike’s Q3 Impresses; FX Headwinds Cloud Outlook

With both its basketball and running segments clicking, Nike Inc. seems to have few challenges these days driving demand for its products. But even the sporting goods giant can’t do much about currency fluctuations. The company delivered third-quart

Nikes Supports Military Veterans

Team Red, White and Blue (Team RWB), a national nonprofit supporting military veterans, announced the support of Nike, Inc., who will serve as its official outfitter for athletic apparel…

EOG Names First CSR and Sustainability Manager

The European Outdoor Group (EOG) has strengthened its team with the appointment of a CSR and sustainability manager. Pamela Ravasio has joined the EOG in this new role and brings 15 years of business experience, including nine years of major involvement

DSW Sees Challenging 2014 Amid Omni-Channel Push

DSW reported fourth-quarter earnings, adjusted to exclude non-recurring items, slid 8.6 percent to $28.7 million, or 31 cents, on flat comparable-store sales. But it also delivered a cautious 2014 outlook, in part due to an “aggressive” push t

Bauer Sees Q3 Revenue Gain

Bauer Performance Sports reported preliminary results for its fiscal third quarter ended Feb. 28, 2014. Revenues are expected to range from $61 million to $63 million, up from $54.9 million a year ago…

Li and Fung’s U.S. Business Bounces Back

Li & Fung reported net profit attributable to shareholders rose 17 percent in 2013, to $725 million, aided by a turnaround in its U.S. business. Sales grew 3 percent to $20.7 billion. The Hong-Kong sourcing giant also proposed a spin off of its global bra