German sports apparel group Puma reported lower-than-expected second quarter results, hurt by falling sales in China and southern Europe as well as the effects of the weak yen in Japan, its second-biggest market.
VF Corp, owner of the brands like Wrangler jeans and The North Face outdoor clothing, reported higher quarterly adjusted earnings, helped by lower cotton costs and rising sales of high-margin merchandise. Revenue rose 3.6 percent to $2.
Australia's takeover regulator declined a request from Oaktree Capital Management and Centerbridge Partners to delay a $359 million refinancing deal surfwear for company Billabong International Ltd on anti-trust concerns.
Sports Direct, Britain's biggest sporting goods retailer, scrapped plans to pay its billionaire founder Mike Ashley a bonus worth some 60 million pounds on Thursday, saying it would look for other ways to reward him for its rapid growth.
French luxury group Hermès posted a 16 percent rise in second-quarter sales at constant exchange rates on Thursday and forecast full-year revenue could slightly exceed its mid-term growth target of 10 percent.
Shares in Australian surfwear company Billabong International Ltd surged as much as 34 percent on Wednesday, a day after the company said it will sell its Dakine clothing and accessories brand and jettison Chief Executive Launa Inman as part of a A$395 million ($359 million) refinancing deal.
While negotiations continue over a potential sale of Billabong to U.S. investment funds Altamont Capital and Sycamore Partners, the board sport group’s brands are hard at work — such as the repositioning of its women’s line for next summer.
Levi Strauss has reported a 246% increase in net income for its second quarter, ended May 26. The American group posted income of 48 million dollars for this quarter against 13 million for the same period in 2012.
Shares in Hong Kong's Chow Tai Fook Jewellery Group Ltd jumped as much as 15 percent on Wednesday after the world's largest jewellery retailer by market value reported strong revenue growth due to plummeting gold prices.