Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
BERLIN, Germany — U.S. sportswear maker Nike Inc, battling Adidas AG to be the world's biggest soccer brand, expects kit sales to keep growing fast after the World Cup, its chief executive was quoted as saying in a German newspaper.
BERLIN, Germany — U.S. sportswear group Nike is banking on its sponsorship of more of the world's best-known soccer stars than Adidas in its battle to overtake the German firm as the sport's top-selling brand at its World Cup this summer.
BERLIN, Germany — The long-serving chief executive of Germany's Adidas said preparing the sportswear giant for a change at the top when his contract ends in 2017 will be among his biggest priorities, Sueddeutsche Zeitung reported on Saturday.
HANOI, Vietnam — Thousands of Vietnamese set fire to factories and rampaged in industrial zones in the south of the country after protests against Chinese oil drilling in a part of the South China Sea claimed by Vietnam, officials said on Wednesday.
FUERTH, Germany — German sportswear company Adidas might take longer than expected to achieve targets for 2015 due to a combination of weak European growth, foreign exchange effects and executional mistakes, its chief executive said on Thursday.
HERZOGENAURACH, Germany — Adidas AG reported first-quarter profit that missed analysts’ estimates as the world’s second- biggest sporting-goods maker suffers from the relative strength of the euro and a drop in revenue at its golf unit.
DONGGUAN, China — Yue Yuen Industrial Holdings Ltd., a maker of shoes for clients including Adidas AG and Nike Inc., said production at its Dongguan factory has resumed fully after being disrupted by a strike that began April 14.
HONG KONG, China — China’s human resources ministry ordered a contractor for Nike Inc. and Adidas AG to rectify benefit payments to workers striking for a 10th day to demand more pay and employer contributions to social security accounts.
HONG KONG, China — Adidas AG is moving some production away from Yue Yuen Industrial Holdings Ltd.’s shoe factory in Dongguan, China, where a strike over benefits and pay disrupted output for a ninth day.
BEIJING, China — Yue Yuen Industrial Holdings Ltd., the world’s largest branded shoemaker, fell most in almost a year in Hong Kong trading after the company said it plans to increase factory workers’ compensation in a bid to end a strike.
HONG KONG, China — Yue Yuen Industrial Holdings Ltd., a shoe supplier for Nike Inc. and Adidas AG, said more than 1,000 factory workers in a southern Chinese city went on strike today, demanding better social security payments.