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.
Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
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.
HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.
PORTLAND, United States —Nike Inc. posted third-quarter profit that topped analysts’ estimates as the growing popularity of basketball shoes outside of the gym boosted sales in North America.
BERLIN, Germany — Adidas aims to replicate a sports stadium experience at flagship stores around the world, part of an effort by the German sportswear firm to make more direct sales, particularly in emerging markets.
BEAVERTON, United States — Nike Inc., the world’s largest sporting-goods company, posted second-quarter profit that topped analysts’ estimates as higher-priced shoes boosted sales.
FRANKFURT, Germany — When soccer teams battle for the World Cup in Brazil next year, another fight for global supremacy will be played out on the pitches — between Adidas and Nike.
Courtesy of our friends at 032c, BoF brings you an exclusive excerpt from Jonathan Olivares’ piece on HTM, a three-person design collaboration between Nike chief executive Mark Parker, designer Tinker Hatfield and cultural consultant Hiroshi Fujiwara, conceived “to amplify new innovations, reinterpret existing designs, and explore concepts that take the brand to new places.”
With the debut of its second-generation FuelBand, Nike extends its foothold in the fast-growing “wearables” market and moves further into social products.
NEW YORK, United States — Nike's key growth areas include China, women's sports and e-commerce, and the athletic gear maker plans to have $36 billion annually in revenue by fiscal 2017.