Li Ning Company in its results for the six months ended 30 June 2013 said that its revenue on year-on-year basis decreased by 24.6 percent, whereas gross margin increased slightly to 43.6 percent from 43.2 percent last year. Gross profits declined by 24 percent. The Board of Directors has not declared an interim dividend for the six months ended 30 June 2013 considering current operating conditions. Li Ning, Founder and Executive Chairman of the Group, commented saying, “China's sports industry

Prada F/W 2014 Campaign | Source: Prada Prada SpA’s first-half sales growth fell to a third of last year’s as China luxury demand cooled amid a slowdown in the world’s second-largest economy. The shares of the luxury handbag maker declined as much as 2.4 percent to HK$69.70, before trading at HK$69.90 at 10:13 a.m. in Hong Kong. The benchmark Hang Seng Index rose 0.4 percent. Prada’s revenue rose 12 percent to 1.73 billion euros ($2.3 billion) in the six months through July, the Milan-b

Gap has reported that its net sales for the second quarter of fiscal year 2013 increased 8 percent compared with the second quarter of fiscal year 2012, and that July 2013 net sales increased 5 percent compared with last year. The company expects diluted earnings per share for the second quarter of fiscal year 2013 to be in the range of 0.62 dollars to 0.64 dollars. This compares to diluted earnings per share for the second quarter of fiscal year 2012 of 0.49 dollars. “We are pleased with our s

In the first half of 2013, Tod’s sales were up 3.5 percent from the first half of 2012. The group’s net income in the first half of 2013 showed a growth of 1.8 percent compared to the first half of 2012. Consolidated sales were up 1.8 percent in the first half of 2013 compared to the first half of 2012. The group’s profit before taxes was up 2.7 percent from the first half of 2012. Sales in the American market in the first half of 2013 were up 19.7 percent compared to the first half of 2012. Th

Germany-based Adidas has blamed its 11 percent drop in revenues for the first half of its fiscal year on the "lacklustre trading environment" and tough trading conditions across Europe, its main market. Adidas’s 11 percent decline in western European sales is "a point of concern,"commented the news for Bloomberg Ingbert Faust, an analyst at Equinet Bank, who has an accumulate rating on the shares. While sales are likely to improve in the remainder of the year, rival "Nike’s strong market presenc

Uniqlo store at The Village, Beijing | Source: Shutterstock Fast Retailing Co., Asia’s largest clothing retailer, joined Inditex SA and Hennes & Mauritz AB in signing an accord to improve factory safety in Bangladesh after an April garment complex collapse killed more than 1,000 people. Fast Retailing has independently reviewed fire and building conditions at plants run by its partners in Bangladesh and detailed results are expected by November, it said in today’s statement. Inditex

Prada F/W 2014 Campaign | Source: Prada Italian fashion house Prada appeared to brush off luxury industry concerns about slowing growth in China, saying demand from the country helped to drive an 11.6 percent rise in sales for the six months ended July. Luxury goods firms including Germany’s Hugo Boss and France’s Kering have warned of cooling demand from China, which until recently had been the engine of strong growth in the sector. However, Prada on Thursday singled out the “significa

American fashion retailer J Crew is stepping up its London expansion with the announcement that it is to open a third London store in Brompton Cross this autumn. This is on top of the already announced flagship on Regent Street, which is planned to open on November 1, and the men’s boutique on Lambs Conduit Street, which will open in October. The Brompton Cross store will be dedicated to womenswear and will house limited-edition pieces from its upmarket J Crew Collection line, as well as its e

The gross margin of the Adidas group increased 2.1 percentage points to 50.1 percent in the first half of 2013. Gross profit for the Adidas group grew 1 percent in the first half of 2013. The Adidas group’s gross margin increased 1.8 percentage points to 50.1 percent in the second quarter. Second quarter sales at Adidas remained stable on a currency-neutral basis. Sales at Reebok grew 11 percent on a currency-neutral basis. In the second quarter of 2013 currency-neutral revenues in Western Euro

“Bowie meets Cary meets Gosling…” Meets Huckleberry Finn? For Spring 2014 Michael Kors is waging war on your guy’s skinny jeans, debuting a Dickens-luxe range of sleeveless blazers, suede trenches, hemp bags, and wide-legged, pajama-style trousers complete with rope-inspired belt. The reason for Kors’ personal vendetta is unclear. Is fitted denim not compatible with a streak-free spray tan? Is this a clandestine move to clear the path for father-son pants sharing? Whatever the reason, we’r