Friday, November 22

Tag: footwear

Nike Sends Warning About Slowing Consumer Spending
22Dec By adminNo Comments
World

Nike Sends Warning About Slowing Consumer Spending

Updated Dec. 21, 2023 7:41 pm ETNike cut its revenue outlook for the year amid concerns that consumers around the world are becoming more cautious with their spending.The sneaker and apparel company on Thursday said it anticipates softer sales for the second half of the year. It also plans to shave up to $2 billion in costs over the next three years through streamlining the organization and shedding employees among other moves. Shares plunged nearly 11% in after-hours trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Workers Who Make Your Clothes Want Higher Pay. Who Should Pony Up? 
6Nov By adminNo Comments
World

The Workers Who Make Your Clothes Want Higher Pay. Who Should Pony Up? 

DHAKA, Bangladesh—The armies of people who make clothes for Western brands—some of the lowest-paid factory workers in the world—are protesting for better wages, a fresh sign that the era of ultracheap labor, and ultracheap clothes, on which many companies rely is increasingly under strain.Garment workers in Bangladesh make as little as $3 a day, or about $75 a month. In recent days, tens of thousands have refused to work, calling for the minimum wage to be raised to nearly three times that amount. Demonstrations have spiraled, with factories set ablaze and machines smashed. Some three hundred factories were forced to stop operations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How Nike Fell Behind in the Innovation Race
21Oct By adminNo Comments
World

How Nike Fell Behind in the Innovation Race

Oct. 21, 2023 10:00 am ETNike made a swift comeback earlier this month in the super-shoe fight when marathon runner Kelvin Kiptum set a world record while wearing a new iteration of the company’s Alphafly 3. But the sneaker maker is losing steam in other races.Competitors such as Hoka and On are gaining a foothold among runners and with people who are looking for something comfortable to wear to work or school. Adidas and New Balance are also making headway in the market for streetwear by bringing back old models in dozens of colorways, moves similar to those from Nike’s own playbook.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hopeful of finalising certain FTAs in next few months: Piyush Goyal
29Jul By adminNo Comments
Business

Hopeful of finalising certain FTAs in next few months: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). "We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many more free trade agreements to help you grow your business with zero duty on finished leather products and footwear available for you to exploit bigger and better markets," Goyal said while addressing footwear industry representatives here. The minister also asked the industry to focus...
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