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Subscribe to enjoy similar stories. NEW DELHI : Japanese footwear brand Onitsuka Tiger, part of Asics Corporation, said it could consider India as a potential manufacturing hub to accelerate its growth in the region. “Establishing a manufacturing base in India is a strategic move that can significantly accelerate Onitsuka Tiger’s growth in the region.

Vietnam, Thailand and Cambodia have for years worked to turn themselves into alternatives to China for factories making the bags, electronics, shoes and auto parts that eventually end up in the United States. Now, they will face some of the most punishing tariffs. All three countries have said in recent days that they’re open to negotiations over the “reciprocal tariffs” Trump announced this week, while Singapore, a finance and trade hub, has said that it doesn’t plan to strike back. The offers come as nations worldwide weigh how to respond to Trump’s decision to slap tariffs from 10% to as high as 50% on every country. Since his announcement, trillions of dollars in market value have been wiped out globally and triggered widespread recession alarms. Southeast Asia’s offers to negotiate contrast with China’s immediate retaliation, while the European Union is preparing its own countermeasures if talks fail. Trump and Vietnam's leader To Lam have agreed to discuss a deal to remove tariffs, both leaders said after a phone call that Trump said was «very productive», as Hanoi has escalated its campaign to dodge duties of 46%.

The reduction in the headcount, aimed at driving efficiency, will affect staff at Adidas's headquarters in Herzogenaurach and will progress on a voluntary basis, CEO Bjorn Gulden told reporters. Gulden took the reins at the sports outfitter in 2023 in the wake of its damaging split with West — who now goes by Ye — over anti-Semitic remarks by the rapper.

Subscribe to enjoy similar stories. Two years ago, the storied American sportswear company Nike unveiled a new sneaker design in collaboration with jeweller Tiffany & Company. It was a symbol of former CEO John Donahoe’s efforts to turn Nike into a luxury brand, bypassing retailers and selling direct to customers, just like the world’s bling behemoths.

Subscribe to enjoy similar stories. For years, China was the epicentre of global footwear manufacturing, producing nearly 72% of the world’s shoes in 2016. From Nike to Adidas, Puma, Crocs, and New Balance, virtually every major brand relied on China for production.

Ethan Holliday, one of baseball's top rising stars, has signed a historic NIL deal with Adidas, becoming the brand's first-ever baseball NIL athlete. An infielder from Stillwater High School, he comes from a baseball dynasty—his father, Matt Holliday, is an MLB legend, and his brother, Jackson Holliday, is a Baltimore Orioles outfielder.

The weak results late on Wednesday came after Adidas reported strong sales and profitability, highlighting the work Puma still faces to boost its brand and take a bigger slice of the $400 billion global sportswear market.

Subscribe to enjoy similar stories. The NBA’s 2023 most valuable player and last season’s top European goal scorer aren’t Nike or Adidas athletes. When playing, they wear what Martha Stewart wears: Skechers.

Subscribe to enjoy similar stories. Shoes are a valuable commodity. Just ask any sneakerhead or a runner.

Levis, Bata, Puma, Woodland, Wrangler, Biba, Adidas, Flipkart, Myntra, Nykaa Fashion, Shoppers Stop and Lifestyle are some who have already started discounting in online or stores or both, coming days after the heavy discounting during the Black Friday weekend sale in end-November. “Winter has become shorter and there is no point dragging inventory for a longer period,” said shoe and apparel brand Woodland India chief executive Harkirat Singh. The retailer started its sale earliest ever this year but Singh said discount is steep only on the slow sellers unlike previous two years when it was across the board.

Brazil soccer has extended its kit deal with Nike by 12 years to 2038

Diwali sales season, companies selling cosmetics, shoes, apparel, electronics and premium packaged foods are trying to liquidate stock by leveraging the Black Friday frenzy that is slowly making its way into India. Brands and retailers are offering discounts up to 50% at physical stores and on ecommerce platforms to push demand. Black Friday this year also coincides with salary payouts, which is prompting companies to sweeten deals to encourage consumers to spend. “Consumer demand during the year was not wow. But we believe Black Friday will create another occasion for consumption aided by good weather in the North,” said Pushpa Bector, senior executive director and business head at DLF Retail that owns several malls in North India. Nykaa, Myntra, Blinkit, Amazon, Tata Cliq, Samsung, LG, Xiaomi, Puma, H&M, Adidas, Levi’s and Skechers are among brands and platforms pushing Black Friday sales

Apple, Sony, Samsung and Amazfit along with deals on top lifestyle brands like Nike, Adidas, Tommy Hilfiger, Jean-Paul, Calvin Klein and more.Talking about the new sale, Saurabh Srivastava, Vice-President, Categories, Amazon India said in a statement, “The record-breaking success of Amazon Great Indian Festival 2024 showed the huge appetite that Indian customers have for great value. Now, we're raising the bar by bringing Amazon's popular shopping event globally, Black Friday, to India for the first time ever on Amazon.in, with savings across electronics, beauty, home appliances, and décor from both Indian and international brands.

FIFA has signed its long-time sponsor AB InBev to a Club World Cup deal that will promote the Budweiser and Michelob Ultra brands at the tournament in the United States next year

Tamil Nadu Chief Minister M K Stalin on Friday laid the foundation stone for a new manufacturing unit of the Taiwanese company Dean Shoes at the SIPCOT industrial park, Jayankondam, here. The footwear major Long Yin Investment (Dean Shoes) will invest Rs 1,000 crore for the project in the industrially backward district and it will generate employment to 15,000 people. This investment would further establish Tamil Nadu as a global hub for non-leather footwear manufacturing and would transform more districts like Perambalur, Ranipet and Ariyalur, driving distributed growth across the state, Industries Minister T R B Rajaa said. «More importantly, 90 per cent of these jobs are for women, a key pillar of the Dravidian Model,» the minister claimed.

Subscribe to enjoy similar stories. ZURICH—Sneaker brand On first grabbed attention with a sole full of holes. Now it is betting on a shoe that is made with a spray and feels more like a sock.

Subscribe to enjoy similar stories. Incoming Nike chief executive officer Elliott Hill could learn a lot from his counterpart at Adidas, Bjorn Gulden. In formulating his strategic blueprint, Hill should follow Gulden in making Nike nimbler and introducing some winning products, like Adidas’s Samba.

Subscribe to enjoy similar stories. Nike Inc, the sneaker-maker, has gone and done it. Last week, it parted company with Chief Executive Officer John Donahoe and replaced him with Elliott Hill, a longtime Nike executive who had retired in 2020.

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

In this article, we explore some of the best birthday gift ideas for daughters of all ages, helping you find something that will not only bring joy but create lasting memories on her special day.

Additionally, the right fit and breathability are crucial for preventing injuries and ensuring long-lasting comfort. Whether you are a seasoned athlete or just starting out, selecting high-quality footwear can make a significant difference in your game. Explore this range of top-rated basketball shoes designed to cater to various needs and preferences, ensuring you stay ahead of the competition and perform at your best with confidence and ease.