Famous brands file for bankruptcy! This pair of shoes has increased more than five times a year.

At the same time, it said that it will close 95 Express stores and 10 UpWest stores, but the online channels of all its brands will remain normal.

A group of investors headed by brand management company WHP Global are seeking to save the company through acquisition.

As an established fashion brand in 1980, Express has been a long-term pillar clothing store in American shopping centers. In its heyday, Express provided casual pants and shirts to consumers in several generations of shopping malls, and even acquired Bonobos and UpWest brands.

Neil Saunders, Managing Director of GlobalData, said in a statement:

"The biggest problem is the decline in income. Since 2019, its income has dropped by about 10%." "This is in stark contrast to the strong growth of the clothing industry in the same period. This has put the company under great financial pressure and caused some great losses. All this is unsustainable, which is one of the reasons why the company went bankrupt. "

Recently, according to Circana, the size of the football footwear market is more than five times that of a year ago.

The retail analysis company said on Wednesday that in fact, due to the revival of Adidas samba, the sales of this category are increasing. The dollar sales of football shoes also increased by 9% this quarter.

Circana pointed out that soccer-inspired footwear, running shoes and tennis shoes promoted the growth of the high-performance footwear market in this period.

Beth Goldstein, a footwear and accessories analyst at Circana, said in a statement that the "bright spots" in the footwear market continue to reflect consumers' preference for comfort and versatility of fashionable shoes and sports shoes.

The tennis market has also ushered in a new development. Compared with last year, the sales of high-performance tennis shoes increased by 27% and the sales of tennis shoes increased by 29% in the first quarter.

Anta opens the first 0-carbon store in China

As the first carbon-neutral store certified by an authoritative organization, Anta 0 Carbon Mission Store is committed to fully achieving carbon reduction targets from product manufacturing to terminal operation, and uses the brand new ANTAZERO brand logo.

According to the data of Fashion Business News, the revenue of Anta Sports increased by 16.2% to 62.356 billion yuan last year, surpassing the 7.402 billion US dollars of Nike China in fiscal year 2023, or about 34.07 billion yuan, which is about 1.2 times of the latter's revenue, and also greatly exceeds the income of Li Ning and Adidas China.

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