Market value of 20 billion shoe company, announced the relocation of headquarters! Artie, NB is the winner

Foundry Shenzhou International first half

Profits approaching $3 billion

Uniqlo and other foundry Shenzhou International yesterday announced the first half of 2024 performance data, revenue growth of 12.2% to 12.98 billion yuan, less than analysts expected, profit rose 37.8% to 2.93 billion yuan, gross margin increased 6.6 percentage points to 29%.

By product, sports revenue rose 7.6 percent to 9.1 billion yuan, leisure revenue rose 20 percent to 2.76 billion yuan, and underwear revenue surged 47 percent to 900 million yuan.

By region, domestic market revenue grew 20% to $3.7 billion, Japanese market revenue surged 27% to $2.1 billion, European market revenue grew 4.4% to $2.5 billion, U.S. market revenue grew 2.7% to $1.9 billion, and other market revenue grew 7.4% to $2.7 billion.

$20 billion shoe company

Announce the relocation of headquarters!

Athletic shoe retailer Foot Locker announced on the 28th that it will move its headquarters from New York to Florida to avoid high costs in the state.

Foot Locker's current market value is 2.8 billion yuan (about 19.9 billion yuan).

Source: Multiple media

Photo: Screenshot of the report

"To better support our strategic progress, enhance collaboration among our team members, and continue our financial discipline, we have decided to move our headquarters to St. Petersburg, Florida," Foot Locker Chief Executive Mary Dillon said in a statement, according to media reports.

The company said it will maintain only a limited presence in New York City going forward, and the relocation of its headquarters is expected to be completed by the end of 2025.

In fact, St. Petersburg, Florida, a city of 250,000 people near Tampa, hasn't been a hot spot for corporate headquarters.

But in 2021, Cathie Wood's Ark Investment Management also moved from New York to St. Petersburg and paid $2 million for the naming rights to the ARK Innovation Center, a 45,000-square-foot startup facility.

Nike's back-to-school popularity drops

Adidas and New Balance were the winners

According to Stifel's survey of sneakers for this year's back-to-school season, daddy shoe styles like the New Balance, Asics and NikeVomero 5, as well as styles like adidas Samba, Gazelle and Campus, are gaining popularity in the U.S. market. Nike's Air Force 1, Jordan 1 and Blazer models are losing popularity.

According to the survey, U.S. consumers are moving toward more comfortable footwear, and consumer preferences are shifting from neutral colored court styles to colorful, Terrace styles and comfort-oriented platform daddy shoes.

New Balance became the most popular brand in stores, showing year-over-year growth across all retailers. Still, Nike retained its position as Dunk's favorite shoe, with 52 percent of respondents mentioning Dunk, up from 30 percent last back-to-school season.

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