Latest news with #AntaSports
Fashion United
15-07-2025
- Business
- Fashion United
Anta sports remains on growth course in first half
Chinese trading group Anta Sports Products Limited (Anta Sports) increased its retail revenues in key segments in the first half of the 2025 financial year. This was according to an interim statement published by the company on Tuesday. No specific figures were disclosed, however. Revenue contributions from the German outdoor supplier Jack Wolfskin, whose acquisition was completed on 31 May, are not yet included in the key figures presented. Retail revenues with products from the core brand Anta increased in the first half by a mid-single-digit percentage. Corresponding sales of items from the Fila label increased by a high single-digit percentage. The group's other brands, which include Descente and Kolon Sport, recorded growth of 60 to 65 percent compared to the same period last year. Growth pace slows in second quarter In the second quarter, however, momentum weakened in all segments. In the period from April to June, Anta Sports' retail revenues only exceeded the level of the prior-year quarter by a low single-digit percentage. For the Fila brand, the increase was in the mid-single-digit percentage range. The other labels together grew by 50 to 55 percent. The group emphasised that the information presented only relates to revenues generated in stores owned by the group or managed by sales and franchise partners, as well as in the corresponding online business. It therefore did not reflect the development of total group revenue. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
South China Morning Post
13-03-2025
- Business
- South China Morning Post
Hong Kong stocks drop for fifth day as trade-war fears mount
Hong Kong stocks fell for the fifth straight day on Thursday, marking the longest losing streak in two months, as investors worried about the global economy amid escalating trade-war risks. Advertisement The Hang Seng Index declined 0.3 per cent to 23,520.73 as of 9.45am local time, adding to a loss of 3.2 per cent since March 6. The Tech Index retreated 0.8 per cent. On the mainland, the CSI 300 Index edged up 0.1 per cent, while the Shanghai Composite Index lost 0.1 per cent. Sportswear brand Anta Sports slumped 1.5 per cent to HK$96.65. Insurance firm AIA fell 1.2 per cent to HK$63.05, and peer Ping An tumbled 0.4 per cent to HK$46.90. Alibaba Group Holding slipped 0.7 per cent to HK$133.80, and internet and video-gaming firm NetEase lost 0.2 per cent to HK$162.70. Gains in Chinese car makers tempered losses, as Li Auto jumped 2.9 per cent to HK$115.50, peer BYD added 1.2 per cent to HK$359.20 and Geely Auto increased 0.6 per cent to HK$17.62. PC producer Lenovo Group advanced 0.7 per cent to HK$11.72. US President Donald Trump said the US would respond to the European Union's countermeasures against his new 25 per cent tariffs on steel and aluminium, escalating fears of recession risk globally. Advertisement Major Asia-Pacific markets were mixed. Both Japan's Nikkei 225 and South Korea's Kospi added 0.8 per cent, while Australia's S&P/ASX 200 lost 0.1 per cent.
