Over the past 12 months, the Swiss Franc has appreciated by 7.9% against the US Dollar, and the Swiss Franc to Euro exchange rate is also approaching historic highs. The strength of the Swiss Franc is poised to weaken On’s sales in the United States, Europe, and other regions later this year.
CEO Bjørn Gulden stated that Adidas is expecting to achieve profitability in the years 2025 and 2026.
The Greater China region recorded a remarkable 24% year-on-year growth, which, when calculated at a fixed exchange rate, increased by 31%. This growth played a pivotal role in leading the Asia-Pacific region to achieve a further 13% overall increase.
This acquisition will drive Kit and Ace towards a future marked by strengthening strategic plans, expanding market share, increasing brand activities, enhancing product supply, and augmenting resource investment.
Since the beginning of this year, the company’s stock has experienced a significant increase of nearly 33%. As a result, the current market value stands at approximately ¥684.1 billion.
The North Face brand achieved outstanding performance in the Greater China region during the fourth quarter, with sales increasing by nearly 40%.
Wealthy consumers are still flocking to buy Lululemon’s tops, yoga pants, and shorts, boosting both online and brick-and-mortar store traffic.