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JD Sports sees boost from fresh styles and Euros after sales dip

UPDATE 2-JD Sports sees boost from fresh styles and Euros after sales dip Like-for-like sales fell in January Says lack of innovation, rivals discounting weighed See stronger growth from the summer Shares rise 10% Adds further CEO comments, shares, analyst reaction By Paul Sandle LONDON, March 28 (Reuters) - JD Sports JD.L said the Euro soccer championships, Paris Olympics and new styles of trainers and track suits would spark life into a lacklustre market after its like-for-like sales dropped i
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Italian eyewear group Marcolin core profit up 26% as PAI seeks buyer

Italian eyewear group Marcolin core profit up 26% as PAI seeks buyer MILAN, March 26 (Reuters) - Italy's Marcolin on Tuesday reported a 26% jump in adjusted core profit for 2023, as its main shareholder works with an adviser on selling the eyewear manufacturer. Marcolin, which holds a permanent licence to produce Tom Ford-branded eyewear, said core profit totalled 78 million euros ($85 million) last year.
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Nike falls to six-month low on first half sales drop forecast

BUZZ-Nike falls to six-month low on first half sales drop forecast Updates ** Shares of world's largest sportswear maker Nike NKE.N fall as much as 9% to $91.72 - lowest since Sept. 28 ** Stock set for biggest intraday percentage loss since March 2020 ** Says revenue in H125 to shrink by a low single-digit percentage as it scales back on franchises
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Nike, Lululemon sink as annual forecasts disappoint

UPDATE 2-Nike, Lululemon sink as annual forecasts disappoint Adds investor comment in paragraphs 3, stock milestones in paragraph 7 By Savyata Mishra March 22 (Reuters) - Nike NKE.N shares tumbled 8% on Friday after the Air Jordan maker warned of lower sales in its first half as it replaces older styles with trendier sneakers, while Lululemon Athletica LULU.O sank 17% as demand waned for its premium athleisure.
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Nike shares skid as switch to newer styles to squeeze revenue

Nike shares skid as switch to newer styles to squeeze revenue By Savyata Mishra March 22 (Reuters) - Nike NKE.N shares fell more than 6% before the bell on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier sneakers in its fight for market share with newer brands. The company plans to trim supplies of classic shoes such as its Air Force 1 and Pegasus, financial chief Matt Friend said on Thursday, to focus on reviving its running
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