Along with runners, sneaker brands On, Salomon and Asics have become more popular, proving that running shoes have entered mainstream sneaker culture.
Just now! When the giant in the footwear industry announced layoffs, this shoe brand skyrocketed 153 times
Press reports: Announcement of dismissal
This morning (August 24), giant footwear group Bao Thanh issued a statement explaining the layoffs reported by the media.
Report content: Bao Thanh Vietnam Factory fires 1,200 more people
Why it happened: Due to the uncertain macroeconomic outlook and considering the overall business development, the company continues to adopt a diversified allocation strategy and flexibly adjust production capacity planning in many different areas.
(1) PouYuen Shoe Factory, a subsidiary of the company, headquartered in Ho Chi Minh City, Vietnam, plans to lay off 1,200 employees, compared to the company's total number of employees. This is not affected too much.
(2) Personnel operating procedures of company employees will be handled in accordance with the law and comply with local government regulations.
(3) The Company will respond cautiously to changes in the business environment, and will also focus on cost control and cash flow management, and is committed to continuing to develop its operations. Stable business operations.
The transaction volume of this shoe brand skyrocketed 153 times.
Recently, StockX, an American sports shoe trading platform, published the latest trend report "Big Facts" for sports brands in 2023. The report compares global trade data from January 1 to July 2023 with the same period in 2022.
In the Big Facts report, in the first 7 months of this year, transaction volume of On running shoes increased by 15357%, transaction volume of Salomon shoes increased by 202%, Asics increased by 72%. Along with runners, On, Salomon and Asics brands have become more popular, proving that running shoes have entered mainstream sneaker culture.
In the list of sports shoes, running shoes is one of the categories with the fastest growing trading volume on the StockX platform.
From January to July, the top five brands with the fastest growing StockX sneaker trading volume were: On Running Shoes, MSCHF, Salomon Salomon, ASICS, Off-White, of which On Running Shoes, Salomon and Asics are both sports brands, and On running shoe trading volume has increased 153 times in 7 months.
Foot Locker cuts full-year forecast
Adidas, Nike and Puma stock prices fell
Foot Locker, a multi-brand shoe retailer in the United States, recently reported its second-quarter results. For the three months ended July 29, the company's revenue fell 9,000 percent. 9% over the same period decreased to 1.86 billion USD, accompanied by a net loss of 5 million USD, while in the same period last year this retailer achieved a profit of 94 million USD.
Due to the downturn in the retail business, the group has lowered its full-year forecast, expecting annual revenue to decline from 8% to 9%.
After the financial report was released, Foot Locker's stock price fell 32.5% to 15.7 USD, with a market value of about 1.5 billion USD. Nike, Adidas and Puma stock prices also decreased by 3.3%, 4.5% and 4.4% respectively, of which Nike stock prices fell for 10 consecutive days, setting a record for the highest consecutive decrease in history. .
Cambodia's New Minister of Labor Checks out the shoe production process and has dinner with factory workers
New Minister of Labor and Vocational Training Heng Sour inspected footwear production on August 23 and had an unannounced lunch with workers at the Mengda shoe factory on Insein Street.
Heng Sour wrote on his official Facebook page: "The first day, I visited the shoe manufacturing operation and had lunch with the workers at the Mengda shoe factory on Insein Street." tell you to come down! “.
Currently, the factory has more than 3,000 workers, including 160 pregnant workers and 43 disabled people. Workers here met former Prime Minister Hun Sen in 2018 and met Dr. Hun Sen.
The minister said: "Everyone I meet remembers Prime Minister Hun Sen and will always remember his intimate, warm photos when visiting workers in the past." The workers also hope to meet Prime Minister Hong Manai soon. ”
The minister praised the factory for the quality taste of meals and food hygiene and safety. The Secretary directs Department leaders and officials, including managers of each factory, to regularly visit and dine with workers, sample food and sanitary conditions, and seek ways to improve and is a model business model that needs to be replicated elsewhere.