Sportswear Brands Face Difficult Market Conditions
Dow Jones17:34
0933 GMT - Sporting-goods companies are dealing with a challenging market environment, marked by weak trends in Europe and soft footwear demand, UBS analysts say. "The majority of sportswear brands reporting their earnings have disappointed, often missing consensus top line expectations," Robert Krankowski and Zuzanna Pusz write in a note. The underlying messages were broadly consistent, highlighting a continued softening of demand in Europe, stronger performance in apparel compared to footwear, and more aggressive promotional efforts, the analysts say.
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