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Nike reports surprise rise in quarterly revenue

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Nike reports surprise rise in quarterly revenue


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Reuters

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September 30, 2025

Nike on Tuesday reported a surprise rise in first-quarter revenue and beat expectations for quarterly profit as the sportswear giant rebuilds its presence at wholesalers and invests in fresher products to keep consumers interested.

Nike

The company’s first-quarter revenue rose 1% on a reported basis to $11.72 billion. Analysts had expected a fall of 5.1% to $11 billion, according to data compiled by LSEG.

Nike, for years synonymous with sports culture, is trying to rediscover its identity after a string of weak quarters.

It has lost market share to younger rivals such as On and Deckers’ Hoka, which are increasingly seen as more exciting, while demand in major markets – especially China – has been choppy.

CEO Elliott Hill, who took the reins last year, has vowed to refocus the brand around core sports like running, and to producing the kinds of cutting-edge products the company had been known for.

The company also launched its much anticipated women’s athleisure line NikeSkims in partnership with Kim Kardashian‘s brand this month, as it takes on competitors such as Lululemon.

Nike reported first-quarter earnings per share of 49 cents, compared with analysts’ average estimate of 27 cents.

© Thomson Reuters 2025 All rights reserved.



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Industrial production in Turkiye up 2.4% YoY in Nov 2025

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Industrial production in Turkiye up 2.4% YoY in Nov 2025



Industrial production in Turkiye increased by 2.4 per cent year on year (YoY) and 2.5 per cent month on month (MoM) in November last year, according to the Turkish Statistical Institute (TurkStat).

The index for industrial production (IIP) for manufacturing increased by 2.7 per cent YoY and 3.1 per cent MoM in the month.

Industrial production in Turkiye increased by 2.4 per cent YoY and 2.5 per cent month on month (MoM) in November last year, according to the Turkish Statistical Institute.
The index for industrial production (IIP) for manufacturing increased by 2.7 per cent YoY and 3.1 per cent MoM in the month.
The IIP for durable consumer goods fell by 3.2 per cent YoY and increased by 1.6 per cent MoM.

The IIP for durable consumer goods fell by 3.2 per cent YoY and increased by 1.6 per cent MoM, while the same for intermediate goods increased by 4.6 per cent YoY and 2.6 per cent MoM in the month.

Fibre2Fashion News Desk (DS)



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Menswear brand Seagale has ambitious 2026 plans after pivotal year

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Menswear brand Seagale has ambitious 2026 plans after pivotal year


Translated by

Nicola Mira

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January 13, 2026

Eleven years after its launch, French menswear brand Seagale is still going strong. 2025 was a pivotal year for the Toulon-based brand, which worked to consolidate its commercial and operational infrastructure, and generated a revenue of €6 million. Seagale, founded in 2014 by Bertrand Durand-Gasselin and Matthieu Rivory, is hoping to grow this figure to €8 million in 2026.

Seagale was founded in Toulon, France, in 2014 – Seagale

“In 2025, we worked on several not-so-visible but crucial projects: we launched a new, better-performing website, and we deployed new POS systems for our stores, new ERP solutions for our logistics, and new CRM tools to boost customer loyalty, so as to be able to smoothly scale up the business,” said Durand-Gasselin.

Direct retail a strategic mainstay for Seagale

In 2025, Seagale also strengthened in-store customer service, placing more emphasis on the role of its retail staff as product experts, spending more time on advising customers, assisting with fittings, and promoting a free alteration service for trousers. 

In 2025, Seagale generated a revenue of €6 million
In 2025, Seagale generated a revenue of €6 million – Seagale

Seagale, distinctive for its high-performance, minimalist outfits, sells only through the direct retail channel, via its e-shop and four monobrand stores. The first store was opened in Toulon, followed by one in Paris in 2021, and by stores in Nice and Lyon in 2024. The latter two have made successful inroads with their clientèle: the Lyon store is appreciated by urban professionals who like Seagale’s versatile clothes, while the Nice clientèle is attracted by lifestyle and travel items, suited to both tourists and locals.

New stores planned in 2026

Through its own stores, Seagale is able to offer good value for money for items made with “increasingly expensive” high-tech materials, while keeping in close touch with its community. In 2026, the brand is planning to open one or two new stores, “perhaps a second one in Paris, but we’re also looking around Bordeaux and Toulouse,” said Durand-Gasselin.

A second Seagale store is likely to open in Paris in 2026
A second Seagale store is likely to open in Paris in 2026 – Seagale

“We have everything we need to make [2026] a successful year,” said Durand-Gasselin, adding that “what makes us especially proud is that we’re constantly growing while remaining a profitable, 100% self-financed company. This rare freedom allows us to build the brand exactly as we wish.” For the time being, Seagale has about 30 employees, between the headquarters and warehouse in Toulon and the stores’ staff.

Constant investment in textile innovation

Seagale has made a name for itself with clothes suitable for sporting activity, the office, and urban outings, and has always made innovation one of its bywords. The brand has developed fabrics for specific uses, like the 140g Performance Merino jersey, a blend of merino wool and Cordura, and the Active Stretch fabric, used to make wrinkle-free, elasticated shirts.

Seagale is widely relying on textile innovation
Seagale is widely relying on textile innovation – Seagale

Seagale is also expanding its collaborative efforts to develop exclusive fabrics, for example high-performance merino wool-nylon blends, Cordura, high-tech yarns, and specific knitwear, sourcing these fabrics chiefly in France, Spain and Italy. The garments are produced in Lithuania and Tunisia.

Seagale’s innovation drive extends beyond textiles. Since the end of 2024, the brand has started utilising AI solutions, notably in advertising.

“We’re using AI as a tool, not as an end in itself. We have two goals: increasing our agility, and finding ways to better illustrate technical concepts that are sometimes hard to showcase with classic [communication] formats,” said Durand-Gasselin. He indicated that Seagale is now relying on a combination of real pictures and AI-generated images.

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Louis Vuitton marks 10 years of Unicef partnership with limited-edition Silver Lockit

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Louis Vuitton marks 10 years of Unicef partnership with limited-edition Silver Lockit


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January 13, 2026

Louis Vuitton is marking the tenth anniversary of its partnership with Unicef with the launch of a limited gold edition of the Silver Lockit pendant. 

Louis Vuitton marks 10 years of Unicef partnership with limited-edition Silver Lockit. – Louis Vuitton

Produced in a highly limited series, the exclusive unisex design is crafted, for the first time, in yellow gold. For each gold pendant sold, Louis Vuitton will donate $800 to Unicef, strengthening the impact of its collaboration in support of children.

The anniversary celebrations will continue throughout 2026, with additional pieces from the Silver Lockit collection set to launch in April, alongside further activations linked to the partnership.

The French luxury house first introduced the Silver Lockit collection, inspired by the padlock of the 1901 Louis Vuitton Steamer bag, as part of its partnership with Unicef, solidified on January 12, 2016.  The design reflects shared values of trust, protection and transmission that underpin both Louis Vuitton’s heritage and Unicef’s mission.

Since its debut, the Silver Lockit collection has been reinterpreted annually as a fundraising and awareness initiative. Over the past decade, the partnership has generated more than $28 million for Unicef, contributing to programmes that support children in vulnerable situations worldwide.

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