JD JD Sports Fashion Plc

Here's a rundown of new AI-related updates in the fashion world.

Investing.com -- In a note on Thursday, Needham reiterated its Hold rating on Nike (NYSE: NKE) and cut its earnings estimates ahead of the company's fiscal first-quarter results on Oct. 1 after the close, warning that the stock could keep falling.

Shares for JD Sports Fashion slipped over 5 percent on Wednesday.

JD Sports reported falling sales and profits for its fiscal first half today, sending its stock slumping. It’s far from alone. Many players in the sports arena have hit a rough patch, including Adidas and Nike, whose stock prices have fallen by about 15% and more than 44%, respectively, this year.

📣 “Running clubs are becoming the new nightclubs and a key part of the consumers’ social life.” —JD Sports CEO Régis Schultz. In an interview, he said younger people are prioritizing wellness, boosting demand for products like running shoes rather than fashion sneakers.

Chief executive Regis Schultz hailed a ‘resilient performance against a challenging backdrop of consumer cost-of-living pressures’.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) delivered a modest first-half profit beat as stronger-than-expected gross margins offset weaker profitability in North America, according to Deutsche Bank, which reiterated its 'hold' rating and 95p price target. Adjusted profit before tax came in at...

The retailer reported lower profit as it continues to deal with a difficult market backdrop, though result came ahead of analysts’ views according to a poll provided by the company.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) has kept its full-year profit forecast intact, even after a rough six months in which earnings slid by a fifth. The FTSE 100 trainers-and-tracksuits giant still expects profit before tax and adjusting items of £700 million to £800 million for the...

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) is off to Mexico, and Citi reckons the retailer has picked a promising spot to pitch up. The FTSE 100 trainers-and-tracksuits group revealed yesterday it had signed a franchise deal with local heavyweight Grupo Axo, which will open and run JD stores...

Under the agreement, Axo will manage JD stores and e-commerce operations in Mexico using JD's brand and intellectual property.

Under the terms of the franchise partnership agreement, Axo will operate JD stores and e-commerce in Mexico.

JD Sports Fashion PLC (LSE:JD., OTC:JDSPY) is making its first move into Mexico, striking a franchise deal to plant its athleisure brand in one of Latin America's biggest consumer markets. The FTSE 100 sportswear retailer has partnered with Grupo Axo, described as Mexico's leading multi-brand...

The retailer has agreed a partnership with Grupo Axo, which helps brands grow in Mexico, Chile, Peru and Uruguay.

What’s more, Mike Grimes has been appointed chief marketing officer for JD Group.