Lates News

Royal Bank of Canada capital market analysts wrote in a report that compared to other clothing and fashion industries, sports equipment companies seem more likely to be impacted by high oil prices. The analysts stated that the cost of raw materials for sportswear is relatively higher in dependence on oil, with higher shipping costs and lower profit margins compared to luxury fashion brands. The bank stated that this could have a "very negative" impact on the financial performance of sports equipment groups such as Nike, Adidas, and Puma.