The world's second-largest sports brand aims to set a new standard for basketball footwear with the launch of adiZero Crazy Light: the lightest shoe in basketball. At only 278 grams, the new shoes now give Adidas the lightest footwear in three sports, including football and soccer.
Spending by rich Americans on luxury goods is set to grow by $26.6 billion in 2011, with the number of affluent families planning to spend more almost doubling in the past three years, a poll found on Friday.
On April 13th, Christopher Bailey hosted Burberry’s biggest event to date, celebrating Britishness, music and technology in China. Also marking the recent opening of the brand’s flagship store in Beijing, the show is available to watch at Burberry.com.
Gold fell for a second day on Tuesday, under pressure from a steadier dollar after having hit record highs on Monday, while a warning from Japan about the severity of its nuclear crisis fed modest safe-haven demand.
Cheap Chinese exports have decimated Brazil's shoe industry and South Africa's textile sector. India has slapped anti-dumping duties on an array of Chinese goods. Russia is sparring with Beijing over the price of oil it sells to China.