Top sportswear Companies' growth run slows after Covid highs

Demand for sportswear has slowed down for leading brands like Puma, Adidas, Nike, Skechers, and Asics after a sharp rise post Covid-19. Sales growth for sportswear firms has decreased to 1-25% year-on-year for FY24 from 35-85% the previous year. Economic slowdown and regulatory challenges have affected these global players in India.