纺织服装 行业周报（20260222-20260228） 同步大市-A(维持) Amer Sports 公布 FY2025 财报，预计 FY2026 营收同比增长 16%-18% 2026 年 3 月 3 日 行业研究/行业周报 纺织服装行业近一年市场表现 来源：常闻，山西证券研究所 相关报告： 【山证纺织服装】安德玛预计 FY2026 营收同降 4%，2025 年国内黄金消费量 同 降 3.6%- 【 山 证 纺 服 】 行 业 周 报 2026.2.9 【 山 证 纺 织 服 装 】 周 大 福 公 布 FY2026Q3 经营数据，同店销售增长显 著 提 速 - 【 山 证 纺 服 】 行 业 周 报 2026.1.26 分析师： 王冯 执业登记编码：S0760522030003 邮箱：wangfeng@sxzq.com 孙萌 执业登记编码：S0760523050001 邮箱：sunmeng@sxzq.com 本周观察：Amer Sports 公布 FY2025 财报，预计 FY2026 营收同比增长 16%-18% 2 月 24 日，Amer Sports 公布 2025 年年报。2025 年，公司实现 ...

来源：常闻，山西证券研究所 2026 年 3 月 3 日 行业研究/行业周报 纺织服装行业近一年市场表现 纺织服装 行业周报（20260222-20260228） 同步大市-A(维持) Amer Sports 公布 FY2025 财报，预计 FY2026 营收同比增长 16%-18% 相关报告： 【山证纺织服装】安德玛预计 FY2026 营收同降 4%，2025 年国内黄金消费量 同 降 3.6%- 【 山 证 纺 服 】 行 业 周 报 2026.2.9 分析师： 王冯 执业登记编码：S0760522030003 邮箱：wangfeng@sxzq.com 孙萌 执业登记编码：S0760523050001 邮箱：sunmeng@sxzq.com 本周观察：Amer Sports 公布 FY2025 财报，预计 FY2026 营收同比增长 16%-18% 2 月 24 日，Amer Sports 公布 2025 年年报。2025 年，公司实现营收 65.66 亿美元，同 比增长 26.7%；实现归母净利润 4.27 亿美元，同比增长 488.7%。 分区域看，美洲市场、EMEA、大中华区、亚太区域分别实现营收 ...

转自：扬子晚报 这个马年新春，南京市玄武区以特色首发经济为核心，花式解锁新春新玩法，让传统年味有新、有潮、 有温度，承包你的新春所有惊喜。从M.A.C全球首家艺术旗舰店璀璨启幕，到Louis Vuitton全球首家独 立香水美妆精品店惊艳亮相；从《山海经》神兽的AR互动解锁趣味新春，到《金陵图》市井百态在街 巷中焕新呈现；从先锋潮流品牌的首店引领城市风尚，到南京本土农产品首登德基高端商超舞台……玄 武区以"人无我新、人有我精"的首发矩阵，打破传统年味边界，让这个马年春节，既有热闹烟火气，更 有深层文化味与潮流体验感。 首店聚能，解锁新春时尚新姿态 "逛首店、买新品"已成为玄武新春消费的新潮流。2025年，德基广场全年销售额达262.4亿元，蝉联全 国第一。这一成绩的背后，首发经济功不可没。 三只小山羊江苏首店堪称"人气担当"。这个深耕羊绒领域20年的中国高端品牌，落子德基广场，既是对 玄武消费能级的认可，也标志着本土精品向高阶市场的进阶。 "早就关注这个品牌，大年初一特意来逛，羊绒手感细腻又轻盈，送家人再合适不过。"正在挑选的市民 王女士笑着说道。对她而言，这不仅是一次购物，更是一份承载心意与品位的新春礼物。 ...

Group 1 - Zhang Shuihua has officially signed with the sports brand Xtep as a brand athlete, marking her second brand endorsement after leaving the hospital [1] - On January 2, Zhang Shuihua, known as the "fastest female nurse," announced her resignation from the hospital [2] - On February 10, the domestic sports eyewear brand hyperrun also announced Zhang Shuihua as a signed elite athlete [2]

作品 20 ▼ 并创 2月15日，张水华在社交媒体官宣商业合作，成为特步签约运动员。这是她继2月10日，35岁生日当天签约运动眼镜品牌锐跑后，短短数日内再获运动品牌 青睐。 1573 USD WIN ATEP 64 14 起给新年加马 和特步 E ED t 17 p < 张水华 抖音号:95356 103.0万 获赞 562关注 16.9万 粉丝 特步签约运动员 hyperrun 锐跑运动眼镜签约精英运动员 达标马拉松国际健将等级 全马 PB2:30:37 IP: 福建 女·35岁 商品橱窗 公开群 直播预告 P 3件好物 5个群聊 预约 2月15 ... 十关注 一个月前的重庆马拉松是张水华辞职后的首场比赛，她穿的就是特步的跑鞋和装备，最终以2小时30分48秒的成绩斩获国内女子组第四、国际第六的佳 绩。 就在5天前，2月10日，国内知名运动眼镜品牌锐跑宣布签约张水华，这是自张水华从医院离职后的首个品牌签约。锐跑官方称，欣赏张水华在长跑中展现 的专注与坚韧，更认可她用行动诠释的"全力以赴"的跑者精神。 目前，张水华在抖音已有16.9万粉丝。 2月11日，锐跑相关工作人员告诉极目新闻记者，品牌方欣赏张水华脚踏实 ...

Group 1 - Zhang Shuihua signed a contract with a major sports brand, becoming their signed runner shortly after signing with a sports eyewear brand on her 35th birthday [1] - The signing with the sports eyewear brand on February 10 marked Zhang's first commercial collaboration since transitioning to a full-time runner, generating significant interest in the running community [1] - The rapid succession of endorsements highlights Zhang's growing prominence in the sports industry [1]

Group 1 - Adidas announced a stock buyback program set to start on February 2, 2026, with an initial buyback amount of up to 500 million euros [1]

Group 1 - Major companies in the U.S. have announced large-scale layoffs, totaling over 52,000 job cuts [1] - Companies are increasingly discussing layoffs as a strategy to reduce labor costs, particularly through the use of artificial intelligence [1][6] - The layoffs are concentrated among a few large firms, raising concerns among Federal Reserve policymakers and economists about the weakening job market [1] Group 2 - In December, the U.S. added only 50,000 jobs, with the median duration of unemployment rising to 11.4 weeks, the longest since 2021 [2][4] - Companies like Amazon, UPS, Dow Chemical, Nike, and Home Depot have disclosed layoff plans aimed at streamlining operations and increasing efficiency [3] - UPS plans to cut up to 30,000 jobs, while Amazon announced a second round of layoffs affecting 16,000 employees, citing the need to eliminate bureaucracy [3] Group 3 - The labor market, which expanded rapidly after the pandemic, has stagnated due to uncertainties related to trade and artificial intelligence, leading employers to hesitate in hiring or laying off staff [4][5] - Although overall layoff data may not seem alarming, the experience of unemployment is becoming increasingly challenging for workers in a slowing hiring environment [5] - Recent announcements of layoffs indicate that companies are shifting towards proactive cost-cutting measures amid increasing pressure to invest in AI [6]

Core Insights - Adidas has become the official strategic partner of the 2026 Jiangsu Province City Football League, marking a significant step in its commitment to local football development in China [1][2] - The partnership aims to enhance the quality of the league and promote football culture, aligning with Adidas's philosophy of "In China, for China, and loving China" [1][4] Group 1: Partnership and Strategy - The collaboration with the league represents Adidas's "global brand, local thinking" strategy, providing financial support and custom-designed apparel for the 13 participating teams [2][3] - The league has rapidly gained popularity since its inception in 2025, with over 2.43 million attendees and an average attendance of 28,000 per match, setting records for provincial leagues [2] Group 2: Local Innovation and Cultural Integration - Adidas's Shanghai Creative Center is responsible for designing the exclusive jerseys for the teams, emphasizing regional cultural elements [3] - Over 60% of Adidas products sold in China are designed locally, with 95% manufactured in China, showcasing the brand's commitment to local innovation [3] Group 3: Long-term Commitment to Chinese Football - Adidas has a long-standing relationship with Chinese football, dating back to the 1996 Atlanta Olympics, and has been involved in various grassroots and youth football initiatives [4] - The company aims to continue its support for football development in China, contributing to a comprehensive system that includes grassroots participation, youth training, and technological empowerment [4]

Group 1: Skiing Industry - The demand for skiing equipment and facilities has significantly increased due to the popularization of skiing as a sport [1][5] - In Beijing's outdoor ski resorts, there is a mix of beginners renting equipment and advanced skiers investing in personal gear, with prices ranging from several thousand to over ten thousand yuan [3] - Domestic ski equipment is gaining market share as more people participate in skiing, moving away from reliance on imported products [5] Group 2: Tennis Industry - The tennis scene in Beijing is thriving, with participants of all ages enjoying the sport, highlighting its broad appeal [7] - Indoor tennis courts are becoming essential due to weather constraints on outdoor facilities, leading to a significant price difference, with indoor courts costing two to four times more than outdoor ones [7] - Participation in tennis is projected to grow, with approximately 25.36 million people expected to engage in the sport by 2025, marking a 6.5% year-on-year increase [10]