RBC: Sports brands are more easily affected by rising oil prices, putting pressure on profits

```htmlGolden Ten Data reported on May 1 that analysts at RBC Capital Markets wrote in a report that, compared with other apparel and fashion industries, sports goods companies appear more vulnerable to the impact of high oil prices. Sports apparel has a relatively high dependence on oil in its raw material costs, higher freight costs, and lower profit margins than luxury fashion brands. The bank stated that this could have a "very negative" effect on the financial performance of sports goods groups such as Nike, Adidas, and Puma.```