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Encouraging launch for the first UYN footwear line

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Decathlon targets a 7.5% margin on 10-15% lower sales in 2020

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Lessons Learnt from the Current Corona Crisis on the Legal Risk Management of Supply Chain Issues

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More than 6,000 visitors at Oberalp's virtual convention

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Tecnica Group performs better than expected

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Foot Locker will convert about 35 Runners Point stores

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Asics is back in the red

  • Encouraging launch for the first UYN footwear line

  • Decathlon targets a 7.5% margin on 10-15% lower sales in 2020

  • Lessons Learnt from the Current Corona Crisis on the Legal Risk Management of Supply Chain Issues

  • More than 6,000 visitors at Oberalp's virtual convention

  • Tecnica Group performs better than expected

  • Foot Locker will convert about 35 Runners Point stores

  • Asics is back in the red

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No Pitti Uomo fair in September

In what its president, Claudio Marenzi, calls a “painful but inevitable” decision, Pitti Immagine is postponing all its physical trade shows in Florence from September of this year to January 2021. This goes also for Pitti Uomo, the big international menswear show, which is also used by some sports brands ...

Wolverine performs better than expected

Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...

Germany’s VAT cut may hit retailers across the border

Germany decided on June 3 to reduce the VAT rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants from 19 ...

Cambodia asks the EU for most-favored-nation treatment

Cambodia’s shoe and apparel manufacturers have again urged the European Union to postpone the planned withdrawal of its duty-free treatment, scheduled to take effect from Aug. 12, noting that more than 130,000 workers in the sector, mostly women, have already lost their jobs because of the coronavirus pandemic. On the ...

Canada Goose was resilient against Covid-19

Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had been ...

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Latest Corporate & M&A

Encouraging launch for the first UYN footwear line

2020-06-04T10:21:00+01:00

Trerè Innovation, the Italian knitter of functional products, is confident that its new UYN brand of garments, shoes and accessories will reach by 2021 or 2022 the same level of sales that it registered with its X-Bionic garments and its X-Socks until its European manufacturing and distribution license with the ...

Karstadt Sports and SportScheck to get closer or divorce

2020-06-04T09:10:00+01:00

Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching ...

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Financial results

China grows again for Adidas

2020-06-04T16:51:00+01:00

Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total turnover ...

Canada Goose was resilient against Covid-19

2020-06-04T07:46:00+01:00

Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had been ...

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Latest events

FIBO

FIBO (Fitness fair)

Date: 1-4 Oct 2020
Venue: Cologne, Germany
Number of exhibitors: 1.345

Wolrd Retails Congress

World Retail Congress

Date: 28-30 October 2020 
Venue: Rome, Italy

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Latest Executive Changes

New Swiss country manager for Fischer

2020-06-05T15:32:00+01:00

Fischer Sports has appointed Silvan Häfliger as its new country manager for Switzerland, starting on July 15. He will take the place of Walter Dietiker, who is leaving the company for reasons of health. Häfliger previously spent 15 years in the winter sporting goods sector, working for Stöckli Swiss Sports ...

Melody Harris-Jensbach will leave Jack Wolfskin

2020-06-03T18:02:00+01:00

Melody Harris-Jensbach, the seasoned executive who has been running Jack Wolfskin for the past six years, will soon be leaving the German outdoor brand. According to a press release, Callaway Golf Company, which took over Jack Wolfskin at the beginning of 2019 for around €418 million, and Harris-Jensbach had already ...

Lacoste appoints CEOs for North and Latin America

2020-06-01T20:03:00+01:00

Lacoste has appointed Robert Aldrich as chief executive for North America and Pedro Zannoni as chief of the Latin America region. Aldrich previously served as chief executive for the Americas at Ermenegildo Zegna, the big Italian brand of high-end menswear. Zannoni has joined from Asics, where he was president of ...

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