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  • Xtep_company_logo
    Article

    Xtep Intl. annual profit hits all-time high

    2024-03-19T10:25:00Z

    The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...

  • adidas logo mountain
    Article

    Adidas Golf unveils new material concepts in Ultimate365 apparel range

    2024-03-19T07:49:00Z

    Source: Press image Adidas Golf use new materials in their new apparel Adidas Golf is introducing two new material concepts – Twistknit and Twistwave – aimed at redefining performance on the golf course. These innovations are available in both men’s and women’s Ultimate365 apparel. The ...

  • Sympatex_Logo
    Article

    Sympatex unveils new more sustainable dying solutions

    2024-03-18T07:18:00Z

    Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions. At its apparel booth in Munich, Sympatex will unveil three ...

  • 393_SMP-zumiez-logo
    Article

    Zumiez shifts European strategy, reports FY23 loss on lower sales

    2024-03-17T15:42:00Z

    Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors. “With ...

  • Zalando_logo.svgz
    Article

    Zalando wants to cover 15% of the European fashion market

    2024-03-16T10:18:00Z

    Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...

  • Li-Ning_logo.svgz
    Article

    Li Ning considers privatizing sportswear firm amid market challenges

    2024-03-15T12:18:00Z

    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...

  • Adidas CEO Bjørn Gulden
    Article

    Adidas CEO Bjørn Gulden: “Why ‘no’?”

    2024-03-14T13:21:00Z

    Albeit Adidas presented the first loss in 30 years, CEO Gulden is driven by optimism.

  • Cisalfa Sportscheck
    Article

    Italy’s Cisalfa to take over SportScheck

    2024-03-14T13:20:00Z

    Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024. The German retail chain SportScheck will ...

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    Article

    China’s athleisure market poised to hit $82.8 billion by 2024

    2024-03-14T10:35:00Z

    The fusion of fashion and functionality known as athleisure is reshaping China’s sportswear industry, with projections indicating a substantial growth trajectory, according to Retail in Asia. Driven by a blend of fitness trends, lifestyle changes, and a burgeoning wellness movement, athleisure is becoming a dominant force in the Chinese apparel ...

  • Yue Yuen
    Article

    Yue Yuen’s profit, sales slip in soft FY23

    2024-03-14T06:45:00Z

    Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...

  • Adidas_Logo.svgz
    Article

    Adidas posts first loss in 30 years, eyes €500m operating profit in FY24

    2024-03-14T06:32:00Z

    Adidas CEO Bjørn Gulden presenting the FY 2023 annual results Growing demand for its Classic shoes and double-digit sales growth rates in both Greater China and Latin America are projected to spark the overall results of Adidas this year, leading to double-digit sales growth in H2 and ...

  • Photo by Guillaume Périgois on Unsplash
    Article

    EU parliament advances directive to combat greenwashing – FESI applauds

    2024-03-13T14:47:00Z

    In a bid to shield consumers from deceptive environmental advertising, the European Parliament has advanced its stance on establishing a verification and pre-approval system for environmental marketing claims. Under the proposed green claims directive, companies must substantiate claims such as “biodegradable,” “less polluting,” “water-saving,” or “bio-based content” before promoting their ...

  • PUMA_Logo_Standard-No1
    Article

    Puma achieves greenhouse gas reduction targets ahead of schedule

    2024-03-13T14:47:00Z

    Puma has made significant strides in its sustainability efforts, achieving remarkable reductions in greenhouse gas emissions and surpassing climate targets well ahead of their own schedule. Anne-Laure Descours, Chief Sourcing Officer at Puma, expressed pride in the company’s sustainability journey, particularly in reducing greenhouse gases in 2023. She reaffirmed Puma’s ...

  • on-running-logo8_800x800
    Article

    On eyes greater reliance on DTC, apparel

    2024-03-13T07:25:00Z

    Swiss company On Holding, in forecasting 2024 sales growth of at least 30 percent to 2.25 billion Swiss francs (€2.35bn), has established numerous priorities for its business in the year ahead. Among them: Capitalizing on the brand’s global momentum, building up its apparel business, expanding its own retail worldwide with ...

  • Allbirds
    Article

    More losses at Allbirds

    2024-03-13T06:58:00Z

    The nine-year-old San Francisco-based company Allbirds continues to face growing pains despite progress in shedding excess inventory last year. Now, its co-founder and CEO, Joey Zwillinger, has stepped down as the group moves forward with a strategy to turn around its overall business by 2025. The group suffered a $57.6 ...

  • Allbirds
    Article

    Allbirds has a new CEO

    2024-03-13T04:17:00Z

    Source: Allbirds Joe Vernachio With the release of its fourth quarter and full year 2023 financial results, Allbirds announced the appointment of Chief Operating Officer Joe Vernachio as its new CEO and member of the Board of Directors, effective March 15, 2024. He succeeds Joey Zwillinger, co-founder ...

  • F21_Corporate_DAN-SHERIDAN_6807
    Article

    The Weber era at Brooks is coming to an end

    2024-03-12T19:07:00Z

    Source: Business Wire Dan Sheridan, who currently serves as President and Chief Operating Officer, will become Brooks’ next CEO As Brooks Running announces that Jim Weber will step down as CEO after 23 years, the company also unveils that Dan Sheridan, who currently serves as the company’s ...

  • decathlon-new-brand-id-store-1
    Article

    Decathlon rebrands to 'ignite global passion for sport'

    2024-03-12T18:31:00Z

    Source: Decathlon Decathlon’s new brand ID Decathlon has launched a sweeping brand transformation, unveiling its new identity and mission to ignite the spirit of play worldwide. The multi-specialist sports brand introduced its “Orbit” logo alongside the mantra, “Move People Through the Wonders of Sport,” signaling a fresh ...

  • tecnica-group-sede2020
    Article

    Tecnica Group confirms previous year's record results

    2024-03-12T14:11:00Z

    Tecnica Group sustained its strong performance through a market and product diversification strategy amidst post-pandemic challenges. Despite prevailing uncertainties, the group showcased resilience in 2023, maintaining its growth trajectory initiated in 2020, which saw double-digit expansion in 2021 and 2022. The fiscal year 2023 concluded with sales totaling €540 million ...

  • Adidas_Logo.svgz
    Article

    Adidas and Les Mills launch ‘Move, Earn & Swap Points’ initiative

    2024-03-12T12:05:00Z

    Adidas has unveiled a new initiative, ‘Move, Earn & Swap Points,’ in collaboration with Les Mills, aimed at uniting fitness enthusiasts worldwide. This offering integrates the AdiClub and Les Mills+ communities, providing members with the opportunity to earn rewards while pursuing their fitness goals. Members of Les Mills+ can now ...