News and insights about brands in the sporting goods industry – Page 159
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News briefs
Nike to lay off 500 at its headquarters
Nike will be laying off 500 or more employees – some executives included – from its headquarters. Among them will be executives and the 192 employees of several company-run nurseries. To this end the company has filed a Worker Adjustment and Retraining Notification Act notice with the state of Oregon. ...
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News briefs
Rorsted to head Adidas for another five years
The supervisory board of Adidas has extended Kasper Rorsted’s term as chief executive officer by five years – through July 31, 2026. Rorsted joined the company’s executive board in August 2016 and became CEO two months later. Meanwhile, Thomas Rabe will be moving up from deputy chairman to chairman of ...
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ArticleAlpargatas thrives abroad in a challenging context
Despite the economic impact of the coronavirus pandemic, Alpargatas, the parent company of Havaianas and Osklen, managed to grow its revenues outside the domestic Brazilian market in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage ...
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News briefs
Nike has a new diversity director
Kellie Leonard, Nike’s director of diversity and inclusion since the creation of this position in 2018, is stepping down, leaving the company. She will be replaced by Felicia Mayo, who assumes the newly coined title of chief talent, diversity and culture officer, leading a newly formed team. Mayo joined Nike ...
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ArticleUnder Armour posts heavy losses
Under Armour unveiled poor results for the second quarter, recording a net loss of $182.8 million, compared with a net loss of $17.3 million for last year’s corresponding period, as sales tumbled by 41 percent due to store closures related to the pandemic. About 80 percent of points-of-sale worldwide were ...
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News briefs
Anta launches Olympic collection
Anta Sports has launched a collection of licensed sportswear for the Beijing 2022 Winter Olympics and Paralympics. The collection was presented in Shanghai on July 27. The Chinese sportswear firm was appointed the official sports apparel partner of Beijing 2022 in 2017, and also has an agreement with the International ...
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News briefs
Nike releases “You Can’t Stop Us” spot
Nike has just released “You Can’t Stop Us,” the third film in the brand’s campaign of the same name. The spot celebrates sport as a source of inspiration despite closed gyms and empty stadiums. Narrated by American soccer star Megan Rapinoe, the film features a group of everyday and elite ...
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News briefs
Asics develops face mask for runners
At its Institute of Sport Science (ISS) in Kobe, Japan, Asics has developed a face mask to enable runners to run hard and still breathe well. The Asics Runners Face Cover keeps the air flowing with vents, a curved structure, and a fabric that dries quickly and can withstand washing. ...
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News briefs
Nike pledges tens of millions for social justice
On behalf of its Nike, Jordan and Converse brands, Nike has pledged to invest $40 million over the next four years in organizations working in social justice, education and economic empowerment. The company announced on June 5, for starters, that it would be conferring three grants of $1 million to ...
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ArticleVF expects some improvement in the second quarter
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
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ArticleHoka One One’s momentum saves Deckers Brands’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...
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News briefs
WFSGI proposes task force for digitalization of product labels
In a letter to its members, the World Federation of the Sporting Goods Industry (WFSGI) has announced the creation of a “Digitization of Product Information” task force, co-chaired by Decathlon and VF Corporation and aiming to promote digital labelling and best practices within the sporting goods industry. On the basis ...
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News briefs
Macron announces new kit sponsorship deals in football and women’s volley
Macron, the Italian sportswear company based in Bologna, has announced new technical sponsorship deals with Wisla Kraków, Calcio Padova and Volley Bergamo. All three deals start from the 2020/21 season. Wisła Kraków is a Polish football club based in Kraków. The team plays in the top level of the Polish ...
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ArticleGarmin thrives thanks to home fitness and cycling boom
Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...
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News briefs
Canada Goose sends a signal with the strategic hire of a GM Footwear
Canada Goose appointed Adam Meek to the new role of general manager of footwear & accessories. Meek brings more than 20 years of global footwear experience to this role. Most recently, he served as senior vice president of product at Sperry (Wolverine Worldwide), where he led the brand’s global product ...
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News briefsGoPro launches lifestyle accessories and clothing
GoPro has launched a new line of lifestyle gear that is available worldwide exclusively on GoPro.com. The all-new range includes functional bags, backpacks and cases, clothing and other products such as floating sunglasses and water bottles. First up in the lifestyle line-up is a series of bags that range from ...
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ArticleSigns of recovery for Puma after a difficult quarter
Puma’s revenues for the second quarter declined by 32.3 percent in euros to €831 million, or by 30.7 percent in local currencies, leading to a net loss of €95.6 million, compared with net income of €49.7 million for the year-ago quarter. Sales declined in all regions and all product divisions. ...
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News briefs
Nike drops plans for “Air” plant in Arizona
It turns out that Nike will not be opening its third Air Manufacturing Innovation plant – after those in Oregon and Missouri – in the city of Goodyear, Arizona. The company announced an investment of $184 million in the plant and the promise of more than 500 full-time jobs on ...
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News briefs
Nike has a new head of talent, diversity and culture
Nike has promoted Felicia Mayo from vice president of human resources to chief talent, diversity & culture officer, to replace Kellie Leonard. In the past year, as we have reported, there have been a number of complaints against Nike over lack of diversity and unequal pay in management – a ...
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News briefsNike to open its third House of Innovation flagship
On July 30, Nike is opening House of Innovation 002 – actually its third such flagship in the world, after those in New York and Shanghai – on the Champs-Élysées in Paris. Four floors high and 2,400 square meters in area, it is set to become Nike’s “largest, most digitally ...
