All Brands articles – Page 71
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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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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 ...
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ArticleDecathlon and Kant expand joint operation in Russia
Decathlon continues to capitalize on partnerships with other retailers. While testing the concept of an internet marketplace in Belgium – the company confirms a report on the subject but details are missing - the giant French retailer is expanding its cooperation with Kant, one of the largest Russian sporting goods ...
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ArticleMarket Analysis: The sports equipment market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports equipment brands including breakdown by region.
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ArticleMoncler aims to double its online business by 2023
While releasing weak results for the first half of the year, marked by heavy losses, Moncler focused on the future and announced the acceleration of its digital transformation. After a fruitful collaboration with Yoox Net-a-Porter, it has decided to directly manage e-commerce, with a view to personalizing the customer experience. ...
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News briefs
Garmin falls victim to cyber attack
Garmin confirmed that the company was the victim of a cyber attack on July 23 in which some of Garmin’s systems were encrypted by outsiders, resulting in a significant failure of the company’s popular fitness tracking services. The German news site Spiegel Online reported indications that the company was attacked ...
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Nike backs Transform to Net Zero initiative
Nike is among the companies and organizations that have launched Transform to Net Zero, a new coalition to help all businesses reduce their carbon emissions in line with a 1.5°C global warming target. Besides Nike, the founding members are A.P. Moller - Maersk, BSR, Danone, Environmental Defense Fund, Mercedes-Benz, Microsoft, ...
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UA makes new diversity pledges
On its website Under Armour has published new objectives in its quest to “advance diversity and inclusion” in its ranks. In addition to filling 30 percent of its executive posts above the grade of director with “Black, Indigenous, and People of Color (BIPOC)” by 2023, as it has already pledged ...
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Mizuno to support Honolulu Marathon
Mizuno will be one of the sponsors for the 2020 Honolulu Marathon, in Hawaii, scheduled for Dec. 13. The Japanese sporting goods and apparel brand will be supplying all finisher, commemorative and volunteer shirts and selling merchandise at the Honolulu Marathon Expo. The Honolulu Marathon is particularly popular with Japanese ...
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News briefs
UA hires senior sales director for EMEA
Under Armour has hired Phil Fox as senior director of sales for Europe, the Middle East and Africa (EMEA). Reporting to the region’s managing director, Massimo Baratto, Fox is now leading wholesale and distribution and refining a digital-first, consumer-centric strategy with UA’s current commercial partners. Fox has about 25 years’ ...
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ArticleSkechers posts loss in Q2, builds on e-commerce momentum
The pandemic significantly impacted Skechers during the second quarter, as it ended the period with a net loss of $68.1 million against a profit of $75.2 million for the same quarter last year. Its revenues tumbled by 42.0 percent to $729.5 million, or by 41.0 percent in constant currencies. These ...
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ArticleMany Chinese sportswear brands issue sales warnings for Q2
As a result of lockdown restrictions implemented in China and elsewhere during the Covid-19 pandemic, several Chinese sportswear brands have released profit warnings for the second quarter of 2020. Xtep warned that retail sell-through dropped by low-single digits in the quarter. It also has higher-than-usual inventories. The group expects that ...
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ArticleNike realigns management for digital DTC, places EMEA under Grebert
Nike will be making several changes to its top management and operating model in keeping with the “Consumer Direct Acceleration” (CDA) policy it announced in June while releasing its latest financial results. The Nike brand’s regional divisions will remain as they stand, but two of them will be swapping out ...
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Adidas to sponsor Leeds United for five years
For five years as of the 2020/21 season, Adidas will be the kit sponsor for Leeds United, which just recently moved up to the U.K.’s Premier League, after its victory in the Sky Bet Championship. Kappa’s five-year sponsorship deal with the club expires this season. Adidas’ playing and training kit ...
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Nike joins consortium pushing for a net-zero economy
Nike has joined eight other corporations outside the sporting goods industry and a U.S. non-profit organization, the Environmental Defense Fund (EDF), in forming a consortium to urge the world toward a net-zero economy by 2050 and help keep the earth’s overall warming to 1.5 degrees Celsius. BSR, a sustainability non-profit ...
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Kanye West delivers ultimatum to Adidas and Gap
The American rapper and businessman Kanye West apparently intends to “walk away” from his deals with Adidas and Gap unless he is appointed to their respective boards. He said so in North Charleston, South Carolina, at a rally for his U.S. presidential campaign, which began with a tweet on America’s ...
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Adidas France has a new managing director
Mathieu Sidokpohou has taken over from Guillaume de Monplanet as the new managing director of Adidas France, the French subsidiary of the sporting goods giant. De Monplanet, who joined the Adidas group in 2005 as commercial director for Reebok, has left the company. He became country manager in 2018. Sidokpohou’s ...
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News briefs
Nike Training Club app to remain free
Nike will be keeping its Nike Training Club (NTC) app free of charge, and the brand has initiated a digital marketing campaign to spread the news. The company eliminated NTC’s premium fee temporarily in April, during the Covid-19 quarantines. NTC was designed as a subscription service delivering workouts, training programs ...
