Latest Headlines – Page 9
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News briefsFrance seeks to ban exports of used clothes
France would like the EU to ban exports of used clothes, the country’s Ministry for Ecological Transition and Territorial Cohesion has told Reuters. Of particular concern for France is Africa, which, the ministry said, “must no longer be the dustbin of fast-fashion.” France enjoys the support of Sweden and Denmark ...
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ArticleFrance’s proposal against fast fashion
The administration of French President Emmanuel Macron, founder of the Renaissance party, will support a law proposed by an opposition party to penalize fast fashion. The text in question is no. 2268, “aiming to render fast-fashion out of fashion, thanks to a system of incentives and penalties.” Its proponent is ...
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ArticleXtep Intl. annual profit hits all-time high
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 ...
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News briefsAdidas Golf unveils new material concepts in Ultimate365 apparel range
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 ...
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News briefsPuma and Formula 1 unveil their inaugural collaboration collection
Source: Press image Puma and Formula 1 collaborate for their first collection Puma and Formula 1 have joined forces to introduce their first full collaborative collection for Spring/Summer 2024. This comprehensive collaboration marks a significant milestone in motorsport fashion, according to the brands. Inspired by race suit ...
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News briefsRip Curl signs eight-time surfing champion
Source: Photo: Trent Mitchell Stephanie Gilmore has signed a new deal with Rip Curl Rip Curl has made waves in the surfing world with its latest signing of eight-time world surfing champion Stephanie Gilmore. The groundbreaking agreement, valued in the millions, spans eight years, coinciding with Gilmore’s ...
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ArticleSympatex unveils new more sustainable dying solutions
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 ...
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News briefs361 Degrees' profit increases by 29 percent in 2023
Bolstered by nearly 36 percent sales growth for its kids’ business, 361° realized 21 percent annual sales growth last year to 8,423.3 million yuan renminbi (€1.07bn) from RMB6,960.8 million. Annual operating income improved by 29 percent to RMB 1,383.5 million (€176.5m). The FY23 profit attributable to shareholders rose 29 percent ...
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ArticleAsics announces Festival of running weekend
Source: Asics Asics is gearing up to host a one-of-a-kind Festival of Running weekend in Paris from April 5 to 7, 2024, dedicated to showcasing the transformative power of running on the mind and body. The festivities kick off on April 5 with an elite race sanctioned ...
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ArticleZumiez shifts European strategy, reports FY23 loss on lower sales
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 ...
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News briefs360 Padel Group hires CEO
360 Padel Group has hired Sascha Beyer as its CEO, as we have learned from CMDsport and confirmed on the blog of one of the group’s divisions, Padel Nuestro. Beyer served as Tennis-Point’s Managing Director from 2016 to 2023 and its CEO for North America from 2021 to 2023, leading ...
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ArticleZalando wants to cover 15% of the European fashion market
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 ...
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News briefsRevo opens flagship store in Manhattan’s SoHo district
Source: Revo New Revo sunglass store in the heart of Manhattan’s SoHo district Revo, the performance sunglass brand, announced the grand opening of its inaugural brick-and-mortar retail store in Manhattan’s SoHo district. Situated at 436 West Broadway, a bustling shopping hub, the store promises a unique and ...
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ArticleOn opens first store in Germany
As part of its global retail expansion, the Swiss brand On opened its first German community store in Berlin on March 15, where customers will have access to a full range of On products. To date, the brand operates 32 stores worldwide and plans to open 15 to 20 new ...
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News briefsVans' Product Chief departs
Marissa Pardini, Vans’ Chief Product and Merchandising Officer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp. Pardini, who joined Vans in December 2022 after a decade with the company and a stint at sister brand The North ...
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ArticleLi Ning considers privatizing sportswear firm amid market challenges
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 ...
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News briefsSmith with new sales team for German market
After a long-standing and successful sales partnership with three agencies in Germany, eyewear and helmet specialist Smith, part of Safilo Group, is opening the next chapter for the brand in the German market. Therefore, the brand has welcomed Michael Horstmann and Florian Krach to its sales force. A particularly strong ...
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ArticleAdidas CEO Bjørn Gulden: “Why ‘no’?”
Albeit Adidas presented the first loss in 30 years, CEO Gulden is driven by optimism.
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ArticleAdidas has revealed seven kits for Euro 2024, inspired by Tintin, tartan and carnation
Adidas has pulled back the curtain on the latest lineup of technical performance kits for seven prominent football federations ahead of UEFA Euro 2024. Belgium, Germany, Hungary, Italy, Scotland, Spain, and Wales will hit the field sporting reimagined home and away designs. Each jersey is meticulously crafted to instill a ...
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ArticleItaly’s Cisalfa to take over SportScheck
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 ...
