Latest News – Page 5

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    Article

    Adidas announces 96% of polyester used is now recycled

    2023-04-21T14:49:00Z

    One day before Earth Day 2023, Adidas published a press release announcing a new “Personal Best” milestone in the brand’s journey towards replacing virgin polyester: 96 percent of all polyester used in Adidas products is now recycled polyester. The company said that the achievement of the ambition that Adidas first ...

  • Earth Day 2023
    Article

    What are brands doing for Earth Day 2023?

    2023-04-21T05:29:00Z

    For Earth Day 2023, businesses are being pitched as central to environmental efforts. We take a look at what our industry brands are doing.

  • Fashion for Good
    Article

    Fashion for Good introduces sustainable Dyestuff Library

    2023-04-06T09:59:00Z

    Fashion for Good (FFG), a platform for sustainable fashion innovation, has unveiled the Dyestuff Library, a digital tool that enables partners to select sustainable dyes for commercial use based on performance and environmental criteria. The library, which will accelerate the shift from harmful chemistry to more sustainable options by providing ...

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    Article

    VF reshuffles management of Dickies, Altra, Smartwool and Icebreaker

    2023-04-06T06:38:00Z

    Denver-based VF Corporation has announced executive changes at four of its emerging brands – Dickies, Altra, Smartwool and Icebreaker – effective immediately. Dalhausser: From Altra to Dickies Todd Dalhausser has been named global brand president of Dickies. He will report to VF’s interim president & CEO Benno Dorer and will ...

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    Article

    Under Armour appoints Curry Brand president

    2023-04-03T15:08:00Z

    Announcing a new long-term contract extension with the four-time NBA champion, Under Armour has ended months of rumors by naming Stephen Curry president of the Curry Brand, while also planning expansions in new and existing categories. Terms of the contract extension were not disclosed, but insiders said the deal could ...

  • Anta_Logo
    Article

    Anta Sports Products publishes ESG report 2022

    2023-03-31T06:00:00Z

    Anta Sports Products Limited, owner of companies Fila, Descente and the Amer Sports group, including Atomic, Arc’teryx, Salomon and others, besides its own Anta brand, has published the 2022 ESG report for Anta that touches a broad range of operational and financial topics on 132 pages. The ...

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    Article

    Nike publishes FY 2022 Impact Report

    2023-03-29T07:21:00Z

    Nike has released its annual impact report, which provides an overview of the brand’s progress in achieving its goals across the three pillars of people, planet and play. In the report, there is a particular focus set on diversity and inclusion. The company has exceeded its goal for women in ...

  • Nike-mobile
    Article

    Nike’s gross margin takes hit on further inventory liquidations

    2023-03-22T07:15:00Z

    Nike senior executives, citing persistent efforts to reduce excess inventory and a prior decision to sharply reduce buys for the spring and summer 2023 seasons, insist the company is positioned to begin its next financial year on June 1 in a healthy merchandise position. “We’re increasingly confident that we’re going ...

  • Anta_Logo
    Article

    Anta’s FY profit is flat despite revenue expansion

    2023-03-21T15:42:00Z

    Anta Sports Products, forced to cope with pandemic-related policies that negatively impacted store foot traffic and consumer sentiment across China for most of 2022, reported 8.8 percent growth last year to 53,651 million yuan renminbi (€7.58bn) on a flat net profit of RMB 8,245 million (€1.17bn) against RMB 8,219 million. ...

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    Article

    Russia has seen sharp decline in sporting goods sales in 2022, new survey shows

    2023-03-21T14:44:00Z

    After the departure of the key foreign brands, including Nike, Adidas, Reebok and Decathlon, from the country, Russian sporting goods experienced a 40 percent drop in sales in monetary terms in 2022 compared with the previous year, a survey conducted by Tinkoff Data, a consulting branch of a local privately-owned ...

  • Contracts and arbitration
    Article

    Final Arbitration Judgements may not always be final

    2023-03-17T15:48:00Z

    Our legal expert explains a new ruling from Germany that may affect dispute resolutions, especially where a market leader is involved.

  • Yue Yuen
    Article

    Yue Yuen delivers solid FY results, but warns about gathering headwinds

    2023-03-15T07:05:00Z

    Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...

  • Adidas_Logo.svgz
    Article

    Adidas faces transition year; results suffer from Yeezy, challenging China

    2023-03-09T07:12:00Z

    Adidas unveils its turnaround plan after 2022 figures suffer from the termination of its Yeezy partnership and a challenging Chinese market

  • SBF_Logo.svgz
    Article

    Grupo SBF’s star segment in FY22 is Fisia

    2023-03-03T07:08:00Z

    Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro that became the country’s exclusive distributor of Nike in Dec. 2020, reported a 16 percent decline in Q4 adjusted Ebitda to 226.6 million Brazilian reais (€42.3m) for the period ended Dec. 31. Gross margin fell to 47.6 percent ...

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    Article

    Vulcabras’ momentum in athletic footwear persists

    2023-03-02T14:41:00Z

    Vulcabras’ Ebitda increased by 47 percent to 176.6 million Brazilian reais (€40.0m) in the final period of FY22. Gross margin improved by 220 basis points to 38.3 percent from 36.1 percent as net income came in at R$214.3 million (€40.0m). Quarterly net revenues were 19.2 percent higher year-over-year to ...

  • Puma Press Conference Mar 2023
    Article

    Puma CEO Arne Freundt: “We are hungry”

    2023-03-02T13:26:00Z

    Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023

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    Article

    Nike tops global retailers list among sports retailers

    2023-02-27T08:12:00Z

    Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...

  • etsy_logo
    Article

    Etsy accused of 'knowingly' allowing sales of counterfeit product

    2023-02-21T07:59:00Z

    In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...

  • Turkey Syria Earthquake
    Article

    Brands provide earthquake relief for Turkey and Syria

    2023-02-15T13:40:00Z

    9,210 apparel, footwear and textile manufacturers were located around the epicenter of the 7.8 and 7.7-magnitude earthquakes, which caused widespread damage across Turkey and northern Syria when they hit during the night of Feb. 6, 2023, according to the Business & Human Rights Resource Centre. Many retailers have already committed ...

  • adidas logo mountain
    Article

    Adidas braces for a hard year ahead after a difficult 2022

    2023-02-10T08:05:00Z

    In a press release on Feb. 9, Adidas warn of considerably lower revenues in 2023. If Adidas decides not to repurpose Yeezy prduct, 2023 could see an operating loss as low as €700 million.