VF Corp. sets initiatives for brands to reach FY27 targets
This is how VF Corp. wants to reach its growth targets for 2027 in challenging times.
VF Corp. maps out growth strategy, trims FY23 outlook
EMEA plays a key role in the company’s growth strategy.
Under Armour releases 2021 Sustainability & Impact Report
Under Armour has released its 2021 Sustainability & Impact Report, which outlines a new sustainability framework, goals and targets. The report, aligned with the industry standards of the Global Reporting Initiative (GRI) and Sustainable Accounting Standard Board (SASB), outlines 23 goals and targets in three categories: Products, Home Field, and ...
74 percent of post-consumer textile in Europe is recyclable
A report titled Sorting for Circularity Europe provides key findings for a more circular use of textiles.
Adidas exhibits its “made to be remade” products in London
At Design London 2022, taking place at Magazine London on Sept. 21-24, Adidas has organized an exhibition titled “Chasing Circularity.” The exhibits showcase the brand’s journey since the 2019 launch of Futurecraft.Loop, a corporate initiative that explores ways to make reusable products. The project has been working on a circular ...
Cross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
Analysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
Kanye West seeks to part ways with Gap
As our colleagues at the American edition of SGI are reporting, Kanye West has instructed his attorneys to cite breach of contract and end his deal with Gap. The rapper turned apparel and footwear designer has been badmouthing the company on Instagram as well as in the press, notably in ...
Market Analysis: The sports apparel market
This is an exclusive, yearly statistic available only to subscribers of SGI Europe. It includes revenue and market-share development, as well as a regional breakdown, of the major global sports apparel brands.
Why sporting goods industry inventories rose by 57% in Q2 2022
The aggregate inventory level for 28 public sporting goods companies, tracked by SGI Europe, rose more than 57 percent year-over-year to more than €31.9 billion at Q2 end and was up by nearly 32 percent from the end of 2021 when it stood at €24.27 billion. Eleven companies had inventory ...
Nike teams up with ILO to reduce road accidents among garment and footwear workers
The International Labour Organization’s (ILO) Vision Zero Fund and Nike Inc. have launched a joint initiative to reduce deaths and injuries among garment and footwear workers. The initiative aims to understand why garment and footwear workers are so vulnerable to injuries and fatalities resulting from commuting accidents and to develop ...
E-commerce, DTC model bolstered Anta H1 Sales
Anta Sports Products recorded a 13.8 percent increase in first half revenues to 25,965 million yuan renminbi (€3,687.0b) thanks to contributions from its direct-to-consumer and e-commerce segments, which helped to offset a 34 percent sales decline in its traditional wholesale business that was adversely impacted by the pandemic. DTC sales ...
Kasper Rorsted to leave Adidas
Adidas AG has announced that Kasper Rorsted, CEO, and the company’s supervisory board have mutually agreed that Rorsted will step down from his position in 2023. The search for a successor has already begun. Rorsted will continue as CEO until a successor is appointed and will work with the supervisory ...
Textile waste allegedly used as fuel for brick kilns in Cambodia
Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...
Market Analysis: The athletic footwear 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 athletic footwear brands including breakdown by region.
Under Armour prepares for inventory challenges, major drop in FY gross margin, seeks new CEO
Under Armour, which has faced more than its share of challenges in recent years, is bracing for another one but vowing to take its message, products, and brand to more consumers worldwide with renewed focus with more than $600 million in global marketing dollars and unaided brand awareness of 92 ...
Adidas braces for more China woes, potential slowdown in global consumer spending
Adidas, which adjusted its FY22 guidance downward on July 26, reported a 10.2 percent increase in Q2 revenues (+4% currency neutral) to €5,596 million from €5,077 million. The sales gain was achieved despite ongoing supply and demand challenges and more than €300 million in lost revenues related to the factory ...
Grupo SBF generates 32% of quarterly sales from digital
Grupo SBF, which operates Brazil’s top sporting goods chain in Centauro and has distributed Nike in the South American market since Dec. 2021, reported a 2.7 decline in adjusted Ebitda to 154,764,000 Brazilian reais (€29.6m) for the period ended June 30. Operating income declined by 25.0 percent to BRL $70,503,000 ...
VF posts quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
Columbia revises FY22 outlook, will lean on key markets
At the same time as announcing its results for the quarter with the seasonally lowest sales volume, Columbia Sportswear has reduced its sales and profit forecasts for the full year. The company is concerned about the current state of the consumer and potential retail order cancellations later this year. It ...
