Sourcing news and insights for the sporting goods industry – Page 7
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Article
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik. The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the business. Lanxess ...
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ArticleITK and Bosch Research set up competence center for smart textiles
ITK Engineering, a German technology company operating internationally with customers mainly in the automotive and aerospace industries and a 100-percent subsidiary of the Robert Bosch GmbH since 2017, joined forces with Bosch Research to set up the Smart Textile Competence Center in the German town of in Rülzheim to investigate ...
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ArticleNo Ispo Beijing and supply chain bottlenecks due to coronavirus
The new Chinese pandemic – declared a global health emergency by the World Health Organization on Jan. 30 – is starting to put the brakes on the Chinese economy’s robust growth in terms of consumption, production and international trade in the sporting goods sector and others, with major consequences for ...
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Article
The FTA between the EU and Vietnam makes progress
The Committee on International Trade of the European Parliament has approved the free trade agreement signed last June by the European Commission with the government of Vietnam, paving the way for its endorsement by the full Parliament in February, ahead of its ratification by the European Council. It calls for ...
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A truce between the U.S. and China
The governments of the U.S. and China have signed a “phase one” trade deal that was confirmed in December after a year and a half of back-and-forth tariff impositions. The deal covers intellectual property rights, which China has been known to circumvent in a variety of ways, and ensures that ...
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News briefs
A Chinese manufacturer of athletic footwear, Kingmaker, reported a drop...
A Chinese manufacturer of athletic footwear, Kingmaker, reported a drop in its gross margin of 4.7 percentage points to just 6.9 percent for its first fiscal half ended on Sept. 30 because of smaller orders and their relocation to Vietnamese or Cambodian factories not affected by the U.S. tariffs on ...
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News briefs
Swiss import duties on various consumer goods could be abolished...
Swiss import duties on various consumer goods could be abolished in the future. If Parliament gives its approval, the plan will come into force in 2022. The abolition of tariffs on a number of industrial products, including bicycles, clothing and health products as well as some raw materials and semi-finished ...
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ArticleThe AAFA appeals to Trump on tariffs
While acknowledging problems in the trade relations between the U.S. and China, the American Apparel & Footwear Association (AAFA) stands opposed to the Trump administration’s policy of imposing high tariffs on imports of footwear and other products from China.
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Article
China tariffs affect Thule
The additional 15 percent duties imposed by the U.S. in July on a variety of products coming from China have led several U.S. retailers to reduce their inventories and to some extent resulted in higher prices that have impacted consumer spending, said the Thule Group to explain a 2.0 percent ...
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Article
Adidas moves Speedfactory technology to Asia
By the end of this year, Adidas will be transferring the robotic Speedfactory technology that it has developed in cooperation with Oechsler to two of its Asian footwear suppliers to help increase the flexibility of the design and production process. With production times substantially cut there, Adidas says it will ...
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News briefs
Clarus Corp., the parent company of Black Diamond and other...
Clarus Corp., the parent company of Black Diamond and other brands, had mixed results in the third quarter, with net income dropping by 14.3 percent to $3.5 million on 8.0 percent higher sales of $60.2 million. The gross margin was down by 1.6 percentage points to 34.1 percent, due to ...
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Article
Tariffs weigh on Johnson Outdoors’ profits
Johnson Outdoors' earnings for its third fiscal quarter, ended on June 28, were hampered by the first round of new tariffs that were imposed by the U.S. on China last September amid the ongoing trade war between the two countries. The company's net income declined by 7.1 percent from the ...
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Article
Détente on the international trade front
Three moves on the international trade front that have taken place in the last few days have given the sporting goods industry and the world economy positive signals in the direction of free trade. While the U.S. decided not to go ahead with a new set of punitive tariffs on ...
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Article
President Trump’s special diplomacy shakes up the market
Hundreds of companies, including many sports brands and retailers, are traveling to Washington and posting testimony for this week's hearings in the U.S. Congress on the planned new round of punitive tariffs against China. Even New Balance, an early supported of U.S. President Donald Trump that has its own assembly ...
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News briefs
The new free trade agreement between the European Union and...
The new free trade agreement between the European Union and Japan became effective on Feb. 1, and it will have a significant impact on European shoe exports. The Economic Partnership Agreement, also referred to as Jefta, immediately eliminates over 90 percent of tariff duties on European exports, gradually increasing the ...
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News briefs
E-bikes imported into the European Union (EU) from China will...
E-bikes imported into the European Union (EU) from China will be subject to tariffs varying between 18.8 and 79.3 percent, according to a filing in the EU's official journal. The measure is meant to curb the imports of cheap e-bikes from China, which may threaten the sales of pricier e-bikes ...
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Article
Fesi calls on Europe to complete the FTA with Vietnam
The Federation of the European Sporting Goods Industry (Fesi) and other organisations have written to the president of the European Council, Donald Tusk, to urge him to move forward with a proposed free-trade agreement between the EU and Vietnam.On Oct. 17, the European Commission approved the submission of the EU-Vietnam ...
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News briefs
Tension is mounting in the textile and apparel industries of...
Tension is mounting in the textile and apparel industries of Bangladesh and India as workers are asking for higher wages. After five days of clashes between factory workers and the police, garment manufacturers in Bangladesh decided to shut down 300 factories in the town of Ashulia on June 16. They ...
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News briefs
Representatives of Adidas, Nike and Puma have signed a protocol...
Representatives of Adidas, Nike and Puma have signed a protocol with representatives of Indonesian factory workers, their unions and various institutions, including the World Federation of the Sporting Goods Industry, to support and promote the adoption of practices that will strengthen the application of Freedom of Association guidelines in Indonesian ...
