Cancelled functional fabrics show in Munich goes virtual again
The physical edition of Performance Days – initially planned for Dec. 1 and 2 – had to be cancelled at short notice due to the current sharp rise in Covid infections in Munich. Like already in May, the winter edition of the show will be moved entirely into the digital ...
Romania’s apparel industry is struggling
Some sports clothing has been manufactured in Romania in the past, especially for Italian brands, but it’s not sure whether this is still the case. According to Just Style, Romania’s apparel industry is suffering from problems in both its supply chain and its export market. The flow of raw materials ...
ABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
Intersport Spain has sold its HQ
According to CMDsport, Intersport Spain will be moving out of its headquarters in the city of Rubí, in the province of Barcelona, on Nov. 19. The buying group inaugurated the site in 1989 and has now sold it, for some $5 million, to an as yet unnamed investment fund. It ...
Retail chains’ global sales inched up by 1% last year
The total revenues of the largest sporting goods retailers around the world eked out a slight increase of one percent in 2020 - both in dollars and in local currencies – going up to a level of $106.7 billion. Like the global sports market, which was flat at $508 million ...
PE firm to acquire NPD Group
The private equity firm Hellman & Friedman (H&F) will soon be entering into a binding and exclusive agreement to purchase the NPD Group, once the latter’s employee-works council has been lawfully notified and consulted.
