Sourcing news and insights for the sporting goods industry – Page 4
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ArticleTextile waste handling: the invisible part of global circular supply chains
It’s no secret that waste represents a huge problem in the apparel industry, but what if we think of this instead as an untapped resource?
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News briefsNike steps up fight against bots and resellers
Nike continues to fight against resellers and is currently specifically targeting punishing buyers who use shopping bots to manipulate the market. The Wall Street Journal first reported earlier this week on the company’s change to its U.S. online sales policy, which tightens existing anti-resell terms. It now states that orders ...
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News briefsBleckmann opens new distribution center in the Netherlands
Dutch logistics company and supply chain management expert Bleckmann is opening a new fulfillment center in Venlo to increase its capacity in Europe’s logistics hotspot. A lease agreement for around 30,000 sqm has been signed with Prologis. Operations for the first customers have already started, and further implementations are to ...
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ArticleNext Textile conference (Oct. 26) focusing on “Re: Source as A Resource”
The theme of this year’s NEXT TEXTILE conference will focus on Re: Source as A Resource, as the need to rethink has never been more significant. But, conversely, opportunities through innovations have never been greater. The event will take place at Sweden Fashion Textile Center in Borås, ...
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News briefsAlibaba.com offers new service for European B2B buyers
Alibaba.com, Alibaba Group’s B2B marketplace, is launching a new B2B service called Alibaba.com Select, aimed at retailers, distributors, wholesalers, medium and large enterprises in Europe that already import from China or are interested in doing so. According to “The Future of B2B E-Commerce: Online Platforms,” an independent study by ...
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News briefsWCO and UNCTAD strengthen cooperation to enhance supply chain digitalization
The World Customs Organization (WCO)’s secretary general, Kunio Mikuriya and his homolog at the United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, signed a Memorandum of Understanding (MoU) on Oct. 4 that aims to improve supply chain digitalization and data sharing for global trade industries. The MoU, which ...
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News briefsFalling cotton prices
Cotton prices are dropping amid economic concerns and weak demand as fears of a global economic slowdown might negatively impact demand for apparel and other goods. In its report for September, cotton market information resource Cotlook said that international cotton prices “reversed direction in dramatic fashion” during the month, registering ...
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News briefsICC urges companies to pilot the new sustainability framework
The International Chamber of Commerce (ICC) has launched a call to banks, corporates and tech companies to take part in piloting a framework to grade the sustainability profile of individual trade transactions. In the project’s first phase, the piloting of the new Sustainable Trade Framework will focus on the textile ...
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News briefsAnother strike at the largest port in the U.K.
The second strike in a few weeks at the Port of Felixstowe could put further strain on supply chains. The union called a nine-day strike on Tuesday Sept. 27. The Port of Felixstowe is the largest port in the U.K. Already last month, about 1,900 port employees participated in a ...
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News briefsNFW Footwear Collective is growing
New Balance and Wolverine Worldwide have joined Natural Fiber Welding’s (NFW) Footwear Collective, a cooperative platform aiming to promote widespread adoption of low carbon, biobased materials from nutrients, which are safe to return to the earth at the end of a product’s life. Through the Footwear Collective, NFW and its ...
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News briefsThe EU supports circular sportswear project with funds
An initiative to make 100 percent bio-based performance sportswear is to get funding from the European Commission as part of its S4 Fashion project, with the contribution of the EU’s European Innovation Council and SMEs Executive Agency (EISMEA). BioAce is a joint project from Circuvate, a German sustainable materials consultancy, ...
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News briefs
A new Fashion Innovation Center in New York
New York governor Kathy Hochul has announced $10 million in state funding for the establishment of a new Fashion Innovation Center (FIC), which will focus on promoting New York State-produced smart and sustainable textiles. Hochul announced the FIC during New York Fashion Week, on Sept. 7-14. “The Fashion Innovation Center ...
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News briefsComeback of Munich Fabric Start after the pandemic
Source: Munich Fabric Start The 50th edition of Munich Fabric Start, the international fabric trade show in Munich, which was held from Aug. 30 to Sep. 1, hosted around 900 exhibitors from 40 countries on a total exhibition area of 45,000 square meters. The event’s exhibition area ...
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ArticleStrong start of the Functional Fabric Fair in New York
Functional Fabric Fair New York – powered by Performance Days® is a trade-exclusive event showcasing the latest trends in fabric development for the functional textile industry and provides a suitable marketplace in the U.S. for sourcing high-performance functional fabrics and accessories. On July 19-20, for the first time in three ...
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ArticleSri Lanka apparel forum sees apparel sector unaffected by political turmoil
In the face of the current political development in Sri Lanka, the country’s Joint Apparel Association Forum (JAAF) has called on all party leaders to urgently clear the way for an all-party government with elections as soon as possible to restore stability and rebuild confidence in the country - locally ...
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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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News briefsDouble-digit sales growth for sporting goods in Spain
Sales of sporting goods in Spain (sell-out) grew by 11 percent in 2021 compared to 2020 and reached €8.58 million, according to a report elaborated by Sportpanel for the Spanish trade association Afydad. The increase was primarily driven by the bicycle sector, which registered a 10.8 percent increase versus 2020 ...
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ArticleOpinion: Fighting the good fight
In the last 30 years, Sri Lanka has lived through a debilitating civil war, a tsunami, the Easter Sunday bomb attacks and the two-year-long pandemic. As a nation, we have battled through them all, emerging bruised but not broken. We are resilient, and yet again, we will overcome the current ...
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News briefsEU and New Zealand agree on free trade agreement
The European Union and New Zealand have agreed on a joint Free Trade Agreement (FTA). According to estimates, trade could increase by around 30 percent. The EU is currently already New Zealand’s third-largest trading partner. In addition to consumers and trading companies, agriculture is also expected to benefit. “Our EU-NZ ...
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
