Sportswear
JD Sports improves full year outlook
The UK-based retailer improved its annual profit forecast for the second time in four months, underlining the positive performance during the holidays
Merrell donates 25 000 US dollars to the Boulder County Wildfire Fund
The brand has announced that it will not attend the upcoming Outdoors Retailer's event due to COVID-19 concerns. Instead, it will donate the saved money to the Boulder County Wildfire Fund
New chapter on Prada and adidas collaboration
The adidas for Prada Re-Nylon collection reimagines luxury sportswear through a sustainable lens, while celebrating the adidas Originals Forum and Prada’s Re-Nylon fabric
Fashion bets on data-analysis science
The Retail Data-Forwardness Index shows that 22 leading global fashion companies employed 40.3% more data related professionals in 2021 than in 2020
Asics Accelerator Programme open for applications
The Japan-based sportswear giant is inviting potential candidates to submit their proposals until the 14th of February 2022, under the theme ‘sports- 3 years from now’
Nike posts solid performance
The US-based company reported strong performance in the second quarter of fiscal 2022, driven by sales in the North America region, and amidst ongoing impact of supply chain disruptions
ABG teams up with JD Group to expand Reebok
The company has announced a partnership with JD Sports, which will sell the sportswear brand’s products in 2 850 stores and e-commerce platforms across North America and Europe
ABG takes Reebok to India
ABG has signed a long-term licensing agreement with ABFRL, confering the Indian company exclusive rights to distribute and sell Reebok products in India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka
Sorel and Hoka join responsible packaging movement
Launched last year by Columbia Sportswear’s prAna brand, the movement has reached now 100 signatories. The footwear brands Merrell and Saucony had already signed it
Foot Locker launches initiative to tackle social inequalities
The US-based footwear retailer has partnered up with Laureus Sport for Good Foundation to launch a multi-country initiative aimed at addressing inequality in underserved communities
SPARC to manage Reebok operations in the US
ABG, which will close the acquisition of Rebook next year, has established a partnership with its division SPARC to secure Reebok US’ operation, disclosing the strategy for the brand
Puma increases production in Argentina
The sportswear giant in Argentina is to invest 4.2 million US dollars in its factory in La Rioja to increase its production capacity to 2.5 million pairs per year
Puma discloses pilot test for biodegradable sneakers
The sportswear giant has developed a sustainable experimental version of its most iconic sneaker, the SUEDE, to address the challenge of waste management in the footwear industry
Foot Locker reports strong performance
The retailer announced results for the third quarter of 2021, posting net income of 158 million US dollars. Total sales increased by 3.9%, as compared to the same period of 2020
adidas announces revenue growth slowdown
The sportswear giant has reported that supply chain disruptions and difficult environment in Greater China reduced growth by around 600 million euros in the third quarter of 2021-
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