News
adidas delivers strong third quarter results
Revenue posted by the Germany-based sportswear giant for its third quarter increased by 8% currency-neutral and 3% in euro terms. As a result, adidas has increased its full-year outlook
Amazon with record holiday sales
The US-based ecommerce giant announced a “record-breaking holiday season” with athleisure cited as a “top trend”. Amazon registered more items ordered worldwide than ever before, with customers shopping at record levels from a wide selection of products across every department
Nike names G. Scott Uzzell Head of Converse
Effective from the 22nd of January G. Scott Uzzell will become President & CEO of Converse, Inc. Uzzell comes to Converse from The Coca-Cola Company where he most recently served as President, Venturing & Emerging Brands Group (VEB)
Columbia closes buyout of China joint venture
As the new year started, Columbia Sportswear announced it has closed its buyout of the remaining 40% interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with Swire Resources Limited
80 Sears and Kmart locations to close
Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019
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