Germany
Zalando's EBIT up by 87% in the second quarter
The German-based online retailer posted an 87% increase in EBIT in the second quarter of the current year from the same period in 2022, despite a slight decline in GMV and revenue
adidas reports second quarter results
The company reported growth flat in the second quarter and first half of 2023, but added that is seeing some improvement in its performance, also due to the sale of Yeezy inventory
adidas to further release existing YEEZY products this month
A second batch of YEEZY products will be released in phases throughout August, with a significant amount to be donated to selected organisations working to combat discrimination and hate
Puma's sales increase but net income declines
The sportswear company posted a sales growth of 11.1% on a currency-adjusted basis, but a net income decline of 34.7% in the second quarter of 2023, as compared to the same period of last year
CK Technology is the new owner of Görtz
After a difficult year, the insolvency proceedings of the Hamburg-based footwear retailer have been completed and the company is now owned by Vienna-based CK Technology Solutions
Sale of some of Yeezy inventory impacts positively adidas second quarter results
In its preliminary results for the second quarter of 2023, the German-based sportswear giant recorded slightly better-than-expected results, raising its full year outlook in result
Puma commits to sourcing leather from deforestation-free supply chains by 2030
The Germany-based company has signed the Deforestation-Free Call to Action for Leather, thereby committing to source bovine leather from deforestation-free supply chains by 2030 or earlier
Puma names new General Manager in China
The Germany-based sportswear company has named Shirley Li as General Manager in China, as part of its strategy to strengthen its business in China, one of the company's key markets
Puma reorganizes its global marketing organization
This major reorganization of Puma’s global marketing organization includes the relocation of the Brand Management and Marketing Operations from Boston to the Germany's headquarters
Germany Retail: a bleak horizon for both the physical and online retail
Consumers seem to have definitely pulled the rug out from under footwear companies, as can be seen by the wave of insolvencies observed in the footwear sector in recent months, in addition to the store closures recorded in 2022. And the online channel is having no better luck, with sales progressively losing the momentum of the positive results recorded in the summer of last year. Overall, the future of retail looks set to remain a little gloomier in the coming months
adidas and Prada team up on first-ever football boot collection
The German-based sportswear company and the Italian luxury house have unveiled the “adidas Football for Prada” collection, combining the unique features of their DNA
adidas to release existing YEEZY products this May
The giant sportswear announced it will begin selling some of the remaining inventory of adidas YEEZY products, with an initial release at the end of May 2023
German footwear manufacturer EOD declares insolvency
The company, known for the Groundies shoe brand, has filed for insolvency proceedings with the Freiburg District Court with the aim of restructuring itself to get back “on solid ground”
Puma appoints new Managing Director for the Indian business
The German-based sportswear company appointed Karthik Balagopalan to the role of Managing Director of Puma India, one of its fastest-growing markets, effective on the 1st of August-
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