Sneakers
Nike accelerates its digital transformation
The company has announced the acquisition of RTFKT, which is a brand known for creating viral sneakers designs and collectible exclusives. The terms of the deal will not be disclosed
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
Skechers launches Our Planet Matters recycled collection
The new collection was designed to help reduce the company’s environmental impact. Skechers has also announced a partnership with the non-profit The Nature Conservancy
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
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
Under Armour raises full-year guidance
The Baltimore-based sportswear giant has reported unaudited financial results for the third quarter of 2021. Revenue increased by 8%, reaching 1.5 billion US dollars
Puma reports sales growth
The German-based sports giant announced sales increase of 20.4% in the third quarter of 2021, reaching 1.9 billion euros, despite the supply chain constraints
Skechers sales rise
The US-based footwear giant reported a third quarter sales increase of 19.2%, reaching 1.55 billion US dollars, driven by improvements in domestic and international businesses
Under Armour appoints Massimo Baratto Chief Consumer Officer
The Baltimore-based company has announced the appointment of Massimo Baratto to the position of Executive Vice President, Chief Consumer Officer
Asics: sales go up by 44% in the EMEA region
In the first six months of the current fiscal year, Japanese sports brand Asics saw sales in the Europe, Middle East and Africa (EMEA) area grow by 44% to 70.5 million euros compared to similar period of the previous year
adidas raises full year outlook
The Germany-based sportswear giant announced its second quarter results for 2021. Revenue picked up everywhere except in Greater China. Sales growth in the period amounted to 51% in euro terms
Under Armour lifts outlook
The Baltimore-based sportswear giant has reported unaudited financial results for the second quarter ended on the 30th of June 2021. Revenue was up by 91% to 1.4 billion US dollars. Under Armour has updated its outlook for the fiscal year
COVID-19 outbreak in Vietnam threats footwear exports
Strict lockdown measures to suppress Vietnam’s outbreak of COVID-19 threatens to lead to a decline in footwear exports in the second half of 2021. Companies such as Nike are already facing supply chain disruptions
Foot Locker accelerates Asia-Pacific expansion with acquisition of atmos
The retailer has entered into a definitive agreement to acquire Text Trading Company, K.K., which owns and licenses the atmos brand, a digitally led, premium, global retailer headquartered in Japan
Skechers and Kansaïyamamoto team up on limited-edition collection
The two brands collaborated on a limited-edition collection of footwear inspired by the late Japanese designer Kansai Yamamoto. It was launched on the first anniversary of his passing, on the 21st of July-
Footwear Consumer 2030
A study reflecting on the main global consumer trends and the key changes for the footwear industry.
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