Sportswear
Under Armour signs sourcing deal with Hemp Black
The agreement between the sportswear giant and the manufacturer, involves the provision of specialty yarns treated with a patented activated carbon process, which has received certification from the Cradle-to-Cradle Institute
Under Armour reiterates its full year guidance
The US-based company posted a solid first quarter in fiscal 2024, stressing the performances of the international and direct-to-consumer segments, and confirmed its previous full year guidance
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
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
JD Sports expands to the Middle East with new franchising deal
The UK-based sportswear retailer has signed a 10-year franchise agreement with the Dubai-based brand management company GMG that will allow it to expand into the Middle East
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
JD Sports to take full control of the Iberian Business
The UK-based retailer intends to buy the remaining 49.98% shares in the Iberian Sports Retail Group (ISRG) for 500.1 million euros, thereby acquiring 100% ownership
Nike posts a decline in profits
Despite seeing its revenue grow during the fourth quarter of fiscal 2023, the US-based company posted a 28% decline in net income from the same period of fiscal 2022
JD Sports reiterates full year outlook
After reporting a positive trading update for May, the UK-based retailer said that it maintains its outlook of 1.04 billion British pounds in profit before tax and adjusted items
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
Under Armour confirms corporate lay-offs
The Baltimore-based sportswear company has cut 50 roles across several units in its corporate workforce, says Footwear News, to help reduce expenses and achieve profitability
Nike launches Well Collective
The US-based sportswear giant launched the Well Collective commitment to “support wellness journeys for everyone”. This initiative is built on the brand's five pillars of holistic fitness
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-
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