Sportswear
adidas extends CFO's contract
The German-based company has announced that Chief Financial Officer Harm Ohlmeyer will remain in the role until the beginning of 2028. Changes to its executive board were also made
adidas posts weak fourth quarter
The company swung to loss in the last quarter of 2022 and saw its annual profit fall by 83%, reflecting the impact of a poor performance in China and the end of the Yeezy partnership
Puma hits record full year sales
The company achieved record annual sales and EBIT in 2022. Still, it warned on the challenges ahead due to “a high degree of geopolitical, macroeconomic and commercial uncertainty”
Foot Locker names interim CFO
In addition to his current duties as Senior Vice President of investor relations and financial planning and analysis, Robert Higginbotham will undertake the role of interim CFO of Foot Locker
Sportswear brand Castore plans to secure capital injection
The Manchester-based sportwear brand is working with the multinational investment bank Rothschild to raise around 200 million US dollars to fund its expansion
Under Armour appoints new board members
The US-based company has appointed Carolyn Everson and Patrick Whitesell as members of its Board of Directors. Moreover, long-time member Harvey Sanders will step down from the Board on the 31st of March
Under Armour announces third quarter results
The Baltimore-based company reported revenue growth of 3% in the third quarter of fiscal 2023, reaching 1.6 billion US dollars, as compared to the same period of the prior fiscal year
Columbia Sportswear announces full year results
The US-based company reported a net sales increase of 11% in 2022 over the prior year. But, amid supply chain constraints, net income in the same period declined by 12% year-over-year
adidas launches new label
The company has announced the launch of its first new label in five decades, adidas Sportswear, "for everyday movements and occasions", which will be available from the 9th of February 2023
Puma named Global Top Employer in 2023
The German-based sports company has been named global Top Employer 2023 by the Top Employers Institute, receiving also the award for four regions and twenty-two countries
Asics plans to further grow in India
The Japan-based sportswear company has reported that India saw the highest growth globally in 2022 due to the post-pandemic running and fitness boom
adidas to merge Canadian and US operations
The German-based sportswear company has confirmed the news by Retailer Insider that it plans to merge both businesses as part of a major organizational change to boost efficiencies
adidas opens first-ever Terrex store in Canada
The company has opened its first Canadian Terrex store in the outdoor hub of Vancouver, Kitsilano, offering access to the full line of its outdoor-specific brand's high-end outdoor gear
Mizuno's Innovation Centre in full swing
After three years since the announcement of the investment, the Osaka-based sportswear company reported that its Innovation Centre, called Mizuno Engine, is now operating
Under Armour appoints new CEO
The Baltimore-based company has announced the appointment of the current President of Marriot International, Stephanie Linnartz, to the role of President and Chief Executive Officer-
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