Companies
adidas uses more than 50% recycled polyester in its products
This year adidas reaches a significant milestone on their road to sustainability: in 2020, for the first time, more than half of the polyester used in adidas products will come from recycled plastic waste
12 Timberland stores to close across the UK
Outdoor clothing and footwear brand Timberland together with their retail partner 73 Retail are closing 12 stores across the UK. Other closures impacting The North Face and Havaianas
New Generation: meet Filipa Couto
With a Bachelor Degree in Clinic Psychology and a Master in Business Management Filipa has choosen the challenge to take on her family business. An invitation from her father has made her the second generation working at Trofal
UA Record no longer supported
Under Armour said UA Record, its mobile app for tracking fitness and weight changes, will be retired from the 31st of March onwards and will no longer operate. Users are being encouraged to transition to MapMyFitness app
Woolworths changes CEO
Woolworths' CEO Ian Moir has resigned and Roy Bagattini, President of Levi Strauss' American operations will fill the position
Brand Velocity Partners acquires Original Footwear
Private equity firm Brand Velocity Partners, focused on acquiring lower-middle market consumer businesses, announced it has purchased iconic brand Original Footwear
Bardot to have major restructure
The brand, which went into voluntary administration in November, will close 58 stores over the next two months. 530 employees expected to be impacted
Louis Vuitton and NBA in partnership
The France-based luxury label has announced a partnership with the US National Basketball Association (NBA). Louis Vuitton will also become the official Trophy Travel Case Provider
Puma signs first American professional soccer team
New Mexico United will become the first American professional soccer team to partner with Puma
Genesco with 2% increase in comparable sales
The Nashville-based company announced that comparable sales, including both stores and direct sales, increased by 2% for the quarter-to-date period ended on the 9th of January 2020
JD Sports with positive holiday sales
The sports-fashion retail company based in the UK announced an update on performance following the Christmas trading period. A positive like for like trend was registered
Nike donates 5 million US dollars to Obama Presidential Centre
The Nike Foundation is donating 5 million US dollars to create a public athletic facility in the new Obama’s Presidential Centre
Geox: sales down in 2019 and a complex context
The brand’s revenue amounted to 805.9 million euros in 2019, decreasing by 2.6%. Revenue from the footwear segment, which accounts for 89.4% of the consolidated turnover, totalled 720.8 million euros, down by 3.1%
Nike extends deal with Chinese Athletics Association
The giant sportswear brand and the Chinese Athletics Association (CAA) signed a long-term partnership extension through 2033
Jim Pisani steps down as Timberland’s President
VF Corporation, the owner of the brand, announced that Jim Pisani has decided to step down from his role as Timberland's Global Brand PresidentMedia Partners
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