Sneakers
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans
Revenue up by 3% for Nike
The US-based sportswear giant reported fiscal 2021 financial results for its third quarter ended on the 28th of February 2021. Revenue increased by 3% to 10.4 billion US dollars compared to the prior year
New exhibition in London focus on sneakers
The new show will tell the story of sneakers and will open at the Design Museum, in London, on the 30th of April and will last until the 24th of October 2021
Skechers wins ninth Footwear Plus Company of the Year award
For the ninth time in the past 15 years, Skechers has been chosen as Company of the Year by Footwear Plus. Skechers Kids also received the Excellence in Children’s Design Award
Deckers with first billion-dollar revenue quarter
Strong direct to consumer and ecommerce performance have pushed Deckers to a record quarter with its first time billion-dollar quarter revenue
Revenue down by 13.0% at Mizuno
The Osaka-based sportswear company reported revenue down by 13.0% in the first nine months of the current fiscal year. Sales decreased significantly in all regions due to the COVID-19 pandemic
adidas to sell Reebok and focus on core brand
As part of the development of its new five-year strategy, the Germany-based group has concluded its assessment of strategic alternatives for Reebok. As a result of the review, adidas has decided to begin a formal process aimed at divesting Reebok
Under Armour with 15% decline in 2020 revenue
The Baltimore-based announced unaudited financial results for the fourth quarter and fiscal year ended on the 31st of December 2020. Revenue was down by 15% in 2020 and by 3% in the last quarter
Puma named European top employer for 2021
The Germany-based sportswear company has been named Top Employer Europe for the second time in a row. Puma says this award highlights the company's efforts to provide an attractive workplace for its employees
Nike GO FlyEase: the hands-free shoe
The US-based sportswear giant caused a stir on social media last week with a video presentation of the new Nike GO FlyEase. The latest model presented by Nike is a hands-free shoe
JD Sports Fashion to acquire US-based DTLR
The UK-based retailer of sports, fashion and outdoor brands, announces it entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC, a US-based lifestyle retailer with roughly 250 stores in 19 states
JD Sports raises profit forecast
Despite having to deal with many temporary store closures across several territories, JD Sports registered robust demand throughout the second half, including in the months of November and December
Nike sues nearly 600 websites for selling counterfeit sneakers
The US-based sportswear giant has filed a lawsuit against 589 websites allegedly selling counterfeit versions of its Nike and Converse shoes online
JD Sports buys menswear retailer Wellgosh
The British sports-fashion retailer JD Sports acquired the Leicester-based menswear retailer Wellgosh. The financial terms of the transaction were not disclosed yet
adidas to sell Reebok business
In a statement recently issued, the Germany-based company said that as part of the development of its new five-year strategy, adidas has begun to assess strategic alternatives for Reebok-
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