Sportswear
Dick’s Sporting Goods closes Foot Locker acquisition
The US-based sporting goods retailer has finalised its acquisition of the footwear and apparel retailer Foot Locker, which was announced in May and valued at 2.4 billion US dollars
JD Sports reports improved performance in North America
The UK-based sportswear retailer reported an improvement in its performance in North America in the second quarter, driven by the launch of new footwear lines. The UK remained its weakest market
On raises full year guidance
The Switzerland-based sportswear company has raised its full year guidance following a strong performance in the second quarter, marked by significant growth in direct-to-consumer net sales
adidas posts double-digit revenue growth in the second quarter
The sportswear company has reported a strong second quarter, with double-digit revenue growth of 12% year-on-year. Despite acknowledging the impact of US tariffs and future uncertainty, adidas reaffirmed its full year outlook
Nike reports fourth-quarter and full year results
The US-based sportswear company saw declines in revenue for both the quarter and full year, but remains hopeful, repositioning through a sport-focused strategy to renew consumer connection
adidas names Markus Morent to lead Korean Market
The German sportswear company appoints Markus Morent as head of adidas Korea, signalling renewed focus on consumer experience and growth as the company posts strong early 2025 results
Nike appoints new Chief Innovation Officer
Following John Hoke’s announcement of his retirement, the US-based sportswear company promoted Tony Bignell, Vice President of running footwear, to Chief Innovation Officer
adidas confirms data breach following cyberattack
The German sportswear giant was the victim of a cyberattack targeting its customers’ personal information. However, their credit card or other payment-related data was not accessed
Under Armour reports fourth quarter and full year 2025 results
The Baltimore-based company reported a decline in fourth quarter revenue across geographies and segments, but an increase in gross margin, as it continues to reposition the brand for long-term growth
On reports strong first quarter results
The Swiss sportswear company has reported a strong first quarter, with growth across all channels, regions and segments. As a result, the company has raised its full year net sales outlook
Dick’s Sporting Goods to acquire Foot Locker for 2.4 billion USD
Dick’s Sporting Goods has announced that it will acquire Foot Locker for 2.4 billion US dollars. This deal will give Dick’s a major international presence and greater market leverage with brands such as Nike and adidas
Nike shuffles leadership structure
Following Heidi O’Neill’s retirement from her role overseeing consumer, product and brand, the leadership will be divided into three areas. Amy Montagne has been promoted to President of the Nike brand
Puma profits dip in the first quarter
The sportswear company reported a subdued performance in the first quarter, with the adjusted operating profit falling by more than 50% year-on-year due to lower gross profit margins and rising operating expenses
adidas reports strong first quarter but CEO warns of tariff impact ahead
The German sportswear company has reported a 13% increase in sales in the first quarter, as compared to the same period last year. However, CEO Bjørn Gulden warned of the impact of tariffs ahead
Intersport appoints new CEO
The Switzerland-based sporting goods retailer announced that it has appointed Tom Foley as the new Chief Executive Officer, effective from the 1st of July 2025-
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