World Footwear

Sportswear

Under Armour CEO steps down

May 20, 2022 / United States
The company announced that Patrik Frisk will step down as President and CEO, effective 1st of June. Colin Browne, currently COO, will act as interim President and CEO until a new name is appointed

Under Armour reports net loss

May 12, 2022 / United States
The company announced unaudited results for its transition quarter ended on the 31st of March. Despite revenue growth, Under Armour posted a net loss of 60 million USD. Footwear sales declined

adidas lowers expectations for 2022

May 10, 2022 / Germany
After a revenue decline of 35% in Greater China thanks to a challenging market environment and COVID-19 lockdowns, the company reduced its outlook for 2022 to the lower end of the range

ABG appoints Reebok International EVP

May 5, 2022 / United States
To lead the international expansion of Reebok, the global brand development, marketing and entertainment company named Steve Robaire to the role of EVP for Reebok International

Columbia Sportswear announces sales increase

May 4, 2022 / United States
The US-based sportswear company reported growth across all brands in the first quarter of fiscal 2022. Revenue for the period totalled 761.5 million US dollars

Puma launches testing phase of Re:Suede experiment

Apr 26, 2022 / Germany
The company has started distributing the 500 pairs of its experimental biodegradable model to participants in Germany to determine if it will endure everyday use and biodegrade properly

Digitization and new consumer trends drove growth in 2021

Premium ContentApr 18, 2022 / World
2020 was a challenging year for most companies thanks to the outbreak of the COVID-19 pandemic, which led to severe supply chain disruptions throughout the globe, periods of halting in operations and physical retail, and an increase in raw materials and transportation costs. However, by mid-2021, there were already signs that things were taking a turn for the better, and some companies have managed to equal and even exceed their pre-pandemic performances. We took a look into the full-year 2021 results of some of the largest companies worldwide to observe how they pulled through the challenges brought by the COVID-19 pandemic

Adidas launches digital Ozworld experience

Apr 8, 2022 / Germany
To celebrate the release of the latest Ozworld collection, adidas Original has launched the world’s first personality-based AI-generated avatar creation platform

Nike posts third quarter results

Mar 29, 2022 / United States
The US-based company reported revenue growth in the third quarter of the current fiscal year, driven by a good performance of Nike’s direct business

lululemon enters the footwear category

Mar 21, 2022 / Canada
The performance apparel company will release four running shoe models specially designed for women first throughout 2022

adidas reports strong growth

Mar 15, 2022 / Germany
The sportswear giant posted currency-neutral sales growth of 16% in 2021 over the prior year, reaching 21.23 billion euros, despite disruptions in the Greater China and Asia-Pacific markets

adidas names Chief Creative Officer

Mar 8, 2022 / Germany
The sportswear company has announced the appointment of Alasdhair Willis to the position of Chief Creative Officer, effective April

Foot Locker posts strong full year 2021

Mar 2, 2022 / United States
The retailer announced the results for the fourth quarter and full year 2021. Net income for fiscal 2021 totalled 893 million US dollars, as compared with 323 million US dollars in 2020

Puma announces full year sales jump

Feb 24, 2022 / Germany
In 2021, the German sportswear giant’s revenue grew by 32% over 2020, reaching 6.81 billion euros, driven by the Americas region’s performance. Puma also reported achieving a record EBIT

ABG strengthens partnership with Foot Locker to expand Reebok in the US

Feb 23, 2022 / United States
The footwear retailer will widen its assortment while exclusively offering selected Reebok footwear models, for all, in its owned-stores and complementary e-commerce websites in the US
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