Sportswear
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
New North America President at Puma
The sportswear company has announced that Tara McRae will succeed Bob Philion as President of Puma North America, where she will oversee the company’s business in this market
JD Sports cautious on tariff impact as it announces fourth quarter and full year update
The UK-based sportswear retailer has reported a solid fourth quarter and full year performance in its latest trading update. However, it is cautious about the actual impact of tariffs in the current year
On moves to single CEO structure
Co-CEO and CFO Martin Hoffmann will assume the sole role of CEO. After 12 years of leadership, the current Co-CEO Marc Maurer has decided to leave On to pursue another opportunity
Former adidas executive Arthur Hoeld named new CEO of Puma
Arne Freundt, Puma’s current CEO, will leave the company due to differing views on strategy execution. Arthur Hoeld, former head of adidas Global Sales, will succeed Freundt at the helm of the company
Nike reports drop in revenue and profits in the third quarter
The US-based sportswear company has reported a drop in revenue and profits in the third quarter of the year, as it continues its turnaround strategy to improve long-term profitability
Footasylum reports strong full year results
The British sportswear retailer has reported “another year of record revenue and profit” in the fiscal year 2025, as it continues its digital-first strategy and ongoing store expansion-
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