Sportswear
Under Armour is temporarily closing North American stores
The Baltimore-based company has announced they will close all stores in North America from the 16th of March through the 28th of March 2020
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
Asics expands global tennis sponsorships
The Japan-based brand announced the sponsorship of Borna Coric and Caroline Garcia ahead of the start of the 2020 season. Iga Swiatek also joined Asics Tennis
Pentland acquires the Speedo North America
PVH Corp. has announced that it has entered into a definitive agreement to sell its Speedo North America business to Pentland Group, parent company of Speedo International Limited
Liverpool and Nike with multi-year partnership deal
The football team based in the northwest England announced a new multi-year partnerhsip with Nike, which becames its official kit supplier from the 2020-21 season onwards
AAFA opposes CBP proposal to reclassify fashion footwear
The association representing the American footwear and apparel industries wrote to the Customs and Broder Protection warning for the consequences of the decision
adidas is moving automated factories to China
The Germany-based sportswear brand will close Ansbach and Atlanta Speedfactories. The aim is to deploy the Speedfactory technology at Asian suppliers by end of 2019
Best quarter ever for Puma
Best set of results posted in a quarter, both in terms of revenue and EBIT, was announced by Germany-based Puma. Footwear with 17% growth
Mark Parker to step down as Nike's CEO
The sportswear giant announced Board Member John Donahoe will succeed Mark Parker as President & CEO in 2020. Parker will become Executive Chairman of Nike
adidas launches sneaker through Snapchat video game
For the release of its new baseball cleat the Germany-based sportswear giant has created a video game and partnered with Snapchat
Umbro extends South America license
The owner of the brand, Iconix Brands Group, has announced a ten-year extension of Umbro’s licensing agreement with long-time partner Grupo Dass
Rip Curl sold to Kathmandu
The acquisition of Rip Curl by Kathmandu creates an Australasian based surfing and outdoor adventure lifestyle company offering a varied technical based product mix
Columbia Sportswear consolidates growth
The US-based sportswear company announced growth of 9% in the second quarter for net sales. The increase in the first half of the year amounted to 8%
Under Armour updates 2019 full year outlook
The Baltimore-based sportswear brand has announced financial results for its second quarter with a 1% rise in sales to 1.2 billion US dollars. Footwear represents roughly a quarter of total revenue- 1
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