Sportswear
JD Sports cuts full year profit guidance amid challenging market conditions
The UK-based retailer has posted a solid trading update for the third quarter of its fiscal year, but has lowered its full year profit guidance in recognition of challenging and volatile market conditions
Under Armour appoints SVP of global brand and Americas marketing
The US-based sportswear company has appointed Tyler Rutstein, who has previously worked at adidas and Overtime, as its senior vice president of global brand and Americas marketing
Nike reports revenue decline amid strategic repositioning
The US-based sportswear company reported revenue and net income decline in the second quarter. CEO Elliot Hill shared ambitions to refocus on sports to drive long-term growth and shareholder value
Under Armour unveils four-pillar growth strategy
The Baltimore-based company has outlined a four-pillar growth strategy focused on product, story, service and team to realise its long term potential. The outlook for the current fiscal year remains unchanged
Puma launches new creative hub in Germany
The new Studio48 at Puma's headquarters offers designers advanced tools, 3D printing and collaborative spaces to drive innovation in performance and products while enhancing global partnerships
Foot Locker stumbles in the third quarter
The US-based sports retailer has stumbled again in the third quarter of its fiscal year, as total sales fell after the peak of the back-to-school season amid a heightened promotional environment
Nike promotes Treasure Heinle to Chief Human Resources Officer
The sportswear giant has announced that Treasure Heinle, currently Chief Talent Officer, will succeed Monique Matheson as Chief Human Resources Officer. Matheson will retire after 26 years with Nike
Sports goods manufacturer Le Coq Sportif placed in receivership
The French sportswear company that supplied the uniforms for the country’s Olympic team has been placed under judicial reorganisation by the Paris Commercial Court. It is now seeking new financing solutions
Swiss brand On reports better-than-expected third quarter results
The sportswear company has reported record third quarter results, driven by a net sales increase of 33.2% on a constant currency basis year-over-year. On has now adjusted its full year guidance
Under Armour reports revenue decline with improved profitability
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised
adidas reports nine month revenue growth
The German-based sportswear company has raised its guidance for 2024 and now expects 1.2 billion euros in operating profit, driven by sales momentum and disciplined cost management
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
Nike appoints new Chief Diversity Equity and Inclusion Officer
The US-based sportswear company has appointed Kizmet Mills as its new Chief Diversity Equity and Inclusion (DEI) Officer. She is the fifth person to hold the role since 2020
Brooks Running reaches 1 billion US dollars in revenue
The US-based running shoe brand reached 1 billion US dollars in sales for the first time in the third quarter, driven by growth in North America, Asia Pacific and European markets
Third quarter update from 361 Degrees
The Chinese-based activewear company has released a third quarter operational update for the third quarter of the year, reporting consistent growth during the period-
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