Sportswear
Under Armour announces first quarter results
The Baltimore-based company held its own in the first quarter of fiscal 2023, reporting a flat revenue of 1.35 billion US dollars, but is cutting its profit forecast for the full year
Puma reports highest quarterly sales ever
Revenue of the sportswear giant exceeded 2 billion euros in the second quarter of 2022. Sales grew in all regions except in Greater China due to COVID-19-related lockdown measures
Asics launches first 3D printed model
The Japan-based sportswear company, which is making its debut within 3D, introduced the Actibreeze 3D sandals to aid recovering athletes in the After Performance phase
JD Outdoors to open over a dozen new stores
The retailer's outdoors division, behind brands such as GO Outdoors, Blacks and Millets, is expanding its footprint in the UK due to a spike in demand for outdoor products
Consumer demand across mobile apps fosters Nike's growth
The US-based sportswear giant attributed the 18% annual revenue growth in its digital business to consumer demand across its mobile apps
JD Sports appoints new Chairman
The UK-based retailer announced that Andrew Higginson has been named Chair of the group, effective today, after a thorough search process carried out by the Board
Nike announces fourth quarter and full year results
The US-based company posted full year revenue growth despite the impact of COVID-19-related disruptions in China and higher freight and logistics costs in the fourth quarter performance
Fleet Feet to acquire Marathon Sports
The US franchisor of locally owned and operated running stores announced that it will acquire the New England-based running retailer Marathon Sports and its soundRunner and Runner's Alley brands
Nike to fully exit Russia
Following Russia's invasion of Ukraine, the US-based sportswear giant halted operations in the country. But now has decided to leave the Russian marketplace for good
JD Sports doubles profit
The retailer posted a record profit before tax and exceptional items in fiscal 2022, as well as revenue growth of 38%, year-over-year, reaching 8.56 billion British pounds (9.95 billion euros)
Gap and Athleta invest in the footwear and apparel start-up Saysh
The San Francisco-based apparel retailer invested 1 million USD in the footwear brand founded by the Olympic medallist Allyson Felix and her brother and business partner Wes Felix
ABL Group acquires sneaker brands Tonakai
The Italian producer of leather goods, owner of the Rebelle handbag brand, has acquired 80% of Tonakai, the fashion sneaker brand founded by Francesco Renna
Columbia Sportswear names Senior VP, Omni Planning and Fulfilment
The US-based sportswear company announced the appointment of François Guillon to the role of Senior Vice President, Omni Planning and Fulfilment. He joins the company from Tiffany & Co
The Athlete’s Foot owner acquires Shoe City
Arklyz announced it is acquiring the Baltimore-based retailer Shoe City and its associated online platform - ycmc.com. With this acquisition, Arklyz expands its portfolio with another Athletic Speciality Footwear & Streetwear Lifestyle Retail Chain
Dick's Sporting Goods posts sales decline
The sporting goods retailer posted a comparable store sales drop of 8.4% in the first quarter of fiscal 2022 over the same period last year, but remains optimistic about its long-term strategy-
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