Sportswear
JD Sports Chairman steps down
The UK-based retailer has announced that the Executive Chairman Peter Cowgill, who has been leading the company since 2004, will stand down effective immediately
Puma with new Chair of Supervisory Board
The sporstwear giant has nominated Héloïse Temple-Boyer its new Chair of the Supervisory Board. She is taking over from Jean-François Palus
Under Armour CEO steps down
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
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
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
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
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
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
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
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
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
The performance apparel company will release four running shoe models specially designed for women first throughout 2022
adidas reports strong growth
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
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
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-
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