Sportswear
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
Puma issues downbeat outlook for 2025
The German sportswear company has posted solid sales growth on a currency-adjusted basis and improved our gross profit margin in 2024. However, this is not enough to offset a pessimistic outlook for 2025
Strong full year performance for 361 Degrees
The China-based activewear company has reported a strong performance for the full year 2024, with revenue and profits up by 19.6% and 19.5% respectively on the previous year
Swiss sportswear company On delivers strong 2024 results
The Swiss-based sportswear company delivered a strong 2024 performance, with double-digit net sales growth across channels, regions and product segments
Foot Locker makes profit in the fourth quarter despite lower sales
The US-based sports retailer returned to profit in the fourth quarter of 2024. However, the company’s total sales still fell by 5.8% as compared to the same period of the previous year
Under Armour hires former Estée Lauder executive to lead its AI and analytics efforts
The sportswear company has appointed Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to lead its new artificial intelligence and advanced analytics division
Asics ends 2024 with a strong foothold
The Japan-based sportswear company has reported an 18.9% increase in full year net sales, driven by strong sales across all categories in all major regions and exchange fluctuation rates
Decathlon to open 20 stores in Argentina
The France-based sporting goods retailer plans to open 20 stores in Argentina by 2026. The move marks Decathlon’s return to Argentina after more than two decades of absence
Nikolai Christensen: MOVV aims to build a loyal community of runners by creating products that bring joy and progress
We spoke to Nikolai Christensen, Founder of MOVV, to learn more about his new minimalist and functional Scandinavian footwear venture. We talked about the company’s mission, challenges and recent initiatives
Puma launches efficiency programme after profit miss
After reporting a full year net income below the previous year’s level and below expectations, the German-based sportswear company has launched a cost-efficiency programme
adidas closes 2024 with strong figures
The German-based company has reported strong preliminary figures for the fourth quarter and full year 2024. Shortly afterwards, news of job cuts as part of a restructuring of its headquarters began to appear in the media-
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