Latest Headlines – Page 57
-
ArticleCurrency, inflation weigh on Zumiez results
Zumiez, the global specialty retailer, which sees Europe, Australia, and Canada as its biggest growth areas, suffered a 74 percent drop in operating income to $10.4 million from $39.8 million for the second quarter that ended Oct. 29. Ebit was $9.6 million versus $41.2 million in the year-ago period as ...
-
ArticleFoot Locker continues to restructure its management
With Mary Dillion recently having taken over as CEO, Foot Locker, Inc. has appointed a new EVP/CCO from within its ranks and hired a new COO to help grow the company and improve operational efficiencies. The New York-based sports retailer also announced, among a few other executive changes, that their ...
-
ArticleISPO Munich 2022: Here to stay – and to learn as well
With so much to be said about ISPO and the industry, we’ve gathered some of the comments which capture the mood of ISPO Munich 2022.
-
ArticleWoolmark announces winners of the Performance Challenge Award 2022
At ISPO Munich 2022, The Woolmark Company and Salomon announced the winners, as well as the ten most innovative finalist concepts, for the 2022 Woolmark Performance Challenge, a well-known innovation and ideas program for the sports and performance market. This year’s theme was long-distance mountain running. Students were asked ...
-
ArticleWSFGI elects new board of directors
The World Federation of the Sporting Goods Industry (WFSGI) has elected a new Board of Directors for a three-year term at its General Assembly on Nov. 29, 2022, at ISPO Munich. Andy Rubin, deputy chair Pentland Group Ltd., has been elected the new chair of the board of the WFSGI. ...
-
ArticleConsumer sentiment in Europe improves
Consumer sentiment improved slightly in Germany, France and Italy, the three main economies of the European Union, but consumers remain cautious in a challenging economic environment. In December, German consumer sentiment is expected to rise by 1.7 points to -40.2 points from -41.9 points in November, according to the market ...
-
ArticleOur comprehensive guide to circular business is out now
The circular economy: One of our industry’s most pressing economic, legal, and ethical issues. Our special edition is your in-depth guide.
-
ArticleTextile waste handling: the invisible part of global circular supply chains
It’s no secret that waste represents a huge problem in the apparel industry, but what if we think of this instead as an untapped resource?
-
ArticleCircular economy in the textile industry in pictures
The principles of the circular economy in textile production are counter to the current linear “take-make-waste” process in the textile industry; exploiting resources for manufacture, finite product life, and one which ends with disposal. The circular economy differentiates between two types of circular loops: Biological and technical. In the textile ...
-
ArticleEDM Expert Talk at ISPO Munich 2022
Join us for our expert talk at this year’s ISPO, where we’ll be discussing the future of the circular economy, along with some special guests.
-
ArticleWorld Cup 2022: FIFA expects $6.4bn record revenues
During the month-long 2022 World Cup, the eight kit sponsors want the game to take center stage. FIFA’s decisions could derail that plan.
-
ArticleFoot Locker raises FY outlook, decides to exit some geographies
Citing better-than-expected third-quarter results, plans to further realign its brand portfolio and a strategy to move to 300 non-mall locations by 2024, Foot Locker today raised its full-year outlook. The retailer, which has decided to abandon a fourth quarter entry into Japan and exit joint ventures in Benelux and Eastern ...
-
ArticleAlibaba’s operating income increases 68%
Alibaba experienced a 3 percent jump in revenues to 207.2 billion yuan renminbi (€28.1bn) from RMB 200.7 billion for the period ended Sept. 30. The increase occurred despite the Covid-19 resurgence in China that depressed consumer demand, currency volatility, higher logistics costs and slowing cross-border commerce. China sales fell by ...
-
ArticleRossignol Group plans significantly more revenue, new ESG commitments, novel four-season approach
Source: Rossignol Group Vincent Wauters Under the leadership of Vincent Wauters, president and CEO, who took over the reins of the group in February 2021, the Rossignol Group has announced a new strategic plan called Ascension 2026, according to which the group aims to achieve sales of ...
-
ArticleCreator-guided shopping platform LTK adds first Chief People Officer
Source: LTK Patricia Gonzales, the new CPO of LTK LTK, formerly rewardStyle, a global technology platform that connects creators, brands and shoppers to facilitate commerce online and through the LTK shopping app, has announced Patricia Gonzales as the company’s first chief people officer (CPO). LTK, which calls ...
-
ArticleOn raises outlook again, vows to “protect the position of the brand”
On Holding, after reporting another quarter of strong results, now sees its FY22 revenues growing by 55 percent to 1.125 billion Swiss francs (€1.16b) and its adjusted Ebitda margin hitting CHF 148 million (€152.1m) despite ongoing margin pressure from the combination of a strong U.S. dollar and weak euro. The ...
-
ArticleNike to launch new digital member platform called .Swoosh
Nike has developed a blockchain-based platform to serve as a “home” for all of its virtual creations – that is, “interactive digital objects such as virtual shoes or jerseys” for wearing “in digital games and immersive experiences.” In other words, NFTs. Nike has instituted a blog on ...
-
ArticleNo detailed Singles Day 2022 numbers; Chinese outperform foreign brands in best-selling items
According to a report by Reuters, Chinese consumers tended to opt for relatively inexpensive domestic brands rather than more expensive ones on this year’s Singles Day (Nov. 11), as strict Covid-19 restrictions and economic uncertainty weighed on the shopping spectacle. The shopping day regularly surpasses “Black Friday” and “Cyber Monday” ...
-
ArticlePuma and Foot Locker expand partnership with special collabs for next-gen customers
Following Adidas’ increased collaboration with the retailer after Nike’s gradual exit from Foot Locker earlier this year, Puma is now also massively stepping up its collaboration with the New York-based sports retailer with some promotions designed specifically for a younger demographic. The two companies announced an expanded partnership, highlighted by ...
-
ArticleFila raises revenue guidance but sees operating profits under pressure
Korea-based Fila Holdings raised its guidance for full-year sales following the strong performance of its Acushnet subsidiary and a surge in global royalty revenues in the third quarter but cut its guidance for operating profits amid one-off restructuring costs and margin pressure due to promotional activities resulting from challenging market ...
