More about brands – Page 138
-
News briefs
Macron signs six-season kit deal with Sampdoria
Macron will replace Joma as the new kit supplier of Sampdoria, the Italian football club that competes in Serie A. The new six-year contract will debut in the 2020/21 season. The Italian sportswear company, based near Bologna, will supply all the technical products for the team and staff as well ...
-
News briefs
New Era to make headwear for England Rugby
New Era has signed a four-year deal to produce headwear for England Rugby (RFU). The first line of caps – making its debut on both websites of the brand and the team on Aug. 7 – will display RFU’s red rose emblem and come in the 9FORTY adjustable and 9FIFTY ...
-
ArticleAdidas ends in the red, sees upside
The German sportswear giant posted an operating loss of €333 million, compared with an operating profit of €643 million a year earlier, due to several coronavirus-related charges. These were mainly due to increased inventory and bad debt allowances, as well as impairment charges for retail stores and the Reebok trademark, ...
-
ArticleWolverine’s online sales jump by 96%
Wolverine Worldwide posted better-than-expected sales in the second quarter, as the impact of the coronavirus-related retail lockdown was partly offset by a growth of 96 percent in the group’s own e-commerce operations, representing more than 40 percent of revenues during the period. Merrell, Saucony and work footwear brands like Wolverine ...
-
ArticleAcushnet’s sales fall by 35%
Acushnet, the American golf company controlled by Fila Korea, had a difficult start to the second quarter, but it witnessed a recovery in sales after lockdown eased and demand for golf products picked up again. Following the re-opening of its production facilities and distribution centers in late May, the company ...
-
ArticleFitbit’s Q2 sales fall as Covid-19 hits demand; EU probes Google merger
Fitbit reported a fall in second-quarter sales as demand for its devices slumped and warned the coronavirus pandemic would have a negative effect on full-year earnings. Second-quarter revenue fell 16.7 percent to $261.3 million, driven by a 30 percent decline in device sales. The wearable technology maker, which is preparing ...
-
ArticlePandemic harms American Apparel owner Gildan in Q2
Sales at Gildan Activewear, a Canadian group that bought American Apparel in early 2017 and sells a range of apparel products in North America, Europe, the Asia-Pacific, and Latin America, plunged in the second quarter as the company swung to a net loss, reflecting the impact of the coronavirus pandemic ...
-
News briefs
Nike to lay off 500 at its headquarters
Nike will be laying off 500 or more employees – some executives included – from its headquarters. Among them will be executives and the 192 employees of several company-run nurseries. To this end the company has filed a Worker Adjustment and Retraining Notification Act notice with the state of Oregon. ...
-
News briefs
Rorsted to head Adidas for another five years
The supervisory board of Adidas has extended Kasper Rorsted’s term as chief executive officer by five years – through July 31, 2026. Rorsted joined the company’s executive board in August 2016 and became CEO two months later. Meanwhile, Thomas Rabe will be moving up from deputy chairman to chairman of ...
-
ArticleAlpargatas thrives abroad in a challenging context
Despite the economic impact of the coronavirus pandemic, Alpargatas, the parent company of Havaianas and Osklen, managed to grow its revenues outside the domestic Brazilian market in the second quarter. Overall sales declined by 19.6 percent to 680.5 million Brazilian reais (€108.6m-$128.6m), while the gross margin expanded by 2.1 percentage ...
-
News briefs
Nike has a new diversity director
Kellie Leonard, Nike’s director of diversity and inclusion since the creation of this position in 2018, is stepping down, leaving the company. She will be replaced by Felicia Mayo, who assumes the newly coined title of chief talent, diversity and culture officer, leading a newly formed team. Mayo joined Nike ...
-
ArticleUnder Armour posts heavy losses
Under Armour unveiled poor results for the second quarter, recording a net loss of $182.8 million, compared with a net loss of $17.3 million for last year’s corresponding period, as sales tumbled by 41 percent due to store closures related to the pandemic. About 80 percent of points-of-sale worldwide were ...
-
News briefs
Anta launches Olympic collection
Anta Sports has launched a collection of licensed sportswear for the Beijing 2022 Winter Olympics and Paralympics. The collection was presented in Shanghai on July 27. The Chinese sportswear firm was appointed the official sports apparel partner of Beijing 2022 in 2017, and also has an agreement with the International ...
-
News briefs
Nike releases “You Can’t Stop Us” spot
Nike has just released “You Can’t Stop Us,” the third film in the brand’s campaign of the same name. The spot celebrates sport as a source of inspiration despite closed gyms and empty stadiums. Narrated by American soccer star Megan Rapinoe, the film features a group of everyday and elite ...
-
News briefs
Nike pledges tens of millions for social justice
On behalf of its Nike, Jordan and Converse brands, Nike has pledged to invest $40 million over the next four years in organizations working in social justice, education and economic empowerment. The company announced on June 5, for starters, that it would be conferring three grants of $1 million to ...
-
News briefs
Asics develops face mask for runners
At its Institute of Sport Science (ISS) in Kobe, Japan, Asics has developed a face mask to enable runners to run hard and still breathe well. The Asics Runners Face Cover keeps the air flowing with vents, a curved structure, and a fabric that dries quickly and can withstand washing. ...
-
ArticleVF expects some improvement in the second quarter
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
-
ArticleHoka One One’s momentum saves Deckers Brands’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...
-
News briefs
WFSGI proposes task force for digitalization of product labels
In a letter to its members, the World Federation of the Sporting Goods Industry (WFSGI) has announced the creation of a “Digitization of Product Information” task force, co-chaired by Decathlon and VF Corporation and aiming to promote digital labelling and best practices within the sporting goods industry. On the basis ...
-
News briefs
Macron announces new kit sponsorship deals in football and women’s volley
Macron, the Italian sportswear company based in Bologna, has announced new technical sponsorship deals with Wisla Kraków, Calcio Padova and Volley Bergamo. All three deals start from the 2020/21 season. Wisła Kraków is a Polish football club based in Kraków. The team plays in the top level of the Polish ...
