Major global brands Nike, H&M, Burberry and Gap have signed up to an initiative that aims to improve the industry's record on sustainability after a study found less than one percent of clothing is recycled.
Amidst internal struggles and executive exits due to improper workplace conduct, Nike announced it has appointed Rosemary St. Clair as VP, GM of global women’s and Cesar Garcia as VP, GM global running.
Superdry powered ahead again in its latest year but Q4 proved challenging on the store front as snow kept shoppers at home. Yet the company remains in robust good health with more strong growth forecast this year.
It looks like times were tough for Japanese sports giant Asics during Q1 as the company’s consolidated net sales and profits were down. But at least the percentage profits fall was less than the sales drop.
Adidas CEO Kasper Rorsted said on Thursday that the firm expects sales growth to “normalise” this year after two years of strong expansion, and that it will continue its footwear sourcing shift from China to Vietnam.