Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Eden Park, the high-end French label inspired by rugby, has launched an online store dedicated to the United States. The e-tail store marks a first step by Eden Park into the sportswear market in the US.
Adidas and Allbirds are partnering “to push the boundaries of sustainability by setting out to accomplish something that has never been done before: a sports performance shoe with the lowest carbon footprint”.
The Birmingham, Alabama-based sportswear retailer reported a 21.4% decrease in net sales for the first quarter on Tuesday, as a peak in online revenues helped to temper declines related to temporary store closures.
The US sport retailer’s sales plummeted in the quarter which ended on May 2, falling by 43%. Stores are gradually reopening, but a major overhaul is on the cards, including closure of the Runners Point chain in Germany.
Frasers Group finance chief Chris Wootton has slammed the UK government for its handling of the coronavirus crisis and store reopening plans from a business viewpoint as a two-week opening delay means more lost sales.
Nordic sporting goods retailer XXL is bringing back its furloughed employees in Norway and Finland as demand rebounds after the coronavirus downturn that began in March, the Oslo-listed company said on Tuesday.