March 25, 2021
Western brands are facing pressure from the Chinese government and social media scorn from consumers there for refusing to use cotton sourced from the Xinjiang region over allegations of genocide and forced labor.
Adidas named outdoor as one of the five key categories in its Own the Game five-year plan, despite having a relatively small presence in a segment now dominated by brands like The North Face, Patagonia and Arc’teryx.
The pandemic turned the sporting goods industry on its head in 2020, but the final tally was ultimately pretty flat, with total sports equipment, apparel, licensed merchandise and footwear sales up 0.6% from 2019 to $96,493 million, according to the new Manufacturers’ Sales by Category report from the SFIA.
Asics’ Accelerator Program selected four startups’ collaboration proposals at its demo day, based on vision and feasibility, and following the theme “Sound Mind, Sound Body.”
The apparel company and beer giant have reached a settlement over Patagonia’s 2019 lawsuit over “Patagonia” beer with a label that evoked its mountain silhouette logo.