Blog: Will Adidas realign its strategy?
Leonie Barrie | 27 October 2014
Speculation emerged last week that a group of investors is planning to bid for Adidas Group's Reebok unit, and that a likely sale would enable the German sportswear giant to realign its strategy as a fitness and lifestyle brand.
The group is said to be preparing an offer worth $2.2bn - a long way short of the $3.8bn paid by Adidas for Reebok in 2006. While some believe the deal may appease Adidas investors looking for some quick and easy liquidity, others note there are also signs that Reebok's fortunes may be picking up.
Problems are continuing to escalate for troubled retail giant Tesco, which has reported a 92% drop in first-half profit, a wider than expected accounting error, and the departure of its chairman. But can Tesco now draw a line under its darkest days, and how fast a turnaround, if any, is likely?
In Cambodia, at least eight workers were injured at the Nishiku Enterprise clothing factory after part of the ground floor collapsed. An initial risk inspection suggests structural issues were to blame.
The incident occurred as a new report said transparent reporting of garment factory compliance in Cambodia is continuing to help to improve conditions for workers.
And "a lot of work still remains to be done" to improve worker rights and factory safety in Bangladesh's ready-made garment and knitwear industry, according to the latest stakeholder review into government efforts.
Separately, a World Bank report also notes that more work is needed to reform Bangladesh's apparel industry if the country's exports are to grow.
New figures released in the UK show that productivity - and wages - in the textile, clothing and leather goods sector is lagging that of other manufacturing industries, as it struggles to recover the strong growth seen prior to the economic downturn.
Leading international brands including H&M, Eddie Bauer, The North Face and Marmot have committed to using responsibly sourced and traceable down in their products. The North Face has committed to 100% certified and responsibly sourced down across all lines by 2017, while others say they will introduce it into their products from autumn 2015.
Spanish fashion retailer Mango might have its roots firmly in Europe, but is on a growth trajectory globally. just-style spoke with managing director Enric Casi and Jose Gomez, VP of international business development, about what the future holds and the challenges of operating in today's changing retail environment.
And as innovation becomes something of a buzz-word across the apparel industry, David Birnbaum warns there are lessons to be learned as firms move to set up in-house innovation centres.
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
The Bangladesh government has responded to pressure over its crackdown on labour activists after a number of global brands and retailers pulled out of this week's Dhaka Apparel Summit in protest....
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Apparel maker Gildan Activewear has booked a rise in both earnings and revenue in its fourth-quarter, thanks to growing sales in its printwear and branded apparel businesses....
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
- China leads US apparel sources with falling prices
- Hard hit Turkish industry is not knocked out
- Vietnam grows share of US apparel imports in 2016
- "Power of the many" drives change at Otto Group
- US apparel sector braces for potential cost hikes
- US Q4 in brief – Foot Locker, Nordstrom, Carter's
- Bangladesh crackdown has cost garment sector $100m
- Adidas and Burberry recognised for sustainability
- Inditex and H&M boycott Dhaka Apparel Summit
- Macy's will "do the right thing", says Lundgren
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022