Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.
Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.
There was good growth, too, in North America, an increase of 11.7% to reach almost €2.4 billion. This helped compensate for a decline of 1.7% in sales in Europe, which fell to just under €3 billion. Buoyed by China, the figure for Asia-Pacific was just over €4 billion.
Mr Rorsted said the group remains confident about achieving further growth in the second half of 2019.
Courtesy: Sports Textiles
Materials start-up Ecogenesis Biopolymers has introduced a new thermoplastic polyurethane (TPU) filament for 3D printing that is derived from plants.
Loop Industries has announced a multi-year supply agreement with Nike, under which Nike will become a major customer of the…
D.O.N Co. Ltd., headquartered in Japan has announced the launch of VITAL BELT, described as the world’s first abdominal belt-type…
The North Face has introduced a new sustainable collection that focuses on everyday essentials designed for use beyond outdoor settings.
Egypt’s textile industry is undergoing one of the most important expansions in its modern industrial history.
Bangladesh’s ready-made garment (RMG) industry has reached a milestone in its sustainability journey by securing 38 new LEED-certified green factories…