Performance Apparel Markets: Business Update, 3rd Quarter 2012 Edition
This report provides information, analysis and valuable insight on developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; company strategies; corporate social responsibility (CSR); financial results; joint ventures, cooperation, licensing and distribution; legal issues; manufacturing facilities; new stores; online retailing; recycling; research and development (R&D); and research facilities. Companies, organisations, brands and events examined in this report include Adidas Group, Beyond Surface Technologies, China Chemical Fibers Association (CCFA), Columbia Sportswear, Cornell University, Defense Advanced Research Projects Agency (DARPA), Dick's Sporting Goods, G-III Apparel Group, Invista, Jack Wolfskin, Jinggong Holding Group, JJB Sports, Nike, Perry Ellis International, PT Kizone, Puma, Quiksilver, Sports Direct, Swire Resources, Teijin, The Sustainable Apparel Coalition, The University of Manchester, The Wyss Institute, Under Armour, Unifi, VF Corporation, Vilebrequin and Zheijiang Jiaren New Materials Co.
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
G-III APPAREL GROUP HAS ACQUIRED THE LUXURY SWIMWEAR BRAND VILEBREQUIN FOR EURO85.5 MN (US$106.2 MN)
JJB SPORTS HAS ENTERED INTO ADMINISTRATION
Teijin Limited will merge its NI Teijin Shoji and Teijin Fibers Divisions and launch a new company called Teijin Frontier
COMPANY STRATEGIES
VF Corporation has unveiled a new growth strategy for its Asia-Pacific business
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Jack Wolfskin has joined the Zero Discharge of Hazardous Chemicals (ZDHC) programme
The Sustainable Apparel Coalition has launched the Higg Index
FINANCIAL RESULTS
Adidas
Second quarter 2012
First half of 2012
Columbia Sportswear
Second quarter 2012
First half of 2012
Nike
Perry Ellis International
Outlook
Puma
Second quarter 2012
First half of 2012
Quiksilver
Under Armour
Unifi
Fourth quarter 2011/12
2011/12
VF Corporation
JOINT VENTURES, COOPERATION, LICENSING AND
DISTRIBUTION
Columbia Sportswear and Swire Resources have formed a joint venture company in China
Cornell University has ended its licensing agreement with Adidas after Adidas refused to contribute to severance pay for Indonesian factory workers
The University of Manchester and Beyond Surface Technologies have entered into a licensing agreement to commercialise a new formaldehyde-free finishing technology
LEGAL ISSUES
Nike has been granted an interim injunction against Adidas for patent infringement
MANUFACTURING FACILITIES
Adidas will close the only sportswear factory it owns in China
NEW STORES
Puma has opened its first sustainable Puma store worldwide in India
ONLINE RETAILING
Quiksilver has launched an online store in ten European countries
RECYCLING
Teijin Group and Jinggong Holding Group have formed a joint venture company in China to establish a closed-loop recycling system for polyester
RESEARCH AND DEVELOPMENT (R&D)
The Wyss Institute has received US$2.6 mn in funding from the Defense Advanced Research
Projects Agency (DARPA) to develop a smart suit for soldiers which improves physical endurance
2RESEARCH FACILITIES
Invista has established its first textile research centre in mainland China
ACQUISITIONS, DIVESTMENTS AND MERGERS
G-III APPAREL GROUP HAS ACQUIRED THE LUXURY SWIMWEAR BRAND VILEBREQUIN FOR EURO85.5 MN (US$106.2 MN)
JJB SPORTS HAS ENTERED INTO ADMINISTRATION
Teijin Limited will merge its NI Teijin Shoji and Teijin Fibers Divisions and launch a new company called Teijin Frontier
COMPANY STRATEGIES
VF Corporation has unveiled a new growth strategy for its Asia-Pacific business
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Jack Wolfskin has joined the Zero Discharge of Hazardous Chemicals (ZDHC) programme
The Sustainable Apparel Coalition has launched the Higg Index
FINANCIAL RESULTS
Adidas
Second quarter 2012
First half of 2012
Columbia Sportswear
Second quarter 2012
First half of 2012
Nike
Perry Ellis International
Outlook
Puma
Second quarter 2012
First half of 2012
Quiksilver
Under Armour
Unifi
Fourth quarter 2011/12
2011/12
VF Corporation
JOINT VENTURES, COOPERATION, LICENSING AND
DISTRIBUTION
Columbia Sportswear and Swire Resources have formed a joint venture company in China
Cornell University has ended its licensing agreement with Adidas after Adidas refused to contribute to severance pay for Indonesian factory workers
The University of Manchester and Beyond Surface Technologies have entered into a licensing agreement to commercialise a new formaldehyde-free finishing technology
LEGAL ISSUES
Nike has been granted an interim injunction against Adidas for patent infringement
MANUFACTURING FACILITIES
Adidas will close the only sportswear factory it owns in China
NEW STORES
Puma has opened its first sustainable Puma store worldwide in India
ONLINE RETAILING
Quiksilver has launched an online store in ten European countries
RECYCLING
Teijin Group and Jinggong Holding Group have formed a joint venture company in China to establish a closed-loop recycling system for polyester
RESEARCH AND DEVELOPMENT (R&D)
The Wyss Institute has received US$2.6 mn in funding from the Defense Advanced Research
Projects Agency (DARPA) to develop a smart suit for soldiers which improves physical endurance
2RESEARCH FACILITIES
Invista has established its first textile research centre in mainland China
LIST OF TABLES
Table 1: Adidas: breakdown of revenues by brand, 2 qtr 2011 and 2 qtr 2012
Table 2: Adidas: breakdown of revenues by region, 2 qtr 2011 and 2 qtr 2012
Table 3: Adidas: breakdown of revenues by brand, Jan-Jun 2011 and Jan-Jun 2012
Table 4: Adidas: breakdown of revenues by region, Jan-Jun 2011 and Jan-Jun 2012 List of figures
Figure 1: Nike Flyknit shoe
Figure 2: Adidas adizero Primeknit shoe
Table 1: Adidas: breakdown of revenues by brand, 2 qtr 2011 and 2 qtr 2012
Table 2: Adidas: breakdown of revenues by region, 2 qtr 2011 and 2 qtr 2012
Table 3: Adidas: breakdown of revenues by brand, Jan-Jun 2011 and Jan-Jun 2012
Table 4: Adidas: breakdown of revenues by region, Jan-Jun 2011 and Jan-Jun 2012 List of figures
Figure 1: Nike Flyknit shoe
Figure 2: Adidas adizero Primeknit shoe