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SGI Europe News
- TSG named official volunteer supplier for 2025 Freestyle World Championships 23/04/2024Swiss action sports brand TSG has been unveiled as the official volunteer supplier for the FIS Freestyle World Championships 2025. The company will provide helmets and goggles tailored specifically for the event.
- Li Ning updates on Q1 performance 23/04/2024The Chinese group Li Ning reported a mid-single-digit decline in same-store sales for the period ended March 31. Retail channel comp sales were down by a low single-digit percentage, and wholesale channel sales fell by the mid-teens. Meanwhile, e-commerce virtual stores experienced year-over-year percentage growth in the low-20s.
- Lululemon to close Washington State distribution center, cuts over 100 jobs 23/04/2024On Monday, Lululemon, the Canadian athleisure brand, announced its decision to shut down its distribution center in Sumner, Washington, resulting in the termination of more than 100 employees. The closure, confirmed by a Worker Adjustment and Retraining Notification filed with the state’s employment security department, will see layoffs commencing on ...