One of the world’s largest sporting goods retailers is considering shifting production into China, just as brands including Nike and Adidas move production out of the country in response to US tariffs.
Intersport International’s new chief executive Tom Foley told the Financial Times that the group is considering sourcing a greater proportion of its private label goods — which accounted for about €1.4bn of revenues last year — from China.
The deliberations come as US sports brands shift production away from China to countries in south east Asia, such as Bangladesh, where tariff rates are lower. Chinese manufacturing activity contracted for the fourth straight month in July.
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