Latest Headlines – Page 34
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ArticleHave NFT-issuing sports brands entered a new business?
BlockFi, OpenSea, Coinbase, Binance, FTX, Ripple, Impact Theory, Grayscale – all of them companies that have undergone investigation and government-initiated lawsuits over the past couple of years. The land of crypto, where sports brands have begun to tread over the past few years, is a land of confusion, and not ...
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ArticleNew study quantifies snow supply risk in European ski resorts due to climate change
The mountain snow cover is decreasing due to global warming at a rate that varies based on elevation and geographical location. A new study published in Nature Climate Change on Aug. 23 has quantified the snow supply risk to ski tourism throughout Europe that derives from climate change. Without snowmaking, ...
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ArticleWolverine sells Hush Puppies IP in China, divests US leather business
Wolverine World Wide, Inc. announced additional steps in the ongoing streamlining of its brand portfolio, including the sale of Hush Puppies intellectual property in China, Hong Kong and Macau, and the sale of its US Wolverine Leathers business. The portfolio transformation is expected to help the company become more efficient, ...
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ArticleMips invests in US sensor company
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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ArticleLululemon raises FY outlook; will aim to accelerate its unaided brand awareness
Lululemon, with so many aspects of its balanced approach moving ahead positively, wants to grow its unaided consumer brand awareness around the globe. The company, while keeping its marketing spend “relatively stable,” intends to make further brand investments in H2 that will focus on digital media, in-store and targeted television ...
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ArticleGreenpeace calls TotalEnergies’ sponsorship of Rugby World Cup in France “sportswashing”
Greenpeace has denounced the sponsorship of fossil fuels in the world of sport with the release of a distressing video showing the Stade de France being drowned in a flood of petroleum. The video, aimed specifically at French oil giant TotalEnergies, seeks to denounce the sponsorship of major fossil fuel ...
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ArticleKlarna’s losses narrow
Swedish payment and shopping service provider Klarna’s total revenue for the second quarter was 5.5 billion Swedish krona (€464.6m), up 17 percent year-on-year, with a loss of SEK 0.9 billion (€76.0m), compared to SEK -3.8 billion a year earlier. “A year ago, we promised to become profitable again, and ...
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ArticleOn officially announces entry into tennis category ahead of US Open
Source: On Tennis star Roger Federer joined On in 2019 Following its sixth consecutive quarter of record-breaking growth, Swiss sportswear brand On celebrated its entry into tennis last week with a community-focused event at Fort Greene Park in Brooklyn, New York. On Aug. 23, just days before ...
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ArticleRussia confirms plans for BRICS Games in 2024
The Russian President has confirmed the organization of the BRICS Games in 2024. BRICS is a political alliance comprising Brazil, Russia, India, China and South Africa. The BRICS Games is an annual multi-sport event organized by the countries of the alliance. The event is usually organized by the country that ...
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ArticleDecathlon Germany's boss promoted to run Central, Eastern and Southeastern Europe
Decathlon, the sporting goods manufacturer and retailer with headquarters in France, has appointed André Weinert as its new CEO for Central, Eastern and Southeastern Europe. With immediate effect, the former CEO of Decathlon Germany thus assumes responsibility for 17 countries in which Decathlon is represented. Source: Decathlon ...
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ArticleDecathlon UK continues to grow despite challenging economic conditions
Decathlon has announced its 2022 full-year results for the UK, showing a 6 percent increase in sales despite the pressure of double-digit inflation across Europe, as the company continues to invest heavily in developing its business model. While consumer confidence hit its lowest level in 40 years, Decathlon UK increased ...
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ArticleCrisis shapes Russian sporting goods retail
Russian sporting goods retail underwent tectonic changes as several of the world’s leading brands pulled out from the country, and numerous businesses struggled to fill the gap, a marketing study conducted by the Moscow-based consultancy Retailer showed. Adidas, Nike, Reebok and Decathlon’s departure from Russia triggered a 40 percent slump ...
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ArticleNew digs for a Spanish court manufacturer
AFP Courts is hastening to complete a project that – to the exclusion of raw-materials procurement – will focus its entire operation at a single site, according to CMDsport. Situated in Barcelona, the facility encompasses 10,500 square meters, with 3,500 going towards the factory and the remaining 7,000 towards a ...
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ArticleTangshan Sanyou pledges to increase production of low-carbon fibers
Leading man-made cellulosic fiber (MMCF) manufacturer Tangshan Sanyou, textile-to-textile recycling company Renewcell and environmental non-profit Canopy announced at the Shanghai Yarn Expo their joint commitment to increase production of circular, eco-friendly MMCF from recycled textiles in China. Sanyou has committed to increasing the production of low-carbon circular fiber up to ...
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ArticleBaozun acquires intellectual property rights to Hunter for China, Southeast Asia distribution
Authentic Brands Group (Authentic) has announced a partnership with Baozun Inc. for the British heritage brand Hunter, famous for its iconic Wellington boots. Through Authentic’s newly formed subsidiary ABG Hunter LLC, Baozun and Authentic are entering into a joint venture for the brand in Greater China and Southeast Asia, under ...
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ArticleAtobi and Asics announce strategic partnership
Atobi, provider of the Real-Time Retail Execution Platform, which enables brands and retailers to optimize collaboration and deliver exceptional brand experiences, has announced a strategic partnership with Asics. This development follows Atobi’s recent VC funding of €3.8 million, which will support further expansion beyond the company’s existing clients, such as ...
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ArticlePerformance Days expands product range and exhibition space
Visitors to the upcoming winter edition of Performance Days in Munich can look forward to some new features. These include a larger exhibition area, expanded from one to two halls, to accommodate the brand-new footwear segment. In addition to the new footwear area, the second hall will also house the ...
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ArticleWomen’s Sports Alliance brings industry leaders to new advisory board
The Women’s Sports Alliance (WSA), headquartered in Worcester, England, has announced its new Advisory Board after bringing together leading experts from across the sports industry to promote women’s sports and advance gender equality. The combined expertise and commitment of the Advisory Board members underscores the WSA’s commitment to advancing the ...
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ArticleSaucony announces product sustainability goals
Performance running lifestyle brand Saucony, part of Wolverine Worldwide and celebrating its 125th anniversary this year, has announced a major step in its sustainability journey, aiming to have 90 percent of its products made from organic, recycled or renewable materials by 2025 and 100 percent by 2030. With the launch ...
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ArticleFoot Locker committed to Lace Up strategy despite current challenges
Faced with persistent store traffic and conversion challenges, a promotional landscape, and an 11 percent year-over-year increase in inventories, Foot Locker has lowered its financial outlook for the remainder of the FY and paused its dividend for shareholders as it works to get better positioned for the upcoming holiday season ...
