Latest Headlines – Page 42
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ArticlePatagonia launches global conservation campaign on World Ocean Day
June 8 is World Ocean Day, a day that should remind everyone of the major role the oceans have in everyday life because they are the lungs of our planet, a major source of food and medicine, and a critical part of the biosphere. Therefore, Our future is closely linked ...
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ArticlePGA Tour, DP World Tour and LIV Golf merge into new commercial entity
The PGA Tour, DP World Tour and Saudi-backed Public Investment Fund (PIF) have announced a “landmark agreement to unify the game of golf on a global basis.” The transformational agreement combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour ...
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ArticleSkechers announces progress on inventory and international business
At Deutsche Bank’s Global Consumer Conference, Skechers told investors that demand, traffic and conversion rates remain healthy. However, the lingering impact of the summer 2022 retail inventory build is still expected to be a headwind for the rest of 2023. The U.S. wholesale market has helped support the bottom line ...
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ArticleRossignol Group strengthens global softgoods division
Source: Rossignol Group Liz Wilson, the new GM of Rossi’s Global Softgoods Division French Rossignol Group has hired Liz Wilson as General Manager of the group’s Global Softgoods Division, an experienced outdoor and active lifestyle expert. Wilson’s extensive professional experience working with leading sports and outdoor lifestyle ...
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ArticleAuthentic acquires intellectual property of Hunter
After several weeks of negotiations, Authentic Brands Group (Authentic) has acquired the intellectual property of Hunter, the British brand known for its iconic Original Wellington boots. With more than 160 years of heritage, the Hunter brand has evolved from a rubber boot to a lifestyle brand offering an extensive footwear ...
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ArticleZumiez sales continue to slip as Europe, Australia outperform
Zumiez sales decreased by a reported 12.8 percent in the four weeks ended May 27 compared to the year earlier, continuing to trend downwards after its top line in the first quarter ended April 29 fell by 17.1 percent to $182.9 million. Management attributed the decrease to a challenging marketplace, ...
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ArticleEU Parliament votes in favor of supply chain act, FESI calls for improvements
With 366 votes in favor of the law and 225 against (38 abstained), the EU Parliament in Brussels voted in favor of the European version of the Corporate Sustainability Due Diligence Directive (CSDDD) on June 1. The EU Parliament wants companies within the EU to be required to more strictly ...
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ArticleLululemon posts strong quarter helped by Greater China
Fueled by a 30 percent increase in traffic, a 79 percent jump in sequential Greater China quarterly sales, and a 430-basis-point improvement in product margin as air freight costs abated, Lululemon Athletica Inc. reported strong Q1 results that exceeded its sales and profit expectations. With the strong showing, the company ...
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ArticleUnions send open letter to Adidas demanding workers be compensated from Yeezy profits
In response to Adidas’ announcement to begin selling off Yeezy products, unions united in the Pay Your Workers - Respect Labor Rights (PYW-RLR) trade union committee have written an open letter to Adidas CEO Bjørn Gulden. In the letter, they support the company’s pledge to donate proceeds from the sale ...
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ArticleFree Webinar: Overcoming wholesale challenges with B2B e-commerce technology
Join Elastic Suite and Active Brands for our next EDM Expert Talk, to discuss how technology can help leading enterprises and industry disruptors overcome challenges in today’s wholesale environment. Technology enables B2B commerce to go from transactional to transformational, bringing shared success to brands, distributors, retailers and the end consumer.
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ArticleU.S. and European e-com aggregators join forces
Source: SellerX SellerX co-founders Philipp Triebel (left) and Malte Horeyseck Berlin-based SellerX has signed an agreement to acquire Austin, Texas-based Elevate Brands, bringing together two major players in the e-commerce aggregator space. Both companies have established themselves as highly trusted and reputable partners for marketplace-based sellers in ...
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ArticleTo reach Gen-Z, Puma releases sustainability report as a podcast
Source: Puma Puma will publish its 2022 Sustainability Report as a podcast series to make it more accessible to a wider and younger audience. The Re:Gen Reports Podcast features representatives of the next generation from six countries. They summarize the content of the report in ten podcast ...
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ArticleWolverine Worldwide appoints new company president and key brand leaders
Wolverine World Wide, Inc. (WWW), owner of lifestyle and footwear brands including Merrell, Saucony, Sperry, Sweaty Betty, Hush Puppies, Wolverine, Chaco and Stride Rite, this week made several executive appointments. The changes were made “to help drive future growth and accelerate its global brand-building efforts” and build on the strategic ...
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ArticleFashion fast and slow, preferably slow
A number of European mayors, many of them attending the latest edition of the ChangeNOW show in Paris, have signed the “Declaration to Drive Sustainable Fashion.” The declaration is an appeal to the EU, the G7 and the OECD to tip the fashion industry’s playing field in slow fashion’s favor. ...
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ArticleMaterialise and Vuzix cooperate in smart glasses
Smart glasses supplier Vuzix and 3D-printing company Materalise have announced the start of their collaboration in the area of consumer smart eyewear, a market that is believed to be on the verge of mass adoption after years of development. As previously reported by our sister publication Eyewear Intelligence, the US-based ...
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ArticleWeSports relaunches Keller Sports, enters partnership with Footway Group
WeSports has completed the acquisition of the trademarks, e-commerce platform and customer database of Keller Sports and KellerX. Facing financial challenges due to the impact of Covid-19, the German Keller Group – then the parent company of Keller Sports, Keller X, Keller Premium and Keller Smiles – filed for insolvency ...
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ArticleSporting Goods 2022 – The top companies worldwide by sales and profit
Our updated 2022 Sporting Goods Scorecard brings you the industry winners, with revenue & profit development of 47 sporting goods companies.
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ArticleNike to transport goods with hydrogen-powered inland container ship
Nike has launched the world’s first hydrogen-powered inland container ship, the “H₂ Barge 1.” The vessel will transport Nike products for Europe and operate between Rotterdam in the Netherlands and Nike’s European Logistics Campus (ELC) in Belgium. Source: Nike H₂ Barge 1 Across Europe, 99 percent of ...
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ArticleLululemon expands global HQ in Vancouver
The Canadian government issued a press release on May 25 stating that “the expansion of Lululemon’s global headquarters in its hometown of Vancouver promises to significantly boost British Columbia’s prosperity.” The release also indicates that the Canadian athleisure brand is committed to growing and investing in the creation of more ...
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ArticleHoka sales up 20% in FY24, further supporting Deckers’ growth
Deckers Brands expects Hoka will continue to lead sales growth in the current financial year, forecasting the brand will see a 20 percent increase in its top line after a 58.5 percent jump in the financial year that ended March 31. The majority of Hoka’s growth is expected to come ...
