Latest Headlines – Page 62
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ArticlePeloton’s ride to breakeven cash flow results in more layoffs
In an effort to continue to drive the business forward and achieve cash flow breakeven by the end of the current FY23, Peloton is laying off more employees. On Oct. 6, the connected fitness company announced another round of job cuts, the fourth in 2022. The latest action – the ...
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ArticleUnder Armour announces changes to leadership team
Under Armour announced that David Baxter and Mehri Shadman will join the company’s leadership team, effective Oct. 24. Baxter will assume a regional leadership role as president of the Americas, succeeding Stephanie Pugliese, who will step down from her role and leave the company. Pugliese will remain until early 2023 ...
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ArticleFila and the Shakur Estate release a special-edition collection of footwear, apparel and accessories
In collaboration with the Shakur Estate, Fila has released a special-edition collection of apparel, accessories and footwear in honor of the legendary musician. This is the first exclusive footwear collaboration between the Estate and Fila. Tupac Shakur was a cultural icon with an enduring influence that transcended music. Style was ...
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ArticleiFIT has a new CEO
U.S.-based global fitness subscription technology company iFIT, Inc. has a new chief executive in Kevin Duffy, effective immediately. His appointment follows the hiring of Dale R. Gerard as chief financial officer and Andy Donkin as chief customer officer in June and August 2022, respectively. The search for a new CEO ...
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ArticleAthleta partners with thredUP and Shop Premium Outlets to offer new online shopping experiences
Athleta, The Gap, Inc.-owned women’s active and wellness brand, has announced a new partnership with thredUP and an online collaboration with Shop Premium Outlets, both in the U.S. and supporting Athleta’s long-term growth strategy to reach new customers and expand its community of “empowered women and girls.” Athleta launches ...
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ArticleEurostat reviews EU sports employment
The number of people employed or self-employed in the EU’s sports sector has recovered since the dip occasioned by lockdown policies, according to a recent report in late September by the EU’s statistical body, Eurostat. That number is back to 1.37 million, as in 2019. It was down to 1.31 ...
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ArticleSporting goods industry stocks down in Q3
According to SGI Europe’s quarterly study of 40 select sporting goods industry stocks, the drop was less than in Q1 (-16.25%) and Q2 (-14.79%) but marked the third consecutive quarterly decline for the segment. But the results were mixed, as the stock prices of 19 companies – led by Xtep ...
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ArticleConsumer confidence at historic lows in Europe
Consumer confidence has taken a dive in Europe. The European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN) has produced a flash estimate for September, according to which the indicator has “resumed its steep downward trend, dropping by 3.5 points in the EU and 3.8 points in the euro ...
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ArticleNike addressing excess inventory; Q1 Ebit falls 13 percent
Nike, ever bullish on its digital approach, is facing an excess-inventory dilemma, contracting gross margins and persistent currency headwinds as it moves into the holiday season. The scenario emerged as the group reported a 22 percent decline in Q1 net income to $1,468 million from $1,874 million for the period ...
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VF Corp. sets initiatives for brands to reach FY27 targets
This is how VF Corp. wants to reach its growth targets for 2027 in challenging times.
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ArticleVF Corp. maps out growth strategy, trims FY23 outlook
EMEA plays a key role in the company’s growth strategy.
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ArticleUnder Armour releases 2021 Sustainability & Impact Report
Under Armour has released its 2021 Sustainability & Impact Report, which outlines a new sustainability framework, goals and targets. The report, aligned with the industry standards of the Global Reporting Initiative (GRI) and Sustainable Accounting Standard Board (SASB), outlines 23 goals and targets in three categories: Products, Home Field, and ...
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ArticleMicrosoft survey sees managers mistrusting hybrid working models
The vast majority of managers have difficulty trusting the productivity of their employees in hybrid work models.
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ArticleFESI releases manifesto to promote physical activity among young girls
FESI and its members shed light on three key barriers to girls’ participation in sport: body image, access to sports facilities and a culture dominated by men
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Article74 percent of post-consumer textile in Europe is recyclable
A report titled Sorting for Circularity Europe provides key findings for a more circular use of textiles.
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ArticleAmazon Marketplace reports significant growth in Germany
According to Amazon, small and medium-sized retailers in Germany sold around 750 million products via Amazon Marketplace in 2021. With a population of around 83 million people, that would amount to almost ten products per person. In 2020, the figure was still around 100 million products lower. According to Amazon’s ...
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International is important cog in Columbia’s growth plan
Columbia Sportswear unveiled a three-year financial target plan last week that calls for potential double-digit growth on its profit & loss statement that will be driven by sales gains outside its home U.S. market, footwear and digital. In FY22, the company confirmed a guidance call for 10 to 12 percent ...
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ArticleCorona regulations eased in additional countries
Even though Covid-19 infections are not steadily declining worldwide, travel restrictions continue to be relaxed in many countries.
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ArticleEurobike 2023 offers exhibitors three-day B2B participation
Following this year’s Eurobike premiere in Frankfurt, organizer Fairnamic is already setting the course for Eurobike 2023 (June 21-25). In addition to the previous hall and open-air site participations, the organizer will offer for the first time – and “geared to the specific needs of exhibiting companies” – a booth ...
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ArticleJD takes cautious view on H2, encouraged by European recovery
JD Sports Fashion reported an 11.4 percent decline in profit before exceptional items and taxes to 418.1 million pounds (€478.3m) for the first half ended July 31. Total period revenues increased by 13.7 percent to £4,418.1 million (€5.1bn) from £3,885.8 million, as total sales growth in organic retail businesses rose ...
