News Briefs – Page 101
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News briefsLululemon introduces shirts made from plant-based nylon
Lululemon has announced the launch of plant-based nylon products made in partnership with San Diego-based sustainable materials company Geno. Two short-sleeve shirts are the first in a series and part of the activewear company’s commitment to making its business fully sustainable by 2030. Geno and Lululemon used biotechnology and fermentation ...
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News briefsArchroma CEO to step down
Chemical technology expert Archroma has announced its transition plan for the role of chief executive officer. Heike van de Kerkhof, CEO since January 2020, will step down effective April 30, 2023, to pursue other professional opportunities. Mark Garrett, an experienced executive in the industry, will assume the role of interim ...
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News briefsWilson launches the eco-friendly “Gen Green” ball collection
Source: Wilson Wilson Sporting Goods, part of Amer Sports, is introducing the Gen Green collection to celebrate a new generation of the game and their commitment to planet Earth. The Gen Green range comprises basketballs, footballs, volleyballs and soccer balls made from more sustainable materials. The collection ...
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News briefsZalando to test fashion assistant powered by ChatGPT
European online fashion and lifestyle platform Zalando has announced that it will soon launch a beta version of a fashion assistant powered by ChatGPT across its web and app platforms. The OpenAI technology will allow customers to ask questions using their own words, helping them navigate Zalando’s assortment more intuitively. ...
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News briefsSporting goods sales in the U.S. grew 4.3% last year
U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products grew by 4.3 percent in 2022, totaling over $116 billion. This represents the second-largest percentage growth since 2010, although it also marks a pullback from the record performance of 15.8 percent in 2021. These figures were ...
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News briefsHoka launches kids’ footwear
Source: Hoka Hoka Youth Collection Hoka, a division of Deckers Brands, has launched its first-ever footwear collection for children. Designed specifically for young athletes, the “Youth” collection features kid-friendly features, an optimal fit and Hoka’s signature technologies found in its adult products. “You’ll find 100 percent Hoka ...
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News briefsAllbirds expands and extends its credit line
Allbirds reported in a regulatory filing that it has entered into an amendment credit agreement with its lender, JPMorgan Chase, that increases the committed amount from $40 million to $50 million. In addition, the amended terms include an increase in the uncommitted additional borrowing capacity from $35 million to $50 ...
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News briefsFarfetch hires new CMO
Farfetch, an Internet platform for luxury goods, announced that Nick Tran has joined the company as chief marketing officer. Tran will be based in London and will report to chief marketplace officer, Edward Sabbagh, and will oversee all global marketing functions for Farfetch Marketplaces. Tran brings more than 20 years ...
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News briefsStella Intl. Q1 sales hurt by lower shipments but ASP improves
Hong Kong-based Stella Intl. Holdings Limited suffered a nearly 26 percent drop in Q1 revenues to $277.4 million from $374.6 million. Year-over-year footwear shipments declined by 31 percent to 9.6 million pairs from 14.0 million in the year-ago period as certain sport and casual customers pulled back on ordering to ...
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News briefsLi Ning updates Q1 results
Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, rose by mid-single-digits year-over-year in Q1. The result was bolstered by high-single-digit growth in the offline channel and a mid-teens increase in the retail direct business. Q1 revenues to franchised distributors improved by a mid-single digit as the e-commerce ...
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News briefsJD Sports creates new global leadership position
JD Sports appointed Michael Armstrong to the newly created position of global managing director to drive growth and advance expansion plans internationally, particularly in the North American and European markets, to become the “leading global sports-fashion powerhouse.” Armstrong will work under CEO Régis Schultz to oversee JD’s strategic direction, business ...
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News briefsAmer appoints new group CFO
Source: Amer Sports Andrew Page Andrew Page has been appointed group CFO of Amer Sports and a member of the executive committee, effective April 20. Page reports to chairman and CEO James Zheng. He comes with three decades of leadership experience in finance and accounting. After starting ...
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News briefsFrench courts to decide Go Sport’s fate
According to multiple sources in the French press, the fate of Go Sport and its parent, Groupe Go Sport, lies in the hands of the commercial court of Grenoble, the city for which the sporting-goods retailer is named (Grenoble Olympique Sport). Go Sport’s owner Hermione, People & Brands (HPB) has ...
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News briefsTwitter top sports executive steps down
TJ Adeshola, head of global content partnerships at Twitter, has announced that he is leaving the social media company after more than a decade. Adeshola was in charge of establishing relationships between Twitter and sports leagues and brands. He joined Twitter as a senior account manager in August 2012 before ...
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News briefsDecathlon extends partnership with food co-op VéGé in Italy
Decathlon has confirmed its partnership with VéGé Group, an Italian food cooperative, on a national project to support amateur sports associations. The project, which was first launched in 2022, provides financial support for clubs, gyms and sports associations, with the objective to supply sports apparel and equipment for amateur sports ...
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News briefsCeferin re-elected as UEFA president
Aleksander Ceferin was re-elected as UEFA president by acclamation at the 47th Ordinary UEFA Congress, which was held in Lisbon on April 5. Ceferin, a 55-year-old Slovenian lawyer, will serve a further four-year term, his third as president of the continental sport governing body. Ceferin’s election did not come as ...
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News briefsNike’s .SWOOSH platform drops first virtual collection
Source: Nike .Swoosh OF1 poster Nike has announced the launch of the Our Force 1 (OF1) collection, co-curated by the .SWOOSH community and built for the digital generation. Last November, Nike launched its new digital member platform for virtual creations called .SWOOSH. The platform, which has since ...
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News briefsFor now, chain in Madrid to expand only online
The watchwords for this year at Deportes Halcón are recovery and stability. CMDsport has spoken with its director of finance and marketing, Sandra Benito, according to whom sales for first-quarter 2023 at the four-store chain in Madrid are more or less flat. “The market,” she says, “is not easy.” Suppliers ...
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News briefsOrthoLite Cirql hires director of development and commercialization in Vietnam
OrthoLite, a manufacturer of branded footwear with high performance, sustainability and comfort, has announced Marc Kronenberg as director of development and commercialization for OrthoLite Cirql™. OrthoLite Cirql is a plastic-free, recyclable, biodegradable and industrially compostable foam technology for footwear and a patented footwear solution that enables brands and factories to ...
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News briefsShiffrin listed in Time’s 100 most influential people of 2023
After surpassing Ingemar Stenmark’s 1989 record for the most Alpine World Cup victories ever to become the most successful skier of all time (or the sport’s “GOAT”) in March, American skier Mikaela Shiffrin has now been named one of Time’s 100 most influential people of 2023. Source: Team ...
