News Briefs – Page 103
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News briefsSports sunglasses market to register 7.53% CAGR by 2026
The global sports sunglasses market is projected to grow by US$1.40 billion between 2021 and 2026, representing a CAGR (compound annual growth rate) of 7.53 percent, according to a recent research report by Technavio. The market is driven by the growing popularity of sunglasses among the youth and middle-aged population. ...
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News briefsOn expands Cyclon project to include circular performance T-shirt
Source: On Cyclon-T Swiss brand On has introduced a new product to its circular product portfolio: The Cyclon-T. It can be purchased exclusively through a subscription service called Cyclon in a one-time sale. Just like the fully recyclable Cloudneo performance running shoe, which launched in 2022, the ...
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News briefsBrands4friends to be shut down this June
After Keller Sports, another online pure player is disappearing from the market: As of June 30, the Berlin-based shopping club Brands4friends is quitting operations. According to a report in Internet World, employees were informed about this in a letter from a lawyer. The Brands4Friends shopping club was established in 2007 ...
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News briefsOn’s first Parisian store will be in the Latin Quarter
The first Parisian store of Swiss sportswear brand On will be located at 13 rue Clément, within the Marché Saint Germain, Sport Guide reported. The Marché Saint-Germain, in the heart of Paris’ sixth arrondissement, is a 19th-century market hall designed by one of Napoleon’s architects. The building underwent a major ...
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News briefsChinese firms offer Q1 business updates
Anta Sports Products Limited reported sales increases for all businesses for the period ended March 31. Revenues for Anta branded products rose by mid-single digits year-over-year; Fila brand sales increased by high-single digits year-over-year; and all other brands generated 75 to 80 percent year-over-year sales growth in the period, the ...
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News briefsLacoste teams up with Netflix
Lacoste has introduced an exclusive collaborative collection with streaming platform Netflix that celebrates some of the platform’s shows. Items from Lacoste genderless clothing have been revisited according to the universe of eight Netflix shows, including Stranger Things, Bridgerton, Lupin, Money Heist, The Witcher, Sex Education, Shadow and Bone and Elite. ...
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News briefsKettler expands home fitness equipment rental service
Kettler Sport now offers its “Rent a Kettler” service in Switzerland and Liechtenstein. The service was first introduced in Germany in November of last year. For Switzerland and Liechtenstein, the fitness company is cooperating with RNTL, which has specialized in the logistics and organization of similar rental services since 2020. ...
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News briefsCurry receives $75 million in stock to remain UA ambassador
Stephen Curry received $75 million worth of stock from Under Armour (UA) last week as part of the compensation package following his appointment last week as president of Under Armour’s Curry Brand and his continued role as an ambassador for the company, according to a public SEC filing. The award ...
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News briefsTitleist and Kjus parent Acushnet appoints new EVP/CFO
In an SEC filing dated April 3, 2023, Acushnet Holdings Corp., the parent company of Titleist, Footjoy and Kjus, announced that Sean Sullivan has accepted an offer to become executive vice president and chief financial officer of the company. Sullivan is expected to be appointed to this position by the ...
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News briefsKane Footwear turns used shoes into yoga mats
Kane Footwear has launched Project Renew, a new upcycling program where customers can return used Revive slip-ons and have them transformed into yoga and changing mats. Kane is partnering with Lavarubber for the program. Customers in the U.S. request a prepaid shipping label on Kane’s website, and the shoes are ...
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News briefsPentland Brands appoints new COO
Source: Pentland Brands Abhy Thomas-Joseph Pentland Brands, the parent company of several sports, outdoor and lifestyle brands, including Speedo, Berghaus, Canterbury, Ellesse and Mitre, has announced Abhy Thomas-Joseph as its new global chief operating officer (COO). He replaces Jon Godden, who decided to leave in June 2023 ...
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News briefsCrocs expands partnership with designer Salehe Bembury
Source: Chaymin Jay Barut Salehe Bembury Crocs and industrial designer Salehe Bembury announced a two-year partnership in which the visionary designer will serve the brand as creative director of the Crocs x Pollex Pod collection. He will work with the team to further develop his signature ...
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News briefsNike appoints new EVP, chief communications officer
Source: Nike KeJuan Wilkins KeJuan Wilkins, Nike’s vice president of enterprise communications, will become the company’s new executive vice president and chief communications officer (CCO). He succeeds Nigel Powell, the company’s longtime EVP, chief communications officer, who will retire this summer. Powell joined Nike in 1999 and ...
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News briefsU.S. chain Shoe City files for bankruptcy after failed acquisition by Arklyz
In the summer of 2022, Swiss retail group Arklyz, the owner of The Athlete’s Foot, announced plans to purchase Baltimore-based retail chain Shoe City from ESCO Ltd, which consists of about 40 retail stores, but the deal never materialized and the U.S. retailer has now filed for bankruptcy. Shoe City ...
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News briefsSnipes celebrates 25th anniversary with namesake Hollywood star
What was once a streetwear store in Cologne is now a global chain with nearly 700 stores around Europe and the U.S.: Snipes is celebrating its 25th anniversary and has brought its namesake Wesley Snipes on board to party. In a one-and-a-half-minute spot, the actor reviews the retailer’s development and ...
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News briefsFanatics acquires football retail business EPI, renames it Fanatics Italy
Fanatics, a leading global digital sports platform, announced the completion of its acquisition of EPI, an Italian sporting goods company that operates the official online and retail stores of several top Italian soccer clubs and international sports brands. Milan-based EPI, soon to be renamed Fanatics Italy, provides complete end-to-end e-commerce, ...
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News briefsTechnogym announces partnership with Paris 2024
Technogym has become Official and Exclusive Supporter of cardio, strength and functional training equipment for the athletic preparation of the athletes who will compete in the Paris 2024 Olympic and Paralympic Games. The Italian fitness equipment brand will equip 29 training centers in Paris for the athletes to train prior ...
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News briefsAmazon releases Brand Protection Report
Amazon has released its third annual Brand Protection Report to highlight its own progress in four key areas: controls to protect its store; tools to protect brands; holding bad actors accountable; and protecting and educating customers. Of particular note for sporting goods companies, Amazon reports expanded brand protection tools for ...
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News briefsPuma launches made-in-France collection with Intersport
Customers of Intersport France will soon be able to buy Puma apparel entirely designed and manufactured in France. It is Puma’s first collection for men and women wholly made in France. The range comprises 13 styles: T-shirts, sweatshirts, women’s leggings, unisex jogging pants and men’s running shorts. The 21,000 items ...
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News briefseBay and Hatch Enterprise unveil U.K.-based Sneaker Academy
eBay is teaming up with Hatch Enterprise, a London-based entrepreneur accelerator, to launch the Sneaker Academy, a program designed to help young people turn their passion for sneakers into their own online business. The free 14-week program, targeted at young sneakerheads from under-served communities, hopes to transform reselling passion projects ...
