News Briefs – Page 104
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News briefsNike partners with Mexico’s Liga BBVA MX Femenil
Nike has announced a three-year deal with Liga BBVA MX Femenil, the highest division of women’s football in Mexico, as part of its commitment to grow women’s football worldwide. The new agreement makes Nike the exclusive sports partner of Liga BBVA MX Femenil. Starting in the Torneo Apertura 2023 season, ...
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News briefsMacron posts double-digit sales growth
Italian teamwear brand Macron has announced sales of €169.9 million for the year ended Dec. 31, 2022, representing a 36.5 percent increase on the previous year at the core business level (net of personal protective equipment project) and “a growth never achieved before,” the company said. Compared to pre-Covid levels ...
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News briefsDecathlon turnover rises 12%, beating IIC’s 2022 results
French sporting goods retailer and manufacturer Decathlon continued its global growth in 2022. Despite an “unstable global economic and geopolitical context,” according to CEO Barbara Martin Coppola, turnover rose by 12 percent compared to 2021 to €15.4 billion. Online sales now account for 17 percent of the total turnover (after ...
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News briefsFitFlop obtains new $30 million long-term revolving credit facility
London-based Aurelius Finance Company announced that it has provided FitFlop, a footwear company also based in London, with a new $30 million five-year revolving credit facility to support the company’s long-term growth objectives. Aurelius Finance Company, a member of the Aurelius Group, is an independent secured lender providing asset-based financing ...
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News briefsSpanish retailer to leave Intersport
Deportes Alvarado will be severing its ties with the Intersport Spain buying group on Oct. 31, according to CMDsport. This is its 50th anniversary year, and it has been with Intersport for about half of its existence. “We are not leaving Intersport over any difference or dispute with the group,” ...
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News briefsAsics launches new campaign targeting exercise gender gap
Asics has launched a global campaign highlighting the power of exercise to help women cope with everyday stresses. The campaign was developed in response to the Asics 2022 State of Mind Index, which revealed that globally, women tend to exercise less than men and, as a result, do not get ...
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News briefsRecovery in consumer sentiment in Germany falters
After five months on an upward trend, the recovery in consumer sentiment in Germany weakened in April. This is revealed by the latest consumer barometer of the German Retail Association (HDE). According to this, the index remained almost at the level of the previous month of March. According to the ...
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News briefsAdministrative changes to come at El Corte Inglés
El Corte Inglés and labor representatives have agreed to a plan, according to Diffusion Sport, to reorganize the retailer’s central and regional administration so as to increase the efficiency of operations. Affected by the changes will be some 2,100 employees. The plan is intended to maintain employment but also to ...
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News briefsAmazon marketplace far ahead of the competition worldwide
Amazon’s marketplace receives four times as many annual visitors (4.810 billion) as its nearest competitor in the field of third-party sales, eBay, according to Diffusion Sport, which has reviewed several figures from Statista. In fact, the Amazon marketplace’s visitor total is higher than that of its ten biggest competitors combined. ...
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News briefsZalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
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News briefsUnder Armour opens new brand house in London
Under Armour has announced the opening of a new Brand House at Westfield Stratford City in London. This comes after the company reported a significant growth in the EMEA region in the third quarter of FY23. The company’s quarterly sales increased 32 percent (46% in constant currency). The deal is ...
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News briefsMoncler recognized for its “disruptive communication”
At a recent event in Milan, Moncler was chosen as an example of championing disruptive communication by Zalando and Camera Nazionale della Moda Italiana (CNMI). On March 28, Zalando, in partnership with CNMI and collaboration with fashion media brand Highsnobiety, brought together and recognized some leading members of the Italian ...
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News briefsAdidas x Gucci returns with new sneakers for spring/summer 2023
Source: Adidas Adidas x Gucci The Adidas x Gucci collection, which first launched in 2022, is back in spring/summer 2023 with a series of new sneakers that celebrate the legacies of both labels. Alongside the return of the Adidas x Gucci Gazelle, this season marks the arrival ...
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News briefsBrooks Running to invest $10 million to support young runners
Source: Brooks Brooks Running has announced that it will invest $10 million over the next five years in Future Run, an initiative to support youth in the U.S. and help them discover the benefits of the run and its community. Future Run is an evolution of the ...
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News briefsRouvy and Challenge Family athletes raise $30,000 for Turkey and Syria
In the wake of the devastating earthquakes in Turkey and Syria, more than 8,700 Rouvy and Challenge Family athletes helped raise $30,000 for the Red Cross to support those affected. The cyclists had two weeks to complete the virtual ride on Rouvy’s indoor cycling platform, with the amount raised depending ...
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News briefsShareholder lawsuit against Peloton dismissed
A federal judge in New York has dismissed a shareholder class action lawsuit against Peloton that accused the fitness company of intentionally misleading investors who lost money when the company’s stock price plunged after the pandemic. The suit was a consolidation of several shareholder lawsuits filed against the company and ...
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News briefsJD.com to spin off industrial and real estate units
Inside Retail Asia reports that Chinese e-commerce company JD.com plans to spin off its real estate and industrial units and list them on the Hong Kong Stock Exchange. In 2017, the Beijing-based company spun off its logistics unit into a separate entity and then opened its delivery and warehousing services ...
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News briefsNike develops absorbent liner that helps protect women against period leaks
Nike has created the Leak Protection: Period, an ultrathin, absorbent liner that helps protect against period leaks. The company said that periods could be a barrier to sport and movement for teens and adults, and Leak Protection is meant to provide extra comfort and confidence. Nike designers combined a two-layer ...
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News briefsDecathlon U.K. launches rental scheme nationwide
Following a successful trial last year, Decathlon is now rolling out its sports rental scheme in all its stores across the U.K. The rental scheme includes bikes, tennis rackets, paddle boards and kayaks. The retailer has committed £1 million (€1.14m) worth of products to the scheme. Decathlon tested the scheme ...
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News briefsThe Athlete’s Foot appoints Beth Greenfield as lead merchandiser and buyer
Specialty footwear and lifestyle chain The Athlete’s Foot has announced industry veteran Beth Greenfield as its new lead merchandiser and buyer. Greenfield has over 25 years of experience in retail, buying and merchandising, working for brands like Champion, Puma, Footlocker, and Citi Trends. In her new role at The Athlete’s ...
