News Briefs – Page 115
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News briefsSnipes invests in new and bigger logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefsHummel takes new steps to protect textile workers in Pakistan
Danish sportswear brand Hummel has taken a step forward in its commitment to worker safety by signing the Pakistan Accord. The initiative, which is part of the expanded International Accord for Health and Safety in the Textile Industry, of which Hummel is already a member, aims to ensure a safe ...
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News briefsRegistration open for Better Cotton Conference 2023
Tickets for the coming Better Cotton Conference 2023, held in Amsterdam on June 21 and 22, can now be purchased for early-bird ticket prices (discounted only before March 15). The conference will be opened with a welcome reception on the evening of June 20 and hosted in a hybrid format ...
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News briefsSalomon publishes first-ever annual sustainability report
Following its sister company Atomic’s impact statement, Salomon has also published its first-ever annual sustainability report. After a full carbon inventory, the French brand’s science-based targets have been officially approved for 2022 (aiming for a 50 percent absolute reduction in Scope 1 & 2 carbon emissions and a 30 percent ...
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News briefsQatari investors are reportedly targeting Manchester United
Daily Mail has revealed that a Qatar-based consortium of private investors is planning to bid for Manchester United. The group is set to make an offer by Friday, Feb. 17, the deadline set by the club’s current owners, the Glazer family. The British tabloid paper has also revealed that UEFA, ...
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News briefsCarvana Pickleball has its official shoe
Skechers will be the official footwear sponsor of the Carvana Professional Pickleball Association (PPA) tour as of the 2023 season, with its schedule of 25 tournaments. The company will be selling its shoes and apparel on site for the PPA Tour, and tour staff and referees will be wearing its ...
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News briefsTonal is reportedly looking for fresh funds or possibly a buyer
According to an exclusive report by The Information, Tonal, a celebrity-backed home fitness start-up, has explored options, including a sale. According to the report, the company spent heavily last year on new brick-and-mortar showrooms, new hires and marketing, including a commercial featuring Serena Williams, and has been trying to cut ...
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News briefsNew Wave Group reports “best year ever” with sales up 30%
New Wave Group, the Swedish parent company of Craft, Seger, Auclair, Derby of Sweden, D.A.D. Sportswear and a total of nearly fifty brands in business, sports and leisure, gifts and home textiles, ended its fiscal year 2022 with net sales of 8.84 billion Swedish kronor (€793.1m), up 32 percent, or ...
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News briefsC-Skins wetsuits with new distributor for Portugal and Spain
Peak Distribution, the Dutch company that has represented the C-Skins wetsuit brand in the Benelux since 2011 and has also served the wider Northern European region as well as Germany, Austria and Switzerland since 2014, has been appointed C-Skins distributor for Portugal and Spain. C-Skins was founded in 1993 as ...
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News briefsSuunto with new head of brand
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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News briefsECHA publishes updated PFAS restriction list
On its website, the European Chemicals Agency (ECHA) published updates on current restrictions on the production, sale and use of more than 10,000 per- and poly-fluoroalkyl substances (PFAS) proposed by Danish, German, Swedish, Dutch and Norwegian authorities last month. Taken together, the agencies estimate that an additional 4.4 million metric ...
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News briefsSustainability less of a priority in German purchases
The latest GfK Sustainability Index shows that consumers in Germany are planning fewer purchases based on sustainability in the near future. The index for January 2023 now stands at 93.3 points, 6.7 points less than the average for 2022. The index shows the importance of sustainability aspects in consumer purchasing ...
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News briefsStrava CEO steps down for a second time
Strava’s co-founder, Michael Horvath, is stepping down from the CEO role for a second time. Horvath co-founded the platform with Mark Gainey in 2009. He left the helm in 2013 to support his wife when she battled cancer, then returned in 2019. “I have decided that Strava needs a CEO ...
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News briefsCompliance & Risks and WFSGI launch Mastering Labelling Compliance Series
Compliance & Risks (C&R) and The World Federation of the Sporting Goods Industry (WFSGI) have launched a “Mastering Compliance” fireside chat series. The series will discuss various compliance labeling challenges and product stewardship best practices with leading apparel industry experts. Themes include: Staying on top of upcoming regulatory changes; communicating ...
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News briefsAdidas launches a new footwear design tournament
Adidas has announced the launch of a new Consortium Cup – a four week footwear design tournament, with 16 of the world’s most iconic sneaker stores going head to head for the chance to be crowned champions. Organized in knockout format, the Consortium Cup includes sneaker stores Overkill, Nice Kicks, ...
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News briefsSecond-hand isn’t second best, says Unidays fashion report 2023
Unidays, a digital marketplace for student discounts and a networking platform, has conducted a new study among 3,279 of its (27 million worldwide) users in the U.S., U.K., and Australia. As Unidays is a student-only offering, the company connects with a purely Gen-Z target group. The Unidays Fashion Report 2023 ...
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News briefsSweden considers 2030 Winter Olympics bid
The Swedish Olympic Committee (SOK) has announced that it has started “a preliminary study” to consider a potential bid for the 2030 Winter Olympic and Paralympic Games. SOK acting vice president Hans von Uthmann will head the feasibility study’s steering group. The committee is planning to release an interim report ...
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News briefsCastore is reportedly in talks for $200m fundraising
Castore, the Manchester-based sportswear brand backed by Andy Murray, is reportedly in talks with investors about a $200 million round of fundraising to support its expansion, according to a report by Sky News. The company has begun initial talks with prospective investors ahead of a formal process later this year, ...
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News briefsBasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
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News briefsGoldwin raises guidance after record results in first nine months
Goldwin, the Japanese sports apparel company that also distributes a portfolio of own and licensed brands in certain regions, raised its guidance for the full year ending March 31, 2023, after posting record results for the third consecutive quarter. Sales are now projected to reach 113,500 million yen (€808.4m), up ...
