News Briefs – Page 118
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News briefsEU Commission advocates sustainable purchasing with new campaign
With its new “ReSet The Trend” international campaign, the European Commission aims to engage Europeans in the fight against fast fashion and raise public awareness of the EU Sustainable and Circular Textiles Strategy. Source: European Commission According to the Commission, the amount of clothing produced, worn and ...
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News briefs2022 confirmed as a bleak year for U.K. businesses
The number of profit warnings issued by U.K.-listed companies in 2022 increased by 50 percent year-on-year, with record levels of these warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report (member firm of Ernst & Young). In total, 305 profit warnings were issued in 2022, an increase ...
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News briefsVF Corp. opens regional office and new design center in Tokyo
VF Corp. has announced the launch of the Tokyo Design Collective (TDC) and new regional office in Tokyo’s Harajuku district. The office will be home to the new TDC team, whose mission is “to reinforce VF’s commitment to infusing aspirational Japanese product design and craftsmanship into its iconic global brands.” ...
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News briefsLockdown boost wanes for Tradeinn
Tradeinn generated revenues of €433 million in 2022, up by 15 percent year-on-year, according to the Expansión and Diffusion Sport. This is nevertheless a decrease in pace. As we reported a year ago, even CEO David Martín was surprised at the figures for 2020 and 2021, when what he called ...
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News briefsPolar expands into algorithm business as ingredient brand
Fitness software and product supplier Polar has launched a new website dedicated to the selling and licensing of its algorithms. The company offers full-service partnerships, from the configuration and implementation of algorithms into devices to marketing support, assisted by a dedicated team at Polar. The new offering is aimed at ...
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News briefsNike sues Lululemon for patent infringement on its Flyknit technology
Nike Inc. is suing Lululemon Athletica, claiming that at least four of Lululemon’s footwear products infringe its patents. In a complaint filed in Manhattan federal court, Nike alleges that Lululemon’s Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel sneakers infringe on Nike’s patents related to its Flyknit technology, with reference to ...
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News briefsNew partnership for the Eurobike Industry Award 2023
The Eurobike Award 2023 for innovative products in the bicycle and future mobility industry will be staged for the first time at Messe Frankfurt this year. After a one-year break and the relocation of the international Eurobike trade show from Lake Constance to the Main River, the trade show is ...
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News briefsAdidas x Burning Cart Society explore new paths on the green
Adidas has launched a new capsule golf apparel collection created in collaboration with the Burning Cart Society, a project that promotes better access to the sport of golf and a purist approach to golfing – without carts. The limited-edition collection is part of the Adidas Adicross range and features unisex ...
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News briefsPuma and June Ambrose celebrate women in co-branded collection
Puma and creative director June Ambrose launched their first co-branded collaboration, “Keeping Score.” The 20-piece collection of apparel, footwear and accessories celebrates Ambrose’s career and impact within hip-hop and fashion, and is meant to encourage women to “keep score” of their wins. Ambrose joined Puma in 2020 as the creative ...
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News briefsUkraine could boycott Paris 2024 if Russia and Belarus are allowed to compete
The Ukrainian sports minister, Vadym Guttsait, has warned that the country could boycott the 2024 Paris Olympics if athletes from Russia and Belarus are allowed to compete. The announcement comes on the heels of the International Olympic Committee (IOC) on Jan. 25, saying it was favoring “a pathway for athletes’ ...
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News briefsAdidas among backers of Sapphire Sport’s new venture fund
The venture capital platform Sapphire Sport has raised $181 million for a new fund focusing on sports, media, entertainment and technology in North America, mainly in California and New York, Bloomberg has reported. The new fund’s investors include Adidas, AEG Worldwide, Arctos Sports Partners, the Bank of Montreal, City Football ...
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News briefsItaly’s sporting goods industry is worth €13 billion
According to a recent study by Assosport, Italy’s sporting goods industry is worth €13 billion, a 15 percent increase from 2020. Growth has been driven by the resuming of activities after Covid-19, combined with the pandemic itself, which has, in fact, pushed many consumers to outdoor as well as at-home ...
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News briefs“Consider everything. Compromise nothing.” – Atomic releases impact statement
Austrian ski manufacturer Atomic has released its first-ever Impact Statement, with the approach, “Consider everything. Compromise nothing.” The 38-page, data and science-driven report details the steps Atomic is taking to address the challenges posed by the climate crisis and to minimize environmental impact. Atomic has declared three science-based targets in ...
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News briefsCastore and Feyenoord Rotterdam announce kit and retail deal
Castore is making its debut on the Dutch football market. The British sportswear brand has announced a multi-year kit and retail partnership with Feyenoord Rotterdam, becoming the club’s official kit and retail partner from the 2023/24 season onwards. Feyenoord Rotterdam competes in the Eredivisie, the top tier in Dutch football. ...
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News briefsJD Sports Fashion brands suffer hack
It appears that someone has hacked into the computer systems of five brands owned by JD Sports Fashion: namely JD, Size?, Millets, Blacks, Scotts and MilletSport. According to the company, the information lifted from its databases would concern 10 million unique customers and should be limited to their name, their ...
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News briefsCourir is testing a recycling service in France
Courir, the international French-based athletic footwear chain, is testing a recycling service at three of its stores in France. Customers can return their used sneakers to the three Courir shops in Paris-Rivoli, Annecy and Grenoble. More stores are expected to launch this service by the end of January, Sport Guide ...
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News briefsGolf equipment and apparel sales reached all-time highs during pandemic
Global golf equipment and apparel sales were at all-time highs during the pandemic, reaching $20 billion in annual sales in 2021, with $11.1 billion in golf equipment and $9.0 billion in golf apparel. Strong consumer demand for golf products continued in 2022. These are some key highlights from the “World ...
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News briefs2023 UK National Running Show was the most successful in its history
The fifth edition of the National Running Show, which took place on Jan. 21-22 at the NEC Birmingham, saw exhibitor and sponsorship revenues increase by 38 percent this year. Raccoon Media Group, which organizes the show, claimed that the 2023 event recorded the largest visitor audience it has ever attracted. ...
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News briefsSport 2000 implements new SkiExperts specialist concept
With the 2022/2023 winter season, Sport 2000 has begun to implement the new SkiExperts concept for the group’s winter sports specialists in Germany. The first 52 SkiExperts stores receive special human resources, marketing and procurement support. The service modules are coordinated with one another to offer the best consumer experience ...
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News briefsAmer Sports partners with Sourcemap on transparency
Sourcemap, a New York-based specialist in supply chain transparency and traceability software, has announced that Amer Sports will leverage Sourcemap’s supply chain transparency solution to collect transaction certificates for certified materials and independently verify the company’s and its subsidiaries’ entire chain of custody, from raw material to finished product. Amer ...
