News Briefs – Page 121
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News briefsXtep International provides update on Q4, FY22 results
Xtep International is forecasting a high single-digit sales decline, including retail and online channels, for the fourth quarter ended Dec. 31, 2022, when the discount level was approximately 30 percent versus 20 to 25 percent in the year-ago period. Anticipated full-year results call for mid-teens year-over-over revenue growth and a ...
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News briefsDecathlon employees in France demand higher wages
Several dozen employees of the sporting goods chain manifested on Jan. 14 in front of some of the retailer’s stores in France to demand better wages following a strike call by CFDT, one of France’s major confederations of trade unions. The strike date coincided with the first Saturday of the ...
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News briefsRacquet sports equipment market to grow 4.3% by 2031
The global racquet sports equipment market is projected to reach $272.4 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2031, according to a new report by Dublin-based Research and Markets. The growing demand will be driven by increased fitness consciousness among ...
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News briefs361 Degrees Intl. details preliminary Q4 results
E-commerce sales for the Chinese company rose an estimated 25 percent in the fourth quarter, 361° Degrees reported on Jan. 16, but overall core branded sales were essentially flat during the period. Meanwhile, 361° Kids branded sales increased low-single digits year-over-year.
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News briefsAdler is the new main sponsor of European League of Football
After the Zeitfracht Group was already presented as the main partner until 2024, the group’s Adler Mode brand will also be integrated into the sponsorship portfolio of the European League of Football (ELF) as a main sponsor of the leading European American football league. Adler operates more ...
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News briefsHanesBrands raises Q4 outlook and announces CFO departure
HanesBrands, the parent company of Champion and other apparel brands, has announced that it expects fourth-quarter 2022 sales to be slightly above the top end of its outlook range. The company has also adjusted operating profit at the midpoint of the range. Its fourth-quarter investor conference is scheduled for Feb. ...
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News briefsJury rejects Adidas’ lawsuit against Thom Browne
Adidas failed to convince the Southern District Court in Manhattan that the use of stripes on the clothing of luxury brand Thom Browne Inc. infringes the sporting goods giant’s trademark, the three stripes. The jury found Jan. 12 that there was no trademark infringement or dilution. Adidas sought $867,225 in ...
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News briefsNew Balance is suing AS Roma over Adidas sponsorship deal
New Balance is suing AS Roma due to the club’s recent long-term agreement with Adidas. The existing technical sponsorship agreement between New Balance and the Serie A club for the production of soccer jerseys, which expires at the end of the current 2022/23 season, has not been renewed. Following press ...
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News briefsNike to renew sponsorship early to end UK Athletics' financial troubles
The Times reports that Nike and UK Athletics are close to extending their sponsorship deal for another ten years. The agreement, which currently runs until 2030, would therefore expire in 2040. The new agreement reportedly involves an up-front payment of future earnings from Nike to UK Athletics. The cash injection ...
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News briefsWilson signs first head-to-toe brand ambassador
Wilson Sporting Goods has signed up professional tennis player Marta Kostyuk as its first head-to-toe (rackets, footwear and apparel) Wilson advisory staff member. The 20-year-old Ukrainian rising tennis star has career-high rankings of 49 in singles (Feb. 2022) and 39 in doubles (Sept. 2022). She recently made the quarterfinals at ...
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News briefsGo Sport to acquire Gap France amidst uncertain future
Parent company Hermione People & Brands has confirmed in a short statement that its French sports retail chain subsidiary Go Sport will acquire the master franchise for Gap in France. French investigative online newspaper Mediapart originally unveiled the information on Jan. 10. According to Mediapart, Go Sport and Gap France ...
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News briefsCircle Economy and Deloitte to launch the Circularity Gap Report 2023
Amsterdam-based impact organization Circle Economy and Deloitte have announced a livestream event to launch the latest Circularity Gap Report 2023. The livestream will comprise a presentation of the outcomes of the Circularity Gap Report 2023 and a panel discussion and will explore tangible solutions that can be created across the ...
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News briefsNBA All-Star Allen Iverson partners with Authentic Brands Group
Reebok owner Authentic Brands Group (ABG) has teamed up with Hall of Famer and 11-time NBA All-Star Allen Iverson to further develop Iverson’s own brand. Under the partnership, ABG will focus on growing Iverson’s entertainment business, securing new advertising deals and strategic partnerships, and developing new consumer product opportunities. Currently, ...
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News briefsOeko-Tex publishes new regulations, offers online webinar on changes
Oeko-Tex has now published its new regulations, which will come into force in the first quarter of 2023 after a transition period. Part of the new standards is a general ban on the use of perfluorinated and polyfluorinated alkyl substances (PFAS/PFC) in textiles, leather and footwear for the Oeko-Tex Standard ...
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News briefsSalomon appoints global chief brand officer
Source: Salomon Scott Mellin, new global chief brand officer Scott Mellin has been named global chief brand officer by Salomon, a new role at the company following the departure of Salomon’s VP of brand, Eric Pansier, last year. Mellin will lead the company’s global marketing organization from ...
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News briefsHanesBrands honored for sustainability leadership
U.S. company HanesBrands (HBI), the parent company of several apparel brands, including Champion, has been recognized with an A- score on the global CDP annual sustainability disclosures across two key areas of environmental impact – climate change and water security. HBI achieved this recognition for its leadership ...
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News briefsNike sets its design vision for the next 50 years in new book
Nike is releasing No Finish Line, a new book that celebrates its 50 years of design and innovation in sports while setting a vision for the next 50 years. The book features a foreword by Nike’s chief design officer, John Hoke, and speculative fiction by journalist Geoff Manaugh. It also ...
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News briefsMunich expects 35% sales increase and opens new stores
Spanish sneaker brand Munich expects its sales to jump by around 35 percent in the full fiscal year ending March 31, 2023, to reach €65-70 million. In an interview with trade publication FashionNetwork, Munich CEO Xavier Berneda said that the company’s revenues are projected to exceed last year’s record sales ...
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News briefsFootjoy and England Golf agree on multi-year partnership
England Golf has announced an exclusive three-year agreement with Footjoy as its new official apparel, footwear and accessory partner. As part of the deal, all England Golf national squad members will be kitted out with the full range of Footjoy product at international events and championships. The agreement will also ...
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News briefs
Anta Sports sees improving conditions in China despite soft Anta, Fila brand sales
Faced with lower retail foot traffic and consumer sentiment in the fourth quarter, largely related to ongoing pandemic impacts in certain regions of China, Anta Sports reported “high-single-digit” negative growth for its Anta brand and “low teens” negative growth of Fila branded products. All other branded products sold by the ...
