News Briefs – Page 157
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News briefsKizik closes $20m Series B funding round
The Utah-based brand Kizik and its parent company, HandsFree Labs Inc., have announced the closing of a $20 million Series B funding round. According to a company statement, Kizik will use the funds to launch a Kizik childern’s line and build up a retail network of Kizik stores. The funding ...
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News briefsInstagram offers in-chat payment
Small businesses should now be able to transact business in Instagram chat, Meta, Instagram’s owner, has announced. Meta seeks in this way to support businesses that do not have their own Instagram store. Source: Meta In the chat, it will be possible not only to ask questions, ...
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News briefs
361 Degrees e-commerce sales rose 40 to 45 percent in H1
E-commerce was the strongest-performing segment for 361° Degrees during its first half, with sales up by 40 to 45 percent. Overall the Chinese company posted an increase in brand sales in the “mid-teens” during H1, as sales of 361° Kids brand products rose by only 20 to 25 percent. In ...
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News briefsEurobike premiers at Frankfurt, welcomes 61,150 visitors from 105 nations
Source: Eurobike The new Eurobike format that moved from the former Friedrichshafen venue to Frankfurt, Germany, attracted significantly more visitors (both professionals and consumers) than the last pre-Covid edition. In its official after-show report, the organizing company, Fairnamic, speaks of 33,780 visitors from the bike industry and ...
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News briefs
Amazon files suit to stop fake reviews on Facebook
Amazon has filed suit against the administrators of some 10,000 Facebook groups, alleging that “in exchange for money or free products” they “attempt to orchestrate fake reviews” on Amazon’s sites in the U.S., the U.K., Germany, France, Italy, Spain and Japan. The e-tailer says it will use any information gleaned ...
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News briefs
Kathmandu brand CEO Reuben Casey resigns
Reuben Casey, who over the last 12-plus years has served the company in a variety of senior executive roles, among them CFO and COO, is resigning from New Zealand’s KMD Brands Ltd. Michael Casey will be serving as interim Kathmandu CEO while the group considers options for Reuben Casey’s replacement. ...
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News briefsWinners and losers in the Chinese e-commerce market
Lockdowns lasting months in some areas have unsettled consumers in China. The apparel market has not escaped this. The NPD Group provides an overview of the biggest winners and losers – sports brands among them – on the most important e-commerce platform in China, Tmall. Source: Screenshot from ...
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News briefs
FIS appoints first executives for its new commercial division and a new deputy secretary general
The International Ski & Snowboard Federation (FIS) has hired Christian Salmon as chief commercial director and Oliver Kraus as director of global partnerships. Salmon was previously senior vice president and managing director at IMG. Kraus was a founding member of KPG & Partners, a sports and entertainment consultancy firm, and ...
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News briefsPádel Nuestro has a new owner, looks to Japan and the U.S.
Business is brisk in pádel. As Technifibre CEO Nicolas Préault said in our recent interview with him, “Padel is booming as l have never seen a sport boom before.” On July 6, by infusing capital and acquiring stakes, Ergon Capital Group has taken a majority position in 360° Padel Group, ...
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News briefsTennis-Point hopes to have 15 stores in Spain by 2024
Tennis-Point – a Signa Sports United company, which has set its sights on €13.5 to €14 million in annual sales – will be opening three stores, two of them big, in the last third of the current year. Speaking with CMDsport, its chief executive for Spain, Miquel Just, says ...
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News briefs
Lululemon details growth course in China
China is set to become Lululemon’s second most important market worldwide in 2026. This was specified by CEO Calvin McDonald. In an interview with China Daily he said: “Our new goal is to quadruple our international business again by 2026. The Chinese mainland will be a big part of that ...
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News briefsISPO Award Webinar for interested brands
ISPO has announced that it will offer a webinar on July 27, 2022, for all interested brands or companies that wish to participate in the ISPO Award. For the past six months, the concept of the ISPO Award has changed fundamentally. There are four jury meetings ...
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News briefsH&M to pull out of Russia for good
Swedish fashion chain H&M has announced its complete withdrawal from Russia. The exit won’t be cheap.
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News briefs
Sprinter eked out a rise in sales over 2021
Sprinter generated €399.9 million in sales over its financial year 2021, according to Diffusion Sport. The period ran through Jan. 31 of last year, and therefore includes the worst of the lockdowns. Although e-commerce sufficed under these conditions to produce a revenue increase of 0.6 percent, net profit was down ...
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News briefsPuma signs fastest woman alive
Source: Business Wire Elaine Thompson-Herah Puma has signed the world’s fastest woman alive, Elaine Thompson-Herah. The Jamaican sprinter and five-time Olympic champion is thus leaving Nike, with whom she had been associated her entire career. Thompson-Herah was seen wearing Puma-branded shoes and apparel earlier this week before ...
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News briefs361 Degrees Q2 sales increase
Group retail sales for the core 361° brand rose in the low teens year-over-year in the second quarter with revenues from the separate 361° Kids Brand segment improving 20 to 25 percent. Meanwhile, the company’s e-commerce sales jumped 40 percent year-over-year during the period. During the first half of 2022, ...
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News briefsNautilus’ JRNY members surpass 360,000, number continues to grow
Source: Nautilus JRNY Nautilus, Inc., provided an update on the growth of JRNY®, the company’s personalized connected fitness platform. As of June 30, 2022, JRNY membership exceeded 360,000, the company said, representing growth of approximately 13 percent in the seasonally slower quarter ended June 30. As a ...
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News briefsNew Nike Style retail concept debuts in Seoul
Nike Style, Nike’s newest retail experience, is opening in Seoul on July 15. The new retail concept – part retail and part creative studio – is meant to epitomize “a remixed expression of sports retail culture that blurs the line between physical and digital,” said the brand. The store is ...
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News briefsSimplon installs pop-up exhibition at Breuninger in Munich
The Austrian bike manufacturer Simplon runs a new exhibition space in an unusual surrounding: In the high-fashion store Breuninger (formerly Konen) in the heart of Munich, the bike maker shows its bikes and offers 3D body scanning and consultancy on its products. The pop-up project runs for four weeks and ...
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News briefsAmazon’s Prime Day 2022 breaks records
Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022. This made this year’s event the largest Prime Day event in Amazon’s history. Amazon disclosed in a press release that the savings Prime members achieved thanks to Prime Day amounted to more than $1.7 billion, more ...
