News Briefs – Page 194
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News briefs
European app logs post-pandemic surge in walking
In 2021, with the easing of pandemic restrictions, Europeans emerged from their houses to walk – or so says WeWard, which has been producing and operating a walking app since 2019. The company’s study of data collected for 2020 and 2021 – as generated by some 4.5 million app users ...
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News briefs
Moody’s switches Nike’s outlook to stable from negative
Moody’s improved its outlook for Nike’s debt from “negative” to “stable,” due to its recent strong growth in revenues and earnings, “powered by its successful execution of its Consumer Direct Acceleration strategy.” The rating agency confirmed all other ratings for the company, including an A1 senior unsecured debt rating, pointing ...
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News briefs
PureGym enters the U.S. market
PureGym, the U.K.-based operator of affordable fitness clubs, has opened its first gym in the U.S., located in Tysons Corner, Virginia. It will be followed by two others shortly in Springfield, Virginia and Elkridge, Maryland. Franchising is a possibility going forward. Memberships start at $9.99, with no long-term contractual obligations. ...
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News briefs
Nasdaq downgrades Peloton
The Nasdaq stock exchange said it will take Peloton Interactive out of its prime Nasdaq 100 Index on Jan. 24, when it will be replaced by a trucking company. The change follows a drop of 74 percent in the company’s stock market capitalization in the course of 2021. It closed ...
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News briefs
IMG veteran joins Fanatics for its international development
Fanatics has appointed Matthew Primack as senior vice president of international development. Based in London, he will responsible for the acquisition of new rights, reporting to Gary Gertzog, Fanatics’ president of business affairs. Primack has been work for IMG Licensing for 14 years, most recently as senior vice president, providing ...
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News briefs
Nike links up with China's Pou Sheng for customer memberships
Nike will link consumer membership data with Pou Sheng, the Chinese retailer owned by Yue Yuen, which operates Nike stores in more than 300 cities, serving about 150 customers each year. In an arrangement that resembles Nike’s recent member sharing deal with Dick’s Sporting Goods, the biggest sports retailer in ...
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News briefs
Covid cut Messe München’s revenues by €400m in 2020 and 2021
Messe München, the organizer of the ISPO trade shows, says it lost about €400 million in revenues over the past two years because of the Covid pandemic, but it is optimistic about this year, which will see 54 directly managed events being held inside and outside Germany, particularly in the ...
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News briefs
SMS comments on UK Active’s report on “social prescribing”
A new report by UK Active has called for an expansion of sports participation to reduce pressure on the National Health System (NHS) of the U.K. The report, sponsored by Matrix, discusses the role of “social prescribing” in the fitness and leisure sector. In the U.K., social prescribing is a ...
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News briefsKylian Mbappé endorses Oakley eyewear
Oakley announced a multi-year partnership with Kylian Mbappé, the popular French footballer who plays for the Paris Saint-Germain team. The 23-year-old PSG forward will play the lead in the brand’s newest iteration of its “Be Who You Are” campaign film, which chronicles his journey as a boy born in the ...
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News briefs
Castore replaces Canterbury as sponsor of USA Rugby
Castore has signed a six-year partnership with USA Rugby, taking the place of Canterbury, which had succeeded Adidas in the role. Acting as the American rugby union body’s official apparel partner, the English company will provide sportswear and playing kits for its men’s, women’s and junior teams, starting in the ...
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News briefs
Adidas to establish a basketball hub in Los Angeles
Adidas has leased the equivalent of 9,940 square meters of office space in downtown Los Angeles, according to The Wall Street Journal, apparently to establish a hub for its basketball operations in the U.S., which are currently still based at the company’s North American head office in Portland, Oregon. The ...
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News briefsBackcountry launches Shaun White’s Whitespace brand
Backcountry, the U.S. retailer that owns Germany’s Bergfreunde, has teamed up with the pro snowboarder Shaun White for his new Whitespace brand of hardgoods and apparel. Backcountry will act as the exclusive retailer for Whitespace, kicking off the partnership with a limited-edition Whitespace Freestyle Shaun White Pro signature snowboard. Each ...
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News briefs
No ISPO Beijing until December
The ISPO Group reported in mid-December that the ISPO Beijing fair, originally scheduled for Dec. 28-30, was going to be “postponed” because of the Covid pandemic. Veronica Pang, who was promoted to head up the ISPO China team last month, has told us that it will not happen anytime soon. ...
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News briefs
Deporvillage posts record sales again
Deporvillage has met its targets and wrapped up an 11th consecutive year of growth. As CMDsport reports, revenues for 2021 amounted to $160 million, for a 40 percent year-on-year increase, and total customers worldwide now exceed 2.5 million, thanks to 700,000 new ones. The Spanish mutichannel sports e-tailer carries 100,000 ...
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News briefs
ABG and Shaq file for digital trademarks
Like Nike, Adidas and many others, the Authentic Brands Group (ABG) is staking out a claim in the metaverse. As Footwear News reports, ABG and the retired NBA player Shaquille O’Neal filed three trademark applications in December for the word “SHAQ” as applied to non-downloadable virtual footwear, clothing, headwear and ...
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News briefs
S&P assigns a negative outlook to Crocs
Having completed its review of Crocs following its expensive takeover of Hey Dude, Standard & Poor’s gave a negative outlook to the company, in contrast with the stable outlook assigned by Moody’s. S&P indicated that it might even downgrade Crocs further if it fails to integrate the casual footwear brand ...
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News briefs
Tecnica hires social & environmental impact guide
Tecnica Group North America has hired Matthew Miller to fill the new post of ”social & environmental impact guide.” He will be overseeing the group’s social and environmental policies, especially with respect to partnerships with organizations and retailers. He will also be promoting product circularity, energy and carbon savings, and ...
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News briefsArc’teryx continues global brand store expansion
Source: Arc’teryx Arc’teryx has increased the number of its own brand stores by 15 percent Arc’teryx, the Vancouver-based brand owned by Amer Sports, opened 21 stores in the past twelve months, ending 2021 with a total of 159 brick-and-mortar mono-brand shops around the world - 16 ...
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News briefsBode Miller becomes brand ambassador for Scarpa
Scarpa announced that Bode Miller will be a new ambassador for the Italian outdoor and snow shoe brand. The charismatic American ski star, who won four World Championship titles in four different disciplines and six medals at the Winter Olympics, Miller will debut Scarpa’s new 4-Quattro ski touring boot at ...
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News briefs
ITC investigates Adidas’ Primeknit technology
The International Trade Commission of the U.S. has decided to launch an investigation to determine whether Adidas’ Primeknit technology for knitted shoe uppers infringe on six Nike patents for its Flyknit technology. If it determines that Nike’s claims are valid, the ITC may issue exclusion and cease and desist orders, ...
