News Briefs – Page 195
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News briefsCosta Sunglasses appoints VP of marketing
Costa Sunglasses has appointed John Acosta as vice president of marketing, with a view – according to Justin Cupps, senior vice president – towards expanding the brand and engaging “with our core fans – the anglers, adventurers and explorers who live to be on the water.” Acosta was previously vice ...
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News briefs
More manufacturing offsets a drop in retail at Yue Yuen
In releasing its monthly revenues, Yue Yuen said it finished the 2021 calendar year with an increase of just 1.1 percent in total revenues to $8,533.4 billion, with a drop of 2.1 percent in December. Calculations indicate that the group’s shoe and components manufacturing operations booked a sales increase of ...
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News briefsBlue Tomato’s parent grows strongly
Zumiez’ international sales, which are concentrated in Europe and Australia, grew by 45 percent year-on-year and on a comparable store and currency-neutral basis during the nine-week period ended Jan. 10. With its sales in North America going up by 5 percent, the action sports retailers’ total sales were up by ...
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News briefs
Jon Ram will chair SFIA
Jonathan Ram, whose career included a stint of more than four years as managing director of New Balance for the EMEA region in 2007-2012, has been elected as chairman of the SFIA, the Sports & Fitness Industry Association of the U.S. He worked for New Balance in various roles between ...
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News briefs
Lululemon accuses Peloton of improper legal conduct
Lululemon Athletica asked a federal U.S. court in Manhattan to dismiss a lawsuit filed by Peloton Interactive on Nov. 24, claiming improper legal behavior. The Canadian sports apparel company supplied the clothing for a Peloton branded line from 2016 until the American connected fitness company launched its own range in ...
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News briefs
Lululemon warns about its guidance
Lululemon is now predicting that its revenues and earnings per share will be on the low end of the previously forecast ranges for the fourth quarter of 2021, blaming the Omicron variant of Covid for increased capacity constraints, more limited staff availability and reduced operating hours at certain stores. The ...
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News briefs
Crocs improves its guidance
Crocs improved its financial guidance, telling investors that it now expects to reach a non-GAAP operating margin of nearly 30 percent for 2021 as sales will likely show a 67 percent increase to $2.31 billion for the year, rather than the previously predicted 62-65 percent range. The new forecast is ...
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News briefs
Moncler releases capsule collection
Moncler Grenoble has launched a winter capsule collection with a double Chinese connection. On the one hand, the Franco-Italian brand has hired a Chinese actress and singer, Victoria Song, for the marketing campaign. On the other, it has struck a deal with a Chinese toy brand, Pop Mart, to create ...
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News briefsCanada Goose releases an undyed PFM capsule
Canada Goose has launched a capsule with the same name as its sustainability plan, Humanature, with a pledge to accomplish a shift to “Preferred Fibers and Materials” (PFMs) for 90 percent of the brand’s apparel by 2025, while reiterating its pledge to stop using fur by the end of this ...
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News briefsIcebug partners with POW
Icebug is the latest global partner of Protect Our Winters (POW). The Swedish shoe producer, known for its spiked after-ski boots, has a long-standing commitment to sustainability, whether it’s switching from petrochemical to algae foam, changing fabric dyeing processes, eliminating air freight or installing solar power in the factories that ...
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News briefs
Oeko-Tex introduces ‘impact calculator’ for textile companies
After about two years of development, Oeko-Tex has produced an “impact calculator” with which textile and leather companies can track their CO2 emissions and water use and share the data with customers, investors, business partners or others. It is available to customers of STeP by Oeko-Tex. Later this year, moreover, ...
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News briefs
Adidas launches community program with Arsenal FC
In collaboration with the Arsenal FC, Adidas has launched an inspirational campaign, called “No More Red,” against knife crime and youth violence. In addition to refurbishing a pitch near the Emirates Stadium, where the English Premier League football club plays, the two partners are setting up a mentorship program in ...
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News briefsHummel raises funds for the LGBTI community
“We unite in our differences. We unite in sport,” says Hummel, announcing that it has raised £12,472 (€14,960-$16,890) for the Everton football club in the U.K. through the sale of a limited edition of Everton rainbow warm-up shirts. The amount will go to the club’s Community Youth Engagement Program, specifically ...
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News briefsChange of leadership at Chris Sports
Christian Bättig, owner and founder of Chris Sports, a Swiss importer for numerous sports and bike brands for Switzerland and some other countries, has handed over the reins of management to the company’s previous chief financial officer, Andreas Guglielmo, effective Jan. 1. Guglielmo has been with Chris Sports for more ...
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News briefs
New Reebok licensee for Greater China
Tristate Holdings, a licensee of the Authentic Brands Group (ABG) for its Nautica and Spyder brands, has been selected as the licensee for Reebok in China, Hong Kong, Macau and Taiwan after its takeover from the Adidas Group. It will manage all wholesale and retail operations for Reebok in the ...
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News briefs
Adidas starts new share buyback program
Adidas announced the start of the first tranche of its new multi-year share buyback program, announced in December 2021. As part of the program, the company intends to repurchase up to €1 billion worth of its own shares during the first quarter of 2022 alone. The company, which already completed ...
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News briefs
Lululemon appoints new CEO for Mirror
Michael Aragon is to become the CEO of Mirror and Lululemon Digital Fitness on Jan. 17. He will be overseeing the development and expansion of Mirror’s digital platform and report to Lululemon’s CEO, Calvin McDonald. For the past five years Aragon has been chief content officer at Twitch, the livestreaming ...
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News briefsBlue Tomato expands cooperation with POW
Blue Tomato, the European boardsports and lifestyle retail chain, has been partnering for many years with Protect Our Winters (POW), the global environmental protection organization established around 15 years ago by the U.S. pro snowboarder Jeremy Jones. Blue Tomato has expanded the cooperation by becoming the official merchandise partner of ...
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News briefsNorda expands global distribution
Norda, a young running shoe brand from Québec, Canada, that last year launched the first seamless trail running shoe made from bio-based Dyneema fiber, announced that it has expanded its global distribution network with partners in key territories starting with the first quarter of 2022. For the Asian market, Norda ...
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News briefs
Revo to sponsor an Italian mountaineering association and the World Pro Ski Tour
Revo has announced two important ski-related sponsorships at the start of the new year. The American brand of sports and sunglasses has become the official eyewear sponsor of both an Italian association of mountaineering guides, Società Guide Alpine Courmayeur. It will also be the sponsor of this year’s edition of ...
