News Briefs – Page 198
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News briefs
Adidas launches a new €4 billion share buyback program
Adidas has announced the launch of yet another share buyback program that will involve investments of €4 billion until 2025, starting in January 2022. It has already bought back €1 billion worth of shares this year. Adding annual dividend payouts in a range of 30 to 50 percent of net ...
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News briefs
Slinger posts higher losses while sales double in Q2
Sales jumped by 106 percent to $5.4 million in the second quarter ended Oct. 31 for Slinger, the company that started to deliver its innovative, portable Slinger Bag tennis ball launcher at the end of 2019. However, the company’s operating loss expanded to $35.1 million from a loss of $0.2 ...
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News briefs
Big variations in SSU’s market capitalization
Signa Sports United, the German-based parent of Tennis-Point and an array of online bicycle webstores, saw its share price close at €9.93 on Dec. 15, its first day of trading on the New York Stock Exchange. The stock price rose to €10.25 in after-hours trading. A total of 137,481 shares ...
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News briefsNew business plan for Polygiene
The board of directors and the management of Polygiene, the Swedish ingredient brand supplier, have set new financial targets for the 5-year period from 2022 to 2026. According to the new business plan, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an Ebit ...
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News briefs
New Reebok licensee for India
The Authentic Brands Group (ABG) has picked a new licensee for Reebok in India and other ASEAN nations: Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka. The Indian company, Aditya Birla Fashion & Retail Ltd. (ABFRL) is already ABG’s local licensee for Forever 21 and Van Heusen. It also works ...
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News briefs
New 2020 retail figures for Spain
We have obtained new figures for the sales of some of the leading Spanish sports retailers in 2020 from a Spanish market research agency, Sport Panel, leading us revise one of the charts that we published on Friday. The revised chart shows, among other things, that the Spanish turnover of ...
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News briefsISPO Beijing 2021 is being postponed to an undefined date
The ISPO Group announced that ISPO Beijing, which was scheduled to take place from Dec. 28 to 30, 2021, at Beijing’s China National Convention Center, has had to be postponed at short notice in light of the still complex and serious pandemic situation at the national level and to implement ...
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News briefsSafilo’s Smith brand introduces custom, 3D-printed goggles
Safilo Group, the Italian eyewear company, has begun 3D-printing products through its American brand of sports glasses, Smith, with what it calls Imprint 3D Technology. One result is the Smith I/O MAG Imprint 3D goggle, which it claims to be the “first custom goggle built to the individual features of ...
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News briefsFoot Locker launches its Cozi label of women’s apparel
Foot Locker has announced the global launch of its first private label of women’s apparel, Cozi, presenting it as “an apparel brand designed for women who keep up with trends, love sneakers and crave premium wardrobe staples at an affordable value.” It will be exclusively available in multiple sizes online ...
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News briefs
Alistair Cameron joins sportshoes.com as non-executive director
Alistair Cameron, the experienced sporting goods industry executive who served most recently as CEO of Asics EMEA until November 2019, is joining Sports Shoes, the U.K.-based athletic footwear e-tailer, as non-executive director. The British executive spent 35 years in the industry. He joined Asics in 2009 after working for a ...
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News briefsISPO will hold an online “trend festival” in January and February
ISPO has announced the ISPO.com Trend Festival 2022, scheduled from Jan. 17 to Feb. 18, 2022, to celebrate the most innovative products, newcomers and important trends in the sporting goods and outdoor industry. After the strategic move of ISPO Munich’s dates from late January to its permanent new date in ...
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News briefsMade to be remade: How Adidas wants to trigger systemic change
Eight months after announcing the new project of a climate-friendly running shoe in collaboration with Allbirds, Adidas has reported the planned launch on Dec. 15 of its Futurecraft.Footprint. With 2.94 kg of CO2 emissions per pair, Adidas describes the shoe as a personal best for both brands. The Futurecraft.Footprint is ...
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News briefsBlue Tomato expands to Norway
Source: blue-tomato.com The new Blue Tomato store at Grensen 13 in downtown Oslo. Blue Tomato has opened its first store in Norway. The Austrian-based company, which is part of the U.S. action sports retailer Zumiez, moved into a 425-square-meter store at Grensen 13 in the heart of ...
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News briefs
Nike’s website gets more visits than major fashion retailers
Nike continued to outperform various fashion retailers this year in terms of visits to its website on a global basis, according to an annual study by Semrush that uses Google data. Monthly visits to its websites averaged 120 million so far this year, 3.3 percent below the level of 2020, ...
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News briefs
More concentration in the German media market
Accelerated by the Covid pandemic, which has reduced the sports brands’ budget for national B2B advertising, the number of German retailer-oriented trade publications operating in the German sporting goods market has been cut from three to one over a span of just five years. The Ebner Media Group (EMG) has ...
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News briefs
Fendi collaborates with Arena and Thélios
Fendi, the Italian luxury fashion house owned by LVMH, is entering the sport of swimming through a limited-edition collection of high-performance caps and goggles, with special packaging, developed in collaboration with Arena and Thélios. They will become available in January. The swim goggles and the caps are supplied by Arena. ...
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News briefs
NBA to stream two games per week live in Norway
The NBA has signed a multi-year deal to stream two live games per week through the website of Norway’s top online newspaper, VG, which has a daily circulation of 2.4 million. There will also be “highlights, short-form content and articles.” The games will be exclusive to subscribers of VG+ Sport, ...
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News briefs
A new Absolute Teamsport partner in Germany
Sport Böckmann, a big German specialty team sports dealer based in Holdorf, will become the next partner in the roll-out of the Absolute Teamsport concept, Sport 2000’s new premium multi-channel format for team sports specialists. The long-time Sport 2000 partner will reopen its doors in the first quarter of 2022 ...
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News briefs
New legal tussle between Adidas’ Primeknit and Nike’s FlyKnit
In the latest legal challenge over its labor-saving, knitted-upper Flyknit technology, Nike has filed a patent infringement suit in Oregon’s federal court against Adidas and asked the U.S. International Trade Commission to block imports of its latest Primeknit styles. The list of the products includes various lifestyle, football, running and ...
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News briefs
After losing the Nike and Adidas contracts, Italy’s Sport Alliance boosts its wholesale activities
Sport Alliance, the Italian buying group affiliated with Sport 2000 International, is further boosting its wholesale operations with a contract for the distribution of Cariuma skate shoes in Italy. The brand’s sustainable sneakers are developed and produced in Brazil. Sport Alliance still has one and a half years to go ...
