News Briefs – Page 203
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News briefs
XXL helps a non-profit buy and lend sports equipment
XXL is donating NOK 500,000 (€50,500-$57,400) for the purchase of sports and outdoor equipment – such as alpine skis, sleds and skates – to BUA, a Norwegian non-profit organization that lends such products to the young. So far this year BUA has loaned equipment to twice as many Norwegians (about ...
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News briefsCelebrating its 30th anniversary, Buff supports POW and other organizations
Buff is increasing its financial support for Protect Our Winters (POW) to more than $50,000 per year while launching a new collection that “recognizes the important work and culture” of the non-profit organization, founded in 2007 by the professional snowboarder Jeremy Jones. In addition, the Spanish brand of bandanas, which ...
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News briefs
Romania’s apparel industry is struggling
Some sports clothing has been manufactured in Romania in the past, especially for Italian brands, but it’s not sure whether this is still the case. According to Just Style, Romania’s apparel industry is suffering from problems in both its supply chain and its export market. The flow of raw materials ...
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News briefs
New NPD study shows a drop in China’s sports shoe market
China’s online market for sports footwear declined by one percent to $8.9 billion during the second quarter of 2021, according to a new study by the NPD Group. The drop was due to the poor performance of international brands, which suffered from a consumer boycott launched in March because of ...
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News briefsDecathlon works with a social impact brand in Germany
Decathlon is the first sports retailer in Germany to have entered into a partnership with a local social impact company, called Share , to support and promote “social shopping.” As of mid-November, customers can purchase Share beanies and socks in all Decathlon stores and online. For each item sold, another ...
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News briefs
Inov-8 donating to restore peatlands
Inov-8 will be donating 5 percent of online and in-store sales revenues generated from Nov. 15 to 29 to the Cumbria Wildlife Trust, which will use the funds to restore peatlands in and around the U.K.’s Lake District, where the running, hiking and fitness-gear brand is based. For Peat’s Sake, ...
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News briefs
Macron replaces Adidas as sponsor of a Bulgarian team
Macron, the growing Italian teamwear supplier, has signed a deal to dress up CSKA Sofia, the leading Bulgarian football team, replacing Adidas after the expiration of its contract in May 2022. The club, which has won many championships, was born in 1948 as part of the Bulgarian Army. Separately, Macron ...
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News briefsStephen Proctor, chairman of SMS, has passed away
Stephen Proctor, chairman of Sports Marketing Surveys (SMS) for Europe and the U.S., has passed away. His family has asked to keep his age confidential. The British entrepreneur acquired the business in 1984 and led it for many years, helping to turn into one of the major consultancies in the ...
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News briefs
Deporvillage’s catalog now exceeds 100,000 items
Deporvillage’s product catalog has passed the milestone of 100,000 items. Thanks to such lockdown effects as distance work and the spike in online purchasing, home fitness has become a top segment for the Catalonian e-commerce specialist, which was recently acquired indirectly by JD Sports Fashion through its controlling interest in ...
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News briefs
Growth slows for Alibaba’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) is on the decline. This year’s 11.11 Global Shopping Festival, spread over 11 days, brought in about €74 billion in GMV, for an increase of 8.5 percent. This is the first ...
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News briefs
Denmark's Sport 24 launches a Norwegian web shop
Sport 24, the third-largest sporting goods retailer in Denmark, opened a dedicated online store for the Norwegian market on Nov. 8, in time for the Black Friday promotions and the Christmas shopping season. The digital channel already generates about 30 percent of Sport 24’s sales, which grew by one percent ...
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News briefs
Big gains at Dunlop Sports
Sumitomo Rubber’s sports business continued to improve in the third quarter, generating a 58 percent boost in operating income to 1,646 million yen (€12.6m-$15.0m) on 24 percent higher revenues of ¥24.7 billion (€188.7m-$224.0m). Dunlop Sports’ sales of golf equipment went up in all major markets, driven by higher participation numbers, ...
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News briefs
Xero Shoes debuts European website
Xero Shoes has inaugurated a European e-commerce website, at www.XeroShoes.eu, starting by offering discounts of 12 to 70 percent for a while. The American brand of “natural movement” footwear produces several models in three categories: performance, casual and sandals. The performance models cover walking, road running, trail running and hiking, ...
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News briefsDecathlon wants to double its turnover in Germany
Based on a just-launched business plan for the next five years, Decathlon Germany aims to double its turnover to €2.5 billion in terms of gross merchandising value by 2026, compared with projected levels of around €950 million in 2021 and €1.3 billion in 2020. To help achieve this goal, the ...
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News briefs
Intersport Spain has sold its HQ
According to CMDsport, Intersport Spain will be moving out of its headquarters in the city of Rubí, in the province of Barcelona, on Nov. 19. The buying group inaugurated the site in 1989 and has now sold it, for some $5 million, to an as yet unnamed investment fund. It ...
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News briefs
Supply chain issues dampen Brooks’ growth
The global growth of Brooks Running softened to an annual clip of 24 percent in the third quarter, as pandemic-related supply chain problems began to affect its ability to meet consumer demand, reducing its sales in September. It had grown faster in the first half, as its total sales for ...
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News briefs
Burton releases an Ak snowboarding apparel line with Gore-Tex
Burton’s new snowboarding apparel incorporates Gore-Tex fabrics and is named after the postal abbreviation for Alaska. The Ak line has received Bluesign approval and purports to combine waterproofing and breathability with style. The first items are the Ak 457 Gore JP Jacket and JP Bib, made with a three-layer 70D ...
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News briefs
Czech brand releases reusable, Polygiene-treated mask
The Czech brand Är has released an FFP2-certified mask that incorporates Polygiene’s ViralOff treatment, which purports to eliminate more than over percent of microbes from textiles. Unlike surgical masks, FFP2 masks filter air that comes in and air that goes out. They also therefore meet the criteria that various countries ...
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News briefs
Allbirds’ IPO proceeds rise to $348 million
The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...
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News briefs
No immediate plans for Gymshark’s IPO
Indicating that Gymshark’s sales almost doubled to £400 million (€470m-$543m) in the 12 months ended in July, Ben Francis, the young co-founder and CEO of the nine-year-old British fitness apparel company, tells The Financial Times that there are no immediate plans for it to go public. He confirmed that he ...
