News Briefs – Page 212
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News briefs
FESI announces a “StrongHER” sports campaign for girls
At opening ceremony in Bled, Slovenia of the annual European Week of Sport, which is being held all over Europe on Sept. 23-30, the Federation of the European Sporting Goods Industry (FESI) pledged its support for HealthyLifestyle4all (HL4A), a new initiative of the European Commission. Specifically, it will be launching ...
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News briefs
Eastpak returns to North America
Eastpak’s iconic daypack has been and still is a hot item in Europe, thanks notably to the efforts of a dynamic French-based distributor, Kostia Belkin, in the 1990s. It also enjoys a strong popularity in Asia, which was the first export market for the brand. Founded in Boston in 1952 ...
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News briefs
Sport 2000's summer business rose by 11% in Austria
Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...
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News briefs
Schöffel enlarges its executive board
Schöffel is restructuring its top management as it divides its business into two segments – Schöffel Sport for its operations in the outdoor, ski and bike sectors; and Schöffel Professional for the development of clothing for corporate and institutional clients. Stefan Merkt, who has been charge of sales for the ...
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News briefs
J.Lindeberg sees light at the end of the tunnel
J.Lindeberg has indicated that it anticipates a financial turnaround in 2021, after posting losses of more than 90 million Swedish kronor (€8.9m-$10.4m) in 2019 and SEK 20 million (€1.9m-$2.3m) in 2020. Sales are expected to grow by SEK 50 million (€4.9m-$5.8m) as compared to last year, driven by an increase ...
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News briefs
Under Armour in talks with a new Russian franchisee
Under Armour confirms a report that it is in negotiations with a new potential franchise partner to develop its Brand House retail format in Russia. The first stores may be opened in Russian shopping centers in the autumn of 2022, according to local sources. The new franchisee would take over ...
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News briefs
Decathlon opens corners in Silpo supermarkets in Ukraine
Decathlon continues to work with other retailers in various countries, including the Ukraine. The leading international sports retailer has opened 20 corners in Silpo supermarkets in Kiev and nine other big Ukrainian cities, including some in which it already has its own stores. Currently, the product range is limited to ...
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News briefs
Mirror’s founder and CEO is resigning
CNBC has obtained a copy of a memorandum from Lululemon’s management informing its employees that Brynn Putnam is resigning as CEO of Mirror, the U.S.-based producer of connected wall-mounted screens for workout streaming that Lululemon acquired in June 2020 for $500 million. The memo was signed by Putnam herself and ...
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News briefsPatagonia supports global climate strike on Sept. 24
This Friday, Sept. 24, youth activists and engaged citizens worldwide will strike to demand climate justice. Patagonia is supporting the protest to put pressure on world leaders and ensure that attention is paid to the people who are already experiencing the worst effects of the climate crisis first-hand. The U.S.-based ...
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News briefs
WFSGI boosts the representation of the bike and manufacturing sectors on its board
The World Federation of the Sporting Goods Industry (WFSGI), which held its World Cycling Forum in Munich in connection with the IAA Mobility show earlier this month, has announced the election of two prominent new board members from the bicycle industry and of a new representive of Apache Footwear on ...
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News briefs
New Balance faces new complaint over its made in USA label
A consumer advocacy organization, truthinadvertising.org, has filed a complaint with the U.S. Federal Trade Commission (FTC), asking it to investigate the validity of New Balance’s “made in USA” label, which it uses in at least a dozen models of footwear. According to the complaint, NB claims “a domestic value of ...
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News briefs
Sugi is licensing Sergio Tacchini footwear for Europe
Sergio Tacchini Europe has signed a long-term licensing deal with Sugi International for the development, production and distribution of a new line of Sergio Tacchini footwear that will “significantly upgrade the quality and breadth” of the line, while expanding its distribution. The deal covers many countries in Europe, including Russia, ...
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News briefs
Celebrities invest in Hydrow prior to a possible IPO
Following a business model that is becoming more common in the industry, various celebrities participated in a new funding round for Hydrow, the connected rowing equipment brand. Indicating that its sales jumped by 500 percent in the past year, the company also announced the appointment of a chief commerciale officer, ...
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News briefs
IIC hires a Salomon executive as GM for mountain sports
Intersport International Corp. (IIC) has officially announced the appointment of Denis Levet, who has worked for Salomon since 2004, as the retail organization’s new general manager of mountain sports. The 44-year-old French native, who started his career at Decathlon 18 years ago, will replace Matthias Klopfenstein in the role next ...
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News briefs
Nike is once again SportsPro’s most marketable brand
Nike has remained atop the heap in the 12th edition of SportsPro’s list of the World’s 50 Most Marketable (50MM) Brands, compiled by the sponsorship analytics firm Hookit. Nike scored 8.77 billion engagements, 58 percent more than in the previous year, leading to a 34 percent increase in sponsorship value ...
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News briefs
Driven by DTC and online, Norway’s sporting goods market grew by 16.5% in 2020
While exceeding 10 percent, the growth in Norway’s sporting goods industry from 2019 to this past January was too low – or so says Trond Evald Hansen of the Norwegian Sports Industry Association. Hansen’s calculations are more comprehensive than those compiled by various organizations in some other countries, as they ...
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News briefs
Sports Direct is fined for spamming customers
The U.K. Information Commissioner’s Office (ICO) has fined Sports Direct and two other firms for spamming consumers with unwanted marketing messages over the internet, according to The Telegraph. The British sporting goods retailer has been fined £70,000 (€81,500-$95,600) for sending 2.3 million e-mails to former customers from December 2019 to ...
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News briefs
On Running gets involved in tennis
On Running, which counts Roger Federer among its investors, has signed on to become an official footwear sponsor for the Laver Cup, a tennis tournament due to be played out in Boston on Sept. 24-26. The Swiss company has designed a limited-edition, comfortable and stylish Roger Advantage Laver Cup shoe ...
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News briefs
New investor for Finland’s FootBalance
FootBalance, the Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited, which has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefs
Keen launches social commitment bonus program
Keen Footwear has launched the “Keen Corps” program, a bonus program for voluntary work, donations to non-profit organizations and purchases. With the loyalty rewards program, the American footwear producers aims to reward those who give back to the community. Registered customers can earn points in exchange for access to exclusive ...
