News Briefs – Page 220
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News briefs
Connected gym equipment market to see 27% CAGR through 2025
The global connected gym equipment market is expected to register a compound annual growth rate (CAGR) of nearly 27 percent during 2021-2025, marking an incremental growth of $11.12 billion during the period, according to a new report by Technavio. The market is fragmented and the degree of fragmentation is expected ...
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News briefs
Physical activity helps kids to prevent the long-term effects of heavy digital media use on their weight
Obesity, which is partly connected with the time spent using digital media, typically in sedentary mode, has exponentially increased among young people in recent decades. A heavy use of digital media during childhood is associated with a risk of being overweight at a later stage, as shown through a new ...
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News briefs
Decathlon Australia fined over incorrect safety warning labels
The Australian branch of Decathlon has been fined A$1.5 million (€928,000) by Federal Court Justice John Nicolas for selling portable pools and basketball hoops that failed to comply with Australian safety standards between 2016 and 2019. The warning labels were either too small or lacking the mandatory wording: “Children have ...
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News briefs
RunLab’s new app helps try out the right sports shoes
A specialized Russian sporting goods retailer, RunLab, has launched a new proprietary application that helps customers choose the most suitable sports shoes better than any other similar technology available on the market, according Eugeny Gavrilov, co-owner of RunLab. “Knowledge of the physiology of sports and an understanding of the biomechanics ...
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News briefs
Nike to change name of its Alberto Salazar building
According to Fashion News, Nike is changing the name of one of the buildings at its headquarters – in Beaverton, Oregon – from Alberto Salazar to Next%, the name of the distance-running line of sneakers that Eliud Kipchoge wore when he delivered a sub-two-hour time in an unofficial marathon. Back ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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News briefsMesse München deploys a 5G network
Exhibitors and visitors at ISPO Munich and other shows organized by Messe München may be able to work on the internet faster in the future.Messe München has announced that it will join forces with the mobile communication operators Telekom, Vodafone and Telefónica Deutschland/O2 to launch one of the world’s most ...
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable materials company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category, reducing the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals and with minimal CO² emissions. ...
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News briefsChris Hammann is K2 Sports’ new country manager for Germany
Source: K2 Sports Chris Hammann A sporting goods industry expert, Chris Hammann, has jumped on board at K2 Sports starting Aug. 1, taking over the role of country manager for Germany at the K2 Sports office in Penzberg near Munich. He succeeds Karsten Möhrer, who has left ...
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News briefs
Reebok introduces the Human Rights Now! Collection
Reebok has officially debuted the Human Rights Now! Collection, a long-term product platform that is meant to communicate the brand’s mission to inspire human rights and human movement. This collection features graphics inspired by the 1988 Human Rights Now! World Tour, a 20-stop concert series organized at the time to ...
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News briefs
Unisport to sell Liverpool FC merchandise
Liverpool FC has come to terms with Unisport, the Danish-based retailer specializing in team sports, for the sale through its retail network of the English football club’s official merchandise, including the fan jerseys and other products licensed to Nike. The deal concerns both online and brick-and-mortar retail. Unisport operates out ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport Apparel Corp., a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale of Los Angeles for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or ...
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News briefs
Russia is eyeing a bid for the 2036 Olympic Games
Russia is considering the possibility of organizing the 2036 Olympic Games in St. Petersburg or another Russian city. Several other cities have already submitted their bids, said the Russian Foreign Minister, Sergey Lavrov, at a meeting with Olympic champions and medalists in the Sambek village, in Russia’s southern Rostov Region, ...
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News briefs
Castore partners with Coral Eyewear “performance-based lifestyle” sunglasses made with Econyl
Castore and Coral Eyewear have formed a new partnership and product collaboration, designed to enable both brands to expand their use of recycled materials. Through the collaboration, the companies have unveiled the Castore x Coral sunglasses, which are created with regenerated ocean waste. The sunglasses are made with Econyl regenerated ...
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News briefs
On Running’s new shoe promises to extend running distance
With its new shoe, On Running is pledging to double the distance that runners can run. The Cloudstratus sneaker has a double outsole, called CloudTec, and a midsole with Helion superfoam. Three-quarters of the mesh upper is made of recycled polyester, and the shoe has a widened forefoot and narrower ...
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News briefs
Frasers to open two stores in Ireland
Frasers Group is opening two House of Fraser department stores in the Irish cities of Cork and Kildare, at the Mahon Point and Whitewater malls, respectively. Each will be taking over a site of about 75,000 square feet formerly occupied by a Debenhams. Both will also have two floors, with ...
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News briefs
Everlast signs up Muhammad Ali’s grandson
Everlast has announced that Nico Ali Walsh has joined the brand’s roster of elite athletes. Ali Walsh is the grandson of Muhammad Ali, who was one of Everlast’s earliest sponsored athletes. The new partnership between the brand and Ali Walsh coincides with the boxer’s debut fight, which will take place ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000%. It will use the proceeds to redeem all its outstanding 6.375% notes due in 2026 and 5.000% notes due in 2026. The group said it ...
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News briefs
Naomi Osaka teams up with an artist on co-designed Yonex tennis products
Naomi Osaka has collaborated with an influential Japanese artist, Takashi Murakami, to co-design a limited-edition Yonex tennis racquet and the accompanying bag. Osaka and Murakami have re-imagined the silhouette of the Ezone racquet, decorating it with the artist’s signature cherry blossom motif atop a white base. The player’s name, “Naomi,” ...
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News briefs
New Balance partners with The Renewal Workshop for a New Balance Renewed program
New Balance has teamed up with The Renewal Workshop (TRW), a provider of circular solutions for the apparel and textile industry, to create New Balance Renewed. The new collaborative program is designed to give a second life to New Balance’s apparel, helping to keep it out of landfills. New Balance ...
