News Briefs – Page 257
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News briefs
BSI calls for a revised German Supply Chain Act
In a public statement, the German Sporting Goods Industry Association (BSI) has criticized a German government bill that would force German companies with more than 1,000 people to comply with human rights in their supply chain. It targets the textile, electronics, chemical, pharmaceutical, food and automotive industries and is intended ...
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News briefs
Big gains in Italy’s bike consumption and production
A total of 2.01 million bicycles were sold in Italy in 2020, or 17 percent more than in the previous year, according to data provided by the Italian bike industry association, ANCMA. The coronavirus pandemic contributed to the strong increase, driving the demand for socially-distanced and sustainable urban mobility options. ...
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News briefs
Foot Locker has a new CFO, earns praise from Moody’s
Moody’s has confirmed Foot Locker’s positive Ba1 corporate family rating, in spite of Covid’s effects on its business, considering that its liquidity is very good. Other assets are its scale, geographic diversification and well-recognized brand names. Key risks are the chain’s narrow focus on the fashion-sensitive premium athletic footwear and ...
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News briefs
New finance director for Under Armour EMEA
Under Armour is going to relocate Chris Goodall from Panama to Amsterdam to serve as financial director of the company for the EMEA region. The former financial planning and analysis manager at Hackett London had been appointed to a similar role at UA in Panama in 2015, with responsibility for ...
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News briefs
Slinger Bag reports strong sequential growth
While beginning its diversification into the growing sports of padel and pickleball, Slinger Bag, the young supplier of portable tennis ball launchers recently quoted on the over-the-counter market, reports a strong sequential improvement in its quarterly revenues. They rose to $4.12 million in the third quarter ended Jan. 31 from ...
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News briefsInov-8 launches first running shoe with graphene in the midsole
As planned, Inov-8 presented a new ultratrail running shoe that is the first one to use graphene in midsole, after testing various mixes with high-tech polymers over a total distance of 18,000 km. The English brand claims that its graphene-enhanced midsole offers 25 percent more energy return than an industry-standard ...
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News briefs
Zalando splits its marketing department
Zalando’s head of global marketing, Barbara Daliri-Freyduni, has resigned. She had been with the German e-commerce company since October 2019, when she was hired to be its senior vice president of demand. Before that, she was at or near the top in the management of marketing operations at Microsoft for ...
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News briefs
The European Outdoor Summit will be integrated into OutDoor by ISPO
The European Outdoor Group (EOG) has confirmed that this year’s European Outdoor Summit (EOS) will be combined with the Oct. 5-7 edition of the OutDoor by ISPO Global Summit trade show to create one major European outdoor industry event. This year’s EOS was originally going to be hosted by ...
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News briefs
New funding round values Fanatics at $12.8 bn
Fanatics raised another $350 million from existing shareholders in a round that valued the giant U.S.-based online licensed apparel group at $12.8 billion. It was more than double the $6.2 billion valuation that it received through a previous $350 million round last August. Investors thought at the time that it ...
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News briefs
Peloton makes new acquisitions, moves into Australia
Peloton has announced the completion of three new acquisitions: Aiquido, a company that has developed an AI-power digital voice assistant; Atlas Wearables, a producer of fitness-centered smartwatches; and Otari, the developer of an interactive workout mat with an attached LCD screen. In another new initiative, it announced earlier this month ...
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News briefs
At least seven more JD stores in Spain are in the works
JD Sports is expanding rapidly in Spain, where it has already set up a network of a dozen stores in the last couple of years. It has just opened a store in a shopping center of Madrid, La Vanguardia, and according to CMDsport, it is planning to add two others ...
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News briefs
JD takes Size? to Canada
JD Sports Fashion has opened its first Size? sneaker shop outside Europe in Toronto. It has also launched a dedicated web store for the Canadian market, www.size.ca. The chain’s expansion in Canada is expected to continue with a store in Vancouver later this year, followed by a second one in ...
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News briefs
Castore debuts in golf, signing up Patrick Reed
Castore has announced the signing of Patrick Reed as a new ambassador. The move marks Castore’s debut in golf. Reed is also the first non-British athlete to join the brand’s roster of athletic ambassadors. The 30-year-old U.S. golfer, who is currently world number seven in the sport, was the winner ...
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News briefs
Saucony launches its first 100% natural sneaker
Saucony has introduced the Jazz Court RFG, a sneaker that contains zero plastic and was made using only seven natural materials: cotton, jute, wool, rubber, wood, gardenia and beet. It is the brand’s first 100 percent sustainable sneaker. The acronym “RFG” stands for “Run for Good,” Saucony’s ethos and global ...
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News briefs
K-Way teams up with Stade Français
K-Way has announced a partnership with Stade Français on a new collection that comprises two windbreakers (the Vrai Claude 3.0 and Vrai Eiffel 3.0) and a K-pouch (the Vrai Kilian 3.0). Stade Français is a French professional rugby union club based in Paris. The club competes in the Top 14 ...
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News briefs
The German fitness industry suffers a 24% decline in turnover
After more than 30 years of ongoing growth, the German fitness industry registered a 24.5 percent decline in turnover to €4.16 billion in 2020 as the Covid-19 pandemic heavily impacted gyms. The figures come from a report titled Eckdaten der deutschen Fitness-Wirtschaft 2021 [Tr.: Key data from the German Fitness ...
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News briefs
Yeezy is valued at over $3.2 bn
Sales of sneakers resulting from Yeezy’s collaboration with Adidas grew by 31 percent to nearly $1.7 billion in 2020, according to a document compiled by UBS, details of which were reported by Bloomberg. According to the Swiss bank, the partnership generated $191 million in royalties for Yeezy, the sneaker and ...
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News briefs
Decathlon is recovering and expanding in the U.K.
This month Decathlon will be opening a two-floor, 35,000-square-foot experiential flagship at the Trinity Leeds mall in the British city of Leeds. The store will make products available for customers to touch, and maintain a repair shop for bicycles, kayaks and tents. According to Fashion Network – which quotes the ...
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News briefs
Munich court opens case against 21sportsgroup’s CEO
Judicial authorities in Munich are reportedly carrying out an investigation for fraud against Georg Kofler, a German entrepreneur who was appointed CEO of 21sportsgroup after acquiring a stake of 40 percent in the German multi-channel sports retailer along with other media investors in mid-2018. Kofler is said to have promised ...
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News briefsRossignol drives a mobile showroom through Germany and Austria
Rossignol has informed the German press that it is using a special car trailer as a mobile showroom in Germany and Austria. A French spokeswoman for the group says it is a trailer developed by Felt, the group’s American brand of road bicycles. It is currently used only in those ...
