News Briefs – Page 290
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News briefs
A top manager quits Sport 2000
Markus Hupach is stepping down by his own choice from his position as one of the three general managers of Sport 2000 GmbH, the new company that oversees the operations of Sport 2000 in Germany, Switzerland and the Benelux countries on behalf of the ANWR Group. With his departure, the ...
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News briefs
Decathlon partners with Conad supermarkets in Italy
Decathlon is opening a shop-in-shop at a Conad supermarket in Rivoli, an Italian town near Turin. The 310-square-meter space will sell a selection of Decathlon products with a focus on fitness, running, swimming, trekking, sports nutrition, sports bags and protective sports equipment. Customers will pay for these goods at the ...
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News briefs
Crocs implements AI solution to block unauthorized web ads
Crocs has partnered with Namogoo Technologies on the implementation of a solution that automatically prevents unauthorized and distracting ads from appearing on the Crocs e-commerce site. The Namogoo Customer Journey Hijacking Prevention solution uses artificial intelligence (AI) to identify and block these ads, which are designed to look like native ...
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News briefs
Dorel is to be taken private
Dorel Industries, the Canadian company known in our sector for its numerous bike brands (Caloi, Cannondale, GT, Mongoose, Schwinn, etc.) and also involved in home products and juvenile furniture, has reached an agreement in principle with various investors that would take it out of the Toronto Stock Exchange. In the ...
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News briefs
Footway widens e-commerce for its brands to 24 markets
Footway, the international Swedish-based shoe e-tailer, has launched a new integrated internet platform for all its operations including Sportamore, the sporting goods e-tailer that it recently acquired, widening its presence to a total of 24 markets all over Europe. The platform also houses a couple of house brands, Hoppe and ...
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News briefs
Speedo will get a new global brand director who is now in charge of Berghaus
Pentland Brands will be shifting Kev McFadyen from brand director of Berghaus to global brand director of Speedo in January. McFadyen, who assumed his Berghaus post when he was hired by Pentland in 2018, will remain on the brand’s advisory board, alongside Sir Chris Bonington and Leo Houlding. Nadine ...
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News briefs
Bradshaw Taylor acquires Sherpa Adventure Gear
Bradshaw Taylor, which has been the distributor of Sherpa Adventure Gear for many years, has agreed to take over the brand and its assets. Corry Taylor, the owner of the U.K.-based wholesaler, will be its new chief executive. Sherpa Adventure Gear will continue a partnership with Innov8 Partners for sales ...
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News briefs
Sweaty Betty is reportedly looking for a new owner
Sweaty Betty, the British brand of women’s activewear, has reportedly asked Goldman Sachs to help find a new investor. According to The Times, it is seeking a valuation of about £250 million (CONVERSION €278.16 million). The brand currently operates more than 60 mono-brand stores in the U.K., the U.S., Canada ...
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News briefs
Oberalp launches a women’s brand, LaMunt
The Oberalp Group unveiled a new brand of clothing for hiking, trekking and mountain skiing of its own, called LaMunt (“the mountain” in the Ladin language) and described as “the mountaineering brand from women for women”, at its most recent Virtual Sales Convention. The new project, which has been led ...
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News briefs
China dominates e-commerce
Citing figures from Activate Consulting, Diffusion Sport reports that four Chinese e-tailers now account for 42 percent of the world’s e-commerce, more than tripling Amazon’s share. With its 13 percent share, Amazon is not, in fact, the top player in the sector. That distinction goes to Alibaba, with 15 percent. ...
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News briefs
Slinger Bag moves into Bulgaria and Chile
Slinger Bag continues to sign up new distributors worldwide. Its innovative tennis ball launcher will be sold in Bulgaria by Ark Dream, which is also the local distributor for Babolat, under a new five-year exclusive deal. The brand has also made its first foray into the Latin American market through ...
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News briefs
Change at the top of Intersport Sverige
Markus Wibergh has resigned as president and chief executive of Intersport Sverige, just as the Swedish retail group is coming out of Chapter 11 bankruptcy proceedings. He was replaced on Nov. 2 by Pontus Petersson, who had been serving as chief financial officer since 2017, after handling business development, logistics ...
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News briefs
VF appoints a new VP of inclusion and diversity
VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I&D) in replacement of Reggie Miller, who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie & Fitch and Levi Strauss, then in an executive capacity at Nike, Old Navy ...
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News briefs
JD’s executive chairman sells shares
Peter Cowgill, executive chairman of JD Sports Fashion, has sold 2,587,326 shares in the British company at a price of 745.61 pence per share, leading to total proceeds of £19,291,102 (€21,406,962-$24,889,334). The retailer’s share price has been sliding in the last five days from around 800 pence to less than ...
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News briefs
Melchers Group combines Venice Beach and Joy Sportswear
The German Melchers Group, which has more than 50 brands from various industries under its umbrella, has reorganized its apparel segment. Its Scoretex subsidiary will serve as the “Home of Brands” for all four of the group’s sports brands. In addition to the labels Venice Beach and Curvy Fit by ...
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News briefs
Whoop is valued at $1.2 million in financing round
Here is another young connected fitness company that is commanding a high valuation. Whoop, an “athletic performance maintenance company” headquartered in Boston that provides memberships for 24/7 coaching to improve health and the free Whoop hardware that goes with it, has closed a $100 million Series E Financing round at ...
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News briefs
Lululemon releases its first comprehensive sustainability agenda
Lululemon has set its long-term sustainability strategy in its first-ever “Impact Agenda.” The document sets three focus key areas - “Be Human,” “Be Well,” and “Be Planet” - and outlines 12 goals to drive progress in social and environmental issues. These include commitments to have at least 75 percent of ...
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News briefs
Under Armour divests MyFitnessPal, will discontinue Endomondo
Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become a stand-alone company. ...
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News briefsFrasers opens its first multi-brand store
Britain’s Frasers Group, formerly Sports Direct International, opened its first multi-brand store on Oct. 31. The initiative stems from Frasers’ “elevation programme,” under the leadership of Michael Murray. The 51,000-square-foot premises are located at the Cascades Shopping Centre in the British city of Portsmouth and feature products from the Frasers ...
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News briefs
Bollé introduces AR filter for touchless sales experience
Bollé is launching a new augmented reality (AR) filter that allows users to try out its Phantom lens, found in its Nevada or Ryft goggles, and see what they look like while wearing Bollé’s helmets from their smartphone without having to physically touch the products. Once they have seen the ...
