News Briefs – Page 294
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News briefs
Hybrid fabrics are growing fast
The hybrid fabrics market is expected to reach $418 million by 2027, representing a 9 percent CAGR (compound annual growth rate) growth from 2020 to 2027, according to a new study by Allied Market Research. The growth will be primarily driven by the increasing success of lightweight fabrics, a surge ...
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News briefsInternetstores appoints a chief brand officer
Internetstores has added a chief brand officer (CBO) to its management team. Alongside Hans Dohrmann, Thomas Spengler, Raid Naim, Olivier Rochon and Martin Netinder, Frank Aldorf is now part of the company’s management board. In his new function as CBO, Aldorf is now responsible for the purchasing department of Europe’s ...
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News briefs
Sport 2000 expands in the Czech Republic and Slovakia
Sport 2000 Austria reports that A3 Sport, a major sporting goods retailer with an online store and 75 physical shops in the Czech Republic and Slovakia, has joined the retail organization. Most of the stores will be rebranded with a dual logo. The buying group says that the partnership will ...
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News briefs
Columbia’s new jackets trap heat with dots
Columbia Sportswear has introduced what it claims is the industry’s first external thermal shield against cold weather. The exterior of each jacket in its new Omni-Heat Black Dot collection is covered by thousands of dots made of aluminum and coated in black. These dots collect heat from scattered sunlight, and ...
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News briefs
Millet Mountain Group will soon have a new boss
Romain Millet will take over from Frédéric Ducruet as the new managing director of the Millet Mountain Group. Ducruet had been at the helm for the past seven years, and has worked for Millet for 19 years. According to reports in sport-guide.fr, Millet will be appointed to the new role ...
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News briefs
Gore’s chairman becomes its CEO
Bret Snyder, chairman of W. L. Gore & Associates, succeeded Jason Field as president and chief executive of the company on Oct. 9. Field will be staying through December for the transition. Snyder has been chairman since 2016 and will retain his seat on the board. He is the grandson ...
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News briefs
Soöruz wins prize from EuroSima and OSV
Soöruz has won the €5,000 Innovator Of The Year prize from EuroSima and Outdoor Sports Valley (OSV), chiefly for its its Bioprene and Oysterprene wetsuits. Soöruz beat 12 other companies before a jury of EuroSima representatives, OSV cluster partners, and innovation and sustainability experts. Founded in 1999 by Yann Dalibot ...
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News briefs
Nautilus sells Octane Fitness
True Fitness Technology acquired Octane Fitness from Nautilus for $25 million on Oct. 14, assuming $3 million in warranty liabilities and $0.5 million in vendor recourse lease obligations. The chief executive of Nautilus, Jim Barr, says in the company’s press release that the sale should “streamline our operations and accelerate ...
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News briefs
Frasers’ shareholders approve a special bonus scheme
Asked to comment on British press reports on the subject, Frasers Group, the owner of the Sports Direct chain of sports shops and other assets, says that its annual general meeting last week approved a special new £100 million (€110m-$129m) bonus program that would be open to the majority of ...
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News briefs
Decathlon opens a shop-in-shop at Auchan in Orléans
Decathlon has inaugurated its first shop-in-shop in collaboration with the Auchan chain of hypermarkets. Both retail banners are controlled by the Mulliez family and many of their stores in certain countries are located in the same shopping malls. The new Decathlon shop-in-shop is located at the Auchan hypermarket in Saint-Jean ...
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News briefs
Only three managers at the helm of Intersport Deutschland
Intersport Deutschland is no longer looking for a successor to Mathias Boenke, the 54-year-old manager who joined its executive board in 2018 after building up Intersport Austria. Boenke had indicated that he was going to remain in the post for as long as necessary until the expiration of his contract ...
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News briefs
Blue Tomato expands in Finland
Blue Tomato is opening its second and third stores in Finland, a country where many customers have been ordering from its website for many years. The Austrian-based action sports retailer owned by Zumiez started working offline there a year ago with a shop in Helsinki. New ones will follow in ...
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News briefs
Castore may counterbid to sponsor AC Roma
Castore, the young British brand of team sports clothing, is expected to join the race to dress the AS Roma football team, competing with New Balance, and maybe also with Adidas. New Balance was said to have replaced Under Armour as the front-runner in the contest, but according to SportsPro, ...
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News briefs
YKK wants to be climate-neutral by 2050
At this week’s Copenhagen Fashion Summit, YKK, the leading manufacturer of fasteners and trims, announced its YKK Sustainability Vision 2050, which among other things is intended to serve as a roadmap for the company to achieve net-zero emissions by 2050. The five themes of the mission statement are (1) combating ...
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News briefs
Adidas holds digital festival for loyalty program members
Adidas has launched a “digital festival” for its loyalty program. Creators Club Week runs for seven days from Oct. 13 and is, according to the company, the first event of its kind. Adidas’ “global member community” will be privy to the company’s largest single introduction of exclusive and limited-edition ...
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News briefsWolverine takes its sales conference again digital
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B, taking its buyers’ conference digital. The American company was obliged to cancel its Global Brand Conference in the spring, depriving its 12 brands of a means to introduce their new products to the ...
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News briefs
Black Diamond partners with POW and FWT
Black Diamond Equipment announced a new partnership with Protect our Winters (POW), the organization that focuses on climate advocacy. Additionally, Black Diamond and Pieps have renewed their partnership with the Freeride World Tour (FWT) as the official supplier and safety partner of the event, providing athletes with critical snow safety ...
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News briefsBurton opens new Hub in Stockholm, appoints new managers for the Nordics
Burton Snowboards will open a new multi-use space, referred to as the Burton Hub, at Norrlandsgatan 20 in Stockholm, Sweden, on Oct. 15. After establishing the concept of combining retail store, showroom, and office spaces already in Innsbruck, Munich, and Zurich, the company now expands to Scandinavia. The new Burton ...
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News briefs
Pentland has a new global brand director for Canterbury and Mitre
Pentland Brands has made Jodie Soussan its global brand director for the Canterbury and Mitre brands. Replacing Charlotte Cox, who has been promoted to president for EMEA, she will be reporting to the future chief marketing officer, Penny Herriman, who will take up her post later this year. Soussan joined ...
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News briefs
Zalando raises its own expectations
Zalando is performing better than expected. It is now projecting an adjusted operating profit (Ebit) of between €375 million and €425 million for the full 2020 financial year on an increase in total revenues of between 20 and 22 percent. As usual, the growth will be driven by an increase ...
