News Briefs – Page 297
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News briefs
Covid has affected the sports industry badly
The sports industry, intended as the organization of sports events and related betting and licensing activities, is estimated to have lost between 30 and 40 percent of its revenues because of the Covid-19 pandemic, based on a study conducted by PriceWaterhouseCoopers (PWC), and its recovery will be slow. A survey ...
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News briefs
Eurobike is shrinking
Physical attendance at the special Nov. 24-26 edition of the Eurobike show in Friedrichshafen will be limited to 10,000 trade-only visitors per day. Only 400 exhibitors will participate in the leading European bike show, compared with more than 1,400 in September 2019. Described by the organizers as ”The Place to ...
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News briefsMIPS starts its own team of sponsored athletes
MIPS, the Swedish supplier of helmet-based brain safety and protection equipment, has announced the formation of its first professional athletic team, “Team MIPS.” The team will serve as an “ever-growing global force of helmet safety advocacy,” with athletes from around the world with a wide range of backgrounds and professional ...
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News briefsNorrøna opens factory in Lithuania
Norrøna reveals that it has just opened its own new factory in Kaunas, Lithuania, which has been developed and built since 2018 to make highly functional products with more sustainable premium-quality clothing. “Having our very own factory also allows us to improve innovation and flexibility,” the Norwegian sports apparel brand ...
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News briefsJack Wolfskin has a new CFO
André Grube is the new chief financial officer of Jack Wolfskin. On Oct. 1, he took over responsibility for the company’s financial division as well as the tax & legal, human resources and office management departments of the German outdoor brand, which has been the property of Callaway Golf since ...
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News briefsThe North Face launches the Explorer Team
The North Face (TNF), whose motto is “Never Stop Exploring,” has announced the launch of a new team of special people from all over the world who see themselves as explorers or adventurers – from scriptwriters and photographers to trail runners and powder enthusiasts. Members of TNF’s new ”Explorer Team” ...
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News briefs
Smith contributes to be better than expected results for Safilo
Safilo estimates that its net sales grew by a mid-single-digit rate at constant exchange rates in the third quarter as compared to the same quarter of 2019. It also expects a return to a profit at adjusted Ebitda level. Previously, the company had forecast a moderate decline in sales for ...
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News briefsDecathlon benefits from multi-channel model in Germany
Decathlon Germany will close the 2020 fiscal year with seven new openings and two expansions. They will more than offset the closure of five units including the French company’s first outlet in the country, opened in 1986 in the Kley district of Dortmund, and the small Decathlon Connect store opened ...
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News briefs
Reebok appoints new VP of creative direction
Reebok has appointed Kerby Jean-Raymond, a Haitian-American fashion designer, to the position of vice president of creative direction, in replacement of Karen Reuther. He will be working with the product, global marketing and development teams. He will also join Reebok’s senior management, which reports to the brand’s president, Matt O’Toole. ...
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News briefs
New lease on life for Karstadt Sports' parent
A local court has lifted Galeria Karstadt Kaufhof’s protection from its creditors, which it had granted in April to the Austrian-owned operator of the Karstadt Sports chain and the Galeria Kaufhof and Karstadt department stores. The move follows a recent settlement with the group’s creditors and the renegotiation of leases ...
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News briefs
Dainese buys TCX
The Dainese Group has announced its takeover of TCX, a well-known Italian brand of motorcycle shoes and boots that can be worn for racing, off-road, urban and leisure purposes, based in Montebelluna. The acquisition will further strengthen the position of the Dainese and AGV brands in the footwear sector. TCX ...
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News briefs
Johnston & Murphy returns to golf
Johnston & Murphy, the American brand of men’s shoes owned by Genesco, is launching its first line of golf shoes in nearly 20 years, capitalizing on the rising popularity of golf because of the corona pandemic. The new collection is made up of hybrid golf shoes that can also be ...
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News briefs
Himaraya books a loss, citing the Olympics’ cancellation
The postponement of the Tokyo 2020 Olympics and the cancellation of many other sports events weighed on Himaraya’s performance. The Japanese sporting goods retailer ended with a loss of 789 million yen (€6.3m-$7.3m) in the fiscal year ended on Aug. 31, compared with a net profit of ¥587 million for ...
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News briefs
Save the Duck opens its second Milan store
Known for outerwear made exclusively with animal-free and “cruelty-free” materials, Save the Duck was,in June of last year, the first Italian fashion company to receive B Corp certification for the sustainability of its products and processes. In contrast with Moncler or Canada Goose, it produces its stylish jackets and parkas ...
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News briefs
Two Norwegian distributors join forces
Spex Holding is acquiring all the shares of two Norwegian wholesale distribution companies, Beach Mountain and Response Nordic. As reported by the Norwegian Sports Industry Association, Invest42, until now the sole owner of Beach Mountain, is becoming a co-owner of Spex. Both Beach Mountain and Response Nordic, which is already ...
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News briefsHuski Wear, a new Swedish-based skiwear brand
With the backing of a Chinese firm and a brand of hot chocolate, three veterans of the sports apparel industry, Lena Claesson, Magnus Liljeblad and Jonas Olsson, have launched a digital-only brand of sports apparel in Gothenburg, Sweden, called Huski Wear. Claesson was formerly design and product director at Peak ...
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News briefs
Henri Lloyd will slash prices by going DTC
Henri Lloyd, the British brand of sailing and sailing-inspired clothing, is promising that consumers will pay on average 40 percent less for its products as the company has “cut the middle-men,” according to an Instagram post. It plans to concentrate on its direct-to-consumer business as it severs ties with more ...
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News briefs
Ongoing growth for wearable devices
Despite the Covid-19 pandemic, which created bottlenecks along the supply chain, the global wearables market is expected to grow by 14.5 percent to 396.0 million units in 2020 in terms of deliveries, and to continue to increase at a compound average annual rate (CAGR) of 12.4 percent through 2024, according ...
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News briefsAllbirds is reportedly worth $1.7 bn in a funding round
Allbirds, the Californian brand of sustainable footwear made with wood and wool fiber, has closed a new $100 million Series E funding round led by Franklin Templeton, alongside T. Rowe Price, Baillie Gifford, TDM Growth Partners, Rockefeller Capital Management and other investors. According to The Wall Street Journal, which cites ...
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News briefs
Changes in the sales team at Chris Sports
Chris Sports, a Swiss distributor for numerous sports, bike and outdoor brands such as Giro, Kari Traa, Keen, Elevenate, Evoc and Mountain Hardwear, is reorganizing its business unit for hardgoods and bike products in the same way as its softgoods/shoes department – with only one sales manager – due to ...
