News Briefs – Page 316
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News briefsNew mid-December timing for Expo Riva Schuh
Expo Riva Schuh, the leading international shoe fair for the low and medium segments of the footwear market, where many low-priced sneakers and other types of footwear are exhibited twice a year, is bringing forward the winter edition of its trade show, making it happen along with the Garda Bags ...
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News briefsXXL expects a sales rebound of 25-30%
Mentioning a “strong” spring/summer season for sports retail in the Nordic markets following the Covid-19 situation, XXL ASA said it now expects an increase in its revenues of 25 to 30 percent for the second quarter ending on June 30, as compared to the year-ago period, which could generate an ...
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News briefs
WBIA joins new WHO’S task force
The World Bicycle Industry Association (WBIA) has been invited to participate in a new task force to develop “Principles of Green and Healthy Sustainable Transport.” The task force is part of THE PEP (Transport, Health and Environment Pan-European Programme), a joint body of the World Health Organization (WHO) and the ...
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News briefsMerrell names new chief marketing officer
Merrell has announced the appointment of Janice Tennant to the position of chief marketing officer, reporting directly to the brand’s global brand president, Chris Hufnagel, and joining its senior leadership team. Tennant has more than 18 years of global brand-building experience, most recently serving as chief marketing officer for Cat ...
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Boardriders sees it credit rating lowered
Standard & Poor’s has downgraded Boardriders’ debt rating to CCC+ from B- after the company reported that it recorded “severely negative” Ebitda on 40 percent lower revenues for the second quarter ended on April 30, indicating that it may need additional liquidity to meet its obligations. Ebitda is expected to ...
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News briefs
Sport 2000 organizes virtual order show for its running segment
Due to the current market situation and uncertainty about future legal restrictions associated with the coronavirus epidemic, the German retail organization of Sport 2000 has replaced its Order Show 4 / Running Special (June 14-16) with a virtual event. It is still uncertain whether the Outdoor Professionals Show (July 5-7), ...
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News briefs
Paris Surf & Skate Film Fest is open for submissions
The fifth edition of the Paris Surf and Skate Film Festival (Sept. 24-27) is open for submissions until July 14. This year, the organizers have announced a new category for music videos with a predominant surf or skate theme. Details and registration are available at pssff.fr.
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News briefs
Tokyo to cut costs on postponed Olympics
(updated) Two-thirds of the japanese companies that were planned to be a sponsor of the Tokyo 2020 Olympic Games are having second thoughts about maintaining their commitment until next year, according to the Japanese TV channel NHK. The survey was aired after members of the organizing committee of the Games ...
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Intersport’s head of marketing moves to Hervis
David Tews, marketing director of Intersport Deutschland since 2014, changed companies in June and is now responsible for international marketing at one of the biggest Austrian sports retailers, Hervis Sport. Tews a further addition to the growing management team of the international retail chain. In May, the company, which belongs ...
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News briefs
Puma cooperates with the designer Billy Walsh
Puma and Billy Walsh, a designer based in Boston, have developed a joint collection. According to Puma, Walsh is one of the most innovative creative minds of our time. His creative work is said to be versatile, ranging from fashion design to songwriting. Above all, he is a well-known name ...
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News briefs
Vincent Wauters quits Hunter Boots
Vincent Wouters, the former president of Arc’teryx who became the chief executive of Hunter Boots in 2016, will be stepping down “by mutual agreement” at the end of July to pursue new opportunities, said the Edinburgh-based company, adding that it is launching a “strategic review” of its operations. This comes ...
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Responding to unrest in the U.S., Adidas pledges to make three investments
In reaction to the unrest in the U.S. over the death of George Floyd at the hands of police officers in Minneapolis, Minnesota, a group of black employees working for Adidas in the U.S. recently addressed a 32-page document, titled “Our State of Emergency,” to the company’s executives. According to ...
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News briefs
Hanesbrands will soon have a new CEO
Champion’s parent company, Hanesbrands, has appointed Stephen B. Bratspies as its new chief executive, granting him a seat on its board of directors. He will be taking these posts on Aug. 3, thereby succeeding Gerald W. Evans Jr., who already announced his retirement after 37 years with the company, staying ...
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More anti-virus technology
Graphene Composites (GC) and G-Form have joined forces in the development and distribution of a virus-killing ink that can be used to pre-treat both medical equipment and athletic apparel or footwear. Utilizing an innovative technology from GC, G-Form medical protective equipment and athletic gear/apparel will be pre-treated with a GC ...
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News briefs
Adidas will hold a virtual AGM
The supervisory board of the Adidas Group has decided to hold its annual general meeting in a purely virtual format on Aug. 11, using a dedicated portal on the group’s website, www.adidas-group.com/agm. Shareholders of record who have registered for the AGM will be able to submit questions on the portal ...
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Tecnica donates for Covid-19 aid
In the U.S., Tecnica said that it will donate $10 on every pair of shoes sold in the country between June 10 and July 31 to the Covid-19 Crisis Relief Fund of the Two Ten Footwear Foundation. The fund aids employees in the footwear sector, particularly store employees, and their ...
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Zumiez has weathered the corona crisis relatively well
Zumiez has reported a 35.3 percent dip in its global sales for the first quarter ended on May 2, but indicated that the rate of decline has slowed in subsequent weeks. On May 2, only 9 percent of its 719 stores in North America, Europe and Australia were open. By ...
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News briefs
Nike signs a female football player from Norway
Nike has signed a 10-year endorsement deal with Ada Hegerberg, a striker for the French Olympique Lyonnais football club. AFP, the French news agency, reports that the deal is worth more than €1 million, whereas Forbes reports that Hegerberg will be receiving a six-figure annual fee. The 24-year-old Norwegian was ...
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News briefsRose Marcario leaves as CEO of Patagonia
Rose Marcario is stepping down as chief executive of Patagonia on June 12, after 12 years with the company, the last six as CEO. She joined Patagonia as chief financial officer in 2008 after spending 15 years in private equity. Patagonia’s chief operating officer, Doug Freeman, will take her place ...
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Ultimate Nordic acquires Altra’s distributor
Ultimate Nordic is taking over Getvital Sports, adding Altra running shoes and Injinji socks and technical running equipment to its portfolio of sports and outdoor products, which also includes Buff, Stanley, LedLenser and Soto. Ultimate Nordic is a Norwegian distributor, formerly called Trygve Alm. Established in 1928, it is a ...
