News Briefs – Page 326
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News briefs
Stella’s Q1 revenues drop by 16%
In a business update for the first quarter, Stella International said it recorded a fall in manufacturing revenues and shipment volumes, due to the delayed resumption of production at its factories in China after the Lunar New Year owing to the coronavirus outbreak.The management also blamed seasonal orders pattern with ...
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News briefs
Vibram launches new shoe
Vibram is launching the FiveFingers V-Train 2.0, a new model for the spring/summer 2020 collection, for men and women. The shoe is designed for indoor physical activities like pilates or yoga, as well as for heavy workouts that require endurance and agility. The new model is available in black/black, black/blue ...
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News briefs
Nike UK kids
Nike and Ukactive Kids have launched Move Crew, a new initiative designed to help children reach their 60 minutes of daily recommended activity. Ukactive is a British not-for-profit health organization for the physical activity sector. The Move Crew initiative sets daily “activity missions” for children to complete. A new Move ...
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News briefs
Nike Earth Day
Nike has celebrated this year’s Earth Day (April 22) by launching a new program on nike.com that makes it easier to search, shop and learn about the sustainable features of its products. Thanks to a new “Shop Sustainable Materials” tab in the navigation, it is now easier to spot sustainable ...
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News briefs
Rossignol appoints a global director
The Rossignol Group has made François Goulet its global director, according to sport-guide.com. The appointment follows the departure of the vice president for Europe, François Benaben, after more than eight years with the group. The group’s president and chief executive, Bruno Cercley, explained to sport-guide.com that “it makes sense in ...
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News briefs
Polygiene is trending up
Polygiene stabilized its business in 2019, with sales declining by just 0.3 percent to 68.8 million Swedish kronor (€6.34m-$6.82m), with cash flow improving and turning positive. Sales actually grew by 6.3 percent excluding the divested Protective Surfaces business, but the operating margin declined and the company ended up with a ...
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News briefsIspo Munich 2021 dates changed to avoid overlap with OR
To avoid overlapping with the Outdoor Retailer Winter Market in the U.S. (Jan. 27- 29), Messe München has postponed the next Ispo Munich to Jan 31 to Feb 3, 2021. Originally, the event was scheduled to run from Jan. 28-31. The new dates will bring the show back to the ...
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News briefs
Former Sports Direct has some problems
Frasers Group says the current uncertainty caused by the Covid-19 “shock” is affecting its bank credit lines and its suppliers’ credit insurance. It understands that the majority of new credit insurance cover has been withdrawn for the time being. The British group, formerly called Sports Direct International, reports that it ...
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News briefs
Bench returns to its origins in Manchester
Gordon Brothers of Boston announced the sale of its rights outside the Americas for Bench, the streetwear brand with British origins, to Wraith, an affiliate of Apparel Brands Limited of Manchester that is currently one of Bench’s primary European licensees. The purchase price has not been disclosed. Founded in 2017, ...
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News briefs
Animal to close permanently in January
A slow market in the U.K. made worse by the Covid-19 pandemic is leading to the demise of Animal. The British surf fashion brand was begun in 1987 in the town of Poole to sell a hook and loop watch strap-designed by its founders, two surfers: Ian Elliot and Nigel ...
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News briefs
Lululemon's CFO leaves
Lululemon has announced the departure of its current chief financial officer, Patrick Guido, on May 8. He will be joining the Asbury Automotive Group as senior vice-president and chief financial officer. Meghan Frank, Lululemon’s senior vice-president of financial planning & analysis, and Alex Grieve, vice-president and controller, will take over ...
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News briefs
SportScheck’s boss quits
Markus Rech, former chief executive of SportScheck, is leaving the Signa Retail Group, the new parent company of the German sporting goods retail chain, by mutual agreement to take on new professional challenges. The 46-year-old worked for SportScheck for the past four years and helped the company to expand its ...
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News briefs
Signa Sports United should break even
Despite the pandemic, Tennis-Point will be carrying on with its expansion plans in Spain for the year, albeit with a modified calendar. The German specialty retailer, which belongs to the Signa Sports United Group, has seen its sales of tennis products drop by about 70 percent in Spain, even with ...
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News briefs
Spanish sports retailer calls Spain’s rent forgiveness insufficient
CMDsport reports that the owner of Base Deportes Santa Gema, Francisco Torrejón, deems the Spanish government’s moratorium on rents “insufficient,” as it doubly excludes companies like his own. Decreed on April 21, the moratorium applies to independent workers and, more pertinently, to SMEs with no more than €6 million in ...
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News briefs
Typhoon hires a new operations director
Typhoon International has named James Saunders as its new operations director, in charge of the Typhoon and ISP brands of protective clothing and lifesaving equipment as well as procurement, manufacturing, customer service, warehousing and technical procedures. Saunders has been serving for months as a consultant to the British manufacturer of ...
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News briefs
ZDHC for dummies
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has launched a free manual, entitled “Detoxing the Fashion Industry for Dummies,” to share knowledge about the use of chemicals in the fashion industry. The manual provides specific insights into the industry’s supply chain and explains why the fashion industry uses chemicals, ...
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News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
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News briefs
Kurt Salmon publishes study on online stores
Kurt Salmon, the consulting company that is part of Accenture Strategy (KSA), conducted a study covering more than 70 online stores in the fashion, sporting goods and premium segment in Germany. Most online retailers are facing problems with significant delivery delays due to the current corona crisis and are hesitating ...
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News briefs
Buff joins the OIA’s Climate Action Corps
Buff has become a founding member of the Climate Action Corps, a movement promoted by the Outdoor Industry Association (OIA) that seeks to remove toxic residues from the natural environment. Accordingly, the Spanish neckwear and headwear brand will be measuring and reporting annually on the carbon footprint and greenhouse gas ...
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News briefs
Nike signs up WNBA star
Nike has announced a multi-year shoe and apparel endorsement deal with Sabrina Ionescu. The financial terms of the agreement have not been disclosed. The Women’s National Basketball Association (WNBA) player was named Naismith Player of the Year and AP Player of the Year during her last year at the University ...
