News Briefs – Page 41
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News briefsPuma steps into the digital future with Touchtech partnership
Touchtech, a platform renowned for its sales assistance tools, has announced a collaboration with Puma Group. The move reflects Puma’s commitment to digitalization in a rapidly evolving retail landscape. Andres Castro, Team Head of Customer Connectivity at Puma Group, emphasized the importance of digitalization to meeting the evolving needs of ...
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News briefsOn forges partnership with Zalando, opens up to "new audience”
On and Zalando have joined forces to bring On’s range of running products to Zalando’s base of active customers. The collaboration marks On’s debut on Zalando’s platform, giving it access to 22 markets. Zalando, a prominent online destination for lifestyle and sports products in Europe, is welcoming around 100 performance ...
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News briefsSportChek comparable sales fall in Q4, FY
SportChek, the Canadian Tire-owned retail chain, which ended 2023 with 371 stores, suffered a 6.4 percent decline in comparable store sales in the final period, because of lower sales of outerwear, skis and snowboards. Its total sales declined by 13.5 percent in Q4 to C$552.2 million (€380.1m) from C$637.9 million. ...
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News briefsJD Sports plans flagship store in Munich
British sports fashion retailer JD Sports has secured itself a prime location in Munich for its largest German flagship store to date. Now that the German sports chain SportScheck will soon have to give up its flagship store in Munich’s pedestrian zone in the city center (Neuhauser Straße) following the ...
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News briefsHanesBrands closes distribution center in North Carolina
As reported by businessnc.com, HanesBrands is shutting down operations at its distribution center in Winston-Salem, North Carolina, USA, as the company streamlines its operations. This is the third major cost-cutting measure at HanesBrands since last January. The closure of the facility will cost 159 jobs – the fourth set of ...
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News briefsDunlop Sports’ operating profit increases by 40% in FY23
Sumitomo Rubber’s sports division generated a 40 percent gain in annual operating income to ¥12,482 million (€77.4m) from ¥8.943 million for the 12 months ended Dec. 31. Annual sales rose by 8.6 percent to ¥126,647 million (€785.0m) from ¥116,597 million, bolstered by golf gains in North America and South Korea ...
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News briefsSpyder skiwear to launch PFAS-free products this autumn
Liberated Brands (Liberated) unveiled a bold plan to eliminate per- and polyfluorinated substances (PFAS) from its Spyder skiwear line starting in autumn 2024. A comprehensive assessment of Spyder products has led to a strategic multi-season initiative to phase out PFAS across its branded skiwear. As Spyder is one of the ...
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News briefsTennis Industry Association rebrands to serve diverse community
Tennis Industry Association (TIA) has undergone a transformation, rebranding itself as the Racquet Industry Research Group (RIRG). The change signifies more than just a shift in name; it marks a strategic move to broaden its mission and serve the entire racquet sports community with research and data. Recognizing the diverse ...
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News briefsAdidas Arena inaugurated ahead of Paris 2024
The Adidas Arena was officially inaugurated in Paris’s 18th arrondissement, near Porte de la Chapelle, on Feb. 11, hosting a match between Paris Basketball and Saint-Quentin Basket-Ball. The venue will be hosting badminton and rhythmic gymnastics during the upcoming Olympics, and then para-badminton and para-powerlifting during the Paralympics. The Paris ...
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News briefsBasicNet's 2023 revenues rise to €398.6M despite brand revenue dip
BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...
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News briefsLululemon accused of “greenwashing” by climate group Stand.earth
Environmental advocacy organization Stand.earth has announced an anti-competition complaint against Lululemon Athletica with respect to its “Be Planet” marketing campaign. The complaint was submitted to Competition Bureau Canada. According to Stand.earth, Lululemon “misleads customers about its environmental impact.” Lululemon’s own Impact Report, publicly released last autumn, revealed that the company ...
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News briefsSalter achieves 20% sales growth, equaling its record in 2020
Spanish gym equipment maker Salter saw revenues reach €14 million in 2023, a 20 percent increase from the previous year and the same as in 2020, at the peak of the pandemic crisis, CMDsport has reported. The growth was primarily attributed to the recovery of the B2B sector, which accounted ...
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News briefsAmazon Europe partners with Hewi to offer second-hand luxury goods
Amazon has partnered with high-end resale platform Hardly Ever Worn It (Hewi) to bring second-hand luxury items on Amazon Luxury Stores to customers in Germany, France, Spain and the UK. Hewi is based in London. The new partnership enables customers to browse second-hand items from luxury brands across women’s ready-to-wear, ...
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News briefsLacoste has a new EVP for global finance
French sportswear brand Lacoste has appointed Philippe Gautier as Executive Vice President of Finance. He takes over the role from Denis Lamoureux, who started in 2017. Gautier has more than 30 years of experience in finance, mostly at fashion and luxury groups. Most recently, he served as Group Chief Financial ...
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News briefsBrooks reports 5% sales growth and a record number of units sold
Brooks Running finished 2023 with revenue growth of $1.2 billion, representing a 5 percent increase year-over-year and a record of more than 20 million units sold. Since 2018, Brooks’ compound annual growth rate (CAGR) exceeded 14 percent. In North America, the brand reached $1 billion in revenues in for the ...
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News briefsUEFA approves “United for Success” 2024-2030 strategy
The UEFA executive committee met in Paris on Feb. 7 and approved the “United for Success: UEFA Strategic Vision 2024-2030,” a roadmap to guide the organization and the wider European football community for the coming years. United For Success was created in consultation with national associations and by involving key ...
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News briefsFoot Locker launches basketball program with Nike and Jordan Brand
Foot Locker has unveiled a year-long basketball initiative in collaboration with Nike and Jordan Brand, aiming to harness the influence of their athletes for a series of events, clinics and social media content. Named “The Clinic,” this program will debut during the 2024 NBA All-Star Game weekend in Indianapolis, featuring ...
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News briefsVF Corporation makes board appointment
VF Corporation has added Caroline Brown to its board of directors. This move comes after VF engaged with its shareholders, including Engaged Capital, in productive discussions. According to a statement released by the company, VF plans to appoint another independent director to the board soon, prioritizing candidates identified by Engaged ...
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News briefsAthleta launches high-performance “Train” collection
Athleta has made its mark with yoga and pilates apparel. Now it’s expanding into high-performance training.
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News briefsFootway secures €7m to bolster financial position
Footway has secured SEK 80 million (€7 million) in financing to strengthen its financial position and ensure the successful completion of its reconstruction. The financing includes a directed new share issue of 50 million SEK (€4.4m) in B-shares and a strategic collaboration with Juni, to boost its accounts payable ...
