News Briefs – Page 46
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News briefsSigna’s KaDeWe Group files for insolvency
Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...
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News briefsTwo Ten Footwear Foundation names new Board Chair and Vice Chair
US nonprofit Two Ten Footwear Foundation, which has been supporting the interests of employees in the US footwear industry since the 1930s, announced its new Board Chair and Vice Chair at the foundation’s Board of Directors meeting last month. Joe Preston, President & CEO of New Balance, succeeds David Kahan, ...
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News briefsNike sues Global Heartbreak over Air Jordan imitations
Nike has filed a lawsuit in New Jersey District Court against Global Heartbreak and its founder Naadier Riles for trademark infringement of the Air Jordan 1 High. According to the complaint, the defendant copied Nike’s silhouette and outsole design and replaced the branding with his own. Riles allegedly admitted that ...
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News briefsNew CSR Manager at Sport Conrad
Source: Sport Conrad Maria Ries The German multichannel sports retailer Sport Conrad has appointed Maria Ries to the position of CSR Manager on Jan. 1, 2024. She takes over from Stefanie Buchacher, who has played a key role in shaping the company’s sustainability strategy over the past ...
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News briefsAdidas and Malbon create Crosby collection
Source: Adidas Adidas x Malbon Crosby Collection Adidas and Malbon Golf have unveiled the Crosby Collection, inspired by the iconic American entertainer Bing Crosby. The timing of the release is also highly strategic, as Crosby initiated the Crosby Clambake in 1937, an annual event that brought together ...
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News briefsSwedemount successfully confirms reconstruction plan approval
Swedemount Sportswear & Fashion AB has successfully had a reconstruction plan approved. The majority of Swedemount’s suppliers and groups of creditors voted to confirm the reconstruction plan. Johan Andgren, the Swedish company’s CEO, expresses gratitude to nearly all creditors who have supported them throughout the reconstruction plan. Andgren attributes the ...
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News briefsASRV and Hyosung collaborate with tech-fabric
Source: ASRV/Hyosung California-based ASRV, known for using advanced textiles to enhance consumer lifestyles, has once again embraced innovation for this year’s winter season. This time, they’ve incorporated Creora Aerosilver technology, developed by South Korea-based sustainable textile solutions provider Hyosung. Creora Aerosilver is a polyester yarn infused with ...
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News briefsSurge in shoplifting hits England
Shoplifting offenses are on the rise across England and Wales, reaching a 20-year high, as reported by the Office for National Statistics (ONS). Police recorded over 400,000 incidents in 2023 up to September, marking a 32-percent increase from the previous year. Retailers in England and Wales are grappling with a ...
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News briefs
Sports Direct buys former M&S Liverpool building
Frasers Group, the owner of Sports Direct, has acquired the former Marks & Spencer store in Liverpool as part of its strategy to own the properties it occupies. The acquisition involves obtaining the long leasehold of Compton House on Church Street. The process of transforming the M&S store into a ...
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News briefsNew basketball made from next-gen material
Known for their distinctive footwear, New York-based vegan lifestyle menswear brand Brave GentleMan is making waves in the sporting world by introducing a basketball. This marks the first instance of a basketball crafted from the bio-based material Mirum, a collaborative effort with the New York Knicks and Leather Head Sports. ...
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News briefsJ.Lindeberg outfits US golf teams at Paris Olympics
During the upcoming Olympic Games in Paris, France, this summer, the US men and women golf teams will don apparel from a non-American brand, Swedish J.Lindeberg. The unveiling of the athletes’ outfits took place at the PGA Show in Orlando, Florida. The clothing line is crafted using innovative fabrics such ...
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News briefsJD Worldwide opens fashion warehouse in Paris
JD Worldwide has announced plans to open its first warehouse for fashion goods in Paris, France. This initiative is key in fulfilling the company’s cross-border e-commerce strategy, aiming to bring more European brands into the Chinese market by offering efficient solutions. The warehouse will be located in Val-d’Oise and exclusively ...
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News briefsSwedish sports retail sees eighth straight quarterly decline
Despite a snowy kick-off to the winter season, the sports retail sector in Sweden did not manage to post positive figures during the fourth quarter of 2024. While the snow provided a significant boost, sales declined by 0.4 percent. This marks the eighth consecutive quarter of negative trends in the ...
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News briefsBurton receives B Corp recertification
Burton has announced its successful recertification as a Certified B Corporation, a widely recognized accolade that sets the gold standard for businesses committed to making a positive impact. To maintain its B Corp certification, Burton undergoes a thorough B Impact Assessment process every three years. This assessment evaluates various aspects, ...
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News briefsNew board and chairman at pickleball rating company
Dynamic Universal Pickleball Rating (DUPR), the company behind the eponymous rating system, has new ownership and a new board of directors, thanks to $8 million in funding from new investors. Chief among these is David Kass, real estate developer and owner of the Columbus Pickleball Club and now owner and ...
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News briefsJD.com and Evri collaborate
Chinese e-commerce company JD.com has entered into an agreement with delivery firm Evri, aiming to provide increased access for brands from the UK to the Chinese customer base. According to Evri, this collaboration will “open doors for European brands and merchants, particularly in the UK, providing them access to JD.com’s ...
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News briefsHacker attack hits Swedish sports chain Stadium
Over the weekend, the Russian-tied hacker group Akira carried out a cyber attack against the Finnish IT provider Tietoevry. This forced the provider to shut down Primula, Sweden’s largest HR system. In addition to managing 120 Swedish government agencies, the attack also affected the Swedish sports retail chain Stadium. Stadium’s ...
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News briefsGolf Datatech to join Circana
Golf Datatech is set to become a subsidiary of Circana, formerly IRI and The NPD Group, following an agreement reached between the two companies. The acquisition aims to enhance Circana’s research offerings, with the goal of providing comprehensive research across the entire golf industry, including major retail channels. The deal ...
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News briefsPhantom Glide unveils innovative Nordic ski wax
Phantom Glide, DPS Skis’ permanent high-performance base treatment, has introduced a new ski wax named Phantom Glide Nordic. As the name suggests, the wax is designed specifically for Nordic skiing, a discipline where glide is paramount. The company states that the new wax is environmentally conscious, delivering the same eco-friendly ...
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News briefsFootway group secures debt settlement
Footway Group has had its reconstruction plan approved, entailing a debt settlement where the e-commerce company will pay approximately 70 million Swedish kronor (€6.17m) to its creditors in mid-March. The decision had broad support among creditors, and the reconstruction is expected to conclude in three weeks. According to the company, ...
