News Briefs – Page 50
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News briefsSport 2000 Austria joins forces with ANWR Group
At an extraordinary general meeting on Jan. 11, 2024, the Zentrasport Österreich e. Gen. cooperative, which is part of the international retail network Sport 2000, decided to become part of ANWR Group eG and the Sport 2000 country network led by Sport 2000 Germany. In July 2023, the Austrian cooperative ...
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News briefsRothy’s with new CEO and President
Jenny Ming, who has been a member of the Rothy’s Board since 2022, has been appointed CEO of the sustainable footwear and accessories manufacturer, while current COO and CFO Dayna Quanbeck will also take on the role of President. Co-founders Stephen Hawthornthwaite, the previous CEO, and Roth Martin, the previous ...
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News briefsYue Yuen sells more, produces less in December
Sales at the manufacturing segment of Hong Kong-based Chinese company Yue Yuen Industrial fell 2 percent to $420.4 million in December, making it the first of 12 consecutive months with a decline as customers cut back on orders. Yue Yuen’s retail segment Pou Sheng grew 16 percent ...
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News briefsPuma collaborates with US cloud platform to enhance global e-com operations
Massachusetts-based Yottaa, Inc., a cloud platform for accelerating and securing digital commerce experiences, announced that it has partnered with Puma to enhance the German sporting goods company’s e-commerce operations globally. According to a Yottaa press release, Puma faced challenges managing its numerous e-commerce sites, with the primary hurdle being the ...
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News briefsColumbia appoints former Nike brand President to Board
Columbia Sportswear announced that its Board of Directors appointed Charles Denson as Director and member of its Audit Committee. Denson is already Chairman of the Board of Directors of Funko and has earlier served as President and CEO of Anini Vista Advisors, an advisory and consulting firm. Denson is a ...
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News briefsBoss signs two new tennis ambassadors
Boss is making further strides in the world of tennis, announcing two new ambassadors, Noma Noha Akugue and Ella Seidel. According to the German fashion brand, Akugue and Seidel have already established themselves as players worth watching more closely. Just in time for the Australian Open, the two German tennis ...
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News briefsFila deepens commitment to pickleball
Fila is doubling down on pickleball. Since 2019, when the company released its first shoe designated for the sport, it has been pushing to get into the pickleball market. With the release of its new Volley Burst shoe model, the company now claims to be “at the forefront of performance ...
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News briefsXponential updates FY23 operating highlights
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, which generated $1.4 billion in systemwide sales and 16 percent same-store sales growth in 2023, has updated its FY23 operating highlights. This includes an increase in the number of studios to 3,062 and total licenses to 6,255 across ...
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News briefsBalenciaga’s new collection inspired by football
Luxury fashion house Balenciaga has launched a limited series of clothes and accessories, including hats, scarves, jerseys, tracksuits, sweatpants and hoodies, inspired by the world of football. The collection is characterized by logos reminiscent of on- and off-duty uniforms worn by football teams during both gameday and off the pitch. ...
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News briefsCastore names former JD Sports exec as investment director
British sportswear brand Castore has appointed Stuart Puddy as its new Investment Director. Prior to joining Castore, Puddy spent seven years at JD Sports, where he served most recently as Head of Mergers and Acquisitions (M&A). On LinkedIn, Puddy commented: “Delighted to be starting my new role as Investment Director ...
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News briefsAdidas uses its Airchill technology in a tennis range
Source: Adidas New Melbourne tennnis collection with Airchill To mark the start of the 2024 Grand Slam tennis season, Adidas has unveiled its spring/summer 2024 Melbourne apparel collection, for which it used, for the first time in a tennis range, its Airchill material technology. Airchill involves loose-knit ...
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News briefsDP World Tour announces strategic partnership with China Tour
The DP World Tour and the China Golf Association (CGA) have announced a strategic partnership that expands the pathway for the players of the CGA-sanctioned China Tour to the DP World Tour and confirms the co-sanctioning of tournaments until at least 2025. The various pathways included as part of this ...
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News briefsJ.Lindeberg signs Christopher Eubanks
Source: J.Lindeberg Chris Eubanks Christopher Eubanks has signed with J.Lindeberg to become the Swedish brand’s new ambassador. The American player will wear his first outfit from J.Lindeberg during the Australian Open, starting Jan. 7. “We are simply delighted to welcome Christopher Eubanks to our team; with his ...
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News briefsXtep updates Q4, FY23 results in Greater China
Annual sales for Xtep International in FY23, in both offline and online channels, rose more than 20 percent year-over-year, the company reported yesterday. Inventory turnover for the 12 months was 4 to 4.5 months. Meanwhile, in Q4, which ended Dec. 31, 2023, the Chinese group generated year-over-year retail sales ...
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News briefsZumiez updates quarter-to-date sales
Zumiez, the parent of the Blue Tomato retail chain, reported a 4.2 percent increase in international net sales, consisting of revenues generated in Europe and Australia, for the nine weeks ended Dec. 30. However, comparable international sales were down 4.2 percent for the period. Group sales fell by 6.6 percent ...
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News briefsIntersport Spain still down from 2019
Neither separately nor in aggregate have the companies that make up Intersport Spain yet matched the annual sales of 2019 – which themselves were, for the most part, in decline from 2018. The latest available figure for its full-year 2022 is about 28 percent down from the pre-lockdown year. Intersport ...
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News briefsAdidas has a new President for North America
Source: Adidas John Miller Adidas has named a new President for its North American operations. John Miller is a familiar face at the company: He worked with sales for three years before moving on to Nike, where he was from 2006 to 2017. Most recently, Miller was ...
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News briefsPolar opens its ecosystem to other product segments
Polar Electro has unveiled a new partnership with the German premium audio brand Sennheiser. Sennheiser’s new fitness-focused Momentum Sport earbuds will be powered by Polar, which means it’s offering wearers access to Polar’s suite of biosensing capabilities and enhanced guidance for fitness and wellbeing. The earbuds will provide more than ...
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News briefsSunnyFit releases free fitness app
In over two decades, California-based Sunny Health & Fitness has had profitable growth in the fitness industry. Now, they are releasing SunnyFit, a free fitness app built on their own products. The goal of the fitness app is to “reshape the way individuals engage with their health and well-being.” However, ...
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News briefsLululemon raises guidance
Lululemon Athletics announced in a preannouncement before the ICR Conference that, for Q4 of FY 2023, it expects net revenue to be somewhere from $3.170 to $3.190 billion, a 14 to 15 percent increase compared to the last quarter of FY 2022. Previous guidance saw shares in the range of ...
