News Briefs – Page 83
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News briefsLife Fitness appoints new CEO
Illinois-based Life Fitness, a portfolio company of KPS Capital Partners and global leader in commercial fitness and home recreation equipment, has appointed Jim Pisani as Chief Executive Officer, effective immediately, while his predecessor Paul Stoneham joins Life Fitness’ Board of Directors as a senior advisor. Pisani has more than 25 ...
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News briefsBank engages in financed e-commerce
Gupo Kutxabank – born in 2012 from the merger of BBK, Kutxa and Vital, three banks in Spain’s Basque Country – has launched an online shop of goods and services for its customers, TradeSport reports. Kutxabankstore, as the service is called, divides its offering into six sections: technology, mobility, household, ...
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News briefsDunlop’s sustainable new pádel ball
Source: Dunlop Dunlop has introduced its most sustainable model of pádel ball, according to Diffusion Sport and Tradesport. The Dunlop Eco Padel has a pressure-less core and a covering of synthetic felt that the company believes extend its shelf life and therefore make it ideal for occasional ...
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News briefsWheelchair-pádel tournament coming up
The association Missing Link Sport, as The Padel Paper reports, has put out a call for entrants for the 2023 International Tournament for padel-fauteuil, or wheelchair pádel, scheduled for Aug. 30 - Sept. 1 in Paris. Missing Link specializes in promoting the para-version of pádel in France ...
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News briefsSales up for H1 at Base Detall Sport
Base Detall Sport is satisfied with its performance so far in 2023, which it considers a year of stabilization and consolidation. With VAT excluded, accumulated sales for the first half amounted to about €65 million, for an increase of 13 percent year-on-year, as Diffusion Sport and TradeSport have reported. Online ...
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News briefsPentland Brands looking to establish a youth board
Pentland Brands is joining mission-led start-up The People to form a new youth advisory board at the heart of its employee experience. The group, whose brands include Speedo, Ellesse, and Berghaus, is seeking six young people under 30 in its key markets – the UK, USA, India, Vietnam and China ...
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News briefsSmart wearables and navigation app announce partnership
Smart wearables brand Amazfit, owned by Zepp Health, is now offering routing and navigation connectivity with the popular outdoor activities app Komoot. Amazfit’s proprietary operating system, the Zepp OS, already enables supporting smartwatches to connect to external apps such as Adidas Running, Strava, Relive, Apple Health or Google Fit. ...
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News briefsAdidas updates guidance after Yeezy boost
Adidas, bolstered by its first sell-off of Yeezy styles, is now forecasting a full-year operating loss of about €450 million. That total represents a 36 percent improvement from its prior guidance of an FY23 operating loss of €700 million. If additional sales of Yeezy product are successful, annual results will ...
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News briefs361 Degrees expands distribution partnership in Spain
Andalusian distributor, VC Sport, is to be the new distribution partner of technical basketball shoes from Chinese-based sporting brand 361 Degrees, according to CMD Sport. This is in addition to the brand’s technical shoes, which VC Sport has been distributing since 2017. Owner and head of the company, Roberto Canalesis ...
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News briefsAthleta to get new CEO
Chris Blakeslee is to be the new President and CEO of Athleta as of Aug. 7, parent company Gap Inc. has announced. Blakeslee has most recently served as President of sister companies Alo Yoga and Bella+Canvas since 2017. Under Blakeslee’s leadership, Alo Yoga focused on a fashion-forward approach to wellness, ...
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News briefsStockX x Represent release new sneaker
StockX yesterday began the limited release of a four-piece capsule collection in partnership with British streetwear brand, Represent. In addition to three pieces of apparel, the collection includes a limited-edition run of 300 of the bestselling, skate-inspired Bully Sneaker, in colors synonymous with StockX branding; green, white and gray. ...
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News briefsAdidas Outdoor North America GM to depart
Michael Kadous, North America Senior Director and GM for Adidas Outdoor, Terrex and Five Ten, has announced on Linked In that he is to leave the company after seven years. Kadous joined Adidas in 2016 as a Director Global Finance, before becoming Senior Director of Global Transformation Adidas Outdoor, Terrex ...
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News briefsDecathlon rolling out virtual try-ons
Decathlon has introduced a tool to help online customers select a size for the garments they order. Although there have been no official announcements from the company, its global Chief Digital Officer, Jerome Dubreuil, has described the tool in a LinkedIn post – as Retail Technology Innovation Hub has discovered. ...
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News briefsSpanish retailer posts record sales
Spanish retailer Megasport achieved record sales of €21.5 million in its fiscal year ended April 30, CMD Sport has reported, surpassing the €20 million mark for the first time in its history. Sales were up 17 percent compared to the 2021/22 fiscal year. Megasport was founded in 1990 by David ...
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News briefsNike criticized for replica shirt decision
The FIFA Women’s World Cup Australia & New Zealand 2023 has just begun but English fans cannot purchase the replica shirt worn by their team’s goalkeeper, Mary Earps. According to the Daily Mail, Nike’s decision not to sell goalkeeper shirts is part of the company’s commercial strategy, although Earps pointed ...
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News briefsFITEX will have an expanded second edition this year
The second edition of FITEX, the French fitness trade show and congress experience, will take place at the Parc Floral in Paris on Oct. 13-15 later this year. The inaugural event was held in October 2022 at the same venue. The show is open to professionals in the fitness market ...
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News briefsFoot Locker to enter Thailand in September
Foot Locker is set to open its first brick-and-mortar store in Thailand in September. The exact opening date has yet to be announced. The store will be located inside the Siam Center shopping mall in Bangkok. Thailand will be Foot Locker’s fifth market in the Southeast Asian region, adding to ...
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News briefsNew Balance’s new store concept launches in Singapore
New Balance has inaugurated a new store in Singapore featuring its latest retail concept, “Built to put people, not products, at the center of the consumer experience.” It is the brand’s first store of its kind in Southeast Asia and the third in the world, following the launch of the ...
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News briefsConverse’s FY23 Ebit inched up 1%
Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...
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News briefsBeverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
