News and insights about brands in the sporting goods industry – Page 102
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable materials company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category, reducing the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals and with minimal CO² emissions. ...
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News briefs
Reebok introduces the Human Rights Now! Collection
Reebok has officially debuted the Human Rights Now! Collection, a long-term product platform that is meant to communicate the brand’s mission to inspire human rights and human movement. This collection features graphics inspired by the 1988 Human Rights Now! World Tour, a 20-stop concert series organized at the time to ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport Apparel Corp., a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale of Los Angeles for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or ...
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News briefs
Castore partners with Coral Eyewear “performance-based lifestyle” sunglasses made with Econyl
Castore and Coral Eyewear have formed a new partnership and product collaboration, designed to enable both brands to expand their use of recycled materials. Through the collaboration, the companies have unveiled the Castore x Coral sunglasses, which are created with regenerated ocean waste. The sunglasses are made with Econyl regenerated ...
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News briefs
On Running’s new shoe promises to extend running distance
With its new shoe, On Running is pledging to double the distance that runners can run. The Cloudstratus sneaker has a double outsole, called CloudTec, and a midsole with Helion superfoam. Three-quarters of the mesh upper is made of recycled polyester, and the shoe has a widened forefoot and narrower ...
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News briefs
Everlast signs up Muhammad Ali’s grandson
Everlast has announced that Nico Ali Walsh has joined the brand’s roster of elite athletes. Ali Walsh is the grandson of Muhammad Ali, who was one of Everlast’s earliest sponsored athletes. The new partnership between the brand and Ali Walsh coincides with the boxer’s debut fight, which will take place ...
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News briefs
Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000%. It will use the proceeds to redeem all its outstanding 6.375% notes due in 2026 and 5.000% notes due in 2026. The group said it ...
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Article
Asics strides forward, especially in Europe
Asics reported higher sales and operating income in several key regions for the second quarter of 2021. The progress was led by Europe, where revenues increased by 56 percent in Japanese yen, followed by increases of 51 percent in North America as well as Greater China as compared to the ...
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News briefs
Reef introduces €130 eco-friendly sandal
Reef is launching the Paipo, a sandal made from wood and full-grain leather, which the brand has called its “most upscale offering ever.” The sandal, which is sold at a price of €130, is indeed “designed and built to be the most luxurious sandal possible,” as the brand describes it ...
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News briefs
Adidas inaugurates first Tech Hub office in India
Adidas has launched the Adidas India Tech Hub office in Gurugram (or Gurgaon), a city just southwest of New Delhi that is known as a financial and technology hub. The office was officially inaugurated on Aug. 9. The Indian Tech Hub will be home to the local marketing organization and ...
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News briefs
Naomi Osaka teams up with an artist on co-designed Yonex tennis products
Naomi Osaka has collaborated with an influential Japanese artist, Takashi Murakami, to co-design a limited-edition Yonex tennis racquet and the accompanying bag. Osaka and Murakami have re-imagined the silhouette of the Ezone racquet, decorating it with the artist’s signature cherry blossom motif atop a white base. The player’s name, “Naomi,” ...
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News briefs
New Balance partners with The Renewal Workshop for a New Balance Renewed program
New Balance has teamed up with The Renewal Workshop (TRW), a provider of circular solutions for the apparel and textile industry, to create New Balance Renewed. The new collaborative program is designed to give a second life to New Balance’s apparel, helping to keep it out of landfills. New Balance ...
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Article
Goldwin confirms outlook as Q1 sales grow 40%
Goldwin reported revenues of ¥17,078 million (€131.8m-$154.7m) in the first quarter of its financial year, up by 40.0 percent on the year earlier, and confirmed its outlook for 10.5 percent sales growth for the full year. For the three months ended June 30, the Japanese company also reported an operating ...
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Article
Descente lifts profit outlook as sales, profits rebound in Q1
Descente raised its guidance for full year profits and maintained its outlook for sales after staging a strong recovery in the top and bottom lines in the first quarter ended June 30. As sporting events resumed, the Japanese sportswear company’s sales increased in the quarter by 44.5 percent to ¥22,481 ...
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News briefs
Digital drives loss-making Beachbody
In its first financial release since it went public, The Beachbody Company reported revenues of $223.1 million for the second quarter that were just 2 percent higher than in the year-ago period, but 21 percent higher than in the corresponding period of 2019. As compared to a year ago, digital ...
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News briefsBrooke Farris becomes Rip Curl’s CEO
Kathmandu Holdings has announced that Brooke Farris will assume the position of CEO of Rip Curl, effective Aug. 16, 2021. The appointment follows the previously announced promotion of Michael Daly, who has headed up Rip Curl for 19 years, to CEO and managing director of the whole group. In her ...
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ArticleAdidas sells Reebok to ABG for up to €2.1bn
Adidas announced on Aug. 12 that it has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first ...
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ArticleCanada Goose sees sales double in Q1
Canada Goose said it is on track to meet its target for 2022 revenues of over 1 billion Canadian dollars (€681.0m-$799.1m), as its sales doubled in the fiscal first quarter ended June 30 to C$56.3 million (€38.3m-$45.0m) from $26.1 million the year earlier amid significant growth in all geographic regions. ...
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News briefsHelly Hansen and Musto grew by 46% in Q2
Canadian Tire Corporation reported a 45.9 percent increase in external revenues for Helly Hansen and Musto to 100 million Canadian dollars (€68.5m-$80.3m) for the second quarter ended July 3. Outside Canada, the revenues from the two brands amounted to C$95.1 million (€64.7m-$76m), up from C$64.7 million in the comparable period ...
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News briefs
Athletes to launch clothing collections on BlueChip platform
BlueChip Holdings has launched a platform that allows famous athletes to connect with their fans and build their own brands. As part of the platform, athletes will release personal clothing collections. Each athlete will work with BlueChip designers to curate the logo and brand that best express their unique personality ...
