News and insights about brands in the sporting goods industry – Page 145
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News briefs
EU to rule on Fitbit’s takeover in 2021
The European Commission’s anti-trust authorities are no longer expected to complete their Phase Two review of Google’s proposed acquisition of Fitbit by the end of this year, as previously reported. According to CTFN, the American information service on mergers & acquisitions, it will rule on the issue on Jan. 8 ...
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News briefs
Dior launches a ski line with Descente and other partners
For the launch of its first men’s capsule ski collection, Dior is opening a pop-up shop in the SoHo neighborhood of New York City, specifically at 109 Greene Street. Other pop-ups – in Osaka, Japan, for instance – will open during the month of November. The New York shop, operating ...
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News briefs
Puma opposes Fifa’s World Cup trademark
We are often confronted with the use of the term “World Cup” for both ski and football tournaments, but we regularly add the name of the organizer. The Wild Cat has now filed an opposition with the U.S. Patent & Trademark Office (USPTO) to an attempt to legalize the use ...
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News briefs
Nike raises its dividend by 12%
Despite the coronavirus crisis, which has led other companies forego or reduced their dividends to preserve their liquidity, Nike has announced a 12 percent increase in its quarterly dividend to $0.275 per share, payable on Dec. 29 to shareholders of record on Dec. 7. It is the 19th consecutive year ...
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News briefs
Jay-Z and Novak Djokovic join CLMBR’s team
The musician Jay-Z and the tennis star Novak Djokovic have joined the investment team of CLMBR to support next year’s launch of the CLMBR Connected and CLMBR Pure vertical climbing machines for fitness training. Both machines have touch screens, an audio system and a tracking app to deliver on-demand, instructor-led ...
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News briefs
On releases “genre-bending” limited collection
On Running has continued its diversification into clothing with the launch of Clubhouse, a 10-piece “genre-bending” capsule collection for tennis and the street. Each piece, however, is limited to a run of 200. The collection is available at the Swiss brand’s e-commerce website. The brand had previously launched a lifestyle-oriented ...
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News briefs
Nike, Hydrow make Time magazine’s inventions list
Time magazine has included the Nike Air Zoom Alphafly Next% distance-running sneaker in its list of the ”100 Best Inventions of 2020” under the Fitness category. The Kenyan distance runner Eliud Kipchoge was wearing a variant of the Alphafly when, in September 2018, he became the first human being to ...
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News briefs
Lululemon has a new CFO and a new director, both female
Lululemon has promoted Meghan Frank to chief financial officer. She is the first woman to hold the post at the apparel brand. Frank has been serving since April as interim co-CFO alongside Alex Grieve, Lululemon’s vice president and controller. Frank began her career as an associate with Wainwright Investment Counsel ...
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News briefs
Pentland reports on modern slavery
Pentland Brands has produced a report on labor practices in its supply chain. Called Modern Slavery, the report reviews such criteria as geography, political stability and worker demographics to gauge the likelihood of slavery’s use in various parts of the world. Homeworkers appear to be of particular concern for the ...
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News briefs
Sports Direct to purchase four stores in Spain
In a deal worth €34 million, Frasers Group’s sports banner, Sports Direct, will be purchasing six Toys ‘R’ Us stores in Spain in a sale & leaseback deal. They are located in the cities of Alcobendas (outside Madrid), Sant Boi (outside Barcelona), Granada, Valencia, Málaga and Pamplona. Toys ‘R’ Us ...
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News briefs
Joma to sponsor the Italian Tennis Federation
Joma Sport will become the new technical sponsor of the Italian Tennis Federation (FIT) on Jan. 1, supplying all apparel to all Italian national teams and equipment to the federation’s tennis centers for the next five years. Joma will also participate in the federation’s brand makeover, which is intended to ...
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Article
Expanded: Foot Locker books 7.7% higher same-store sales in Q3
Foot Locker reported an increase in same-store sales of 7.7 percent for the third quarter, ended Oct. 31. In absolute terms, the company’s revenues grew by 9.0 percent to $2,016 million, with a 7.7 percent rise in local currencies, beating analysts’ estimates. Digital sales jumped by 52 percent, representing 21.4 ...
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News briefs
The Nike United retail concept goes live
Nike is introducing a new retail concept, called Nike United, at nine locations around the world, including one at East Kilbride in the U.K. The others are in the U.S., China and South Korea. Coming after the Nike House of Innovation, Nike Rise and Nike Live, the new concept is ...
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News briefs
Decathlon opens its largest store in Germany
The largest Decathlon store in Germany is opening in November in Weiterstadt, covering 8,000 square meters and employing 80 people. In addition to the classic sales area for more than 100 sports segments and 85 private labels, there will also be numerous test areas, a sports park and an exhibition ...
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News briefs
New licensing director for Fanatics from Nike
Eager to continue to expand internationally, Fanatics has appointed a new licensing director, Younes Latayi, to drive its global licensing strategy and to manage its growing international portfolio of partners, maximizing their online and offline offerings. He will be based in Europe, reporting to Vicky Picca, Fanatics’ senior vice president ...
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News briefs
Carla Murphy will lead Adidas Outdoor
In yet another important management change, Adidas has appointed Carla Murphy as general manager of its Adidas Outdoor business unit, starting on Dec. 14. She will assume one of the two roles of Tim Janaway, who has been with the Adidas group for more than 20 years, serving most recently ...
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News briefs
Puma signs deals with two European singers
Puma has signed two endorsement deals with two singers: Ana Mena of Spain, who has found success both in her home country and in Italy, and Dua Lipa of the U.K, who is one of the top female acts on Spotify. Dua Lipa will be headlining Puma’s gender-focused “She Moves ...
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News briefs
Umbro’s current sponsorships in La Liga
Umbro is the N° 3 sportswear sponsor in the second division of Spain’s second-tier La Liga football league for the 2020/21 season, notably equipping Rayo Vallecano, Mallorca and Logroñés. While lacking any clubs in the first division, Umbro is also sponsoring amateur and futsal clubs in the country. Worldwide, the ...
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News briefs
Polygiene to treat Caterpillar apparel
Polygiene has signed a deal with Caterpillar. The manufacturer of construction and mining equipment will be using Polygiene’s antimicrobial treatments in its casualwear as of 2021, with workwear to follow. According to Caterpillar’s senior vice president of apparel, Greg Gemette, this will “reduce the ecological footprint” of the apparel, “as ...
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News briefs
AMC to become the LTA’s apparel supplier
AMC, the tennis brand founded by the British tennis champion Andy Murray and Castore, the growing British brand of teamwear, has signed a five-year deal to become the exclusive apparel supplier to the Lawn Tennis Association (LTA), the U.K.’s governing body for tennis. This includes LTA Performance, the LTA’s accredited ...
