News and insights about brands in the sporting goods industry – Page 167
-
News briefs
Swedish crash test of bike helmets yields strange results
Hövding was rated as the best bike “helmet” based on a series of crash tests conducted by a Swedish insurance company, Folksam. The second best one was a relatively cheap MIPS helmet from Biltema, a chain of car accessories. While Hövding’s head cover, called the Chief, is not really a ...
-
News briefs
Adidas teams up with Allbirds
Adidas announced today a collaboration with Allbirds, the well-known American brand of sustainable footwear, to develop the sport performance shoe with the lowest-ever carbon footprint. The project will involve exploring recyclable material resources as well as the use of renewable energies in manufacturing and transportation. Adidas says the project is ...
-
News briefs
A new antibacterial towel for sweaty faces
ProSane Wear, an apparel company based in New York, is launching a reversible antibacterial microfiber towel hoodie, designed to make it possible to wipe sweat from the face without touching the towel directly with the hands. This special design helps minimize bacterial transfer from potentially contaminated surfaces, objects and other ...
-
News briefs
Puma partners with Gold’s Gym
Puma has teamed up with Gold’s Gym for the launch of a co-branded collection of training clothing, footwear and accessories. It is available on puma.com, on the goldgear.com website of Gold’s Gym and at various Gold’s Gym pro shops. The new product launch came a few weeks after Gold’s Gym ...
-
News briefs
Nike releases inspirational video for post-pandemic sports
Nike has launched a new video, available on YouTube and elsewhere. Titled “Never Too Far Down, You Can’t Stop Us,” it uses the competitive comebacks of its athletes – such as Rafael Nadal, Tiger Woods, Naomi Osaka and the Los Angeles Dodgers – as a metaphor for the return of ...
-
News briefs
Synergies with GLP after Li & Fung’s privatization
Li & Fung completed its privatization yesterday, pulling out of the Hong Kong Stock Exchange after 28 years. Following redemption of the shares still trading publicly, Global Logistics Properties (GLP), a company based in Singapore that operates warehouses and owns real estate around the world, now owns 67.67 percent of ...
-
News briefs
Decathlon to test turnkey rentals
In June, Decathlon will be testing a service for long-term, turnkey rentals at four of its stores in Paris and eight stores in and around the city of Lyon. In keeping with the spirit of these post-pandemic times, the first products offered will be bicycles. The service provides a guarantee ...
-
News briefs
Rising tennis star becomes highest-paid female athlete
In Forbes’ estimation, the tennis player Naomi Osaka has become the highest-paid female athlete of all time in annual earnings. The 22-year-old of Japanese and Haitian descent has pocketed $37.4 million since June of last year, breaking the record of $36 million held by Serena Williams, who had broken Maria ...
-
News briefs
GoPro’s VP of design steps down
According to Bloomberg, GoPro’s vice president of design, Danny Coster, departed “earlier this year,” after a four-year stint. He was previously with Apple. As we have reported, GoPro had a turnover of $119 million in its first quarter of this year, down from $243 million in the year-ago period. Partly ...
-
News briefs
Macron kits out Rugby Canada and more
Macron, the Italian teamwear specialist, will dress up all the national teams of Rugby Canada, the national rugby federation born in 1974 from the merger of two former federations, under a new longterm sponsoring agreement. Canterbury of New Zealand was the previous sponsor. Macron is already sponsoring the national rugby ...
-
News briefs
Puma sponsors Iceland’s small football team
Puma is replacing on July 1 Italy’s Erreà after 20 years as technical sponsor of the Football Association of Iceland (KSI), providing the jerseys for its men’s, women’s and youth teams. Iceland will join other European national teams on Puma’s roster such as Italy, Austria, Serbia, Switzerland and the Czech ...
-
News briefs
Adidas launches reusable face mask
Adidas has launched its own washable face mask to help consumers battle the coronavirus pandemic. It is called Face Cover and is made from a soft and breathable material, using a minimum of 40 percent recycled content. Face Cover is not a medically graded mask nor a Personal Protective Equipment, ...
-
News briefs
Decathlon steps up commitment to biodiversity
Decathlon has signed up to the ten principles of the Act4nature France initiative and has joined the Orée network, as part of an ongoing commitment to preserve biodiversity. Act4nature France (“Entreprises Engagées pour la Nature” in the original French version) was launched last December by the French government to help ...
-
News briefs
Technogym supports fitness clubs’ re-opening
Technogym’s Mywellness platform will be offering additional features to assist fitness clubs in their re-opening phase. During the lockdown, fitness facilities were able to connect with their members via the Mywellness platform, which allowed them to offer digital coaching and remote support services. Members of the Mywellness community will now ...
-
Article
Asics exceeds sustainability targets
In 2019, Asics achieved a 27.9 percent reduction in CO² emissions per pair of shoes during the manufacturing process as compared to 2015 baseline levels, exceeding the 10 percent target that the company had set for itself by 2020. This is the headline result in Asics’ 2019 Sustainability Report, which ...
-
Article
Europe lifts Fila’s results
South Korea’s Fila Holdings Corp, the parent company and co-owner of Acushnet, grew fast in 2019, especially in Europe, where momentum remained strong. For the 12 months ended on Dec. 19, Fila Korea’s licensing royalties from the region surged by 46.5 percent from the previous year to 39,186 million Korean ...
-
ArticleFoot Locker will convert about 35 Runners Point stores
As we had imagined in reporting the phaseout of its Runners Point banner in Germany, Austria and Switzerland, the management of Foot Locker told investors on May 22 that only about 40 stores would be closed, while the others would be converted to the Foot Locker or Sidestep format. Between ...
-
ArticleAsics is back in the red
Asics ended the first quarter with a loss of 243 million yen (€2.0m-$2.2m), versus a profit of ¥4,365 million for the same quarter last year, weighed down by store closures. The management said that recent efforts to restructure the business helped sales in Europe and the U.S. until March, when ...
-
News briefs
Ugg’s decline offset by Hoka One One and Teva
Despite headwinds from Covid-19, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’ revenues in its fourth fiscal quarter, ended on March 31. The group’s quarterly sales declined by 4.9 percent to $374.9 million, or by 4.5 percent in constant currencies, while net income ...
-
News briefs
Centric Brands goes bankrupt
Centric Brands has filed a voluntary application for Chapter 11 bankruptcy protection, with the support of Blackstone and other secured lenders who are providing $435 million in debtor-in-possession financing. The company said the proceedings will not impact its decision to reopen relevant locations. Centric Brands is a licensee for more ...
