All Corporations articles – Page 40
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ArticleFoot Locker plans to wind down Sidestep retail brand
Nine-and-a-half years after acquiring the sports fashion footwear chain as part of its deal for the Recklinghausen, Germany-based Runners Point Group, Foot Locker has decided to shutter Sidestep’s operation that currently consists of several dozen stores across Germany, Austria, the Netherlands, and Switzerland. In February 2019, Foot Locker operated 80 ...
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ArticleIntersport International reports record year 2022
Intersport International group, based in Bern, Switzerland, has released its 2022 retail sales data, reporting a 13.4 percent growth from 2021 to a new record retail result of €13.7 billion. Among the 5,300 Intersport stores in 42 countries worldwide, those in Austria, France and Germany contributed the most to the ...
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News briefsVista sets course for action sports division, led by Fox Racing’s president
According to Shop Eat Surf, Jeff McGuane, president of Fox Racing, has been promoted at Vista Outdoor to lead a restructured Action Sports division, which includes Fox Racing, Bell, Giro, Blackburn, Krash, Copilot and Raskullz. Vista Outdoor acquired Fox Racing in August 2022. According to the same media source, McGuane’s ...
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News briefs1% for the Planet reports $66m in donations, 1,800 new members in 2022
In a short update, the non-profit organization 1% for the Planet has delivered some numbers on the initiative’s development and achievements in 2022. Overall, the U.S.-based organization certified $66 million in giving to environmental partners and welcomed more than 1,800 new business members into its global network. Business members of ...
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ArticleTaylorMade invests in Tiger Woods’ golf experience concept
TaylorMade Golf Company has made a “material investment” in PopStroke, an innovative U.S.-based putting and casual dining concept that combines a technologically advanced, competitive golf environment with food and beverage. With the recently announced partnership, TaylorMade joins an ownership team that includes Tiger Woods in addition to PopStroke Entertainment Group. ...
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News briefsLongtime industry consultant starts own firm
Source: Matt Powell Matt Powell U.S.-based sporting goods and retail industry consultant Matt Powell, who has been serving as a senior industry advisor at The NPD Group, is launching his own consulting and advisory service firm focused on merchandising, marketing and retail called Spurwink River. In October ...
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News briefsGymshark downsizes U.S. headquarters
Gymshark, which has appointed four new senior executives in recent weeks, is shuttering a “substantial portion” of its U.S. headquarters in Denver, Colorado. According to a state regulatory filing that was first reported by the Denver Business Journal, the British fitness community and activewear brand intends to cease most operations ...
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News briefsHanesbrands plans layoffs
Hanesbrands, scheduled to report Q4 results next week, intends to terminate an unspecified number of staff members at its corporate headquarters in Winston-Salem, NC. In a statement to a local newspaper, the apparel firm confirmed a challenging operating environment is prompting the need for the job and other expense cuts.
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ArticleSport 2000 reports another record year
Sport 2000 reports it has continued its growth trajectory of recent years, ending 2022 with earnings that surpass the historic 2021 record.
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ArticleCEOs fear a global decline in short and medium term, survey says
Nearly 75 percent of global CEOs believe they will witness declining growth during the year ahead, while 39 percent think that their company will no longer be economically viable a decade from now if it continues on its current path, according to the “PwC 26th Annual Global CEO Survey: Winning ...
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ArticleTodd Klein named president of Fila USA
Former Adidas and Reebok executive Todd Klein is the new president of Fila USA, replacing Jennifer Estabrook, who took the job in 2019 following the sudden death of Jon Epstein.
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News briefsRenfro enters partnership with SaaS provider TrusTrace
The Stockholm-based software provider TrusTrace has won Renfro Brands as a new customer. Renfro is a socks and legwear specialist, working for Merrell, Dr. Scholl, Polo Ralph Lauren and Sperry, among others. Using the TrusTrace platform, Renfro Brands aims to centralize its current supply chain data for continued compliance with ...
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News briefsGo Sport Group brought under judicial supervision by commercial court
On Jan. 19, the Commercial Court of Grenoble placed the Go Sport group, a retailer that operates 223 stores in France, in receivership after having noted its state of cessation of payment. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings ...
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News briefsAsics wants to grow further in India
Asics saw its net revenues in India increase by 42 percent in 2022, bolstered by the post-pandemic running and fitness boom. It was the company’s highest growth globally. The Japanese sportswear brand is now eyeing a 25 percent growth CAGR in the country over the next few years, Asics’ president, ...
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News briefsLacoste launches new logo for Medvedev’s line
Source: lacoste.com Lacoste has launched a new signature logo for brand ambassador Daniil Medvedev. The French sportswear unveiled the personalized logo at the Australian Open 2023, the first Grand Slam tennis tournament of the year, where Medvedev is wearing a dedicated co-branded collection that comprises a polo ...
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ArticleMaker of CO2-based polyester raises €22m
Fairbrics, a sustainable chemical company developing a technology that converts CO2 emissions into high-quality polyester through a circular manufacturing approach, has received €17 million from the European Union’s Horizon 2020 research and innovation program and an additional €5 million from Fairbrics’ Technology Upscaling Project partners to bring its innovative solution ...
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News briefsGo Sport to acquire Gap France amidst uncertain future
Parent company Hermione People & Brands has confirmed in a short statement that its French sports retail chain subsidiary Go Sport will acquire the master franchise for Gap in France. French investigative online newspaper Mediapart originally unveiled the information on Jan. 10. According to Mediapart, Go Sport and Gap France ...
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News briefsNBA All-Star Allen Iverson partners with Authentic Brands Group
Reebok owner Authentic Brands Group (ABG) has teamed up with Hall of Famer and 11-time NBA All-Star Allen Iverson to further develop Iverson’s own brand. Under the partnership, ABG will focus on growing Iverson’s entertainment business, securing new advertising deals and strategic partnerships, and developing new consumer product opportunities. Currently, ...
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ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its Q4 inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s FY22 and Q4 adjusted diluted earnings. Wolverine says final earning results, when reported next month, will be at the low end of ...
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ArticleAdidas merges Canadian and U.S. businesses
Retail Insider reported Jan. 10 that Adidas is merging its U.S. and Canadian operations. According to the report, the new combined North American headquarters will be the current U.S. headquarters in Portland, Oregon. In 1993, the company established its U.S. operations in Portland and moved to its existing North Portland ...
