Latest Headlines – Page 13
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ArticleAsics announces Festival of running weekend
Source: Asics Asics is gearing up to host a one-of-a-kind Festival of Running weekend in Paris from April 5 to 7, 2024, dedicated to showcasing the transformative power of running on the mind and body. The festivities kick off on April 5 with an elite race sanctioned ...
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ArticleZumiez shifts European strategy, reports FY23 loss on lower sales
Zumiez, the operator of Blue Tomato stores in Europe, is moving forward with a new strategy for the continent that will focus more on “enhancing the productivity of its existing business” across the region and less on aggressive store expansion, given the associated costs of opening new doors. “With ...
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News briefs360 Padel Group hires CEO
360 Padel Group has hired Sascha Beyer as its CEO, as we have learned from CMDsport and confirmed on the blog of one of the group’s divisions, Padel Nuestro. Beyer served as Tennis-Point’s Managing Director from 2016 to 2023 and its CEO for North America from 2021 to 2023, leading ...
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ArticleZalando wants to cover 15% of the European fashion market
Zalando posted lower sales in 2023 but expects to at least stabilize revenues this year and resume growth from 2025. The German online fashion group also outlined its long-term plans to cover 15 percent of the European fashion market. In 2023, the gross merchandise volume (GMV) decreased by 1.1 percent ...
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News briefsRevo opens flagship store in Manhattan’s SoHo district
Source: Revo New Revo sunglass store in the heart of Manhattan’s SoHo district Revo, the performance sunglass brand, announced the grand opening of its inaugural brick-and-mortar retail store in Manhattan’s SoHo district. Situated at 436 West Broadway, a bustling shopping hub, the store promises a unique and ...
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ArticleOn opens first store in Germany
As part of its global retail expansion, the Swiss brand On opened its first German community store in Berlin on March 15, where customers will have access to a full range of On products. To date, the brand operates 32 stores worldwide and plans to open 15 to 20 new ...
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News briefsVans' Product Chief departs
Marissa Pardini, Vans’ Chief Product and Merchandising Officer, has announced her departure from the brand by the end of March. This follows a series of turnovers within VF Corp. Pardini, who joined Vans in December 2022 after a decade with the company and a stint at sister brand The North ...
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ArticleLi Ning considers privatizing sportswear firm amid market challenges
Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...
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News briefsSmith with new sales team for German market
After a long-standing and successful sales partnership with three agencies in Germany, eyewear and helmet specialist Smith, part of Safilo Group, is opening the next chapter for the brand in the German market. Therefore, the brand has welcomed Michael Horstmann and Florian Krach to its sales force. A particularly strong ...
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ArticleAdidas CEO Bjørn Gulden: “Why ‘no’?”
Albeit Adidas presented the first loss in 30 years, CEO Gulden is driven by optimism.
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ArticleAdidas has revealed seven kits for Euro 2024, inspired by Tintin, tartan and carnation
Adidas has pulled back the curtain on the latest lineup of technical performance kits for seven prominent football federations ahead of UEFA Euro 2024. Belgium, Germany, Hungary, Italy, Scotland, Spain, and Wales will hit the field sporting reimagined home and away designs. Each jersey is meticulously crafted to instill a ...
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ArticleItaly’s Cisalfa to take over SportScheck
Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024. The German retail chain SportScheck will ...
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ArticleChina’s athleisure market poised to hit $82.8 billion by 2024
The fusion of fashion and functionality known as athleisure is reshaping China’s sportswear industry, with projections indicating a substantial growth trajectory, according to Retail in Asia. Driven by a blend of fitness trends, lifestyle changes, and a burgeoning wellness movement, athleisure is becoming a dominant force in the Chinese apparel ...
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News briefsBig in South Korea? Alibaba plans to invest $1.1bn
Alibaba Group is set to inject $1.1 billion into South Korea over the next three years, according to a business strategy document cited by South Korean news agency Yonhap on Thursday. The investment aims to establish a logistics center and bolster business operations in the region. Reportedly, the Chinese e-commerce ...
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News briefsSee all Adidas kits for Copa America
Adidas has revealed the latest lineup of technical performance kits for five football teams ahead of Copa America. Today marks the unveiling of the home and away jerseys for Argentina, Chile, Colombia, Mexico, and Peru, offering fans and players a glimpse of the attire they’ll don this summer. This release ...
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ArticleYue Yuen’s profit, sales slip in soft FY23
Yue Yuen, the globe’s largest manufacturer of footwear, suffered a down year in 2023 due to inventory de-stocking by retailers worldwide and conservative ordering by its portfolio of brand clients that include Nike, Adidas, Asics and New Balance, among others. Yue Yuen’s annual Ebit declined by 5.6 percent to $390.2 ...
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News briefsChange again at Under Armour's helm
Under Armour (UA) founder Kevin Plank, the current Executive Chair of the Board, is set to again become President and CEO of the Baltimore, Maryland company on April 1. At the same time, Dr. Mohamed A. El-Erian, an independent UA director since 2018 and lead director since 2020, will become ...
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ArticleAdidas posts first loss in 30 years, eyes €500m operating profit in FY24
Adidas CEO Bjørn Gulden presenting the FY 2023 annual results Growing demand for its Classic shoes and double-digit sales growth rates in both Greater China and Latin America are projected to spark the overall results of Adidas this year, leading to double-digit sales growth in H2 and ...
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News briefsAsics EMEA introduces a young exercise influencer team
Asics has announced the launch of what it claims is “the world’s youngest exercise influencer team.” Asics “Little Reminders” is a group of seven and eight-year-olds from across the UK who are on a mission to remind adults to exercise for how it makes them feel, not how it makes ...
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News briefsStyle Capital buys majority stake in Autry
Milan-based private equity investor Style Capital is buying Autry International, the owner of the Italian sneakers brand Autry, from Made in Italy Fund. The financial details of the transaction were not disclosed. Style Capital will buy a 50.2 percent stake, while the Doro family, the brand’s founders, will retain a ...
