Latest Headlines – Page 7
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News briefsAdanola names Niran Chana as CEO
Adanola has appointed Niran Chana as its new Chief Executive Officer to spearhead the brand’s global expansion efforts. Chana, previously the Chief Commercial Officer at Gymshark, assumes his new role effective June 20. His tenure at Gymshark saw significant achievements, including driving global sales growth and overseeing key functions such ...
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News briefsRayox foresees a Spanish pickleball boom
Two years ago, three Spaniards – Samuel Rodríguez, Daniel Rodríguez and Jordi Francés – founded a racquet factory in the US – in Waterbury, Connecticut, to be exact. They called it Rayox Sport. “Samuel told us from the US that pickleball was sweeping the market, and we decided to take ...
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News briefsJD Sports announces expansion into South Africa
JD Sports Fashion has partnered with Foschini Retail Group, a subsidiary of The Foschini Group Limited (TFG), to launch the JD brand in South Africa. Over 40 JD stores are set to open across the country in the next five years, with the first expected by the end of 2024. ...
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News briefsPuma set to launch creative hub in Los Angeles
In a move to strengthen its presence in the US, Puma is gearing up to unveil the Puma Studio in the heart of Hollywood, Los Angeles, in early 2025. The space will serve as a creative hub, bringing together Puma’s design and marketing teams with influential communities and celebrities to ...
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News briefsSizekick and Stronger join forces for AI-driven size recommendations
Stronger wants to utilize Sizekick’s AI-driven size recommendations to offer tailored sizes to their customers, while also helping the environment.
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News briefsAuthentic appoints SVP, Head of Australia and New Zealand
Source: Authentic Lim Mi-Kyoung Authentic Brands Group (Authentic) announced the appointment of Lim Mi-Kyoung as SVP, Head of Australia and New Zealand. In her new role, Mi-Kyoung will oversee Authentic’s regional expansion, focusing on brand development and driving long-term growth. As Authentic’s first employee based in Australia, ...
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News briefsAliExpress first exclusive e-commerce partner of UEFA Euro 2024
AliExpress, the business-to-consumer online marketplace launched in 2010 by Alibaba International Digital Commerce Group, has become the first e-commerce platform as an exclusive official global sponsor of UEFA Euro 2024 in Germany. The marketplace said it invests millions of Euros in discounts, deals, and engagement during the championships. It will ...
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News briefsMainland Headwear hopes new factory will turn fortunes around
Annual operating profit at the China-based group Mainland Headwear declined by 28 percent to HK$190.2 million (€22.5m) from HK$264.1 million for the 12 months ended Dec. 31. Ebit fell by 29 percent to HK$177.2 million (€21.0m) as profit attributable to shareholders tumbled by 40 percent to HK$117.9 million (€14.0m). Meanwhile, ...
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ArticleMajority of Foot Locker’s annual non-US sales generated by five countries
According to Foot Locker’s annual 10-K report filed on March 28, the retailer’s annual international sales in FY24 ended Dec. 31 were essentially flat at $2,759 million versus $2,778 million, with the majority generated in either Canada, France, Italy, Australia or Germany. The 15 other countries where the retailer operates ...
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ArticleBusy summer of sports, soft comps should bolster JD Sports
Shares of JD Sports Fashion rose by 15.7 percent on the London Stock Exchange yesterday, closing at £134.50 (€156.85), after the parent of Go Outdoors, Millets and other retail banners predicted improved trading conditions in the months ahead, sparked by the Euro Cup and Paris Games this summer, softer year-over-year ...
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News briefsPerfect Moment reports Q3 results
London-based luxury lifestyle brand Perfect Moment, which completed a NYSE IPO on Feb. 8, reported a 69 percent drop in operating income to $728,000 from $2.32 million for the period ended Dec. 31. Year-over-year net income fell by 63 percent to $1.2 million from $3.27 million. Total revenues declined by ...
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ArticleAnta Sports’ FY23 operating profit rises 45 percent
Anta Sports, bolstered by double-digit sales gains for its Anta and Fila brands, a retail market recovery in China, and increases in both its wholesale and DTC businesses, reported a 45 percent improvement in annual profit attributable to shareholders at 10,954 million yuan renminbi (€1.4bn) for the 12 months ended ...
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News briefsAlibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per share, ...
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News briefsPuma unveils 2024 national team kits with sustainability at the core
Source: Puma Puma has launched its latest National Team Home and Away kits for 2024, showcasing designs that pay homage to each nation’s heritage. The Authentic versions boast Puma’s Ultraweave technology, while the replica jerseys are crafted using Puma’s Re:Fibre recycling innovation. Re:Fibre represents Puma’s commitment to ...
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News briefsDecathlon partners with Blue Light Card, discounts for frontline workers
Decathlon is extending its support to frontline workers by offering a special discount through the Blue Light Card program, providing valuable savings on a range of essential products. The sports retailer is offering a 10 percent discount on a carefully selected assortment of items to NHS, social care, ambulance, police, ...
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News briefsCanada Goose to reduce corporate roles at its head office
Canada Goose is planning to cut about 17 percent of its global corporate roles in a cost-cutting push. The layoffs are set to involve about 156 jobs at its corporate headquarters, according to Reuters. Between April 2021 and April 2023, the company nearly doubled the number of employees at its ...
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News briefsGolf Ireland announces new sustainability plan
Golf Ireland, the governing body for golf in Ireland, has launched its Sustainability Action Plan “Drive the Green” for 2024 to 2027. Golf Ireland assists the 379 affiliated golf clubs cross the country on their sustainability journey, both on and off the golf course. The new action plan is designed ...
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News briefsFormer Levi’s president Jennifer Sey launches XX-XY Athletics
Jennifer Sey, the former Levi’s Global Brand President, is launching her own direct-to-consumer athletic apparel brand, XX-XY Athletics. The new brand is meant to offer premium casual athletic clothing while also focusing on a message that recommends “being brave, telling the truth, and protecting women’s sports.” No athletic or fitness ...
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News briefsMike Ashley sues Newcastle United over replica shirts for 2024/2025
Mike Ashley, the founder of Sports Direct, is suing Newcastle United over next season’s kit. Ashley owned the football club for 14 years, between 2007 and 2021. He has taken legal action against the club for “stopping his Sports Direct empire from selling their replica shirts” in favor of rival ...
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ArticleShein considers supply chain as a service
Shein seeks to package its method of “small-batch, on-demand production” and sell it as a service to other brands and designers. So reads a letter to its investors that the Wall Street Journal (WSJ) says it has reviewed. Although founded in China, the fast-fashion brand now operates out of Singapore, ...
