Latest Headlines – Page 120
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ArticleJoe Nimble and Huntsman collaborate on high-performance running shoe
Polyurethane experts from global chemical manufacturer Huntsman have collaborated with German running shoe specialist Joe Nimble and German design and development company Footwear Innovation Lab GmbH on a new, “revolutionary high-performance running shoe.” Developed by Joe Nimble founder Sebastian Baer in cooperation with renowned biomechanics expert Lee Saxby, the Ultreya ...
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ArticleEuropean Alliance for Physical Activity launched by cross-sector associations
ENOS, EuropeActive, FESI and It’s Great Out There Coalition have launched the European Physical Activity Alliance (EPAA), a new organization designed to promote the benefits of health-enhancing physical activity for physical, social and mental health and well-being. The EPAA was launched during an online event that attracted more than 200 ...
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ArticleRam quits Champion’s parent to run Clarks
Shortly after HanesBrands announced that Jonathan Ram is leaving as president of global activewear on March 31 to take a position with another company and to be closer to his family, Clarks announced in turn that he would be the British company’s new CEO in April, taking the place of ...
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ArticleTwo sports companies are among the most innovative 50 companies of 2022
The renowned business magazine Fast Company names the most innovative 50 companies every year. This year, Stripe came in first place. The payment service provider links the digital payment process with environmental protection measures. Stripe offers the possibility to participate in technology for CO2 reduction. Source: Fanatics Fanatics ...
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ArticleNorges Bank halts GPFG investment in Li-Ning
The Chinese sporting goods manufacturer Li-Ning is suspected of contributing to serious human rights violations in Xinjiang province. The Norwegian Ethics Council made this clear in an assessment at the end of September 2021. The reason is Li-Ning’s cooperation with cotton and textile suppliers who are said to employ a ...
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ArticleInternational Padel Federation unveils name, logo and dates of new official padel tour
The International Padel Federation (FIP), headquartered in Switzerland but operating from Spain, has released more details about its new padel circuit, which will be called Premier Padel, and its new logo, a gold star attached to five paddles. Until now, the emerging sport has had only one world championship, the ...
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ArticleTecnica Group shows resilience
Sales grew by 21.8 percent to €466 million in 2021 for the Tecnica Group, leading to a 40 percent improvement in operating earnings (Ebitda) to €77 million for the year, despite adverse factors like the Covid-19 epidemic, higher prices for raw materials, which were said to have been in limited ...
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ArticleKering acquires Maui Jim, and Zeal Optics
Kering Eyewear is acquiring Maui Jim, the world’s largest independent brand of high-end sunglasses. The deal is subject to approval by regulators but should be complete by the second half of 2022. Speaking at a press conference this morning, Kering Eyewear’s president and CEO, Roberto Vedovotto, did not wish to ...
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ArticleThe Climate Pledge announces nearly 100 new signatories
Amazon and Global Optimism announced that more than 300 companies have now signed The Climate Pledge, an increase in signatories of nearly 600 percent over the past year. The nearly 100 new signatories include the world’s largest container shipping company Maersk, leading enterprise software developer SAP, North American lumber company ...
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ArticleRatcheting up European store growth, Zumiez sees a path to break-even in the region
Elaborating on its recent strong growth outside North America, Zumiez said it intends to open 14 new stores in various European countries in 2022, including two new markets, to take its door count across the continent to 81 locations. They will be branded as Blue Tomato, the European banner of ...
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ArticleRussian footwear market faces a crisis
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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ArticleMizuno and Under Armour help Vulcabras to sell more athletic shoes and apparel
Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...
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ArticleMarks & Spencer invests in brand platform The Sports Edit
U.K. retailer Marks & Spencer has announced a new strategic investment in the fast-growing brand platform The Sports Edit. The Sports Edit was founded in 2015 by Nick Paulson-Ellis, who has grown the company by focusing on bespoke brand curation in activewear. The Sports Edit is constantly adding new and ...
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ArticleAdidas sees sales continuing to fall in Q1 but is optimistic for the year
Adidas is projecting that its sales would decline by a mid-single-digit rate in the first quarter of 2022 as continued supply shortages due to Covid-19 lockdowns in Vietnam late last year are seen shaving some €600 million of its top line during the period. They already shaved €400 million from ...
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ArticleWomen in sports business: facts and figures on international women’s day
#BreakTheBias is the slogan for International Women’s Day 2022, and many sports and outdoor brands are also using the slogan together with the hashtags #InternationalWomensDay and #IWD2022 for their own campaigns in the “Women’s Month of March.” On the occasion of Women’s Day, SGI Europe examined the quota of women ...
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ArticleSport 2000 Germany reports best result in company history; outdoor, ski touring leading the pack
Sport 2000 GmbH continues to grow in Germany. The factored purchasing volume and external sales of the affiliated partner companies in Germany gave Sport 2000 the best result in the company’s history in 2021. As a result, Sport 2000 defends the position it already held in 2019 as Germany’s largest ...
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ArticleGerman survey: Paralympics help reduce prejudice against people with physical disabilities
On March 4, the Paralympic Winter Games will kick off in Beijing, barely two weeks after the end of the Winter Olympics. According to a recent survey by YouGov in cooperation with Statista, 72 percent of people in Germany say that the Paralympics can help break down prejudice against people ...
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ArticleSigna Sports United grows by only 10.6% as bike supply issues persist
Signa Sports United (SSU), which continues to be hampered by supply chain issues within its full-bike segment, grew first-quarter revenues by 10.6 percent to €213 million due to strong sales gains within its tennis (+43 percent) and outdoor equipment (+20 percent) segments. Excluding sales of full bikes, first-quarter revenues climbed ...
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ArticleSri Lanka’s apparel exports in January set 5-year record
Sri Lanka’s January 2022 apparel exports reached the highest level for that month in the last five years. This performance demonstrates the underlying strength of the industry, which has recovered from ongoing shocks from the impact of the pandemic over the past two years. Sri Lanka’s garment export revenue increased ...
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ArticleGlobal footwear market estimated at $440 billion in 2026
In 2020, the global footwear market was estimated at $384.2 billion and is expected to rise by a compound average growth rate (CAGR) of 2.3 percent to reach $440 billion in 2026, according to Reportlinker, a research institute using artificial intelligence to compile reports. Casual footwear, one of the segments ...
