Latest Headlines – Page 183
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BenQ launches new Xpore membrane
BenQ Materials Corporation, a Taiwanese company specializing in materials science, has launched a new nanoporous waterproof/breathable membrane technology for high-performance sports apparel which, it claims, provides both environmental sustainability and more benefits than other, more popular membranes.
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ArticleAccelerating, Intersport launches a “Heart of Sport” brand platform
Continuing the progress already achieved, Intersport International Corporation reports an overall sales increase of 3.2 percent for its affiliated sports retailers around the world in 2019, reaching a total retail turnover of €12.3 billion after VAT in terms of euros and recovering from growth of only 0.7 percent in the ...
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ANWR grows by over 50%, up bt 9.6% in sporting goods
The ANWR Group, the big international cooperative of independent retailers based in Mainhausen near Frankfurt that controls Sport 2000 and other franchised chains in various countries, proudly boasted an increase of almost 54 percent in its total business volume to €14.6 billion in 2019. The year marked the 100th anniversary ...
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VF lowers its outlook
In releasing its results for its third quarter ended on Dec. 28 on Thursday, VF Corporation said its business so far this year has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets it ...
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Uncertainty over the non-recreational use of Nike’s Vaporfly
Last year, the Kenyan distance runners Eliud Kipchoge and Brigid Kosgei made headlines around the world. Kipchoge became the first human being ever to run a marathon – albeit an unofficial one – in less than two hours, while Kosgei broke the women’s world record for the same distance. Both ...
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Lululemon is riding impressive momentum
Lululemon Athletica seems unstoppable. Citing a strong holiday period, it has upgraded its revenue and earnings guidance for the fiscal fourth quarter ending on Feb. 2, 2020. The company’s shares, which nearly doubled in value last year, gained an additional 3 percentage points after the announcement.
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ArticleIspo Munich wants us to be active, responsible and creative
These are the three key words chosen by Ispo Munich for its Jan. 26-29 edition, as the world’s leading sporting goods fair is about to celebrate its 50th anniversary with a new and broader positioning in the world of sports.
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New horizons for W.L. Gore in sustainability
As part of its commitment to improve the sustainability of its products, W.L. Gore & Associates is working hard on the development of a new waterproof/breathable membrane based on a non-fluorinated material.
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ArticleThe green bona fides of Adidas
This year, for the first time, more than half of the polyester in Adidas products will derive from recycled plastic waste. If things stay on track, moreover, by 2024 Adidas will be using recycled polyester exclusively whenever it is applicable. Adidas has been working on a number of other sustainability ...
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New management for Kjus
Kjus, the Swiss ski, golf, and lifestyle apparel company acquired by Acushnet Holdings in July 2019, has made Brooke Mackenzie president of worldwide operations. A skier and golfer herself, Mackenzie joined Kjus in 2012, taking care of the brand’s North American operations. She used to own a real estate brokerage, ...
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Sportmaster employs AI to improve retail network’s effectiveness
The biggest Russian sporting goods retailer has adopted artificial intelligence, using algorithms supplied by a Kiev-based IT company, Softline, in a bid to streamline the internal logistics network. Softline has supplied the hardware and a software system, Nvidia DGX-2, whose performance can be compared to that of dozens of servers.
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Crocs raises its guidance
As it recorded its strongest fourth quarter ever, Crocs decided to raise its revenue guidance for the last three months of 2019. The company now expects revenues to have risen by 21 percent from the year-ago period, reaching a level of $260 to $262 million, up from a previous forecast ...
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Decathlon opens its first stores in Luxembourg and Kazakhstan
Decathlon will open its first store in Luxembourg, located in the Royal-Hamilius shopping mall, during the first quarter of this year. It will be a “Decathlon City” concept store, with a relatively small area of 630 square meters, spread over two floors.
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ArticleNew round of financing for France’s Snowleader
Snowleader, the leading French online retailer of winter sports and outdoor products, says it has collected €10 million in new financing from three institutional investors, including a fund owned by the BNP Paribas bank, to help pursue its international omni-channel strategy.
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The FTA between the EU and Vietnam makes progress
The Committee on International Trade of the European Parliament has approved the free trade agreement signed last June by the European Commission with the government of Vietnam, paving the way for its endorsement by the full Parliament in February, ahead of its ratification by the European Council. It calls for ...
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Rossignol promotes sustainability
Differentiating itself from other ski companies, the Rossignol Group announced a few days ago the official launch of a new program of sustainability and corporate social responsibility. Called “Respect,” it calls among other things for a 40 percent cut in the waste generated by its manufacturing processes by 2025 and ...
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A truce between the U.S. and China
The governments of the U.S. and China have signed a “phase one” trade deal that was confirmed in December after a year and a half of back-and-forth tariff impositions. The deal covers intellectual property rights, which China has been known to circumvent in a variety of ways, and ensures that ...
