Latest Headlines – Page 83
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ArticleA “courtside” look at the pádel market
Sales have been flat so far this year at Padel Courts Deluxe, CEO Fernando Cánovas tells CMDsport. Now that mid-year is behind us, moreover, he believes it safe to say that 2023 will be a year of transition in the pádel-court business, with growth picking up once more in the ...
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ArticleUK study highlights the advantages in sponsoring women’s sports
A new study from the Women’s Sport Trust has highlighted the positive outcomes for brands if they invest in women’s sports. Founded in 2012, the Women’s Sport Trust is a UK-based charity that works to raise the visibility and increase the impact of women’s sports. According to its new study, ...
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ArticleCanadian regulators accuse Nike of profiting from Uyghur forced labor
CBC (Radio Canada) reports that the Canadian Ombudsperson for Responsible Enterprise (CORE), Canada’s corporate misconduct watchdog, has gathered enough information to launch an investigation into allegations that Nike Canada Corp. (as well as a Canadian gold mining company called Dynasty Gold Corp.) is profiting from forced Uyghur labor in China. ...
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ArticleXponential signs Club Pilates master franchisee in France
Xponential Fitness, a California-based international franchisor of boutique fitness brands, has signed a master franchisee agreement in France for its Club Pilates brand, marking its 19th international country outside of North America. The agreement, signed with TCMP Fitness and partners Susan and Chris Fichaud, gives the master franchisee the ability ...
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ArticleSkechers commits to English pickleball
Skechers has been named the official footwear sponsor of the 2023 English Open and English Nationals pickleball tournaments by Pickleball England. Last year, Skechers signed its first two elite pickleball athletes in the US and Canada, Tyson McGuffin and Catherine Parenteau. Shortly thereafter, the brand introduced the ...
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ArticleGarmin DACH strengthens marketing team
Garmin DACH’s marketing team, led by Simone Weber, has grown with the addition of four new staff members responsible for Trade Marketing, Corporate Communications, Trade Show & Event, and Athletes & Influencer Marketing. The goal of the workforce expansion, according to the company, is to “take the next steps in ...
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ArticleAuditors declare EU has made “very little progress” in transition to a circular economy
The EU has made “very little progress” in its transition to a circular economy, according to a report published by the European Court of Auditors (ECA). More than 10 billion euros of investment has had little impact, with a lack of circular design and circular manufacturing processes being blamed. The ...
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ArticleJD Sports to acquire all remaining shares of Iberian Sports Retail Group
JD Sports Fashion has announced its intention to acquire the remaining 49.98 percent stake in Iberian Sports Retail Group (ISRG), currently held by Balaiko Firaja Invest and Sonae Holdings, for a total cash consideration of €500.1 million, to be funded from the group’s existing cash resources. Upon completion of the ...
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ArticleNGO calls recycled plastic products “avoidance strategies”
AN NGO has denounced as “avoidance strategies” five tactics to deal with waste deployed by some of the biggest companies in the world
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ArticleMAS Holdings invests in HeiQ AeoniQ
MAS Holdings, a global apparel and textile group headquartered in Sri Lanka, has secured an investment in HeiQ AeoniQ™ to support the development of next-gen cellulosic filament fibers to replace polyester and nylon. MAS Holdings is the largest apparel and textile manufacturer in South Asia with sales of approximately $2 ...
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ArticlePuma commits to bovine leather from verified deforestation-free supply chains
Puma has joined the Deforestation-Free Call to Action for Leather, launched by global non-profit organizations Textile Exchange and Leather Working Group (LWG), to create equitable, transparent and deforestation-free leather supply chains. The cross-industry initiative asks brands to commit to sourcing their bovine leather from deforestation/conversion-free supply chains by 2030 or ...
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ArticleMcKinsey analysis: 6 key strategies to succeed in the sporting goods market
How can you gain a competitive edge and realize growth? In this exclusive content from McKinsey, we outline what your strategy should include.
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ArticleMartine Rose and Nike dissolve boundaries of men’s and women’s soccer styling
Source: Nike Nike x Martine Rose In her latest partnership with Nike, London-based designer Martine Rose dissolves the boundaries of men’s and women’s soccer styling with gender-neutral, tailored player suits. Connecting and merging the moments of “getting off the plane” to “arriving on the pitch,” the collection ...
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ArticleEverysport Group acquires equestrian sports media company
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, has reached an agreement to acquire equestrian media company Hippson Aktiebolag. The seller of the transaction is Perlavita AB, which is owned by AltoCumulus (a family business within the Axel Johnson Group). The acquisition complements Everysport’s existing ...
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ArticleJD Sports to expand into Middle East
JD Sports Fashion will open around 50 stores in the Middle East after agreeing to its first-ever franchise deal with Dubai-based global retailing, distributing and manufacturing company GMG, according to Reuters. The doors, to be situated in the United Arab Emirates, Saudi Arabia, Kuwait, and Egypt, will be a large ...
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ArticleUNEP and UN Climate Change release the first Sustainable Fashion Communication Playbook
The United Nations Environment Programme (UNEP) and UN Climate Change have released the first Sustainable Fashion Communication Playbook, a practical guide for communicators across the global fashion industry on how to align consumer-facing communication with sustainability targets. The 96-page document was presented at the recent Global Fashion ...
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ArticleThe latest on the EU’s Ecodesign for Sustainable Products Regulation
The Ecodesign for Sustainable Products Regulations are one step closer. We bring you a summary of everything you might need to know so far.
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ArticleNike eyes “healthy, full price growth” as inventory woes dissipate
Having surpassed $51 billion in annual revenues and normalized its inventory level through markdowns and order cancellations, Nike says it’s better positioned than smaller rivals as it commences FY24 with a strategy to grow total revenues by mid-single digits, expand reported gross margin by 140 to 160 basis points despite ...
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ArticleKoroyd grows with new HQ, new hires and brand relaunch
Koroyd, a Monaco-based company offering an advanced impact protection technology, announced significant strategic growth developments across the company, including a move to an expanded headquarters, new hires across the business, a complete relaunch of its brand identity and messaging, and category growth in key markets. Over the past 18 months, ...
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ArticleCoats launches new footwear division
Coats, the UK-based manufacturer of industrial yarns and structural components for apparel and footwear, has launched a new footwear division following its acquisition of Texon and Rhenoflex in 2022. Following a period of integration, Coats Footwear was launched, offering an expanded range of components and material solutions to footwear and ...
