Latest Headlines – Page 10
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ArticleCampion to leave Nike after 17 years, joins UCLA
Nike’s current Managing Director of Strategic Business Ventures, Andrew Campion, is planning to leave the company on April 5, according to a recent filing with the US Securities and Exchange Commission (SEC). Campion, who has worked at Nike for 17 years, stepped into this very role in May last year. ...
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ArticleNew CPO, President of Americas at Under Armour
Under Armour (UA) has appointed Yassine Saidi as Chief Product Officer and Kara Trent, the current Managing Director for the company’s EMEA region, as President of the Americas. With nearly two decades of industry experience, Saidi has previously held positions at both Adidas and Puma. According to UA, he brings ...
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ArticleFounder of Snipes steps down as CEO
Sven Voth, the founder of sneaker specialist Snipes SE, is handing over his position as CEO to Dennis Schröder, who has been the company’s General Manager since April 2023. Schröder will immediately assume responsibility for the business of the internationally operating sneaker and streetwear retailer. Voth will remain with the ...
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ArticleWolverine Worldwide sells Sperry to Authentic
Wolverine Worldwide has successfully offloaded its Sperry footwear brand to brand management firm Authentic Brands Group. Aldo Group, a Canadian retail group, has, at the same time, been appointed as the brand’s North American partner and will be responsible for wholesale, e-commerce and stores, Authentic said in a press release. ...
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ArticleMerger produces new league in American football
In the world of American football, the XFL and the USFL have merged into the United Football League (UFL). The league will be playing in the spring, which is the off-season for the National Football League (NFL), and has scheduled a first game for March 30. The league’s President and ...
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ArticleA challenger rises in Spanish pádel e-tail
In its three years of operation, Padel Pro Shop has reached €10 million in annual sales, and its latest annual results for 2023 represent a year-on-year increase of 95 percent. For the new year, the online retailer’s objective is to achieve another increase in annual sales, this time of 60 ...
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ArticleOn Holding plans further expansion, but no Tiger signing
Swiss company On Holding, which had a phenomenal 2023 in terms of sales and profitability growth, is promising to unleash a plethora of new products over the next 10 to 24 months and be a player at the Paris Games (including new uniforms for the Swiss National Team) this summer, ...
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ArticleWolverine Worldwide on expected FY course, update on transformation
Wolverine World Wide, Inc. provided an update on its preliminary, unaudited financial results for FY 2023 and its ongoing transformation efforts ahead of its presentation at the 2024 ICR Conference this week. “We’re executing the stabilization phase of our strategic transformation with tremendous pace while redesigning Wolverine Worldwide for the ...
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ArticleCrocs expects record revenues, raises FY guidance
Crocs Inc. now expects to post record 2023 revenues of approximately $3.95 billion, representing more than 11 percent growth year-over-year, compared with a previous guidance of a 10 to 11 percent increase. “2023 was a strong year for Crocs, Inc. that culminated in a successful holiday season with market share ...
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ArticleAliExpress publishes report on general online shopping landscape in Europe
AliExpress, the international online retail marketplace of Alibaba International Digital Commerce Group, has published its first Consumer Insights Report examining the online shopping landscape in Europe. The report surveyed consumers in France, Germany, Spain and the UK and aimed to uncover key trends and insights into European consumers’ online behavior ...
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ArticleAmer’s Arc’teryx brand key to sales growth in China
Amer Sports, the Finnish parent of 11 brands, which filed for an initial public offering on the New York Stock Exchange on Jan. 4, has dramatically increased its sales in Greater China over the last four years largely through its Arc’teryx brand. The group’s total sales in the market increased ...
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ArticleWhy you need written agreements, especially in times of financial crisis
Nobody wants to think about going bankrupt, but our legal expert has one piece of advice that will help brands be ready, should the worst happen.
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ArticleStrava releases Year In Sport Trend Report, social connections most important
Strava has released its Year In Sport: The Trend Report, highlighting global trends among active people across all generations. It reveals that Generation Z’s behaviors and habits differ from other generations, but they also have different motivators, barriers and interests when it comes to staying active. For the report, Strava ...
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ArticleProwinter 2024 Bolzano: Jan. 10-12, 2024
The twenty-fourth edition of the Italian trade show Prowinter is just around the corner and takes place from Jan. 10-12 at the main hall of Fiera Bolzano’s exhibition center. Besides being a meeting point for companies, rental companies and retailers, Prowinter 2024 will be enriched with new initiatives that will ...
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ArticleJD Sports cuts profit forecast due to weak consumer spending
After sales at JD Sports Fashion’s sales fell short of expectations in the 22 weeks to December 30, the British retailer, which owns Go Outdoors, Blacks, Millets and other retail brands, lowered its profit guidance for the full year. According to the company, organic sales growth at constant currency ...
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ArticleFairmonde Golf welcomes LPGA golfer Angel Yin as a shareholder
Fairmonde Golf, an eco-friendly women’s golf apparel brand based in Wyoming, announces that US LPGA professional Angel Yin, an esteemed role model in the golf industry, has become a substantial shareholder in the brand. Yin, known for her outstanding performances at the Buick LPGA Shanghai and her prestigious win at ...
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ArticleHyperice sues Therabody for infringement of percussion patent
Hyperice, a California-based provider of muscle and joint restoration, mobility and performance enhancement technologies, filed a lawsuit in federal court on Jan. 3, 2024, against Therabody, Inc., which is also based in California and manufactures the Theragun line of percussion massage guns and other products, alleging infringement of Hyperice’s patented ...
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ArticleUvex Sports Group with new executive management
Source: Uvex Sports Group Patrick Hebling (left) and Patrick Angeletti (right) The Uvex Sports Group with its brands Uvex, Alpina and Hiplok appointed a new management duo on Jan. 1, 2024. Patrick Hebling and Patrick Angeletti have joined the management board as CEO and CFO/COO, respectively. ...
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ArticleXponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, announced the signing of a master franchise agreement for Pure Barre and YogaSix in Japan with Sunpark Co. Ltd. Sunpark has committed to open at least 50 franchise studios for Pure Barre and Yoga Six in the country. The ...
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ArticleFootway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
