Latest Headlines – Page 10

  • Arena_Sport_Logo
    Article

    Arena has become a Benefit Corporation

    2023-12-14T16:37:00Z

    Arena has changed the legal status of its parent company in Italy to a Società Benefit, a purpose-driven corporate model known worldwide as “Benefit Corporation.” The transition was made with the support of Italy-based NATIVA - Regenerative Design Company, which supports companies in a radical evolution towards regenerative economic models. ...

  • European Sports and Sporting Goods retailers
    Analysis

    The European sports retail market

    2023-12-14T06:30:00Z

    Our latest review of European sports retailers shows single-figure growth. We bring you the numbers in full across 15 countries and over 70 retailers.

  • 1200px-Moncler_logo.svgz
    Article

    Moncler leads DJSI World and Europe for fifth consecutive year

    2023-12-13T16:08:00Z

    For the fifth year in a row, Moncler Group maintains the top rank in the “Textiles, Apparel & Luxury Goods” segment in the Dow Jones Sustainability Indices World and Europe. The company obtained the highest score (89/100) as of Dec. 8, 2023. The Dow Jones Sustainability Indices (DJSI) measure the ...

  • olympic-flag
    Article

    IOC rules on Russian and Belarusian athletes

    2023-12-13T16:07:00Z

    The Executive Board of the International Olympic Committee (IOC) has decided to allow athletes with a Russian or Belarusian passport to compete in the 2024 Olympic Games in Paris as Individual Neutral Athletes (AINs). AINS must qualify for the games through the mechanisms set up and maintained by International Federations ...

  • ua-sustainability2023-mortonworks-highres--13
    Article

    Under Armour makes proprietary fiber-shed test method publicly available

    2023-12-13T14:38:00Z

    After years of research in its innovation lab, Under Armour (UA) announced a breakthrough fiber-shed testing method earlier this year to combat the invisible but formidable sustainability threat of microfibers and microplastics to society and the planet. Now, the brand has teamed up with James Heal, a leading provider of ...

  • AW23_TS_Football_New-Zealand_Lockup_16x9_1920x1080px
    Article

    Puma partners with New Zealand Football Association

    2023-12-13T14:37:00Z

    Shortly after announcing the end of the sponsorship of the Israeli and Serbian national football teams, Puma revealed on Dec. 13 a new long-term partnership with the New Zealand Football Association (NZF), set to begin in 2024. Led by Johan Adamsson, Puma’s Global Director of Sports Marketing & Sports Licensing, ...

  • Atleet
    Article

    Atleet flying high for Tréndico

    2023-12-13T08:51:00Z

    After five years in business, the Tréndico buying group’s newest retail banner, Atleet, is projecting record sales of more than €60 million for the full year 2023, according to CMDsport. This amounts to a gain of 18.5 percent over FY 2022’s figure of €55.7 million. Specialized in sportswear for training, ...

  • KyrieIrving
    Article

    Irving invests in sneaker marketplace Kicks Crew

    2023-12-12T16:51:00Z

    Kicks Crew, a global sneaker and apparel e-commerce platform founded in 2013 and based in Los Angeles, California, has secured international basketball athlete, artist and actor Kyrie Irving as an investor. The athlete, sponsored by Chinese sporting goods brand Anta and also serving as the brand’s Chief ...

  • lululemonathleticalogovector_470603
    Article

    Lululemon eyes men’s, footwear as key growth opportunities

    2023-12-12T06:59:00Z

    Lululemon, which last week called its early holiday sales “strong” and forecasted total Q4 revenues of $3.14 to $3.17 billion, intends to put extra attention on the men’s business and launch footwear for him in 2024. While the brand’s Q3 men’s sales increased by 15 percent, the group admitted men’s ...

  • jeffrey-f-lin-MslmIpjnCBQ-unsplash
    Article

    Women’s elite sport revenues to surpass $1bn for the first time in 2024

    2023-12-11T16:38:00Z

    According to a new report by consulting firm Deloitte, women’s elite sports will generate global revenues of US$1.28 billion in 2024, surpassing the US$1 billion milestone for the first time. This total will also mark an increase of more than 300 percent from Deloitte’s previous valuation in 2021. These projections ...

  • Reebok Impact
    Article

    Reebok is preparing a new digital sneaker

    2023-12-11T07:11:00Z

    Reebok is working on a “digital shoe experience” called Reebok Impact, for release sometime next year. The product here is digital wearables for metaverse avatars – that is, NFTs on a blockchain. The teaser video, however, is promising that “the experiences you share” in the metaverse will “become the digital ...

  • Sportmaster Logo Russian
    Article

    Russia’s Sportmaster tests a new store format

    2023-12-08T10:16:00Z

    The largest Russian sporting goods retailer, Sportmaster, plans to launch 250 stores in a mini format in towns with a population of up to 50,000 people. All mini-stores will be established exclusively under franchise agreements, as the company prefers not to waste resources on expansion into Russian provinces. The first ...

  • Frasers_Group_Logo
    Article

    Frasers confident in strategy despite short-term challenges for premium lifestyle biz

    2023-12-08T07:44:00Z

    UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...

  • 2560px-Signa_Holding_logo.svgz
    Article

    Signa insolvency proceedings: €5bn in liabilities

    2023-12-08T04:06:00Z

    The restructuring proceedings with self-administration for Signa Holding GmbH were opened at the Commercial Court in Vienna on the evening of Nov. 29, 2023. According to the AKV creditor protection association, 42 service providers and 273 creditors are affected. According to the application, the debtor has assets with a book ...

  • Farfetch
    Article

    Alibaba’s president steps down from Farfetch board

    2023-12-07T17:54:00Z

    J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...

  • Sports Unlimited Retail
    Article

    Dutch business of JD Sports declared bankrupt

    2023-12-07T17:43:00Z

    Sports Unlimited Retail, the parent group of Perry Sport, Aktiesport and Sprinter Netherlands, was declared bankrupt according to a notice that appeared on the Sprinter Netherlands retail site on Dec. 6, 2023. The Netherlands-based Sports Unlimited Retail is owned by the British JD Sports group. JD Sports acquired Perry Sport ...

  • guillaume-perigois-0NRkVddA2fw-unsplash
    Article

    EU bans destruction of unsold textiles, footwear

    2023-12-07T07:37:00Z

    The European Commission, Parliament and Council agreed on Dec. 4 on a new framework to make products sustainable by design.

  • Trademark dispute case study sporting goods product name
    Article

    A minefield for legal disputes? Model names on websites

    2023-12-06T09:34:00Z

    Does your online store conform to trademark rules? Our legal expert shares a cautionary tale.

  • Conferenza-Stampa-Prowinter-2024-Foto-MarcoParisi-11
    Article

    Prowinter presents program of upcoming trade show in Bolzano

    2023-12-05T17:23:00Z

    All the new features of the twenty-fourth edition of Prowinter, which will take place in Bolzano, Italy, from Jan. 10 to 12, 2024, were presented at a digital press conference this week. “At the request of the companies, the 2024 edition has been extended for an additional day,” said Geraldine ...

  • charlotte-karlsen-lfuzhMJw1WA-unsplash
    Article

    Sports eyewear market to post 7.3% CAGR by 2027, says new report

    2023-12-05T05:46:00Z

    The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...