All News briefs articles – Page 141
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News briefsDecathlon UK launches affordable Back to Sport Pack
Decathlon UK has launched a Back to Sport Pack that costs under £25 (€29), to allow all kids to participate in sports. The kit, available in-store and online for ages 4–15, comprises shorts, a t-shirt, trainers and a backpack. Data from the sporting goods retailer has revealed that 63 percent ...
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News briefsNew CEO for Wolverine World Wide
Wolverine World Wide, Inc. announced that it has appointed Christopher Hufnagel, current President of Wolverine, as President, Chief Executive Officer, and member of the Board of Directors, effective immediately. He succeeds Brendan Hoffman, who is no longer with the company. Source: Wolverine World Wide New CEO of Wolverine ...
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News briefsStruggling Superdry secures £25 million from Hilco Capital
Superdry has announced that it has secured a secondary lending facility of up to £25 million (€29m) from Hilco Capital, a London-based firm that specializes in restructuring and refinancing other companies. The fresh funding is supposed to help accelerate Superdry’s turnaround plan and cost-cutting program. The arrangement with Hilco is ...
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News briefsNew technology aims to reduce size-related returns in e-commerce
A Munich-based startup, Sizekick, has launched a new technology to help brands and retailers reduce size-related returns in e-commerce, along with strategic partner and investor Hohenstein. The newly developed sizing AI is now celebrating market entry, with the technology available for fashion e-commerce stores, with successfully acquired customers including the ...
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News briefsAlibaba partners with CommerceHub to support European expansion
Miravia, a Spanish marketplace that is part of Chinese group Alibaba, is partnering with CommerceHub, a commerce network with headquarters in Latham, New York. The partnership involves integrating CommerceHub’s e-commerce platform with Miravia’s operations. CommerceHub connects more than 40,000 retailers and brands globally, transacts around $50 billion in gross merchandise ...
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News briefsFitness start-up Rolla raises €6.3 million in seed round
Bosnia and Herzegovina-based fitness tech firm Rolla has announced that it has raised €6.3 million in a seed funding round as it plans to launch in 2024. The round was led by Croatian entrepreneur Mate Rimac, CEO of Rimac Group, and Romania-based Hellen’s Rock, the family office of Superbet founder ...
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News briefsAllbirds’ Q2 operating loss rises slightly
Allbirds, which continues to move forward with its “strategic transformation plan” announced in March, intends to complete distribution agreements with partners in Canada and South Korea during H2. In Q2, the operating loss was $29.6 million against an operating loss of $29.3 million in the period ended June 30. ...
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News briefsGrupo SBF Q2 operating income dips despite revenue growth
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro, said its Q2 results were negatively impacted by “still high inventory levels” in its Fisia business, where an aggressive markdown strategy wiped out the gross margin gains generated by its DTC segment. Second quarter adjusted Ebitda slipped by ...
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News briefsLatest Puma limited edition inspired by tourist destination
Puma has partnered with Sport 2000’s content platform Sneaker Force to bring out the first collection dedicated to a tourist region: The Black Forest region of Germany. The idea of a limited edition was initiated jointly by Sport 2000 and the tourism marketing agency Saint Elmo’s Tourism and its client ...
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News briefsJD Sports hits landmark number of stores
JD Sports has opened its 400th store in the UK, with a new location at Kingsway Retail Park, Derby. In Feb. of this year, JD Sports Fashion revealed plans to grow its revenues and margins by double digits over the next five years, including a rapid store expansion, under a ...
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News briefsQuiksilver GM resigns
Quiksilver’s Global GM Brad Blankinship has resigned his position and will exit the Boardriders Group next Friday. Blankinship has held the role since Nov. 2021, having previously led RVCA for two years. In a LinkedIn post, Blankinship writes: “I was fortunate to work with some amazing people at Quiksilver and ...
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News briefsMore details emerge of Footway Group’s financial difficulties
Swedish online fashion trade magazine Habit is reporting new district court documents which reveal the extent of Footway Group’s debt problems. According to the publication, updated figures suggest that inventories have fallen to SEK 437 million and documents from the district court show that Footway is unable to pay its ...
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News briefsLululemon urged to decarbonize its supply chain
EcoAthletes, an advocacy organization representing 129 professional athletes, has signed an open letter to Lululemon asking the Canadian activewear retailer to phase out fossil fuels and commit to 100 percent wind and solar in its supply chain by 2030. According to EcoAthletes, in a letter which has been delivered to ...
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News briefsMizuno’s new running shoe features eco-friendly details
Japanese brand Mizuno is launching the new black edition of its sustainable Wave Neo collection. The Wave Neo running shoes use environmentally friendly materials such as recycled polyester and plant-derived materials. The new black color model also features Dope Dyed knit upper materials that use less water, reducing environmental impact ...
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News briefsUK government unveils updated plans to minimize waste in textiles and other key sectors
The U.K. government has released a policy paper entitled “Maximising Resources, Minimising Waste,” which summarizes the actions it will undertake to maximize resources and minimize waste across a series of key sectors, including the textile industry. Through its Net Zero Strategy, the U.K. government is committed to the near elimination ...
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News briefsLatest 3D-printed performance shoe unveiled
Asics has once again partnered with 3D printing company LuxCreo to launch the second generation of its Actibreeze Hybrid Sandal. The performance sandal is designed for runners during rest and recovery periods and is the third footwear product from the successful partnership between LuxCreo and Asics. The ...
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News briefsElection results for Canada Goose’s Board of Directors
Canada Goose Holdings Inc. has announced the voting results from its annual meeting of shareholders, held on Aug. 4, 2023. The Board of Directors now comprises (in alphabetical order): Michael D. Armstrong, Joshua Bekenstein, Jodi Butts, Maureen Chiquet, Ryan Cotton, John Davison, Stephen Gunn, Dani Reiss, and Belinda Wong. All ...
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News briefsThe Athlete’s Foot launches new CSR program
The Athlete’s Foot has announced the establishment of its new community engagement initiative in EMEA: the Impact Council. The Council will serve as a collaborative space to foster ideas, identify new avenues for community betterment, and provide a rotating “seat” representing initiatives chosen or highlighted by the Council every half-year. ...
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News briefsIndia’s leading fitness brand signs Bollywood superstar
Source: PRNewsfoto/Cult.fit Cult.fit onboards actor Ranveer Singh as brand ambassador Cult.fit, India’s leading health and fitness brand founded in 2016 by Mukesh Bansal and Ankit Nagori, announced Indian actor-superstar Ranveer Singh as its new brand ambassador, taking on the role of Cult.fit’s “Motivator in Chief.” The association ...
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News briefsLululemon creates “Mental Wellbeing Global Advisory Board”
Lululemon Athletica has announced the creation of a Mental Wellbeing Global Advisory Board, which is meant “to help the company develop best practices and influence a global conversation to improve mental wellbeing outcomes for both employees and communities around the world,” the company explained in a statement. The new advisory ...
