All News briefs articles – Page 212
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News briefsAllbirds announces appointment of Nike veteran to its board of directors
While the company is reportedly considering divesting its activewear inventory at a loss in the double-digit millions of dollars to simplify its strategy following recent layoffs and a stock decline, San Francisco-based global lifestyle brand Allbirds Inc. announced the appointment of Ann Freeman to the company’s board of directors, effective ...
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News briefs1% for the Planet publishes 2021 annual report, grows in members and donations
In its 2021 annual report, 1% for the Planet looks back at the environmental projects carried out worldwide and provides insight into its financial situation. In 2021, the network saw growth in members, certified donations and supported nonprofits. Specifically, the organization reported a 25 percent increase in corporate members, resulting ...
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News briefsHanesbrands’ ransomware attack cost $100 million in sales
Hanesbrands’ ability to order materials, make and ship orders, and process payments was negatively impacted during its second quarter due to a ransomware attack on the company’s information technology systems that was identified on May 24. The company was unable to fill customer orders for about three weeks. The Champion ...
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News briefsMore job cuts coming to Peloton Interactive
Peloton Interactive, slated to report fourth-quarter results on Aug. 25, will reportedly slash its customer support team based in Plano, Texas and Tempe, Arizona in half, eliminating nearly 800 positions, and outsource its “final-mile delivery” to third-party providers. The action, as first reported late last week by Bloomberg and the ...
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News briefsFrasers Group sells ‘some’ retail parks for £205m
Frasers Group said it has completed the sale of some retail parks for £205 million (€242m). The company, which owns the Sports Direct and House of Fraser chains, said the disposal included a number of freehold and long leasehold retail parks held by its wholly-owned subsidiaries to RI UK 1 ...
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News briefsJD Sports’ new chairman buys £400,000 in shares
Andrew Higginson, JD Sports’ new chairman, has reportedly purchased nearly £400,000 (€471,700) worth of shares in the retailer. Higginson joined JD Sports in late July following the departure of Peter Cowgill, who had served as the retailer’s CEO and executive chair since 2004.
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News briefsUvex Sports signs distribution agreement with Horse Pilot in France
During the international equestrian trade show Spoga Horse in Cologne, the German company Uvex Sports (headquartered in Fürth), and the French equestrian apparel brand Horse Pilot, based in Cysoing, signed a distribution agreement for Uvex equestrian equipment for the French market. As of September 2022, the Horse Pilot sales force ...
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News briefsFirst Decathlon City to open in Canada this summer
Decathlon is opening its first-ever Decathlon City in Canada. It will be located in Toronto’s Union Station at 65 Front Street W. The opening is scheduled for August, based on the company’s website, although a specific date is yet to be communicated. Decathlon City at Union Station will give customers ...
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News briefsWellness takes center stage at Galeries Lafayette in Paris
Galeries Lafayette has revealed a new 3,000-square-meter “Wellness Galerie” at its flagship location in Paris’ boulevard Haussmann. The new feature, which will become fully operational in early September, is set to occupy the entire minus-one floor of the building. The offering at the Wellness Galerie revolves around the three core ...
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News briefsNew FIFA-backed Africa Super League expected to transform football on the continent
Plans have been unveiled to create the Africa Super League, a new 24-team club tournament set to begin in 2023/24. In an interview with the BBC, the president of the Confederation of African Football (CAF), Patrice Motsepe, said that the new league would transform football on the continent forever. The ...
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News briefsIncome soars at Planet Fitness
Net income at Planet Fitness was up by 67 percent for the second quarter of this year and by 105 percent for the half, reaching €25.1 million and $43.4 million, respectively. The U.S. gym franchisor and operator’s revenues for the quarter and half amounted to $224.4 million (up by 63.5%) ...
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News briefsYouGov analysis sees E-sports being an industry dominated by young, male consumers
YouGov has conducted a new study on the German E-sports market. The global market research company puts one of its main focuses on the E-sports business since it entered an exclusive research and data analysis partnership with the gaming business media outlet Business of Esports last year. The new study ...
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News briefsRevenues down at The Beachbody Company
The Beachbody Company posted total revenues of $179.1 million for the second quarter, down by 20 percent year-on-year and 3 percent from pre-lockdown 2019. The Southern California digital fitness and nutrition company saw digital revenues of $78.0 million, up 17 percent, for the period. On the plus side, digital subscriptions ...
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News briefsFormula One revenues up by almost 50% for Q2
Revenues for this year’s second quarter were up by 49 percent year-on-year at Formula One Group. The subsidiary of Liberty Media pulled in $744 million, most of it derived as usual from media rights, sponsorships and promotion of the seven races run during the period. Operating income for the quarter ...
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News briefsDescente increases stake in Ningbo Le Coq Sportif
Japanese sportswear and accessories company Descente Ltd. announced in a notice to shareholders that it has increased its stake in Le Coq Sportif (Ningbo) Co. Ltd. (NLCS). NLCS was established by Sugiei and Itochu Textile (China) Co., Ltd. (ITS), a subsidiary of Itochu Corporation, in 2004 to expand the brand’s ...
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News briefsNautilus appoints new board chair
Source: Nautilus, Inc Anne Saunders Anne Saunders, a longtime board member at Nautilus, was appointed company chair last week to replace the retiring M. Carl Johnson, III, who has held the position since 2011. Saunders had previous senior executive positions with global florist FTD, Starbucks and NakedWines.com.
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News briefsWho watched the women's Tour de France?
Viewership in France for the 2022 Tour de France Femmes avec Zwift peaked with 5.1 million, namely a 45.6 percent audience share, tuning into France Télévisions during the final stage on July 31. The race attracted an average audience during its eight stages on France 2 and France 3 (part ...
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News briefsLi-Ning opens store featuring fast conveyer belt system
Beijing-based sportswear brand Li-Ning has opened its first ”urban custom store,” as the company has called it. Officially opened on Aug. 4, the store is located on the second floor of the Juntai shopping complex, within Beijing’s Xidan shopping area. The store is the brand’s first to feature an “intelligent ...
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News briefsNike launches maternity training program globally
Nike is introducing a global maternity training program to encourage more pregnant and postpartum women back into sport, dubbed Nike (M)ove Like a Mother. The training program includes cardio, strength training, mobility and yoga throughout every stage of pregnancy. The core of the program is a 24-workout prenatal and postpartum ...
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News briefsUnited Sports Brands chooses Nogin to optimize e-commerce performance
California-based United Sports Brands (USB) has agreed to a multi-brand Commerce-as-a-Service (CaaS) deal with Nogin, also based in California. CaaS is a cloud-based approach that allows brands and merchants to handle e-commerce while avoiding having to purchase, implement and manage the underlying infrastructure. As part of a three-year agreement, USB ...
