All News briefs articles – Page 246
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News briefsZalando reaches targets but publishes disappointing guidance
Zalando posted better-than-expected sales in 2021 but released a disappointed guidance for 2022, which prompted the company’s share price to drop nearly 10 percent on the day. In the full year ended Dec. 31, the German online fashion retailer posted a 29.7 percent increase in revenues to €10.35 billion, compared ...
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News briefsNike temporarily halts e-commerce in Russia
As reported by the Portland Business Journal, Nike has temporarily halted sales through its Russian website and app, stating that the company “cannot guarantee delivery of goods to customers in Russia.” The news came after major logistics companies such as UPS and FedEx announced they would temporarily suspend their services ...
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News briefsAsics to get a new CEO in late March
If the ordinary general meeting of March 25 approves, Yasuhito Hirota will be taking charge of Asics as CEO on March 29. He will be retaining his other titles – president, chief operating officer and representative director – and replacing Motoi Oyama, who is nearing his 11th year in the ...
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News briefsKYX World secures seed funding
L.A.-based sneaker subscription platform KYX World, founded last year, has received a second seed funding of $3 million led by SeventySix Capital, valuing the company at $16 million. The company’s backers include Rachel Zoe Ventures and Crush Ventures, as well as several celebrities and professional athletes, including NBA All-Star DeMar ...
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News briefs
German retail supply bottlenecks worsen in February
According to a survey by the research institute Ifo, supply problems in German retail have worsened again in February. In February, 76.3 percent of overall retailers said they did not receive all the goods they ordered. A month earlier, the figure was 57.1 percent. Among retailers selling clothing, 52.6 percent ...
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News briefs
FIFA and UEFA suspend Russian clubs and national teams from all competitions
FIFA and UEFA have jointly decided that all Russian teams, whether national or club, will be suspended from participation in FIFA and UEFA competitions until further notice. These decisions were taken on Feb. 28 by the Bureau of the FIFA Council and the Executive Committee of UEFA, the highest decision-making ...
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News briefsPuma and Modibodi launch range of menstrual underwear for women
Puma and the Australian leak-proof apparel specialist Modibodi have teamed up to launch a range of leak-proof menstrual underwear and activewear designed to help women stay comfortable and active during their periods. Aside from the belief that menstruation shouldn’t keep women from exercising, it’s also in the partners’ best interest ...
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News briefsAnta Sports and Hyatt plan to open first Fila-branded hotel
Anta Sports Products and Hyatt Hotels Corp. have announced plans to open the first Fila-branded hotel in Shanghai, China. The Fila House Shanghai will be part of the JdV by Hyatt brand and the first Fila branded hotel in the world. According to Hyatt, the JdV by Hyatt brand comprises ...
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News briefsAviron raises $18.5 million and hires COO
Toronto-based connected fitness company Aviron announced $18.5 million in Series A funding led by Chris Carey and Stripes, also an investor in the running brand On. Additional investment comes from Global Founders Capital, Formic Ventures and 24-Hour Fitness founder Mark Mastrov. Aviron is the developer of a gaming-led, smart rowing ...
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News briefsPangaia commits to reach net zero operations by 2040
Pangaia, a London-based materials science company, has released its official commitment to its carbon reduction goals and its progress in adopting an earth-positive business model. The announcement was shared together with a short film that illustrates Pangaia’s ethos of “high-tech naturalism.” Pangaia is positioned as a ”Nature-As-A-Solution” (NAAS) company, with ...
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News briefsBjörn Borg reports successful Q4, ends year with strong momentum
From Oct. 1 to Dec. 31, 2021, the Swedish, Solna-based Björn Borg Group’s net sales amounted to 180.6 million Swedish kronor (€16.9m), an increase of 12.6 percent. Net sales of company-owned e-commerce and e-tailer businesses amounted to SEK 63 million (€5.9m) in the fourth quarter, an increase of 9.6 percent. ...
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News briefsAdidas and Gucci unveil ready-to-wear collab collection
Accompanied by considerable media echo, Gucci unveiled its Adidas x Gucci ready-to-wear collection, which had been long-rumored. The eclectic blend of classic tailoring and active sports showed the German brand’s trademark stripes on suits as well as feminine knitwear and the trefoil joining the Gucci logo on baseball caps. Even ...
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News briefs
IOC calls for relocation or cancellation of sporting events currently scheduled in Russia or Belarus
The executive board of the International Olympic Committee (IOC) has repeatedly reiterated that the IOC strongly condemns and supports the breach of the Olympic Truce by the Russian and Belarusian governments. The relevant UN resolution was adopted by the UN General Assembly on Dec. 2, 2021 by consensus of all ...
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News briefsSNKRS may have a new boss
According to a leaked internal memo picked up by several media outlets, Lucy Rouse is to head Nike’s SNKRS business, the app through which the company’s most limited-edition and coveted newest products are sold, as VP/GM NBHD (Nike’s high-level boutique partners), SNKRS Launch and S23NYC, starting in April. Rouse would ...
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News briefsElevate Outdoor Collective hires global creative director
Elevate Outdoor Collective, formerly K2-MDV Holdings, has hired Peter Stolz as global vice president design/creative director. Stolz joins the Seattle-based group after spending the past three years at Converse as global senior creative director for men’s and women’s apparel and accessories and, before that, more than three years as deputy ...
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News briefsABG to co-own and manage David Beckham’s brands
Authentic Brands Group (ABG) has entered into a partnership with David Beckham to co-own and manage his brands and businesses, which include endorsements with Adidas, Tudor, Maserati, EA Sports, Sands and Diageo. In keeping with the deal’s terms, Beckham has become a shareholder in ABG, while ABG has become the ...
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News briefsFrasers acquires troubled online retailer Studio Retail
Frasers Group, the parent company of Sports Direct, announced today it has acquired Studio Retail Limited and certain other assets of Studio Retail Group plc. The British online retailer Studio Retail Group had filed for administration earlier this month for itself and its wholly-owned subsidiary Studio Retail Limited after failing ...
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News briefs
WSL expands partnership with Rip Curl
The World Surf League (WSL) and Rip Curl announced an extended partnership, with the Australian surf brand coming on board as the presenting partner of the MEO Pro Portugal, the third stop on the 2022 Championship Tour (CT), along with the Boost Mobile Gold Coast Pro and the Sydney Surf ...
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News briefsTherabody plans to expand brick-and-mortar presence
Therabody, the digitally native specialist in wellness technology, has announced plans to open six new standalone retail locations across the U.S. in 2022. Three opened in January, including White Plains in New York state, Caesars in Las Vegas, and Santa Monica, California. Three more are expected to open soon in ...
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News briefsSuperfeet with new management hires
Source: Superfeet Cambria Schmidt Washington-based insole manufacturer Superfeet has announced a series of promotions and a new hire. In addition to hiring a new chief financial officer, Cambria Schmidt, five employees were promoted to VP level: Matt Gooch is now VP Product & Innovation, Frits Kuper VP ...
