All News briefs articles – Page 263
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News briefs
Nike raises its quarterly dividend
Despite the current supply chain challenges, Nike’s board of directors has decided to grant a quarterly cash dividend of 30.5 cents per share to its shareholder on Dec. 28, for an increase of 11 percent versus the previous quarterly dividend. Noting that this is the company’s 20th consecutive year of ...
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News briefsOrthoLite launches new sustainable insole technologies
Source: OrthoLite OrthoLite HybridPlus Bio insole Addressing the rising demand for more sustainable insole solutions from its customers, U.S. brand OrthoLite is putting its plans announced earlier this year into action, introducing two new sole technologies that elevate the total eco content of the insoles to 57 ...
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News briefs
Moncler, Gildan and Adidas star in the DJSI
The 2021 edition of the S&P Global Dow Jones Sustainability Index lists Moncler in its Gold Class, Gildan in its Silver Class and Adidas in the Bronze Class. Three other sports companies – Asics, Puma and the Super Retail Group – were listed along with The Gap and companies in ...
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News briefs
Musical chairs between K2 and CCM Hockey
Manuel Streif has left Under Armour after eight years to join K2 Sport Europe as European key account manager and sales manager for K2 skates and Madshus. Prior to working with UA, where he gradually moved up to the position of sales manager for Germany, he served brief stints at ...
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News briefs
Sentryc helps Oeko-Tex to track thousands of piracy cases over the internet
In a move intended to protect its trademark from infringements on the eve of Black Friday and the Christmas shopping season, Oeko-Tex has revealed a partnership with a Berlin-based software firm, Sentryc, whose AI-based cloud solution scans more than 120 international online marketplaces and all the social media for product ...
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News briefs
Peloton offers over $1.1 bn in new shares
With its cash flow turned negative by $522 million at the end of its September quarter, Peloton Interactive has decided to launch a secondary offering for 23.9 million Class A shares priced at $46 each to raise $1,099 million. It is also proposing an over-allotment of $150 million depending on ...
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News briefs
Peloton sues iFIT and Echelon Fitness again
Peloton Interactive is suing iFIT and Echelon Fitness in a federal Delaware court, accusing them of infringing on its four patents for on-demand exercise classes and other features, including two patents inherited through its acquisition of Precor. Peloton sued Echelon in 2019 for patent infringement and for copying its business ...
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News briefs
New U.S. office for Amundsen Sports
Amundsen Sports, the Norwegian technical apparel supplier named after the famous Arctic explorer, has opened a “Clubhouse” on Pearl Street in Boulder, Colorado. The space will serve as the company’s North American head office, with a showroom and an event space to present its products. The brand has been selling ...
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News briefs
Spanish sports show in Cádiz targets a broader audience
A new Spanish Sports and Health Show (Feria del Deporte y la Vida Sana) is scheduled for Nov. 19-21 on the C-IFECA fairgrounds in Cádiz, hosting some 40 exhibitors. The organizers highlight a broadening of the industry’s focus since 1990 from elite athletes and professional clubs to the public at ...
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News briefs
Anta starred in China’s Singles’ Day
Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...
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News briefs
Goldwin improves quarterly results
Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...
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News briefs
While rising strongly in the Americas and Europe, Globeride is flat in Japan
For its second quarter ended Sept. 30, Globeride, the Japanese parent of the Daiwa brand of golf and fishing products, reported a 28 percent increase in net income to 2,621 million yen (€20.1m-$23.8m) on 12 percent higher revenues of ¥31.69 billion (€240m-$288m). Sales were affected by Covid restrictions in Japan, ...
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News briefs
XXL helps a non-profit buy and lend sports equipment
XXL is donating NOK 500,000 (€50,500-$57,400) for the purchase of sports and outdoor equipment – such as alpine skis, sleds and skates – to BUA, a Norwegian non-profit organization that lends such products to the young. So far this year BUA has loaned equipment to twice as many Norwegians (about ...
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News briefsCelebrating its 30th anniversary, Buff supports POW and other organizations
Buff is increasing its financial support for Protect Our Winters (POW) to more than $50,000 per year while launching a new collection that “recognizes the important work and culture” of the non-profit organization, founded in 2007 by the professional snowboarder Jeremy Jones. In addition, the Spanish brand of bandanas, which ...
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News briefs
Romania’s apparel industry is struggling
Some sports clothing has been manufactured in Romania in the past, especially for Italian brands, but it’s not sure whether this is still the case. According to Just Style, Romania’s apparel industry is suffering from problems in both its supply chain and its export market. The flow of raw materials ...
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News briefs
New NPD study shows a drop in China’s sports shoe market
China’s online market for sports footwear declined by one percent to $8.9 billion during the second quarter of 2021, according to a new study by the NPD Group. The drop was due to the poor performance of international brands, which suffered from a consumer boycott launched in March because of ...
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News briefsDecathlon works with a social impact brand in Germany
Decathlon is the first sports retailer in Germany to have entered into a partnership with a local social impact company, called Share , to support and promote “social shopping.” As of mid-November, customers can purchase Share beanies and socks in all Decathlon stores and online. For each item sold, another ...
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News briefs
Inov-8 donating to restore peatlands
Inov-8 will be donating 5 percent of online and in-store sales revenues generated from Nov. 15 to 29 to the Cumbria Wildlife Trust, which will use the funds to restore peatlands in and around the U.K.’s Lake District, where the running, hiking and fitness-gear brand is based. For Peat’s Sake, ...
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News briefs
Macron replaces Adidas as sponsor of a Bulgarian team
Macron, the growing Italian teamwear supplier, has signed a deal to dress up CSKA Sofia, the leading Bulgarian football team, replacing Adidas after the expiration of its contract in May 2022. The club, which has won many championships, was born in 1948 as part of the Bulgarian Army. Separately, Macron ...
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News briefsStephen Proctor, chairman of SMS, has passed away
Stephen Proctor, chairman of Sports Marketing Surveys (SMS) for Europe and the U.S., has passed away. His family has asked to keep his age confidential. The British entrepreneur acquired the business in 1984 and led it for many years, helping to turn into one of the major consultancies in the ...
