All News briefs articles – Page 272
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News briefs
Sidas focuses on its own brands for all the seasons, drops X Socks
X-Technology Swiss is taking over the distribution of its X Socks line of sports socks in France, starting next April, after working for 20 years through Sidas. The latter company has decided to concentrate on its own brands: Podiatech, Sidas, the Sidas Academy, Therm-ic and Shoo IQ. Sidas has already ...
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News briefs
Amer plans to upgrade its distribution center in Utah
Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...
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News briefs
JD diversifies into beauty products
JD Sports Fashion has acquired an unspecified stake in Hairburst, an international U.K.-based e-tailer for vitamins for hair growth, shampoos, conditioners and other cosmetics, according to The Times of London. According to the newspaper, JD will assist Hairburst’s management in the acquisition of other beauty brands. It quoted Peter Cowgill, ...
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News briefsOutDoor by ISPO Global Summit Edition 2021 is cancelled
The European Outdoor Group (EOG) and the ISPO Group have announced this evening (Sept. 27) that the OutDoor by ISPO: Global Summit Edition will not take place as planned on Oct. 5-7. A letter from the president of the EOG, Mark Held, was just received minutes before our daily Outdoor ...
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News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
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News briefs
Slinger is set to acquire an analytics app builder
Slinger Bag, which has renamed itself as Slinger, has entered into an agreement to acquire 100 percent of the issued and outstanding shares of Gameface.AI – in exchange for 6,666,667 shares of Slinger’s common stock and up to another $3.5 million in common stock in contingent (earnout) considerations. The deal ...
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News briefs
Asos enters the e-sports arena through Fnatic
Asos has signed a three-year deal with Fnatic, an e-sports brand with 30 million users, many of them members of Gen Z. As Asos’ chief growth officer, Robert Birge, explains, “gaming and fashion are both passions for young adults,” and “Gen Z-ers increasingly express their style in both the physical ...
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News briefs
FESI announces a “StrongHER” sports campaign for girls
At opening ceremony in Bled, Slovenia of the annual European Week of Sport, which is being held all over Europe on Sept. 23-30, the Federation of the European Sporting Goods Industry (FESI) pledged its support for HealthyLifestyle4all (HL4A), a new initiative of the European Commission. Specifically, it will be launching ...
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News briefs
Eastpak returns to North America
Eastpak’s iconic daypack has been and still is a hot item in Europe, thanks notably to the efforts of a dynamic French-based distributor, Kostia Belkin, in the 1990s. It also enjoys a strong popularity in Asia, which was the first export market for the brand. Founded in Boston in 1952 ...
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News briefs
Sport 2000's summer business rose by 11% in Austria
Sport 2000 Austria reports a sales increase of about 11 percent for its affiliated retailers between May and August, compared with the previous year. The growth is mainly attributed to the addition of new members and the ongoing demand by Austrians as well as foreign tourists for high-quality bike, outdoor ...
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News briefs
Schöffel enlarges its executive board
Schöffel is restructuring its top management as it divides its business into two segments – Schöffel Sport for its operations in the outdoor, ski and bike sectors; and Schöffel Professional for the development of clothing for corporate and institutional clients. Stefan Merkt, who has been charge of sales for the ...
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News briefs
J.Lindeberg sees light at the end of the tunnel
J.Lindeberg has indicated that it anticipates a financial turnaround in 2021, after posting losses of more than 90 million Swedish kronor (€8.9m-$10.4m) in 2019 and SEK 20 million (€1.9m-$2.3m) in 2020. Sales are expected to grow by SEK 50 million (€4.9m-$5.8m) as compared to last year, driven by an increase ...
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News briefs
Under Armour in talks with a new Russian franchisee
Under Armour confirms a report that it is in negotiations with a new potential franchise partner to develop its Brand House retail format in Russia. The first stores may be opened in Russian shopping centers in the autumn of 2022, according to local sources. The new franchisee would take over ...
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News briefs
Decathlon opens corners in Silpo supermarkets in Ukraine
Decathlon continues to work with other retailers in various countries, including the Ukraine. The leading international sports retailer has opened 20 corners in Silpo supermarkets in Kiev and nine other big Ukrainian cities, including some in which it already has its own stores. Currently, the product range is limited to ...
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News briefs
Mirror’s founder and CEO is resigning
CNBC has obtained a copy of a memorandum from Lululemon’s management informing its employees that Brynn Putnam is resigning as CEO of Mirror, the U.S.-based producer of connected wall-mounted screens for workout streaming that Lululemon acquired in June 2020 for $500 million. The memo was signed by Putnam herself and ...
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News briefsPatagonia supports global climate strike on Sept. 24
This Friday, Sept. 24, youth activists and engaged citizens worldwide will strike to demand climate justice. Patagonia is supporting the protest to put pressure on world leaders and ensure that attention is paid to the people who are already experiencing the worst effects of the climate crisis first-hand. The U.S.-based ...
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News briefs
WFSGI boosts the representation of the bike and manufacturing sectors on its board
The World Federation of the Sporting Goods Industry (WFSGI), which held its World Cycling Forum in Munich in connection with the IAA Mobility show earlier this month, has announced the election of two prominent new board members from the bicycle industry and of a new representive of Apache Footwear on ...
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News briefs
New Balance faces new complaint over its made in USA label
A consumer advocacy organization, truthinadvertising.org, has filed a complaint with the U.S. Federal Trade Commission (FTC), asking it to investigate the validity of New Balance’s “made in USA” label, which it uses in at least a dozen models of footwear. According to the complaint, NB claims “a domestic value of ...
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News briefs
Sugi is licensing Sergio Tacchini footwear for Europe
Sergio Tacchini Europe has signed a long-term licensing deal with Sugi International for the development, production and distribution of a new line of Sergio Tacchini footwear that will “significantly upgrade the quality and breadth” of the line, while expanding its distribution. The deal covers many countries in Europe, including Russia, ...
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News briefs
Celebrities invest in Hydrow prior to a possible IPO
Following a business model that is becoming more common in the industry, various celebrities participated in a new funding round for Hydrow, the connected rowing equipment brand. Indicating that its sales jumped by 500 percent in the past year, the company also announced the appointment of a chief commerciale officer, ...
