All News briefs articles – Page 305
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News briefsClarus raises full-year guidance after Q1 sales jump
Clarus Corp, the parent company of Black Diamond, Pieps and Sierra Bullets, raised its sales and profit guidance for the full year after posting revenues of $75.3 million in the first quarter, up by 41 percent on a reported basis and 39 percent higher in constant currencies. Excluding Barnes Bullets, ...
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News briefs
Shankland to stay with Adidas until 2027
Adidas’ executive board has extended the appointment of Martin Shankland as a member of the company’s executive board, responsible for global operations, for an additional five years, making his contract run until 2027. He has been an executive board member since 2019, playing a key role in the areas of ...
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News briefsPuma has a new marketing head for Europe
Puma has made Benoît Menard its regional marketing manager for Europe. He will be working out of the Puma group’s headquarters in the Bavarian town of Herzogenaurach. Menard has been with the company since 2018, having previously spent five years with Adidas and another five with a French TV channel, ...
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News briefs
Sweden’s Stronger has a new owner
Stronger, a Swedish brand of women’s sports apparel, is now under the control of the Danish-Swedish venture capital firm Polaris, a specialist in Nordic mid-caps, which has won a bidding war to acquire a 51 percent stake in the company. The sales price has not been disclosed, but an anonymous ...
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News briefsAllbirds helps Adidas to develop its most climate-friendly running shoe
Working in remote mode in collaboration with Allbirds for 12 months, Adidas has developed its most sustainable performance running shoe. The first 100 pairs of the co-branded model, whose prototype is called Futurecraft Footprint, is being raffled off to members of Adidas’ Creators Club at the end of May. A ...
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News briefs
Rapala VMC completes a share buy-back
Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, for a maximum outlay of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the ...
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News briefs
S&P upgrades Under Armour’s outlook
The outlook for Under Armour has been changed by Standard & Poor’s from negative to stable based on the company’s improved financial metrics, while its issuer credit rating has been kept at BB. S&P expects UA’s debt/Ebitda ratio to decline from 2.7 times in 2020 to below 2.0 times by ...
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News briefs
Amazon issues a maiden $1bn green bond
Amazon raised $1 billion with the issuance of its first sustainability bond on May 10. The company says the proceeds will be used to invest in renewable energy, clean transport, sustainable buildings, affordable housing, and socioeconomic advancement and empowerment. The U.S.-based e-commerce giant has pledged to be carbon-free, on a ...
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News briefs
JD buys a small meanswear retailer
JD Sports Fashion has acquired Oi Polloi, an upscale casual menswear store in Manchester, and its online shop. Founded in 2002, the retailer offers clothing under its own label as well as brands such as Adidas, Reebok, Converse, Keen, Patagonia, Barbour, Ralph Lauren, Superga, Levi’s, Stone Island and Armor Lux. ...
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News briefs
No change planned in JD’s top management
In response to our inquiry, a spokesman for JD Sports Fashion denied a report in The Sunday Times that Peter Cowgill, the company’s dynamic executive chairman and CEO, was planning to step down from its day-to-day functions, hiring a CEO to help manage the group’s growing range of operations. He ...
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News briefs
Macron partners with Go-all to promote sport in early childhood in Italy
Macron has announced a new partnership with Go-all Asilo del Calcio to encourage sports activities in early childhood. Go-all Asilo del Calcio is an Italian network of franchised “Baby Soccer Schools,” as the organization defines them on its Facebook page, for children aged 2-5. Macron will support the development of ...
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News briefs
Cole Haan launches its first tennis shoe
Cole Haan is releasing the Zerogrand Winner, its first sneaker designed specifically for the game of tennis. It is the third sport performance offering for the American lifestyle brand, which previously belonged to the Nike group. Cole Haan stepped into performance last year with a runnning shoe, followed by its ...
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News briefs
StockX opens an authentication center in Australia
StockX, the American online marketplace for sneakers, opened on May 5 an authentication center in Melbourne. It is the company’s first center covering Australia and New Zealand. StockX currently has 11 authentication centers and drop-off locations in addition to its offices in Detroit, London and Tokyo. Australians have been able ...
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News briefs
Sports Direct voted “worst” sports shop in Britain by customers
Sports Direct has been ranked as the U.K.’s worst sports shop, according to a survey conducted by a consumer specialist agency, Which? The poll asked 10,909 members of Which? and the general public in November about their most recent experiences of purchasing outdoor and sporting equipment at 29 of Britain’s ...
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News briefs
Influential German retail manager passes away
Hugo Laumann, a German manager dedicated to the promotion of traditional small and medium-sized independent sporting goods retailers, passed away on April 30 at the age of 92. As its general manager, he helped build up the German sporting goods retailers’ association, VDS, into an organization whose strong voice was ...
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News briefs
Vans co-founder passes away
Paul Van Doren, a co-founder of Vans, has passed away on May 6 at the age of 90, shortly after the publication of his biography, titled “Authentic.” He started as a service boy at a rubber factory at the age of 16. He acquired his independence in 1966 when he ...
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News briefsBike boom pushes Q1 sales at Dorel
Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second quarter ...
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News briefs
VF is splitting up Icebreaker
Four years after acquiring the brand of merino-wool apparel based in New Zealand, VF Corp. has decided that it will be splitting Icebreaker into three entities, according to reports in the NZ Herald. Two of these entities will be operating out of the present headquarters, in the city of Ponsonby, ...
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News briefs
Salomon unveils details of its restructuring plan
Salomon’s management presented details of its restructuring plan to the company’s Social and Economic Committee (CSE) on May 3. The plan envisages cutting 82 jobs out of 738 at the company’s head office in Annecy, in France’s southeast. The cuts are mostly due to the closing of ski resorts in ...
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News briefs
Superdry resumes revenue growth
Superdry saw revenues inch up by 0.8 percent to £118.4 million (€136.2m-$164.2m) in the fourth quarter ended April 24, after being severely hit by Covid-19 pandemic restrictions and lockdowns earlier in the financial year. “The early signs following the reopening of our UK stores are encouraging, as lockdown restrictions start ...
