All News briefs articles – Page 308
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News briefs
Yue Yuen turned around in Q1
Yue Yuen Industrial says it estimates that it made a net profit of between $80 million and $90 million in the first quarter, against last year’s pandemic-triggered loss of $56 million for the period. The world’s largest shoe producer says it has enhanced the utilization and efficiency of its manufacturing ...
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News briefs
Adidas’ basketball hub may move to Los Angeles
Adidas has decided to move its basketball operations in the U.S. from its North American campus in Portland, Oregon, to Los Angeles, according to Business Insider. The move would follow the brand’s appointment in December of Jerry Lorenzo, founder of the Fear of God brand of streetwear, as the person ...
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News briefs
Kinetyx gets funding for its “kinesomic sensory insole”
Kinetyx’ director, Robin Thurston, believes that every shoe in the world will be fitted with sensors twenty years from now. The Canadian high-tech company, which was spun off by its parent, Orpyx Medical Technologies, nearly one year ago, has secured new funding for its continued R&D on a “kinesomic sensory ...
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News briefs
VF divests its occupational workwear operations
Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The group is ...
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News briefsThe Swiss sports market was stable in 2020, and it continued to grow online more recently
According to GfK, the Swiss sporting goods market ended up being flat in 2020, in spite of Covid-19, thanks to a sales rally in the last two months of the year. There was, however, a significant gap between the different sectors: the overall winners in 2020 were fitness, outdoor, running, ...
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News briefs
Maersk sees tight maritime freight conditions until Q4
The world’s largest container shipping company, Maersk, expects tight market conditions in maritime transport to continue until the fourth quarter of 2021. Container shipments by boat are estimated to represent more than 80 percent of intercontinental trade. Maersk pointed out that global demand for container shipments is now expected to ...
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News briefs
American actor invests in Power Plate, playing as ambassador
Mark Wahlberg has become a shareholder of Performance Health Systems, the parent company of Power Plate, and an ambassador and consultant for the vibration training brand. The American 49-year-old actor, who has been using Power Plate for 15 years to stay slim, has already invested in other fitness-related operations including ...
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News briefs
Zalando expands its loyalty program with early access
Zalando is adding what it calls “assortment-related benefits” to its loyalty program, Zalando Plus. The first is Plus Early Access, which, as the name suggests, provides program members – initially in Germany – with early access to new products. And the first product being offered under the new scheme is ...
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News briefs
BSI tells the German government that sport can help defeat Covid
The German Sporting Goods Industry Association (BSI) has called on the German federal government in an open letter to recognize the relevance of sport as an “effective corona (virus) prevention” and to use “sport as part of the solution for coping with pandemics.” Sport is important for physical and mental ...
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News briefs
Puma teams up with Neymar Jr. and Fortnite
Puma has teamed up with Neymar Jr. and Fortnite to launch the Neymar Jr. x Puma Crazy Playground and Creative Hub and The Neymar Jr. Cup. This week, Neymar Jr. will become the first athlete to join Fortnite’s Icon Series as part of the current Season 6 “Primal” Battle Pass. ...
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News briefs
Afterplay establishes e-tail platform for installment payments
The payment processor Afterpay is launching an online platform, called Dropshop by Afterpay, that offers interest-free installment payment plans for exclusive or early access to certain products. For instance, working in partnership with The Finish Line, the U.S. sporting goods retailer recently acquired by JD Sports Fashion, the platform will ...
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News briefs
Austria’s Bründl Sports is certified climate-neutral
As one of the first sports retailers in Austria, Bründl Sports has just received a certificate as “Climate Neutral Company” from Fokus Zukunft, a sustainability consultancy that has worked with the Austrian retailer to define a bundle of initiatives based on the three pillars of ecology, economy and social responsibility. ...
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News briefs
JD Sports to sell its seconds to a reseller
JD Sports will be selling its seconds – returned and flawed sneakers and apparel – to a British company called Sole Responsibility. Established in 2014 and still run, with some help, by the co-founding husband and wife, Sole Responsibility buys “products that would have been disposed of” and sells them ...
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News briefs
Sequential sells Heelys for $11m
The Sequential Brands Group, which is under strong pressure to pay back its debts, said it has sold the Heelys brand of wheeled shoes to BBC International, a U.S. company specializing in children’s footwear that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. ...
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News briefs
Gola partners with Global Brands on apparel collection
Gola and the European division of the Global Brands Group have announced a multi-year partnership to launch a new Gola-branded apparel collection. The line will initially include T-shirts, sweatshirts, jackets and tracksuits, which will later be complemented by kids’ apparel, accessories, socks, sleepwear and underwear. The new apparel collection will ...
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News briefs
Decathlon introduces a wooden stationary bicycle, for sustainability and design
Decathlon France is launching the Domyos Woodbike, an exercycle built around a frame made from French beech wood. The unconventional stationary bicycle is meant to combine sustainability, technical features and design, as its wooden structure easily blends in with any interior. The solid beech in the Domyos Woodbike comes from ...
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News briefs
Horst Widmann of Puma and FESI has died
Horst Widmann, a former top executive of Adidas and Puma and a former president of the Federation of the European Sporting goods Industry (FESI), has passed away. He was 80 years old. The highly diplomatic and kind-hearted executive was elected to lead FESI in 2004 and served multiple terms adding ...
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News briefs
Simone Biles leaves Nike for Athleta
Simone Biles is ending her partnership with Nike to team up with Athleta, Gap’s brand of sports clothing for athletic women. The duration and financial terms of the agreement have not been disclosed. The five-time U.S. Olympic gold medalist signed with Nike in 2016, after turning professional. Gap will work ...
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News briefs
Kanye West’s original Yeezys set auction record
The results are in for the sneaker auction by Sotheby’s that we previewed earlier in April. The pair of Nike Air Yeezy 1s fetched a record price of $1.8 million. This is about triple the record price of $615,000 previously offered for a pair of Nike Air Jordan 1s that ...
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News briefs
New Balance introduces the eco-friendly Vision Racer ReWorked
New Balance has launched the Vision Racer ReWorked, the latest release of the New Balance Jaden Smith Vision Racer collection, in partnership with the American actor and activist Jaden Smith. The new Vision Racer ReWorked is made with a mix of recycled materials. The upper and the tongue contain 74 ...
