All News briefs articles – Page 363
-
News briefs
Storck Bicycle in ownership reshuffle
Markus Storck, Storck Bicycle’s founder and managing director, has sold 25 percent of his shares to Stefan Lohwasser. Meanwhile, Lohwasser has acquired a 25% share in Storck Bicycle from Decathlon. Storck and Lohwasser are now equal partners in the cycling label, which is celebrating its 25th anniversary this year. The ...
-
News briefs
Haywoodgolf’s online store debuts in Europe
Haywoodgolf, an independent online golf equipment retailer based in Canada, has launched a new e-commerce site for customers based in 12 markets across Europe, among which is the U.K. The products on offer will also include the retailer’s own Signature Series range of irons, putters and wedges. Haywoodgolf was set ...
-
News briefs
Cycling boom benefits Giant
The Giant Group posted revenues of $33 billion Taiwan dollars (€1.0bn-$1.1bn) for the first six months of this year, representing a 7.5 percent increase as compared to the first half of 2019. Sales were boosted by increased global demand for bicycles following the coronavirus lockdown period, as many consumers have ...
-
News briefs
Moody’s downgrades Callaway
While Standard & Poor’s has confirmed Callaway Golf Company’s credit rating because of better-than-expected results, Moody’s has lowered its corporate family rating and that of its senior secured loan, to B1-PD, while giving the company a higher probability of default because of the coronavirus pandemic. It feels that Callaway’s operating ...
-
News briefs
Wolverine adopts First Insight's consumer analytics
Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds. The deal follows a successful test conducted by Hush Puppies in different regions ...
-
News briefs
Sequential Brands' losses decline
Sequential Brands, which licenses brands such as And1 and Avia, saw its net loss decline to $2.78 million in the second quarter from $4.59 million in the year-ago period, although its revenues from continuing operations contracted by 14.4 percent to $22.6 million. Adjusted Ebitda improved to $15.1 million from $13.3 ...
-
News briefs
Scientists in Scotland develop new sustainable nylon production method
Researchers from the University of Edinburgh have developed a sustainable way of manufacturing adipic acid, a key component of nylon. The scientists modified the genetic code of the common bacteria E. coli in the laboratory. The modified cells were grown in liquid solutions containing guaiacol, a naturally occurring chemical and ...
-
News briefs
Fanatics’ valuation reportedly rose to $6.2 billion after new funding round
Fanatics, the fast-growing, vertically integrated licensed sportswear company, has reportedly reached a marlket value to $6.2 billion while raising $350 million in a Series E funding round arranged by Goldman Sachs. The round, which was oversubscribed, is expected to be the last private funding for Fanatics before the company files ...
-
News briefs
Yonex sees gains in Europe and North America
Yonex’ revenues went down by 44 percent to 8,200 million yen (€65.0m-$76.3m) in the first fiscal quarter ended on June 30. In Japan, which represented 40 percent of turnover, sales declined by 65 percent from the year ago quarter. However, In North America, they rose by 15 percent to represent ...
-
News briefs
Dunlop sees lower profits and ends with a loss
Sumitomo Rubber Industries reported an operating loss of 2,505 million yen (€19.9m-$23.5m) for its sports segment in the second quarter, compares with a profit of ¥1,945 million for the second quarter of 2019. The revenues of its sports segment, which includes the global operations of Dunlop, Srixon and XXIO, dropped ...
-
News briefs
Macron enters the top flight of Slovenian football
Macron is the new technical sponsor of F.C. Koper. The four-year agreement between the Italian sportswear brand and the Slovenian club will start from the 2020/21 season. F.C. Koper, based in the city of Koper, has won in its history all three domestic trophies: a title of Slovenian champion, three ...
-
News briefs
Nike launches experimental shoe designed for “doing nothing”
Nike is introducing the Offline, a new shoe that has been conceived for moments of relaxation, when people takes time to unplug and disconnect. The Nike Offline features an “anti-sneaker silhouette,” as the brand has described it in its press release. The mule includes two interchangeable sensory drop-in midsoles. Sensation ...
-
News briefs
Iconix’ sales drop by 35%
The Iconix Brands Group, which owns several brands including Umbro and Danskin, faced an impairment charge of $5.2 million for the second quarter due to store closures and other restrictions related to the coronavirus outbreak. The charge led the company to post a net loss of $17.4million, versus net income ...
-
News briefs
E-bike sales in Europe are expected to more than double
Sales of e-bikes in Europe grew by 23 percent in 2019, and exceeded for the first time the milestone of 3 million units sold annually. E-bike sales accounted for 17 percent of total bicycle sales last year. These figures were recently announced by the Confederation of the European Bicycle Industry ...
-
News briefs
New chairman for Adidas
Thomas Rabe, 55, has been appointed as the new chairman of Adidas AG’s supervisory board. He succeeds the 76-year-old Igor Landau after 16 years in that position. Rabe became chief financial officer of Bertelsmann in 2006 and was promoted to chief executive of the global media company six years later. ...
-
News briefs
New president for Wolverine
On Sept. 8, Wolverine Worldwide will have a new president and member of the board, Brendan Hoffmann. He brings over 30 years of experience in merchandising, digital marketing and omni-channel retail experiences. Among various stations, he served as president and chief executive of Bon-Ton Stores and Lord & Taylor. Earlier, ...
-
News briefs
Champion's Nordic office moves to Stockholm
Champion’s head office and showroom for the Nordic countries is moving to the center of Stockholm from its logistics hub at Tyresö. The move follows the appointment a year ago of Klas Ottoson as head of Northern European operations. The former Ralph Lauren executive took the place then of Ralph ...
-
News briefs
Big recovery at Foot Locker
In a preliminary statement that sent its stock price high, Foot Locker revealed a jump of 18 percent in same-store sales during its third quarter ended on Aug. 1. Analysts had forecast a loss for the company, but Foot Locker indicated that it may have even beaten the $60 million ...
-
News briefs
A Foot Locker pioneer, Harold Sells, passed away
Harold Sells, a U.S. executive closely connected with the history of Foot Locker, has died at the age of 92. His career started in 1954 when he opened the first store of Kinney Shoes, a American shoe retail chain that was then bought by Woolworth Corporation, where he helped found ...
-
News briefs
Boardriders sells a U.K. retail chain to its founder
After long discussions, Boardriders has resold selected assets of Two Seasons, a British action sports retailer, to its founder, Stuart Roberts, helped by two investors. Roberts founded Two Seasons in 1982, when he was 19 years old, and sold it to the former Billabong Group in 2007 when it had ...
