All News briefs articles – Page 364
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News briefs
Good ratings for Adidas
The Adidas Group got strong investment-grade ratings from Standard & Poors and Moody’s – A+ and A2, respectively – with a stable outlook, making it one of the top-rated companies in the sporting goods industry. The two agencies praised the Big a for its diversification in terms of geographies, products ...
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News briefsMesse München is looking for new events in times of the pandemic
When the trade show business was discontinued in March, Messe München’s Locations division began to look for new events and opportunities. One of these new events, in this case for end customers, is a new drive-in cinema on the northern outdoor exhibition area. Other examples of “alternative use” were the ...
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News briefs
Slinger Bag beats sales projections in multiple markets
Slinger Bag, the brand behind the eponymous combination ball launcher and tennis bag, has exceeded its sales projections in Japan, Scandinavia, Switzerland and the U.K., possibly indicating that tennis afficionados are eager to return to the game. Although it was launched in those markets as recently as late May, at ...
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News briefs
Footway replaces Sportamore’s CEO with an integration specialist
Johan Ryding is leaving as chief executive of Sportamore, the Swedish-based online sports retailer, following the company’s acquisition by another Swedish e-tailer, Footway, in the spring, as part of the integration process. Henrik Martin took over his place as interim CEO on Aug. 12. Described as an integration specialist, Martin ...
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News briefs
Frasers delays financial report, establishes a new commercial division
Frasers Group – formerly Sports Direct International – says it is delaying the presentation of its annual results, as it did last year, because it needs more time to complete the accounts and their audit. The report is now due to be released on Aug. 20 instead of Aug. ...
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News briefs
Burton receives labor and environmental accreditation
The social compliance program at Burton Snowboards has been accredited by the Fair Labor Association (FLA). According to the FLA’s president and chief executive, Sharon Waxman, the American snowboarding and mountaineering company has undergone multiple years of scrutiny and set up suitable systems to detect and remedy unfair labor practices ...
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News briefsPuma appoints Ben Hughes as general manager for UKIB
Source: Puma Ben Hughes Puma has appointed Ben Hughes as general manager for the United Kingdom, Ireland and the Benelux countries (UKIB), with immediate effect. He succeeds Paul Spencer, who moved to the position of regional sales director for Europe at the beginning of July, as previously ...
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News briefs
Carl Sterner sets up Shimano’s new fishing organization for the Nordics
Shimano has appointed Carl Sterner to build and lead a new sales organization for its fishing tackle products in Denmark, Sweden, Finland, and Norway. It will be based in Uppsala, Sweden. Sterner was previously responsible for the hunting and wilderness segment in Sweden at XXL, the big Nordic sporting goods ...
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News briefs
Tennis champion Maria Sharapova Invests in Therabody
Maria Sharapova is investing in a U.S. company, Therabody, formerly called Theragun, which is known for its Theragun percussive massage therapy devices. The former Russian tennis star is also going to be a member of the advisory board of the Los Angeles-based company. Nothing has been reported about the amount ...
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News briefs
Superdry secures £70 million financing facility
Superdry has secured a £70 million (€77.5m-$91.2m) Asset-Backed Lending (ABL) facility that is supposed to help the company get through the coronavirus crisis. The facility is provided by its current lenders, HSBC and BNPP, with terms extended until January 2023, in place of January 2022. Superdry’s revenues were down by ...
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News briefs
Anta is now listed in the Fortune China 500 rankings
Anta Sports has announced that the company has been listed in the 2020 Fortune China 500 rankings. The sportswear firm rose 62 places from the previous year to the 289th spot. It is the only Chinese sportswear brand on the list. In 2019, Anta Sports’ revenues jumped by 40.8 percent ...
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News briefsCurrency headwinds weigh on Helly Hansen’s results
Helly Hansen’s revenues for the second quarter fell by 21.0 percent to 68.9 million Canadian dollars (€44.1m-$52.1m), weighed down by store closures and foreign-currency headwinds. In constant currencies, they were down by 12.6 percent. Most wholesale customers were closed across the globe in the quarter, as were distribution centers and ...
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News briefs
Internetstores seeks to join the circular economy
Internetstores, the Germany bike and outdoor retailer, has hired the consulting firm EPEA, headquartered in the same city of Stuttgart, to overhaul environmental policy for its full value chain. EPEA began a three-month review of operations in June, after which it will draft a comprehensive proposal – with its “Cradle ...
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News briefs
Nike joins Time to Vote
Nike is celebrating the 55th anniversary of the Voting Rights Act by becoming a member of an association called Time to Vote. Passed in 1965 and since amended many times, the Voting Rights Act serves essentially to enforce the Fifteenth Amendment to the U.S. Constitution, which was ratified in 1870 ...
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News briefs
Macron signs six-season kit deal with Sampdoria
Macron will replace Joma as the new kit supplier of Sampdoria, the Italian football club that competes in Serie A. The new six-year contract will debut in the 2020/21 season. The Italian sportswear company, based near Bologna, will supply all the technical products for the team and staff as well ...
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News briefs
Ecco wins long-standing tax dispute
A long-standing dispute between the Danish footwear company Ecco and the Danish Tax Agency has finally been settled. The transfer pricing case was related to the company’s taxable income for 2005. The Danish Western High Court has ruled that Ecco did not break the rules for so-called transfer pricing. In ...
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News briefsJohnson Outdoors’ Diving segment got the hardest hit
Strong Fishing, Watercraft Recreation and Camping sales after the corona-related lockdowns in May and June were not enough to counter the effect of store closures in April. However, the management said that demand has now picked up and the challenge is keeping pace with it, with a focus on ending ...
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News briefs
New Era to make headwear for England Rugby
New Era has signed a four-year deal to produce headwear for England Rugby (RFU). The first line of caps – making its debut on both websites of the brand and the team on Aug. 7 – will display RFU’s red rose emblem and come in the 9FORTY adjustable and 9FIFTY ...
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News briefs
Frasers to open multi-brand store
Frasers Group is reportedly setting up a multi-brand store at Fosse Park in the British city of Leicester. The store will measure 90,000 square feet, with 50,000 devoted mostly to the Flannels banner and the rest mostly to Sports Direct, each having a separate entrance. The store will also sell ...
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News briefs
Nike to lay off 500 at its headquarters
Nike will be laying off 500 or more employees – some executives included – from its headquarters. Among them will be executives and the 192 employees of several company-run nurseries. To this end the company has filed a Worker Adjustment and Retraining Notification Act notice with the state of Oregon. ...
