All News briefs articles – Page 376
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News briefs
Crocs builds new distribution center in the Netherlands
Crocs will be building a new distribution center in the Netherlands. located in the Dutch city of Dordrecht. It will be the company’s largest European distribution center, covering 35,000 square meters. The project will create 200 to 350 jobs. The distribution center will serve as storage for Crocs’ online store ...
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News briefs
Vietnam gets an advantage over Cambodia
While the government of Cambodia continues to take insufficient action to secure labor rights in the country, Vietnam’s parliament has just ratified a free-trade agreement with the European Union. Only a few steps are still missing before it goes into effect on Aug. 1, making it more likely that European ...
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News briefs
Salomon opens its second Parisian store
Salomon has opened its second store in Paris. The new 220-square-meter store, opened on May 27, is located at 12 boulevard de la Madeleine, on one of Paris’ “grands boulevards.” Besides the brand’s products, the store offers 3D foot scanning and boot fitting services. The first Parisian store, opened two ...
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News briefs
JD’s boss sells some of his shares
JD Sports Fashion was notified on June 5 by its executive chairman, Peter Cowgill, that he had disposed of 1,985,000 shares in the company at an average price of 671.77 pence a share, leaving him with 6,480,260 shares representing 0.67 percent of the issued share capital. He earned £13.3 million ...
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News briefs
Groupe Rossignol sells Time
The Rossignol Group announced an agreement in principle for the disposal at an undisclosed price of Time Sport International, the French producer of bicycle components that it had acquired four years ago as part of its diversification into the bike sector. Major investments made for its modernization have not been ...
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News briefs
More backing for “Black Lives Matter”
Doubling up on its “For once, don’t do it” message one week ago on Twitter to protest the murder on May 25 of George Floyd, Nike announced that it will donate $40 million over the next four years to “organizations focused on social justice, education and addressing racial inequality in ...
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News briefs
Hummel dresses up Norwegian handball players
Hummel has signed a deal to be the official partner and technical supplier of the Norwegian Handball Federation (NHF) from July 1 through Dec. 31, 2023. The agreement covers all official on-court and off-court sports apparel and accessories as well as medical equipment and resin.
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News briefs
Tradeinn on track for another stellar year
Pandemic or not, Tradeinn continues to grow. For the first five months of 2020, the Spanish sports e-tailer exceeded €100 million in sales – more than half of last year’s total of €188 million. Its objective for the whole of 2020 – according to the founder and chief executive, David ...
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News briefs
No Pitti Uomo fair in September
In what its president, Claudio Marenzi, calls a “painful but inevitable” decision, Pitti Immagine is postponing all its physical trade shows in Florence from September of this year to January 2021. This goes also for Pitti Uomo, the big international menswear show, which is also used by some sports brands ...
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News briefs
New Swiss country manager for Fischer
Fischer Sports has appointed Silvan Häfliger as its new country manager for Switzerland, starting on July 15. He will take the place of Walter Dietiker, who is leaving the company for reasons of health. Häfliger previously spent 15 years in the winter sporting goods sector, working for Stöckli Swiss Sports ...
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News briefs
Schöffel diversifies into bikewear
Schöffel, which has been focusing on outdoor and ski clothing, is making its entry into the bicycle clothing sector with a dedicated collection for spring/summer 2021. Comprising 46 items for men and women, and divided into three segments – Gravel, Trail and Travel – it was developed by the German ...
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News briefs
Wolverine performs better than expected
Wolverine Worldwide told analysts at the Baird 2020 Global Consumer, Technology, and Services Conference on June 4 that its sales were better than expected in the first nine weeks of its second quarter, falling by less than 50 percent overall. The impact of the coronavirus-related retail lockdown was partly offset ...
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News briefsNew December dates for Performance Days
Thanks to new Covid-19 regulations in the German state of Bavaria, which allow trade shows to be held again from Sept. 1 if the pandemic continues to develop favorably, the organizers of the Performance Days have announced that the next event (Kickoff Winter 2022/23 and Update Summer 2022) will be ...
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News briefs
Intersport Germany denies corona-related problems
Intersport Germany denies rumors in the German press that it might be facing financial difficulties because of the coronavirus crisis. According to SAZ, some retailers affiliated with the cooperative created new companies outside of Intersport in order to continue receiving supplies from the producers without its financial backing. Declining to ...
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News briefs
Germany’s VAT cut may hit retailers across the border
Germany decided on June 3 to reduce the VAT rate on non-food products to 16 percent from 19 percent, starting from July 1 and through the balance of this year, to give a boost to consumption and the economy. It has also cut the VAT rate for restaurants from 19 ...
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News briefs
Coalision is insolvent
Coalision, the Canadian company that owns the Lolë and Paradox brands, has filed for insolvency, indicating its intention to offer a settlement to its creditors. One year ago, Coalision parted ways with its previous president, Bernard Mariette, and laid off some of its employees. Mariette, a former president of Quiksilver, ...
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News briefs
H&M develops sustainable swimwear and surfwear
After its incursion into the segment of affordable activewear, H&M has developed a new sustainable swimwear and surfwear collection for the first time, In cooperation with the international ”Women + Waves” community of surfers, which organizes professional and affordable surf lessons, weekends and overseas trips for women. The line includes ...
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News briefs
Private foundation to make an offer to acquire Karstadt Sports
According to SAZ, the German trade publication, a private foundation called the Loitz Family has made an offer to acquire Karstadt Sports. Based in Essen, the Loitz Family aims to take charge of Karstadt Sports’ existing 32 stores in Germany, its headquarters in Essen and its 1,500 employees. It is ...
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News briefs
Kästle to sign equipment agreement with DSV
Kästle, the Austrian ski manufacturer, has signed an equipment agreement with the German ski federation, DSV, for its cross-country skiing, biathlon, Nordic combined and ski-jumping teams for the next four seasons. The first young talents of DSV’s cross-country ski and biathlon teams have already signed contracts with Kästle. In March ...
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News briefs
Hervis Sport reopens flagship store in Salzburg
Hervis Sport, one of Austria’s major sporting goods chains, recently reopened its store in the Europapark shopping center in Salzburg, offering many new services and features. The 1,900-square-meter flagship contains a shop-in-shop for Hervis’ private outdoor brand, Kilimanjaro, as well as a bike repair station with a free ”bike check.” ...
