All News briefs articles – Page 379
-
News briefs
Alibaba anticipates a slowdown in sales this year
Alibaba, the Chinese e-commerce giant, expects revenues to rise by about 27.5 percent to over 650,000 million yuan renminbi (€83,725.8m-$91,168.5m) in the current fiscal year after its top line rose by 35 percent to RMB 509,711 million (€65,647.3m-$71,487.9m) in the fiscal year ended on March 31. The company achieved its ...
-
News briefs
Macron announces a virtual version of the Bologna Marathon
Macron, the Italian sportswear company based in Bologna, has announced a virtual replacement for the annual Bologna Marathon, which was supposed to take place on March 1. The brand is the official technical sponsor of the event. The first Bologna Virtual Marathon is scheduled to take place on June 5-6-7. ...
-
News briefs
ZDHC releases the Chemical Management System (CMS) framework
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has released the ZDHC CMS (Chemical Management System) framework, which provides the textile, apparel and footwear industries with a united base to work from. The ZDHC Foundation helps companies in these industries reduce their chemical footprint. The CMS Framework is part one ...
-
News briefs
Good first “virtual” sales meetings from Europe
The first virtual sales conventions organized by Schöffel and Oberalp went well, according to the two companies. Schöffel’s 100-percent digital sales meeting was held on May 19 and 20, involving roughly 130 participants from about 15 different countries in all the major markets, more than originally expected. A total of ...
-
News briefs
Ugg’s decline offset by Hoka One One and Teva
Despite headwinds from Covid-19, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’ revenues in its fourth fiscal quarter, ended on March 31. The group’s quarterly sales declined by 4.9 percent to $374.9 million, or by 4.5 percent in constant currencies, while net income ...
-
News briefs
Centric Brands goes bankrupt
Centric Brands has filed a voluntary application for Chapter 11 bankruptcy protection, with the support of Blackstone and other secured lenders who are providing $435 million in debtor-in-possession financing. The company said the proceedings will not impact its decision to reopen relevant locations. Centric Brands is a licensee for more ...
-
News briefs
Nike lets New Balance finish up the season with the Liverpool team
If the football season is resumed in the U.K., as has already happened in Germany, the Liverpool team will be allowed to continue wearing the New Balance jerseys until the end of the season. The English team was close to winning the title before the coronavirus pandemic struck. Nike was ...
-
News briefs
XXL has completed its equity increase
The Altor Fund has been confirmed as the largest investor in XXL ASA, owning 23.82 percent of the leading Nordic sporting goods retailer’s shares, as a result of an equity increase of 400 million Norwegian kroner (€36.5m-$39.7m), which ended on May 18. Together with an offshoot, Altor Invest, the Norwegian ...
-
News briefs
Hummel replaces Umbro as Everton’s kit supplier
Hummel has agreed to a three-year deal as the new kit sponsor of Everton, the English football club that competes in the Premier League. The agreement is reportedly worth more than double the expiring contract with Umbro, which called for fees of between £4 and £5 million per year. The ...
-
News briefs
Giant’s Q1 results are hit by the pandemic
Giant saw its revenues in the first quarter decline by 9.3 percent on an annualized basis to $444.5 million. The net income before taxes dropped by 16.9 percent to $27.4 million. Sales of e-bikes and traditional bikes in many European countries were hit by strict shutdowns in connection with the ...
-
News briefs
The IOC and WHO renew cooperation to promote physical activity
The International Olympic Committee (IOC) and the World Health Organisation (WHO) have announced a new cooperation agreement that reiterates their joint commitment to promoting healthy lifestyles, including physical activity, sport and active recreation, as a tool for better health conditions across the globe. The agreement was signed by the IOC’s ...
-
News briefs
Icebreaker works with a start-up on temperature-taking armband
Icebreaker, a brand of VF Corp., is partnering with a start-up on the development of a smart armband designed to monitor the wearer’s temperature, which could become a key tool in the post-coronavirus world. Nightingale MedTech, the company behind the armband idea, was only formed on May 1. The prototype ...
-
News briefs
Polartec’s enhanced fleece in Salewa’s jackets
Polartec has contributed an enhanced version of its high loft fleece made from merino wool to a new product line by Salewa, the Italian mountain sports brand. In the newly designed fabric, the layers of merino wool are connected to both sides of a synthetic core. This is said to ...
-
News briefs
Puma partners with Central Saint Martins for sustainable design
Puma has collaborated with Central Saint Martins, the London-based arts and design college, on a new collection that focuses on sustainable technologies in textile manufacturing. The Puma X CSM collection comprises a range of footwear, apparel and accessories that use environmental-friendly dyeing technologies such as “Dope Dye” and digital printing. ...
-
News briefs
Michael Jordan’s shoes fetch record $560,000 at Sotheby’s
Sotheby’s has auctioned an autographed pair of Michael Jordan’s sneakers, worn in his rookie season, for $560,000 to an unnamed buyer. The sale establishes a new record for sneakers at the auction house. The Nike Air Jordan 1s match the colors of Jordan’s team, the Chicago Bulls. According to Sotheby’s, ...
-
News briefs
Arc’teryx urges politics to include climate among post-Covid 19 priorities
Arc’teryx Equipment has joined 155 multinational companies in a statement jointly issued by the Science Based Targets Initiative, the UN Global Compact and the We Mean Business coalition that urges governments to include climate action in their strategies to rebuild the economy after the coronavirus epidemic. The other signatories include ...
-
News briefs
Down supplier makes masks
Allied Feather & Down, the down supplier and maker of bedding, is switching a large portion of its bedding production over to face masks. The company will be using the tightly-woven cotton that it normally employs for pillows and comforters to make washable two-layer face masks. Allied has also partnered ...
-
News briefsSchöffel organizes its first digital sales meeting
Like Oberalp, Schöffel has decided to hold its first virtual sales meeting because of the coronavirus outbreak. The family-owned German company quickly created an extensive program with product presentations, video contributions, webinars, discussions and live broadcasts across national and continental borders. The venue for the digital sales meeting, which was ...
-
News briefs
Castore will be the Rangers’ new kit sponsor
Tom and Phil Beahon, who founded Castore in Liverpool four years ago, say they want to partner with five leading football clubs across Europe in the next 10 months. “All these clubs will be challengers, who are perceived externally as underdogs but who themselves relish the battle and have both ...
-
News briefs
Spain permits large stores to open in “Phase 1” regions
Decathlon has reopened its 24 small Decathlon City stores in Spain in two stages, while offering click & collect at 74 of its larger stores in the country. Spain’s Ministry of Health has revised its initial guidelines for stores re-openings in Phase 1 regions. By the estimate of the Spanish ...
