All News briefs articles – Page 384
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News briefs
New Balance settles lawsuit against Nautica
The trademark infringement lawsuit that New Balance filed in Massachusetts in August 2019 against Authentic Brands Group over use of the letter “N” on footwear and apparel by the brand Nautica has been settled. All claims against Nautica have been dismissed without prejudice, and each party will be covering its ...
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News briefs
Oeko-Tex waives fee for mask certification
Since April 20, Oeko-Tex has waived the licence fee for the Standard 100 certification of mouth and nose masks in order to support the safety of the general public during the period of Covid-19. This measure follows the recently announced process changes for certificate renewals during the corona pandemic. The ...
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News briefs
JD suspends dividends
To save cash, JD Sports Fashion is suspending its annual dividend as all its stores in the U.K., the rest of Europe and the U.S. are now closed because of the coronavirus crisis. The U.K.-based retailer’s executive chairman, Peter Cowgill, is taking a pay cut of 75 percent, while members ...
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News briefs
Pure Fishing gets lower rating
Moody’s has downgraded Pure Fishing, the company previously owned by the former Jarden Corp. that groups together fishing tackle brands like Abu Garcia, Berkley and Shakespeare. The company’s debt reached 9 times Ebitda last year, after running into a negative cash position following a 6 percent decline in its revenues. ...
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News briefs
O’Neill uses marine waste
O’Neill has used this year’s Earth Day on April 22 to draw attention to the sustainably produced O’Neill Blue Label collection. The surf and snowwear brand is committed to protecting the oceans by producing O’Neill Blue swimwear from marine waste. Products that consist of at least 30 percent sustainably produced ...
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News briefs
Stella’s Q1 revenues drop by 16%
In a business update for the first quarter, Stella International said it recorded a fall in manufacturing revenues and shipment volumes, due to the delayed resumption of production at its factories in China after the Lunar New Year owing to the coronavirus outbreak.The management also blamed seasonal orders pattern with ...
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News briefs
Vibram launches new shoe
Vibram is launching the FiveFingers V-Train 2.0, a new model for the spring/summer 2020 collection, for men and women. The shoe is designed for indoor physical activities like pilates or yoga, as well as for heavy workouts that require endurance and agility. The new model is available in black/black, black/blue ...
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News briefs
Nike UK kids
Nike and Ukactive Kids have launched Move Crew, a new initiative designed to help children reach their 60 minutes of daily recommended activity. Ukactive is a British not-for-profit health organization for the physical activity sector. The Move Crew initiative sets daily “activity missions” for children to complete. A new Move ...
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News briefs
Nike Earth Day
Nike has celebrated this year’s Earth Day (April 22) by launching a new program on nike.com that makes it easier to search, shop and learn about the sustainable features of its products. Thanks to a new “Shop Sustainable Materials” tab in the navigation, it is now easier to spot sustainable ...
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News briefs
Rossignol appoints a global director
The Rossignol Group has made François Goulet its global director, according to sport-guide.com. The appointment follows the departure of the vice president for Europe, François Benaben, after more than eight years with the group. The group’s president and chief executive, Bruno Cercley, explained to sport-guide.com that “it makes sense in ...
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News briefs
Polygiene is trending up
Polygiene stabilized its business in 2019, with sales declining by just 0.3 percent to 68.8 million Swedish kronor (€6.34m-$6.82m), with cash flow improving and turning positive. Sales actually grew by 6.3 percent excluding the divested Protective Surfaces business, but the operating margin declined and the company ended up with a ...
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News briefsIspo Munich 2021 dates changed to avoid overlap with OR
To avoid overlapping with the Outdoor Retailer Winter Market in the U.S. (Jan. 27- 29), Messe München has postponed the next Ispo Munich to Jan 31 to Feb 3, 2021. Originally, the event was scheduled to run from Jan. 28-31. The new dates will bring the show back to the ...
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News briefs
Former Sports Direct has some problems
Frasers Group says the current uncertainty caused by the Covid-19 “shock” is affecting its bank credit lines and its suppliers’ credit insurance. It understands that the majority of new credit insurance cover has been withdrawn for the time being. The British group, formerly called Sports Direct International, reports that it ...
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News briefs
Bench returns to its origins in Manchester
Gordon Brothers of Boston announced the sale of its rights outside the Americas for Bench, the streetwear brand with British origins, to Wraith, an affiliate of Apparel Brands Limited of Manchester that is currently one of Bench’s primary European licensees. The purchase price has not been disclosed. Founded in 2017, ...
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News briefs
Animal to close permanently in January
A slow market in the U.K. made worse by the Covid-19 pandemic is leading to the demise of Animal. The British surf fashion brand was begun in 1987 in the town of Poole to sell a hook and loop watch strap-designed by its founders, two surfers: Ian Elliot and Nigel ...
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News briefs
SportScheck’s boss quits
Markus Rech, former chief executive of SportScheck, is leaving the Signa Retail Group, the new parent company of the German sporting goods retail chain, by mutual agreement to take on new professional challenges. The 46-year-old worked for SportScheck for the past four years and helped the company to expand its ...
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News briefs
Lululemon's CFO leaves
Lululemon has announced the departure of its current chief financial officer, Patrick Guido, on May 8. He will be joining the Asbury Automotive Group as senior vice-president and chief financial officer. Meghan Frank, Lululemon’s senior vice-president of financial planning & analysis, and Alex Grieve, vice-president and controller, will take over ...
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News briefs
Signa Sports United should break even
Despite the pandemic, Tennis-Point will be carrying on with its expansion plans in Spain for the year, albeit with a modified calendar. The German specialty retailer, which belongs to the Signa Sports United Group, has seen its sales of tennis products drop by about 70 percent in Spain, even with ...
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News briefs
Spanish sports retailer calls Spain’s rent forgiveness insufficient
CMDsport reports that the owner of Base Deportes Santa Gema, Francisco Torrejón, deems the Spanish government’s moratorium on rents “insufficient,” as it doubly excludes companies like his own. Decreed on April 21, the moratorium applies to independent workers and, more pertinently, to SMEs with no more than €6 million in ...
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News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
