All News briefs articles – Page 504
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News briefs
Thule has opened a new concept store in Stockholm. The...
Thule has opened a new concept store in Stockholm. The store is located on the city's central shopping street, the Kungsgatan, where neighbors include the likes of The North Face, Fjällräven, Haglöfs and Norrøna, among others. The store allows the company to showcase its entire range of its transportation solutions, ...
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News briefs
As a group, Fila Korea saw its consolidated net earnings...
As a group, Fila Korea saw its consolidated net earnings decline by 65 percent to 108.1 billion won (€82.2m-$101.6m) last year as sales jumped by 169 percent to KRW 2,530 billion (€1.9bn-$2.4bn) because of the integration of Acushnet's results. As a stand-alone operation, Fila booked net income of KRW 34.7 billion (€26.4m-$32.6m) for ...
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News briefs
Puma and the Massachusetts Institute of Technology (MIT) Design Lab...
Puma and the Massachusetts Institute of Technology (MIT) Design Lab will be showcasing the results of their research in the field of biodesign at the upcoming Milan Design Week. Biodesign uses living materials, such as bacteria or algae, to create products for our daily lives. The sportswear brand and the ...
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News briefs
Elan has taken over the distribution of its products in...
Elan has taken over the distribution of its products in the U.S. from Alpina Sports Corporation (ASC), the U.S. subsidiary of the eponymous Slovenian manufacturer of shoes and skis boots. The two Slovenian companies are switching roles in the U.S. ASC has been distributing Elan's snow sports products there since ...
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News briefs
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new...
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new 5,500-square-meter production facility in Roosendaal, in the southern part of the Netherlands, as well as a new sales office and warehouse in Denmark. The new factory in Roosendaal will allow Keola to increase its production tenfold compared with the current ...
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News briefs
Karstadt's employees are to receive a special payment as the...
Karstadt's employees are to receive a special payment as the German department store group reportedly achieved a profit of €1.4 million last year. The retailer had been unprofitable since 2007 but it went through a restructuring program launched after the takeover of a majority stake by Signa Holding in 2014. ...
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News briefs
Puma has just put out excellent preliminary figures for the...
Puma has just put out excellent preliminary figures for the first quarter. Consolidated sales increased by 12 percent to €1,131 million, with strong currency-neutral growth of about 21 percent. The operating profit (Ebit) went up to around €112 million from €70 million in the year-ago period. Nevertheless, the management is ...
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News briefs
Shimano's Japanese factory in Sakai suffered a fire on March...
Shimano's Japanese factory in Sakai suffered a fire on March 26, which led to the evacuation of more than 200 members of the staff. According to local media, it took some 20 fire engines and more than eight hours to extinguish the fire, but no one was injured in the ...
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News briefs
Gin Kiteboarding has opened a flagship store at the St-Joux...
Gin Kiteboarding has opened a flagship store at the St-Joux kite spot in La Neuveville, in the Swiss Jura. The store features a unique concept that combines a boutique, showroom, rental station, information center and meeting place. The objective is to provide the local community with a place to relax ...
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News briefs
Puma has teamed up with Gianmarco Tamberi, the world indoor...
Puma has teamed up with Gianmarco Tamberi, the world indoor and European high jump champion from Italy. Tamberi was described by the sports company as an athlete with a charismatic persona and a hustler style, aligned with Puma's brand identity. Hustler is the term that has been used by Puma ...
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News briefs
LVMH is going for sneakers. The world's largest luxury goods...
LVMH is going for sneakers. The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer ...
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News briefs
A sigh of relief spread through U.S. sporting goods industry...
A sigh of relief spread through U.S. sporting goods industry and market after the government of Donald Trump announced punitive duties on imports from China that spared the footwear and clothing sectors. However, market operators in Russia are expecting price increases of about 10 percent in the coming months due ...
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News briefs
Asics has raised €500,000 for Right To Play, a charity...
Asics has raised €500,000 for Right To Play, a charity partner which supports children in need through educational games. The donation was made possible by an in-store charity campaign, which was held across all Asics brand stores – in U.K. & Ireland, Germany, Poland, Czech Republic, The Netherlands, Belgium, Denmark, ...
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News briefs
BasicNet reports a final net consolidated profit of €10.6 million...
BasicNet reports a final net consolidated profit of €10.6 million for 2017, representing an increase of 3.3 percent from the previous year. As previously reported, the group's aggregated sales rose by 1.1 percent to €747.8 million. Ebitda went up by 7.3 percent to €23 million. Net debt increased to €61.5 ...
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News briefs
2XU is setting up a new Nordic sales subsidiary, based...
2XU is setting up a new Nordic sales subsidiary, based in Oslo, with regional offices also in Sweden, Finland and Denmark. It will be led by Ellen Sorum, who worked previously for Bergans of Norway and Gresvig.
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News briefs
Nike has launched the Nike Circular Innovation Challenge 2018, a...
Nike has launched the Nike Circular Innovation Challenge 2018, a search for innovations that will help it promote a waste-free, circular economy and a more sustainable future. The Challenge is open to legal residents age 18+ of the eligible countries, which include the U.S., Canada (excluding the province of Quebec), ...
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News briefs
Erima reported that it increased its sales by 3 percent...
Erima reported that it increased its sales by 3 percent to €66 million in 2017, as compared to the previous year. In Germany, sales rose by 5 percent, while sales outside Germany, the company's domestic market, grew by 25 percent. Sales in Belgium went especially well. Erima reported an increase ...
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News briefs
Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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News briefs
Wolverine Worldwide has become the target of at least 90...
Wolverine Worldwide has become the target of at least 90 individual lawsuits alleging that its now closed tannery in Kent County, Michigan, polluted drinking water with toxic chemicals used by 3M to waterproof its leather, starting with its Hush Puppies shoes in 1958. About 20 sites are said to have ...
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News briefs
Chervò has acquired a 95 percent stake in Chervò USA,...
Chervò has acquired a 95 percent stake in Chervò USA, a sign of the new focus of the Italian golf and sportswear brand on the largest consumer market in the world. The U.S. is also the world's largest golf country, with more than 20 million players. The remaining 5 percent ...
