All News briefs articles – Page 569
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News briefs
Patagonia has announced it will donate 100 percent of Black...
Patagonia has announced it will donate 100 percent of Black Friday sales from its website and global stores to charity organizations, and specifically to grassroots environmental groups. Donations are estimated to raise more than $2 million, according to reports in Fortune. The outdoor company explained in a blog post that ...
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News briefs
JD Sports Fashion says it has paid about £112.3 million...
JD Sports Fashion says it has paid about £112.3 million (€131.6m-$139.3m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, while assuming net debt of about £16 million as part of the transaction. Go Outdoors had sales of £202.2 million (€237.0m-$250.9m) for ...
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News briefs
K2 Sports has signed a license agreement with Vertical Brands...
K2 Sports has signed a license agreement with Vertical Brands of Shrewsbury, New Jersey for the distribution of K2-branded ski and snowboard outerwear and apparel worldwide. The agreement will become effective in the autumn of 2017. As part of the deal, Vertical Brands will oversee apparel design, manufacturing and product ...
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News briefs
For the six months to Sept. 30, Goldwin posted 2...
For the six months to Sept. 30, Goldwin posted 2 percent higher revenues of 26.5 billion yen (€219.2m-$232.2m), as positive results for its distribution of The North Face and Helly Hansen offset the loss of the Champion business, which was transferred to Hanesbrands on March 31. The gross margin rose ...
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News briefs
Globeride saw its sales grow by 2 percent to 42.3...
Globeride saw its sales grow by 2 percent to 42.3 billion yen (€349.6m-$370.3m) during the six months ended Sept. 30, thanks in part to the improving economy in Japan, but foreign exchange losses of more than two billion yen caused its net income to drop by 54 percent to ¥730 ...
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News briefs
The Skechers Foundation has announced that its 8th annual 2016...
The Skechers Foundation has announced that its 8th annual 2016 Skechers Pier to Pier Friendship Walk has raised more than $1.6 million for children with special needs and education. Celebrities at the event included Brooke Burke-Charvet, a longtime Skechers supporter, as well as boxing legend Sugar Ray Leonard, actor Ian ...
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News briefs
Canada Goose would like to go public sometime in 2017....
Canada Goose would like to go public sometime in 2017. Bain Capital, which acquired a majority stake in the Canadian company three years ago, is said to be seeking a valuation of $2 billion in the planned initial public offering. Credit Suisse, the Canadian Imperial Bank and Goldman Sachs have ...
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News briefs
Yonex' sales jumped by 24 percent to 31.3 billion yen...
Yonex' sales jumped by 24 percent to 31.3 billion yen (€258.9m-$274.4m) in the six months through Sept. 30, but most of the growth took place in China, where the company's recently opened joint venture lifted its sales in the country by 241 percent to ¥8.8 billion (€72.8m-$77.1m), driven by badminton. ...
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News briefs
More than 250 people attended the Ispo Academy held for...
More than 250 people attended the Ispo Academy held for the first time in Seoul earlier this month. Organized at the Textile Center on Nov. 7-8, in partnership with the Korea Outdoor & Sports Industry Association (KOIA), it brought together brand owners and retailers to hear about the development of ...
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News briefs
A negative foreign currency swing of 3.8 billion yen (€31.4m-$33.3m)...
A negative foreign currency swing of 3.8 billion yen (€31.4m-$33.3m) led Descente to post a net loss of ¥1,750 million (€14.5m-$15.3m) for the first half of its financial year, ended Sept. 30, against a profit of ¥2,939 million in the year-ago period. Without extraordinary items, net earnings were down by ...
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News briefs
The Australian media have reported about the insolvency of BLK,...
The Australian media have reported about the insolvency of BLK, the brand of team sports jerseys based in Queensland. It has contracts with many football, rugby and netball teams in Australia, and a few also in Europe. Executives of the company declined to provide information on the consequences of the ...
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News briefs
Strengthening its management structure, Accell Group has appointed Wouter Jager...
Strengthening its management structure, Accell Group has appointed Wouter Jager as brand and marketing director of the company. Jager's current responsibilities as commercial managing director of Accell Nederland will be transferred to Huub Snellen, the group's managing director of operations. In the framework of Accell Nederland's integration into the group, ...
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News briefs
GoPro is facing class action suits from shareholders who feel...
GoPro is facing class action suits from shareholders who feel misled by the action-camera company's claims about the demand and the sales potential for its new Karma drones. Three law firms announced the legal action after GoPro recalled about 2,500 drones on Nov. 8 after discovering that they can lose ...
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News briefs
The Adidas Group is opposing a pending trademark registration by...
The Adidas Group is opposing a pending trademark registration by Barcelona football club in the U.S., for a design with seven blue and red stripes. As reported by several Spanish newspapers, the Adidas group has filed an opposition document with the U.S. Patent and Trademark Office (USPTO) last month, claiming ...
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News briefs
Adidas has unveiled a new jersey for the New Zealand...
Adidas has unveiled a new jersey for the New Zealand All Blacks rugby team. The jersey, which comes after two years of development in collaboration with the team itself, features a new fabric which has been digitally woven together. This manufacturing process is said to help reduce the likelihood of ...
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News briefs
Adidas and London-based Palace Skateboards have launched their new collaboration...
Adidas and London-based Palace Skateboards have launched their new collaboration with a humorous video that makes fun of Adidas' serious sportswear campaign. The collection includes tracksuits, terry hoodies, socks, hats, crewnecks as well as the new Palace Indoor sneaker, which is similar to Adidas' retro Superstar shoe but with recent ...
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News briefs
Adidas has unveiled a fully biodegradable running shoe made from...
Adidas has unveiled a fully biodegradable running shoe made from Biosteel fiber, a nature-based and completely biodegradable replication of natural silk. The Futurecraft Biofabric, which has been developed in partnership with AMSilk, was presented on Nov. 17. at the Biofabricate Conference in New York, where Adidas and AMSilk also announced ...
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News briefs
The combined sales of the retailers affiliated with Intersport Austria,...
The combined sales of the retailers affiliated with Intersport Austria, including the Intersport stores in Slovakia, the Czech Republic and Hungary, are expected to increase by 6.7 percent to €540 million in 2016, as compared to 2015. Affiliated retailers in Austria expect to record a double-digit increase in their sales ...
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News briefs
Sports Direct is facing parliamentary demands for explanations after a...
Sports Direct is facing parliamentary demands for explanations after a group of members of Parliament turned up unannounced at its head office and warehouse in Shirebrook, and alleged that an attempt was made to record a private discussion in one of the group's meeting rooms. Ian Wright, head of the ...
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News briefs
Sports Direct is facing parliamentary demands for an explanation after...
Sports Direct is facing parliamentary demands for an explanation after six members of Parliament (MPs) turned up unannounced at its head office and warehouse in Shirebrook, and an attempt was allegedly made to record their private discussion in one of the group's meeting rooms. The allegation is that a recording ...
