All News briefs articles – Page 72
-
News briefsAlibaba.com boosts sports and lifestyle product sales in Europe ahead of Uefa Euro 2024
Alibaba.com is capitalizing on the surge in sports-related consumer interest tied to upcoming events like Uefa Euro 2024 by launching a promotional event targeting sports and lifestyle products. According to Alibaba’s latest data, there has been a substantial increase in the UK market’s demand for sports goods, with purchases for ...
-
News briefsGerman court rules Nike can use three-stripe design on trousers, overturning previous Adidas claim
A German court has, according to Reuters, ruled that Nike can adorn some of its trouser designs with three stripes, a significant development in its ongoing legal battle with Adidas over trademark issues. This decision came during a second appeal hearing, where the Duesseldorf regional court partially overturned a previous ...
-
News briefsActive Apparel Group implements environmental management system to reduce carbon footprint
Active Apparel Group (AAG), a manufacturer of activewear and swimwear, has announced a significant step towards sustainability with the implementation of an Environmental Management System (EMS). Adhering to the ISO14001 Standard Framework, AAG aims to reduce its environmental impact through structured targets and strategies across its operations in China, Australia, ...
-
News briefsPuma expands supervisory board, elects two new independent members
Puma has expanded its Supervisory Board with the election of Harsh Saini and Roland Krüger as independent members during its annual general shareholders meeting. Their election follows the departure of long-time board member Thore Ohlsson and marks an increase in the board’s size from six to seven members. The pair ...
-
News briefsAfter bitcoin, SEC gives the nod to ether
The US Securities and Exchange Commission (SEC) has amended its rules and cleared the way for exchange-traded products (ETPs) – notably, exchange-traded funds (ETFs) – that deal in spot ether. The change results from petitions from NYSE Arca, Nasdaq and Cboe BZX. Ether is the crypto currency associated with the ...
-
News briefsAre helmets about to be normal gear for every surfer?
Surfing has traditionally shunned helmets, but rising concerns about head trauma are changing attitudes in the sport. At this year’s Lexus Pipe Pro, an increasing number of Championship Tour surfers wore helmets, recognizing the risks posed by dense crowds and dangerous breaks over shallow reefs. While helmets remain optional at ...
-
News briefsNike unveils ‘Nike Jam’ sneakers for breakdancing debut at 2024 Summer Olympics
With the 2024 Summer Olympics on the horizon, Nike is set to make a splash in the debut of breakdancing as an official competition sport. Introducing the Nike Jam, a performance sneaker crafted specifically for breakdancers, which was unveiled at Nike’s “Nike on Air” Olympic preview event last month. Designed ...
-
News briefsFootBalance wins at 2024 Sports Technology Awards with 3D foot scanning tech
Finnish company FootBalance clinched the top spot in the Medical category at the 2024 Sports Technology Awards with its MyFootBalance 3D foot scanning technology. The awards ceremony, held in London on May 9, 2024, celebrated the forefront of sports technology innovation, recognizing leaders across 23 different categories. The company’s founder, ...
-
News briefsRetail, Other Brands lead Topsports International in FY
The Chinese group achieved year-over-year sales lifts from both its retail business and Other Brands segment (Puma, Converse, Asics, and Hoka among others) to help it realize overall FY revenue growth of 6.9 percent to 28,933.2 yuan renminbi (€3.74b) for the 12 months ended Feb. 29. Annual operating profit grew ...
-
News briefsBullpadel hits the UK’s e-tail mainstream
The distributor MRH Sport has struck a deal to sell Bullpadel pádel racquets through John Lewis. We learn this from The Padel Paper, according to which John Lewis is the first major department store in the UK to stock pádel racquets for online sale. Some 18 Bullpadel racquets are now ...
-
News briefsNike confirms uniform changes to MLB owners
In his address to Major League Baseball (MLB) club owners on May 23, Commissioner Rob Manfred said, according to The Athletic, that Nike had long acknowledged the trouble with this year’s uniforms. The uniforms were manufactured to Nike’s specifications by Fanatics, and the trouble, as we reported in April, includes ...
-
News briefsLaura Miele joins On’s Board of Directors
On Holding announced the election of Laura Miele to its Board of Directors as an independent member. Miele will also contribute to the Audit Committee. “We are thrilled to welcome Laura to the On Board of Directors and could not be happier for such a qualified and dedicated individual to ...
-
News briefsRetail resilience: physical stores prove crucial for driving growth in digital era
The retail landscape, deeply transformed by the Covid-19 pandemic, is demonstrating resilience and a symbiotic relationship between physical stores and online sales. Despite the surge in digital shopping during the pandemic’s peak, recent data indicates that brick-and-mortar stores remain essential for driving growth in the retail sector. According to an ...
-
News briefsAdidas CEO faces backlash over use of kangaroo leather amid protests at annual meeting
Adidas CEO Bjørn Gulden is facing scrutiny over the company’s use of kangaroo leather following a protest at the annual general meeting. Activists from Animal Rebellion disrupted the event with signs declaring, “Kangaroo leather is cruel,” highlighting the contentious issue surrounding the use of wild Australian animals for products. Australia’s ...
-
News briefsInter Milan changes hands
Funds under the management of Oaktree Capital have swept in to take control of the Serie A football club Inter Milan. The club’s previous majority owner, Suning Holdings (headquartered in Nanjing, China), has failed to repay the outstanding balance on a loan from Oaktree that matured on May 21. That ...
-
News briefsBrooks taps Icebreaker’s GM EMEA as Managing Director for Europe, Middle East, Africa
Source: Icebreaker Josh Vaughan Brooks Running, a Berkshire Hathaway subsidiary, announced the appointment of Josh Vaughan as its new Managing Director EMEA, effective Aug. 1. Vaughan will be responsible for leading Brooks’ business and team across the region. “We are very pleased to welcome Josh to Brooks,” ...
-
News briefsImperial acquires Pukka, bolsters position in custom headwear market
Imperial, now under the ownership of CPC, announced the completion of its acquisition of Pukka, Inc., a custom headwear company based in Findlay, OH. Known for its designs in golf, action sports, and team sporting goods markets, Pukka’s existing management team and operational structure will remain intact. Todd Johnson, CEO ...
-
News briefsChampion unveils weighted hoodie to enhance mental health support
Champion has unveiled its latest product, the Champion Weighted Hoodie. This adaptive apparel prototype is designed to promote mental health and provide comfort. The hoodie integrates weighted technology commonly used in therapeutic blankets, inspired by a brand survey where over ninety percent of 19 to 35-year-olds ...
-
News briefsFanatics secures retail and merchandising partnership with golf’s R&A
Fanatics has secured an extensive omnichannel retail and merchandising partnership with the R&A, the governing body for golf outside of the USA and Mexico. This long-term agreement encompasses e-commerce, event and physical retail, memorabilia, and licensing rights for The Open and AIG Women’s Open. Under the deal, Fanatics will manage ...
-
News briefsQ1 revenues top $22 billion at Tencent
Tencent Holdings, one of China’s two internet behemoths (alongside Alibaba), has posted first-quarter revenues of 159.5 billion renminbi ($22.5bn), up 6 percent year-on-year, along with a gross profit of RMB 83.9 billion ($11.8bn), up 23 percent. Non-IFRS operating profit was up 30 percent, to RMB 58.6 billion ($8.3bn), while non-IFRS ...
