All News briefs articles – Page 86
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News briefsAdidas launches foundation to drive social and environmental impact
Adidas introduces the Adidas Foundation, an initiative aimed at consolidating and amplifying the company’s commitment to community impact. The Adidas Foundation is structured around three key pillars: “People,” “Planet,” and “Relief.” This means that the foundation will implement programs focused on anti-discrimination, sport for development, and inclusive access to sports ...
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News briefsOn launches tennis apparel and shoe line with Roger Federer
On, the high-performance sportswear brand unveils two significant additions to its product lineup: a tennis apparel line and “The Roger Clubhouse Pro footwear,” a collaboration with former pro tennis player Roger Federer, who has been a stakeholder in the Swiss company since 2019. The brand officially celebrated its entry into ...
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News briefsBlue Tomato expands presence in Italy: three new stores opened
After entering the Italian market with the opening of its very first store in Trento last May, Austria-based board sports and lifestyle specialist Blue Tomato, part of US-based Zumiez, has opened three more stores in Milan, Bergamo and Udine before the end of 2023. With over 850 employees and more ...
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News briefsDeckers reveals new sneaker brand
Ahnu, a brand new division of Deckers Brands, entered the market with the launch of its debut capsule, featuring the Sequence 1 sneaker. Ahnu’s goal is to create timeless designs for all-day wear, and it wants to appeal to individuals who embrace an active lifestyle. Dave Powers, President and CEO ...
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News briefsThe pickleball league merger is complete
The Carvana PPA Tour and MLP (Major League Pickleball) by Margaritaville have completed their merger into a “unified and definitive professional pickleball holding company,” with the help of $75 million from private-equity firm SC Holdings, D.C. Pickleball Team owner Al Tylis, PPA Tour owners Tom Dundon and the Pardoe family, ...
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News briefsStockX launches shopping experience on Apple Vision Pro
The online marketplace StockX has rolled out its own shopping experience on Apple’s newly debuted spatial computer, Apple Vision Pro, via a proprietary app. This immersive platform boasts a range of features, including a virtual sneaker showcase featuring 3D models, live market data, and a unique “Shop the Look” function ...
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News briefsMerger creates WSR: USA’s leading winter sports retail network
A merger in the winter sports retail sector has resulted in the formation of the USA’s largest network of specialty retailers, marking a significant milestone for snowsports enthusiasts across the country. Winter Sports Retailers Inc. (WSR), born out of the consolidation of Ski Specialty Limited (SSL) and Snowsports Merchandising Corporation ...
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News briefsFootasylum CEO Bown transitions to consultancy role, Pujolar named successor
Barry Bown, CEO of Footasylum, is set to transition into a consultancy role with Aurelius, the company’s owner. Bown was CEO for nearly six years and during his tenure he saw significant growth, with the company’s revenue climbing by 7 percent to £320 million (approx. €374m) and Ebitda reaching an ...
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News briefsNew pádel show in Portugal
Portugal will be getting its first international trade show for pádel this year. Expo Padel World is scheduled for June 29–30 at the MEO Arena in Lisbon. It will cover both B2B and B2C in the product, equipment, games, infrastructure and service sectors. It is otherwise built on three pillars: ...
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News briefsHohenstein develops specific sports bra test method
Hohenstein, a German provider of textile testing and a founding member of Oeko-Tex, announced the development of a new test method that is said to scientifically measure the support level of sports bras, an advancement from “previously subjective claim,” the company said. The new method creates reproducible, independent results without ...
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News briefsXponential Fitness operating income rises by 15 percent in Q4
Xponential Fitness, the global franchisor of boutique fitness brands, which is forecasting 550 new studio openings this year and a 31 percent increase in adjusted Ebitda, reported a 15 percent increase in operating income to $2.95 million for the period ended Dec. 31. The net loss was $9.1 million as ...
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News briefsSaucony appoints a new head for the Iberian peninsula
Saucony has a new head for Spain and Portugal. Wim Steenman will take charge over the Iberian peninsula.
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News briefsPuma celebrates inspiring women with Shapeluxe collection
Puma has introduced a new training collection to celebrate women who defy expectations, dubbed Shapeluxe. The collection features high performance pieces that are said to seamlessly move with the wearer thanks to Lycra Adaptiv materials. The Shapeluxe collection comprises low support and medium support bras, seamless tights (high waist fit, ...
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News briefsDecathlon UK taps Gordons for regulatory guidance
Decathlon UK has enlisted retail-focused legal firm Gordons to navigate regulatory complexities amid surging sales. Gordons will provide Decathlon with strategic counsel on product stewardship and consumer law, bolstering the retailer’s commitment to compliance. Decathlon was founded in France in 1976 and expanded to the UK in 1999, venturing into ...
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News briefsAdidas partners with Canopy for eco-conscious product line
In a significant move towards sustainability, Adidas has partnered with Canopy, an environmental organization, to uphold eco-conscious practices in its product lines. Adidas has aligned with Canopy’s CanopyStyle and Pack4Good initiatives, ensuring that its textiles, paper, and packaging materials are sourced responsibly, devoid of fibers sourced from forests critical for ...
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News briefsGymshark elevates Carly Natalizia to Chief Digital Officer
Gymshark has announced the promotion of Carly Natalizia to the role of Chief Digital Officer, a position newly created within the company. Natalizia, who initially joined Gymshark in 2022 as vice president of marketing, international, has steadily climbed the ranks, subsequently serving as global marketing director in 2023. Before her ...
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News briefsSwedish recycler goes bankrupt
Swedish textile recycler Renewcell has been declared bankrupt by the Stockholm District Court. The company made its filing for bankruptcy on Feb. 25. Renewcell has failed to secure the capital and liquidity to complete the strategic review it announced in November 2023 and maintain operations. It had been negotiating with ...
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News briefsATP agrees new partnership with Saudi Arabian PIF
The Association of Tennis Professionals (ATP), the global governing body of men’s professional tennis, and Saudi Arabia’s Public Investment Fund (PIF) have agreed a new multi-year strategic partnership with a focus on enhancing global tennis. Upon the terms of the agreement, PIF will become the official naming partner of the ...
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News briefsFanatics cuts 100 jobs at commerce division
Sports licensing giant Fanatics is cutting more than 100 jobs from its commerce division, its largest unit, including workers at its Tampa, Florida, and Easton, Pennsylvania, facilities. The news was first reported by Sports Business Journal (SBJ). The cuts included VPs, directors and managers, says the report, which also stresses ...
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News briefsThe Paris 2024 Paralympics will benefit from record media coverage
The Paris 2024 Paralympic Games are set to be the most broadcast covered in history. Paris 2024 and the International Paralympic Committee (IPC) have confirmed that media rights holders in more than 160 countries and territories have committed to broadcasting the Paris 2024 Paralympic Games, which will start on Aug. ...
