News Briefs – Page 3
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News briefsTopsports Intl. turns higher sales, profits in H1
Chinese sportswear retailer Topsports Intl., which works with 14 leading sports brands including Nike and Adidas, reported a 16.7 percent increase in H1 profit attributable to shareholders to 1,337.20 million yuan renminbi (€173.0m) for the six months ended Aug. 31. Six-month operating profit improved by 9.2 percent to RMB 1,725.9 ...
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News briefsNike and Spotify launch the Make Moves Fund in the U.K.
Source: Nike Flo Nike has joined forces with Spotify in the UK to create the Make Moves Fund, which will use the power of music to get girls moving and help improve their mental well-being. The new partnership was announced on World Mental Health Day on Oct. ...
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News briefsAnta Sports buying majority stake in women’s activewear firm
Anta Sports is taking action to acquire an approximate 75 percent stake in Mayiya Clothing (Shanghai) Co., Ltd. for an undisclosed sum. The company, founded in 2016, markets the Maia Active sportswear brand for Asian women with a principal focus on the yoga sports category. Anta sees the acquisition bolstering ...
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News briefsNike’s virtual shoe goes real-life
Nike’s digital member platform .SWOOSH is launching its first-ever real sneaker, designed exclusively for its members: The Air Force 1 Low TINAJ (“this is not a jpg”). According to the .SWOOSH blog, customers must have uncovered one or more OF1 boxes by Oct. 16 to enjoy exclusive access to the ...
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News briefsNew Balance phases out kangaroo leather
Just months after Nike and Puma’s announcements, New Balance has informed the Center for a Humane Economy that the company will also phase out its use of kangaroo hides and stop selling kangaroo-based shoes by December 2024. Kangaroo skins are commonly used to make soccer cleats. The Center for a ...
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News briefsRoger Federer’s last Grand Slam-winning outfit up for sale in historic tennis auction
Source: Prestige Memorabilia Roger Federer’s 2018 Australian Open match worn and signed outfit Prestige Memorabilia announced an auction of tennis memorabilia culminating in an exclusive piece of tennis history: Roger Federer’s match-worn outfit from his landmark 20th Grand Slam victory at the 2018 Australian Open. The win ...
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News briefsNike x Feng Chen Wang: Unconventional and sustainably-minded
Source: Nike Transform Jacket, Nike x Feng Chen Wang Nike and Chinese-born, London-based designer Feng Chen Wang have unveiled their first collaboration. It sees them break with conventions of apparel construction to reinterpret sportswear pieces as highly functional blends of different cultural and design elements, led by ...
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News briefsTrans skater Baker’s own Nike signature shoe
Source: Nike Non-binary skate pro Leo Baker The new Nike SB React Leo is a nod to iconic shoes from the Nike vaults and Leo Baker’s favorite skate staples. The result, according to Nike, is a genderless, minimalist mid-top skateboarding shoe that combines modern technology, personalized details ...
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News briefsNike shareholders reject human rights proposals
At Nike’s annual meeting on Sept. 12, shareholders rejected proposals calling for more detailed reporting on employee pay by race and gender and better tracking of forced labor and wage theft risks in the company’s supply chain. The wage gap proposal came from Arjuna Capital and was supported by proxy ...
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News briefsNike teams up with the Olympic Refuge Foundation
Nike is collaborating with the Olympic Refuge Foundation (ORF) to help support displaced athletes. Together, they will ensure displaced women and girls benefit from safe port through the ORF’s Terrains d’Avenir program. The ORF and Nike will also collaborate to increase the capacity of coaches to provide a safe and ...
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News briefsNike introduces the ISPA Link Axis, a fully circular shoe
Source: Nike ISPA Link Axis production Nike is launching the ISPA Link Axis, described by the brand as its “first exploration into creating a fully circular shoe,” a closed-loop system that yields no waste. Every part of the Link Axis can be recycled, claims the company. ...
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News briefsNike introduces the EK Umoja running collection
Source: Nike Eliud Kipchoge Nike is launching the EK Umoja line, a capsule collection of running footwear and apparel that celebrates the world’s greatest marathoner, Eliud Kipchoge. Umoja means “unity” in Kipchoge’s native Swahili. Each collection item features colors and graphics inspired by the marathoner’s first World ...
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News briefsFormer Nike exec to head Fanatics’ Mitchell & Ness
Source: Fanatics Eli Kumekpor Mitchell & Ness, the vintage and lifestyle sportswear brand acquired by Fanatics in 2022 along with a strategic ownership group comprised of some of the most prominent names in sports, entertainment and business, including Jay-Z, Maverick Carter, the D’Amelio family and others, has ...
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News briefsNike will finally sell replica shirt worn by England goalkeeper Mary Earps
Nike has announced that it will finally sell replicas of England goalkeeper Mary Earps’ World Cup shirt. The sportswear giant, which is the team’s kit supplier, had been criticized for deciding not to sell goalkeeper shirts, as SGI Europe also reported in July. The company has now “secured limited quantities ...
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News briefsJudge in Nike vs. StockX orders defendant to disclose additional information about counterfeit sellers
U.S. Magistrate Judge Sarah Netburn has ordered the resale platform StockX to reveal additional information about users who sold counterfeit sneakers through the platform. Nike specifically asked how many sales these users completed, as this element could help assess the level of scrutiny StockX applied in facilitating their sales. StockX ...
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News briefsNike Rise concept store opens in India
Nike has opened its first digital flagship concept store, Nike Rise, at Phoenix Marketcity in Chennai on the Bay of Bengal in eastern India. The store was opened by RJ Corp, India’s leading conglomerate operating sports and F&B franchises, on August 6, 2023. Spread over 470 square meters, Nike Phoenix ...
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News briefsGrupo SBF Q2 operating income dips despite revenue growth
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro, said its Q2 results were negatively impacted by “still high inventory levels” in its Fisia business, where an aggressive markdown strategy wiped out the gross margin gains generated by its DTC segment. Second quarter adjusted Ebitda slipped by ...
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News briefsYoon Ahn adds nightlife-inspired approach to Nike football product
Source: Nike Nike x Ambush WC23 football and chainlink top and skirt In her latest collection, Tokyo-based Ambush designer and Nike collaborator Yoon Ahn puts sportswear, footwear and culture front and center while promoting fashion and self-expression – whether in the Ambush multiverse, on dance floors around ...
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News briefsNike criticized for replica shirt decision
The FIFA Women’s World Cup Australia & New Zealand 2023 has just begun but English fans cannot purchase the replica shirt worn by their team’s goalkeeper, Mary Earps. According to the Daily Mail, Nike’s decision not to sell goalkeeper shirts is part of the company’s commercial strategy, although Earps pointed ...
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News briefsConverse’s FY23 Ebit inched up 1%
Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...
