News Briefs

  • News briefs

    Rossignol sells Felt Bicycles to Pierer Mobility

    2021-11-23T18:03:00Z

    The Rossignol Group has agreed to sell its American brand of road and racing bicycles, Felt, to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. In announcing the move, without mentioning the agreed price, the French company explained it with a ...

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    Foot Locker announces “organizational enhancements”

    2021-11-19T18:18:00Z

    Creating a new position, Foot Locker has promoted Franklin R. Bracken to chief operating officer, and is seeking candidates another new post of ”chief strategy, innovation and development officer.” According to the company’s chairman and CEO, Richard A. Johnson, the new posts will produce “a more streamlined and agile organizational ...

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    Sentryc helps Oeko-Tex to track thousands of piracy cases over the internet

    2021-11-17T18:40:00Z

    In a move intended to protect its trademark from infringements on the eve of Black Friday and the Christmas shopping season, Oeko-Tex has revealed a partnership with a Berlin-based software firm, Sentryc, whose AI-based cloud solution scans more than 120 international online marketplaces and all the social media for product ...

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    Peloton offers over $1.1 bn in new shares

    2021-11-17T18:25:00Z

    With its cash flow turned negative by $522 million at the end of its September quarter, Peloton Interactive has decided to launch a secondary offering for 23.9 million Class A shares priced at $46 each to raise $1,099 million. It is also proposing an over-allotment of $150 million depending on ...

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    Anta starred in China’s Singles’ Day

    2021-11-17T18:24:00Z

    Alibaba has logged another record-breaking Singles’ Day, but the year-on-year growth of its sales in gross merchandise volume (GMV) for the event is on the decline. According to the trade publication Sportstextiles, this year’s 11.11 Global Shopping Festival, spread over 11 days, brought in for the Chinese e-commerce giant about ...

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    Goldwin improves quarterly results

    2021-11-17T17:24:00Z

    Goldwin has reported a 53 percent increase in net income to 1,397 million yen (€10.8m-$12.7m) for its second quarter ended Sept. 30 as its revenues for the period went up by 9 percent to 21.13 billion (€163.7m-$192.0m). In addition to its own brand, the Japanese group owns the distribution of ...

  • News briefs

    New NPD study shows a drop in China’s sports shoe market

    2021-11-16T14:50:00Z

    China’s online market for sports footwear declined by one percent to $8.9 billion during the second quarter of 2021, according to a new study by the NPD Group. The drop was due to the poor performance of international brands, which suffered from a consumer boycott launched in March because of ...

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    Decathlon wants to double its turnover in Germany

    2021-11-10T18:10:00Z

    Based on a just-launched business plan for the next five years, Decathlon Germany aims to double its turnover to €2.5 billion in terms of gross merchandising value by 2026, compared with projected levels of around €950 million in 2021 and €1.3 billion in 2020. To help achieve this goal, the ...

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    Supply chain issues dampen Brooks’ growth

    2021-11-09T17:44:00Z

    The global growth of Brooks Running softened to an annual clip of 24 percent in the third quarter, as pandemic-related supply chain problems began to affect its ability to meet consumer demand, reducing its sales in September. It had grown faster in the first half, as its total sales for ...

  • News briefs

    Allbirds’ IPO proceeds rise to $348 million

    2021-11-09T17:09:00Z

    The underwriters of Allbirds’ public offering fully exercised an over-allotment option to purchase additional shares, which was not surprising in view of the doubling in the initially offered price of $15 a share in the course of trading. All in all, Allbirds has placed a total of 16,850,799 shares, raising ...

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    Intersport matched 2019 levels in the first nine months of 2021

    2021-10-29T15:27:00Z

    Steve Evers, CEO of Intersport International Corp., tells us that the international retail network of Intersport returned to the 2019 level of €8.5 billion (including VAT) in the first nine months of 2021. The retail sales of the affiliated stores went up by 12.6 percent in the third quarter as ...

  • News briefs

    JD acquires control of a Greek retailer

    2021-10-22T17:14:00Z

    JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...

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    Nebbia, a Slovak brand of gymwear, opens its first store in Russia

    2021-12-06T18:09:00Z

    A Slovak sports brand specializing in body-building apparel for men and women, Nebbia, has launched its first mono-brand store in Russia, located in a shopping center of St. Petersburg. The company said it plans to work with professional athletes “to test and develop sportswear fit for the most demanding conditions.” ...

  • News briefs

    Lids comes to Europe

    2021-12-06T17:54:00Z

    Lids is opening its first European stores at four locations in the London metropolitan area this month. The leading U.S. retailer for sports caps mentioned the success it has enjoyed with the opening earlier this year of an NBA store that it has been operating in London, in cooperation with ...

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    Shake-up in Alibaba’s top management

    2021-12-06T17:53:00Z

    Maggie We, the long-time finance director of the Alibaba Group, is resigning as part of a reorganization of the group that will also see Jiang Fan, 36, take responsibility for its international operations. Alibaba has not been doing well since its founder, Jack Ma, complained last year about the suspension ...

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    Malmö to get Scandinavia’s largest designer outlet village

    2021-12-06T17:46:00Z

    The Malmö Designer Village in Sweden is purportedly set to become Scandinavia’s largest designer outlet village. The location will put the village within 90 minutes’ travel for some 3.8 million residents in southern Sweden and greater Copenhagen, and within an hour’s travel for 26 million tourists per year. The first ...

  • News briefs

    SMS: More than 10.6m golfers now in Europe

    2021-12-06T17:46:00Z

    The number of golfers playing on Europe’s full-length courses – 7.9 million in 2016 – now exceeds 10.6 million, according to the latest edition of the European Golf Participation Report, drawn from the research of Sports Marketing Surveys and published by The Royal and Ancient Golf Club of St. Andrews ...

  • News briefs

    Sequential settles with the SEC

    2021-12-03T22:08:00Z

    The U.S. Securities & Exchange Commission (SEC) has reached a settlement with the bankrupt Sequential Brands Group, ending a pending civil suit against the American licensing company. Based on its reported assets and liabilities in the bankruptcy case, Sequential will have to pay no penalties. The SEC had accused Sequential ...

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    Nike gets funding for apparel recycling research

    2021-12-03T22:07:00Z

    The Remade Institute, a 132-member public-private partnership established by the U.S. Department of Energy (DOE) with an initial investment of $140 million, announced a funding round worth $33.2 million in new technology research, selecting 23 new projects. One of the beneficiaries will be Nike, which will explore the use of ...

  • News briefs

    Patagonia and Nike are charged in a Dutch court with fostering forced labor in China

    2021-12-03T16:22:00Z

    We hear that the European Center for Constitutional Rights (ECCHR), with the support of human rights legal office of Prakken d’Oliveira, has filed criminal complaints against several Dutch and U.S. textile and fashion brands that have their European headquarters in the Netherlands. They argue that Patagonia, Nike, C&A and State ...