News Briefs – Page 6
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News briefsSizekick and Stronger join forces for AI-driven size recommendations
Stronger wants to utilize Sizekick’s AI-driven size recommendations to offer tailored sizes to their customers, while also helping the environment.
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News briefsAuthentic appoints SVP, Head of Australia and New Zealand
Source: Authentic Lim Mi-Kyoung Authentic Brands Group (Authentic) announced the appointment of Lim Mi-Kyoung as SVP, Head of Australia and New Zealand. In her new role, Mi-Kyoung will oversee Authentic’s regional expansion, focusing on brand development and driving long-term growth. As Authentic’s first employee based in Australia, ...
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News briefsAliExpress first exclusive e-commerce partner of UEFA Euro 2024
AliExpress, the business-to-consumer online marketplace launched in 2010 by Alibaba International Digital Commerce Group, has become the first e-commerce platform as an exclusive official global sponsor of UEFA Euro 2024 in Germany. The marketplace said it invests millions of Euros in discounts, deals, and engagement during the championships. It will ...
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News briefsMainland Headwear hopes new factory will turn fortunes around
Annual operating profit at the China-based group Mainland Headwear declined by 28 percent to HK$190.2 million (€22.5m) from HK$264.1 million for the 12 months ended Dec. 31. Ebit fell by 29 percent to HK$177.2 million (€21.0m) as profit attributable to shareholders tumbled by 40 percent to HK$117.9 million (€14.0m). Meanwhile, ...
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News briefsPerfect Moment reports Q3 results
London-based luxury lifestyle brand Perfect Moment, which completed a NYSE IPO on Feb. 8, reported a 69 percent drop in operating income to $728,000 from $2.32 million for the period ended Dec. 31. Year-over-year net income fell by 63 percent to $1.2 million from $3.27 million. Total revenues declined by ...
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News briefsAlibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per share, ...
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News briefsPuma unveils 2024 national team kits with sustainability at the core
Source: Puma Puma has launched its latest National Team Home and Away kits for 2024, showcasing designs that pay homage to each nation’s heritage. The Authentic versions boast Puma’s Ultraweave technology, while the replica jerseys are crafted using Puma’s Re:Fibre recycling innovation. Re:Fibre represents Puma’s commitment to ...
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News briefsDecathlon partners with Blue Light Card, discounts for frontline workers
Decathlon is extending its support to frontline workers by offering a special discount through the Blue Light Card program, providing valuable savings on a range of essential products. The sports retailer is offering a 10 percent discount on a carefully selected assortment of items to NHS, social care, ambulance, police, ...
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News briefsCanada Goose to reduce corporate roles at its head office
Canada Goose is planning to cut about 17 percent of its global corporate roles in a cost-cutting push. The layoffs are set to involve about 156 jobs at its corporate headquarters, according to Reuters. Between April 2021 and April 2023, the company nearly doubled the number of employees at its ...
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News briefsGolf Ireland announces new sustainability plan
Golf Ireland, the governing body for golf in Ireland, has launched its Sustainability Action Plan “Drive the Green” for 2024 to 2027. Golf Ireland assists the 379 affiliated golf clubs cross the country on their sustainability journey, both on and off the golf course. The new action plan is designed ...
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News briefsFormer Levi’s president Jennifer Sey launches XX-XY Athletics
Jennifer Sey, the former Levi’s Global Brand President, is launching her own direct-to-consumer athletic apparel brand, XX-XY Athletics. The new brand is meant to offer premium casual athletic clothing while also focusing on a message that recommends “being brave, telling the truth, and protecting women’s sports.” No athletic or fitness ...
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News briefsMike Ashley sues Newcastle United over replica shirts for 2024/2025
Mike Ashley, the founder of Sports Direct, is suing Newcastle United over next season’s kit. Ashley owned the football club for 14 years, between 2007 and 2021. He has taken legal action against the club for “stopping his Sports Direct empire from selling their replica shirts” in favor of rival ...
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News briefsNike teams up with Fortnite for Air Max Day celebration
Nike and the video game Fortnite have teamed up once again, unveiling their latest collaboration as part of the “Air Max Day” festivities. Tuesday night marked the debut of the Airphoria Vol. 2 map within the gaming universe, showcasing Nike’s Dynamic Air technology featured in the new Nike Air Max ...
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News briefsPuma pairs with anime
Puma has struck a licensing deal with an anime series, One Piece, and thus presumably with some combination of the Japanese manga artist Eiichiro Oda, the Japanese publishing company Shueisha and the Japanese animation studio Toei Animation, part of the Toei Company. One Piece was recently adapted for live action ...
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News briefsOn sets sail: Partnering with Alinghi Red Bull Racing
Introducing Cloudregatta, engineered for the open sea.
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News briefsRevelyst acquires PinSeeker
Revelyst, the outdoor product segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, has finalized its acquisition of PinSeeker, a leading simulator off-course golf and connectivity app previously under the Wasserman portfolio. “The PinSeeker team is thrilled to begin our next chapter as part ...
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News briefsJordan Brand’s World Of Flight opens in Beijing, unveiling exclusive collection
Source: Jordan Brand Jordan Brand’s World Of Flight retail concept has landed in China, marking its inaugural debut in Beijing’s Sanlitun district. This new location will serve as the exclusive launch site for the ”Jordan Wings” collection, initially introduced in March and available solely in the Greater ...
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News briefsAuthentic Brands Group nearing deal for Boardriders brands in Europe
Authentic Brands Group is on the verge of finalizing a partnership deal for the Boardriders brands in Europe.
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News briefsLululemon opens up store in Stockholm
Canadian yoga and fitness brand Lululemon is set to open its doors at a new store on Biblioteksgatan 9 in Stockholm – in a property that has been rebuilt after a fire in 2017. “We are thrilled to welcome Lululemon to our rebuilt property in Bibliotekstan. The brand will bring ...
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News briefsIllegal profits from forced labor rose 37% since 2014, ILO report finds
Forced labor in the private economy generates US$236 billion in illegal profits per year, according to a new study from the International Labour Organization (ILO). The total amount of illegal profits from forced labor has risen by 37 percent since 2014, fueled by a growth in the number of people ...
