News Briefs – Page 110
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News briefseBay exceeds expectations in Q3
eBay Inc. reported revenue of $2.5 billion, up 5 percent on an as-reported basis and up 5 percent on an FX-neutral basis, for its third quarter ended Sept. 30, 2023. “We delivered another quarter of solid results and have accelerated the pace of innovation across eBay,” said Jamie Iannone, Chief ...
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News briefsAdidas Original by Wales Bonner an exploration of archival looks
The latest release from Adidas Originals continues its collaborative partnership with Wales Bonner. As with other collaborations between the sporting brand and designer Grace Wales Bonner, the collection is an ongoing “exploration of athletic codes.” Source: Adidas The apparel reimagines Adidas’ sporting legacy of the 70s ...
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News briefsSigna Holding: Benko steps down, hands over chairmanship to restructuring expert
As the company announced on Nov. 8, 2023, Austrian real estate investor René Benko has stepped down as Chairman of the Advisory Board of Signa Holding and handed over the chairmanship to Arndt Geiwitz. The German restructuring specialist is also taking over the chairmanship of Signa’s shareholders’ committee, as reported ...
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News briefsProgram launched in France to repair shoes and clothing
On Nov. 7, the French government launched a subsidized program for the mending of clothing and footwear. The so-called “bonus réparation” is “good for the environment but also for purchasing power,” said Christophe Béchu, the country’s Minister for Ecological Transition. Consumers can have their clothes and shoes mended with some ...
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News briefsXponential Fitness appoints President of International, scores global multi-brand deals
Xponential Fitness, Inc. a global franchisor of boutique fitness brands, announced several milestones in the company’s international expansion initiatives. In the first instance, Bob Kaufman was named President of International to lead Xponential’s international expansion plans for all of its brands. Kaufman has more than 25 years of industry experience ...
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News briefsNew Wave Group operating profit dips despite 5 percent sales growth
New Wave Group reported a 10.9 percent decline in Q3 net profit to 270.9 million Swedish kroner (€23.2m) from SEK 304.0m for the three months ended Sep. 30. Period operating profit declined by 4.2 percent to SEK 381.1 million (€32.6m) despite 5 percent revenue growth to SEK 2.34 billion (€199.8m) ...
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News briefsGoldwin’s H1 operating profit up by 15 percent
Goldwin generated a 15 percent improvement in operating profit to ¥6,070 million (€137.8m) from ¥5,277 million for the six months ended Sept. 30. Profit attributable to shareholders lifted 25 percent higher to ¥7,323 million (€45.6m). H1 sales at the Japanese company rose 12.8 percent to ¥51,096 million (€317.9m) from ¥45,309 ...
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News briefs65 years of Lycra fiber: The Lycra Company and Mare Di Moda together again
Source: The Lycra Company Lycra Adaptiv Black The Lycra Company returns once again as an official partner of the Mare di Moda trade show in Cannes (Nov. 7-9, 2023) in the 65th Anniversary Year of its Lycra fiber. The Lycra Lounge will be the place to discover ...
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News briefsFoot Locker unveils new global marketing platform
Foot Locker has launched a new global platform called ”The Heart of Sneakers” in conjunction with a star-studded Christmas 2023 campaign to celebrate sneaker culture while demonstrating that the retailer plays an essential role as an originator and leader in the sneaker community. The The Heart of Sneakers theme will ...
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News briefsAdidas teams up with Bugatti for football boot release with a twist
Bugatti and Adidas have come together to create a limited edition football boot – and a release with a twist. The Adidas X Crazyfast Bugatti will be auctioned through the Adidas Collect Web 3 platform, and successful bidders will receive both a physical pair and a digital twin. The Adidas ...
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News briefsNike sues New Balance, Skechers over Flyknit patent infringement
Nike has filed federal lawsuits in the US against New Balance and Skechers, accusing both companies of misusing the patented Flyknit technology – a patented technology allowing it to make high-performance uppers with reduced materials and waste – for their running, soccer and basketball shoes. The lawsuit against New Balance ...
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News briefsGildan says Q3 results are in line with expectations but updates guidance
Canadian sportswear brand Gildan Activewear delivered net sales of US$870 million in the third quarter ended Oct. 1, 2023, up 2.3 percent over $850 million in last year’s third quarter, as the company moved past the impact of strong prior year comparative periods tied to post-pandemic replenishment. The company generated ...
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News briefsSport Unlimitech launches new sport job fair
The next edition of the French trade show Sport Unlimitech will be held at the Marcq-en-Barœul horse racing venue on the outskirts of Lille on Nov. 8. Sport Unlimitech is a traveling event across France that gathers together local and national players in the sports business and sports movement as ...
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News briefsFIP has a new official pádel court
MejorSet (literally, Better Set) has come up with a new design for the official court of the International Padel Federation (FIP) and its tour. The Spanish manufacturer has been supplying official courts for the FIP and its Premier Padel tournaments since 2020. Many of the court’s new specifications are available ...
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News briefsIOC approves Olympic Charter amendments that strengthen its human rights commitments
The International Olympic Committee (IOC) has announced that the 141st Session in Mumbai has approved changes to the Olympic Charter, the document that contains the fundamental principles of Olympism as well as the rules and bylaws adopted by the IOC. Additional wording has been included in the “Fundamental Principles of ...
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News briefsOn announces major team expansion in Australia
Swiss sportswear brand On has announced a new official partnership with four Australian athletes: Imogen Barrett, a middle-distance runner from Brisbane; Zach Facioni, a 5000m runner from Sydney; Jesse Hunt, a runner from Perth; and Ed Trippas, a steeplechaser from Sydney who represented Australia at the Olympic Games ...
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News briefsEbit falls while BasicNet sales increase
BasicNet, the Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands, said that in the first nine months of 2023, consolidated revenues rose by 5.3 percent year-on-year to €297.5 million, while aggregate group brands revenues slipped by 7.6 percent to €858.4 million. Meanwhile, Ebitda increased by ...
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News briefsAmazon posts 13% sales increase and more than triples net income in Q3
Amazon posted net sales of $143.1 billion in the third quarter ended Sept. 30, 2023, representing an increase of 13 percent compared with Q3 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the sales increase was 11 percent. International sales increased ...
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News briefsSaudi Arabia sole bidder for 2034 World Cup after Australia pulls out
Saudi Arabia has emerged as the sole bidder to host the men’s 2034 FIFA World Cup following Australia’s decision not to bid for that edition of the tournament. FIFA had set Oct. 31, 2023, as the deadline for federations in Oceania and Asia to formally declare interest in hosting the ...
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News briefsMarcus Rashford’s debut collection with Nike
Source: Nike Nike x Marcus Rashford Collection Nike is partnering with Premier League footballer Marcus Rashford on his debut boot and apparel collection. Products include the Elite and Kids versions of the Mercurial Superfly, the Air Max Pulse, a woven tracksuit jacket, tees, pants, and a limited-edition ...
