News Briefs – Page 115
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News briefsAmazon to launch in South Africa in 2024
Amazon announced that Amazon.co.za will launch in 2024, offering South African sellers the opportunity to reach customers across the country starting next year. Amazon says that more than 60 percent of sales on its store are made by independent sellers, most of which are small and medium-sized businesses that offer ...
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News briefsAdidas raises FY guidance on stronger core, Yeezy sales in Q3
In releasing preliminary Q3 results, Adidas updated its full-year guidance. The company – citing the impact of Yeezy sales efforts in Q2 and Q3; €200 million in one-time costs related to a strategic review; and a potential write-off of €300 million for remaining Yeezy merchandise that represents a 25 percent ...
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News briefsPeloton expands to Austria via Amazon and Sport-Tiedje
US fitness company Peloton has announced its expansion into Austria, its fifth international market outside the US in addition to Canada, the UK, Australia and Germany. Peloton Bike, Bike+ and select accessories are now available in Austria through Amazon. Sport-Tiedje, the leading specialty retailer of home fitness equipment in Europe, ...
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News briefsShaun White expands Whitespace brand with women's clothing line
Shaun White, the three-time Olympic champion from the US, is expanding his eponymous brand to include performance apparel for women aimed at riders of all disciplines. The brand, developed in partnership with US outdoor retailer Backcountry, debuted two years ago with a limited-edition snowboard and has since evolved into a ...
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News briefsDalbello appoints Global Brand Business Director
Source: Dalbello Giuseppe Bianchini The Asolo, Italy-based company has now reported that the newly created position of Global Brand Business Director, responsible for the strategic direction of Dalbello in an international context, has already been filled by Giuseppe Bianchini since June 1, 2023. The new position is ...
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News briefsLargest SSU shareholder terminates unconditional equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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News briefsNew Era hires GM for North America
New York-based licensed headwear company New Era Cap hired Steve Gallo as GM for North America back in September, reporting to co-Presidents Jim Grundtisch and Jim Patterson. The news follows recent reports that New Era is planning an initial public offering that would value the company at $4 billion to ...
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News briefsNew VP Supply Chain Ops EMEA at VF
An Claes has been appointed as the new Vice President of Supply Chain Operations EMEA for VF Corp. She succeeds Stuart Pond, who now holds the position of Vice President of Global Supply Chain Platforms. Claes has a 24-year track record in the supply chain sector, with experience in logistics, ...
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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 briefs361° retail sales rise 30 percent in Q3
The Chinese company 361 Degrees Intl., which launched its Soaring Clouds skateboarding shoes during the period, reported a 15 percent increase in 361° core branded products and 25 to 30 percent sales growth for 361° kids’ products during the quarter ended Sept. 30. Overall, 361° e-commerce sales improved by 30 ...
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News briefsXtep Intl. releases Q3 update
Retail sell-through for the Chinese company’s core Xtep brand, including online and in-store sales, rose by high teens year over year. Meanwhile, the company said there was a 25 to 30 percent discount level during the three months ended Sept. 30 with an inventory turnover level of 4.5 to 5.0 ...
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News briefsInternational Federation of American Football receives full IOC recognition
The International Federation of American Football (IFAF) has been granted full recognition by the IOC at its 141st Session in Mumbai. The decision follows the proposal made by the IOC executive board in March. The IFAF is the international governing body for the sport of American football, including flag football, ...
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News briefsPro-Sports joins the International Textile Manufacturers Federation
Pro-Sports, a Vietnam-based garment manufacturer that primarily focuses on performance, active, sports and casual wear, has joined the International Textile Manufacturers Federation (ITMF) as a corporate member. Located in northern Vietnam, Pro-Sports specializes in both woven and knit products and has a workforce of 6,000 people in four factories. The ...
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News briefsSpanish retailer Oteros Sport exits bankruptcy and draws expansion plan
Spanish athletic footwear retail chain Oteros Sport, which entered bankruptcy in September 2022 due to the impact of the Covid-19 pandemic, has announced that it has been authorized by a commercial court in Cordoba to continue its operations. The company is therefore maintaining its 66 locations and 249 jobs and ...
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News briefsPremier Padel appoints Eno Polo as CEO
Source: Premier Padel Eno Polo Premier Padel, the global pro padel tour founded by Qatar Sports Investments (QSI) with the International Padel Federation (FIP) and the Professional Padel Association (PPA), has announced the appointment of Eno Polo as CEO, effective Nov. 16. Polo has a long-standing experience ...
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News briefsPadel is experiencing exponential growth in Italy
Italy is second in Europe (after Spain) regarding the number of padel courts and participants, the International Padel Federation (IPF) said in a statement. The country experienced an increase of 16 percent in facilities (sports clubs, padel clubs, accommodation facilities) in the first nine months of 2023 compared to 2022 ...
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News briefsFormer Iconix CEO Neil Cole sentenced to 18 months in prison on fraud charges
The US Attorney for the Southern District of New York, Damian Williams, has announced that Neil Cole, the founder and former CEO of Iconix Brand Group, has been sentenced in Manhattan federal court to 18 months in prison “for participating in a scheme to fraudulently inflate Iconix’s revenue and earnings ...
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News briefsSailGP teams up with Mover to create plastic-free technical sportswear
Global sail racing league SailGP has announced a collaboration with Swiss sportswear firm Mover, a pioneer in 100 percent plastic-free apparel, to create “the world’s first plastic-free technical sportswear.” The collaboration sees the release of a capsule collection of six items, including T-shirts, polos and fleece hoodies, all crafted from ...
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News briefsPuma announces new partnerships with CONMEBOL and CAF
Puma has announced a partnership with the South American Football Confederation (CONMEBOL) for all club and national team matches for the next three years, starting from the 2024 season. Founded in 1916, CONMEBOL is the oldest continental football federation. Puma will sponsor major tournaments across Latin America like the Copa ...
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News briefsWattbike secures new financing
UK-based exercise bike manufacturer Wattbike has secured third-party financing to fund its international expansion strategy and launch “an exciting new product,” and expand its digital offering. Founded in 2008, the company says it has a customer base that includes more than 500 Olympic medalists, top athletes, Premier League, NFL and ...
