News Briefs – Page 128
-
News briefsNew VP and GM for OrthoLite Cirql
Performance footwear insoles company OrthoLite has announced Matt Thwaites as its new Vice President and General Manager of OrthoLite Cirql, the footwear solution that enables circularity for brands and factories. Thwaites brings more than two decades of experience in sales and operations in the textile industry to his new role. ...
-
News briefsHeydude has new content creator partner
Casual footwear brand Heydude has announced a partnership with content creators Dude Perfect. In what is a long-term partnership, the American sports and comedy group Dude Perfect will work in lockstep with Heydude on upcoming brand campaigns and creating bespoke content for the brand. The five members of Dude Perfect ...
-
News briefs361 Degrees’ H1 operating profit up by 29 percent
The Chinese group 361 Degrees reported an operating profit of 992,781 million yuan renminbi (€132.8m) from RMB 771,944 million for the six months ended June 30. Profit attributable to shareholders increased by 28 percent to RMB 703,646 million (€94.1m) as gross margin improved by 20 basis points to 41.7 percent ...
-
News briefsSaucony and Polygiene partner on latest product range
Following on from the launch of the partnership in March 2023, Saucony has unveiled more Polygiene-treated products in its July Spring Summer Collection. Source: Polygiene Polygiene’s StayFresh antibacterial technology inhibits the growth of odor-causing bacteria, so garments need less washing, customers save water and energy, and products ...
-
News briefsUvex Sports Group parts ways with CEO and CFO
Uvex Group, the parent of brands including Alpina, Hiplok and Uvex, is to part ways with both its Uvex Sports Group CEO Christophe Weissenberger and CFO/COO Dr. Michael Dannhauser with immediate effect. Source: Uvex Group Michael Dannhauser (l) and Christophe Weissenberger (r) “We would like ...
-
News briefsPádel Nuestro helping to restore a lagoon
Pádel Nuestro is lending a hand to Spanish environmental non-profit, Asociación de Naturalistas del Sureste (Association of Southeast Naturalists, or ANSE) in its efforts to restore a saltwater lagoon off Murcia. Tons of fish died in the Mar Menor (Minor Sea), as the lagoon is called, in the autumn of ...
-
News briefsSnow sports apparel market to grow 6% by 2027
The snow sports apparel market is estimated to increase by US$1.65 billion from 2022 to 2027. The market will be progressing at a compound annual growth rate (CAGR) of 6.12 percent, according to a new report by tech research and advisory firm Technavio. Growth is being driven by the rising ...
-
News briefsWorld Boxing announces its first six member federations
World Boxing, the breakaway international federation set up in April 2023 to rival the International Boxing Association (IBA), has announced its first six official members. In addition to USA Boxing, which was the first national federation to join the new body, World Boxing has also confirmed New Zealand Boxing, Boxing ...
-
News briefsLe Coq Sportif and Paris 2024 unveil apparel range
French brand Le Coq Sportif and Paris 2024 have unveiled the Essentiel apparel collection, the first in a series of ranges that celebrate the 2024 Olympics. Two more ranges, dubbed Graphique and Sport, are set for launch by the end of the year. The garments in the new Essentiel Paris ...
-
News briefsDecathlon UK launches affordable Back to Sport Pack
Decathlon UK has launched a Back to Sport Pack that costs under £25 (€29), to allow all kids to participate in sports. The kit, available in-store and online for ages 4–15, comprises shorts, a t-shirt, trainers and a backpack. Data from the sporting goods retailer has revealed that 63 percent ...
-
News briefsNew CEO for Wolverine World Wide
Wolverine World Wide, Inc. announced that it has appointed Christopher Hufnagel, current President of Wolverine, as President, Chief Executive Officer, and member of the Board of Directors, effective immediately. He succeeds Brendan Hoffman, who is no longer with the company. Source: Wolverine World Wide New CEO of Wolverine ...
-
News briefsStruggling Superdry secures £25 million from Hilco Capital
Superdry has announced that it has secured a secondary lending facility of up to £25 million (€29m) from Hilco Capital, a London-based firm that specializes in restructuring and refinancing other companies. The fresh funding is supposed to help accelerate Superdry’s turnaround plan and cost-cutting program. The arrangement with Hilco is ...
-
News briefsNew technology aims to reduce size-related returns in e-commerce
A Munich-based startup, Sizekick, has launched a new technology to help brands and retailers reduce size-related returns in e-commerce, along with strategic partner and investor Hohenstein. The newly developed sizing AI is now celebrating market entry, with the technology available for fashion e-commerce stores, with successfully acquired customers including the ...
-
News briefsAlibaba partners with CommerceHub to support European expansion
Miravia, a Spanish marketplace that is part of Chinese group Alibaba, is partnering with CommerceHub, a commerce network with headquarters in Latham, New York. The partnership involves integrating CommerceHub’s e-commerce platform with Miravia’s operations. CommerceHub connects more than 40,000 retailers and brands globally, transacts around $50 billion in gross merchandise ...
-
News briefsFitness start-up Rolla raises €6.3 million in seed round
Bosnia and Herzegovina-based fitness tech firm Rolla has announced that it has raised €6.3 million in a seed funding round as it plans to launch in 2024. The round was led by Croatian entrepreneur Mate Rimac, CEO of Rimac Group, and Romania-based Hellen’s Rock, the family office of Superbet founder ...
-
News briefsAllbirds’ Q2 operating loss rises slightly
Allbirds, which continues to move forward with its “strategic transformation plan” announced in March, intends to complete distribution agreements with partners in Canada and South Korea during H2. In Q2, the operating loss was $29.6 million against an operating loss of $29.3 million in the period ended June 30. ...
-
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 ...
-
News briefsLatest Puma limited edition inspired by tourist destination
Puma has partnered with Sport 2000’s content platform Sneaker Force to bring out the first collection dedicated to a tourist region: The Black Forest region of Germany. The idea of a limited edition was initiated jointly by Sport 2000 and the tourism marketing agency Saint Elmo’s Tourism and its client ...
-
News briefsJD Sports hits landmark number of stores
JD Sports has opened its 400th store in the UK, with a new location at Kingsway Retail Park, Derby. In Feb. of this year, JD Sports Fashion revealed plans to grow its revenues and margins by double digits over the next five years, including a rapid store expansion, under a ...
-
News briefsQuiksilver GM resigns
Quiksilver’s Global GM Brad Blankinship has resigned his position and will exit the Boardriders Group next Friday. Blankinship has held the role since Nov. 2021, having previously led RVCA for two years. In a LinkedIn post, Blankinship writes: “I was fortunate to work with some amazing people at Quiksilver and ...
