News Briefs – Page 134
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News briefsNike introduces new ReactX foam cushioning and the first sneaker to feature it
Source: Nike The new Nike ReactX foam is making its debut in the new Nike InfinityRN 4 running shoe. Compared to Nike React foam, the new ReactX foam is engineered to cut down its carbon footprint in a pair of midsoles by at least 43 percent thanks ...
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News briefsJordan Brand Jumpman appears on a WNBA uniform for the first time
The Jordan Brand Jumpman emblem appeared for the first time on a Women’s National Basketball Association (WNBA)’s uniform during the 2023 WNBA All-Star Game in Las Vegas on July 15. The logo appears on the chest of the jerseys and underscores the commitment of the Jordan Brand, jointly run by ...
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News briefsICC announces equal prize money for men’s and women’s teams in cricket
The International Cricket Council (ICC) has announced that men’s and women’s teams will receive equal prize money at ICC events. The historic decision was taken at the ICC Annual Conference in Durban, South Africa, ”well ahead” of the 2030 scheduled deadline that had previously been set for that objective. Teams ...
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News briefsChina Dongxiang increases Chinese Kappa sales in Q1
China Dongxiang, which has been publicly traded for 15 years and holds the rights to the Kappa brand in China, announced that retail sales at its Kappa and Kappa Kids stores - 1,020 doors at the end of the quarter, a decrease from the previous quarter of five stores - ...
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News briefs11teamsports acquires Kickz
11teamsports, one of Europe’s leading team sports specialists for products and team services, has acquired basketball and streetwear retailer Kickz. Kickz was founded in Munich in 1993 and is a multi-brand retailer specializing in basketball and sneakers. Zalando purchased Kickz in 2017 and sold it in late 2019 to Play ...
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News briefsLotto extends partnership with AC Monza
Lotto Sport Italia and Italian football club AC Monza have announced an extension of their partnership agreement until and including the 2025/26 season. The partnership between the sportswear brand and the club has been in place since the 2019/20 football season. Founded in 1912, AC Monza currently competes in Serie ...
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News briefsWestfield becomes a shopping destination for Paris 2024 official products
The Paris 2024 Organizing Committee for the Olympic and Paralympic Games (OCOG) has announced Westfield, part of the Unibail-Rodamco-Westfield (URW) group, as an official supporter of the Games, the third level in its national marketing program. Westfield has eight shopping centers in France, located in Ile-de-France, Lyon and Lille. Paris ...
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News briefsLe Coq Sportif reportedly seeks €30 million in equity financing
In March 2020, Le Coq Sportif secured an agreement to supply apparel for the French Olympic and Paralympic teams for the Paris 2024 Games. The brand was awarded the kit deal as a result of an apparel supplier tender that was issued in September 2019. Three years later, and just ...
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News briefsFrance’s new money-back scheme aims to encourage repairs
In its continuing bid to clean up the fashion industry, France is once again leading the way with legislation to encourage a more circular form of ownership. This week, Bérangère Couillard, the Secretary of State for Ecology, announced that individuals will be able to claim back between €7 and €25 ...
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News briefsAre there similarities between football and chess?
Puma has announced a collaboration between five-time world chess champion Magnus Carlsen and professional footballer Christian Pulisic. The two athletes met on a football field to talk about the differences and similarities between chess and football. Similarities? Well, the conversation actually shows that there are many things that are relevant ...
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News briefsGarmin begins labeling compatible products in showrooms
Garmin has instituted a program for retailers called “Garmin Ready.” The idea is to label e-bikes with that very phrase so as to inform prospective customers that the bikes are set up for wireless data exchange with a Garmin device, such as a GPS or smart-watch, and can display things ...
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News briefsFIP expands by eight
At its recent general assembly the International Padel Federation (FIP) raised its total of countries represented to 71, thanks to the addition of eight: Slovakia, Montenegro, Kosovo, Luxembourg, Kazakhstan, Azerbaijan, Tunisia and Venezuela. Slovakia has established national men’s and women’s teams, built its National Padel Centre (with bi-weekly tournaments) in ...
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News briefsFootway continues to lose in Q2, Scandinavian market remains difficult
As reported by ehandel.se, the Swedish e-commerce company Footway posted net sales of SEK 240 million (€20.9m) in Q2 of this year, down 15 percent from SEK 283 million (€24.7m) in the same period last year. Just like in the previous quarter, the loss was owed to negative performance in ...
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News briefsOnline boost at Forum Sport for first five months
Forum Sport, which operates under the Forum Sport and Dooers banners, generated a 5 percent year-on-year rise in sales during the first five months of its current financial year, running from Feb. 1 to June 30. Speaking with CMDsport, the Spanish retailer’s Chief Executive, Diego Llorente, has attributed the near ...
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News briefsDecathlon Spain tops €2bn in FY sales
With the value-added tax (VAT) included, Decathlon Spain exceeded €2 billion in sales – reaching €2.106 billion, to be exact – over the course of FY 2022, for a rise of 3.54 percent year-on-year, according to Diffusion Sport and TradeSport alike. Net profit amounted to €100 million. Online sales accounted ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsIrving is Anta’s new Chief Creative Officer, signs 5-year deal
A month ago, we wondered if Kyrie Irving had signed a deal with Chinese sporting goods manufacturer Anta. Now we have clarity, as it has been announced that the Dallas Mavericks guard has agreed to a five-year shoe deal with the brand. A statement from Anta says Irving’s signature shoes ...
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News briefsWolverine Worldwide amends credit facility
The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...
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News briefsNike and Inter Milan extend partnership through 2031
Nike and Italian Serie A football club F.C. Internazionale Milano (“Inter”) have announced a new contract that will run until 2031. The partnership has been in place since 1998, one of the longest-lasting in European football. The new contract is reportedly worth €29 million – €26 million plus up to ...
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News briefsTennis HoF goes digital
With the help of Infosys, the International Tennis Hall of Fame (ITHF) has instituted a metaverse. Visitors can peruse holographic statues of the greats (Navratilova, Laver, King, Ashe, Vergeer et al.), virtual artifacts (a racquet of Stefanie Graf’s from her Golden Slam of 1988, a dress of Serena Williams’s from ...
