News Briefs – Page 146
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News briefsJD Group appoints new CFO
JD Sports Fashion Plc has announced the appointment of Dominic Platt as its new Chief Financial Officer and as a member of the Board. Platt is expected to join the JD Group later this year. Platt is currently CFO of BGL Group, one of the UK’s leading digital distributors of ...
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News briefsYue Yuen Q1 results impacted by soft global footwear demand
High inventory levels across the industry coupled with softer global footwear demand negatively impacted Q1 results at Yue Yuen. Ebit fell by 32.2 percent to $65.9 million from $97.1 million for the period ended March 31. Net profit attributed to the company declined by 42.6 percent to $50.8 million from ...
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News briefsWorld Athletics and the WFSGI to deepen collaboration
The World Athletics and the World Federation of Sporting Goods Industry (WFSGI) have signed a Memorandum of Understanding (MoU) to continue and strengthen their collaboration. (L) Sylvia Barlag, World Athletics Council Member and Co-Chair of the Shoe Working Group and (R) Robbert de Kock, President and CEO of ...
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News briefsPou Sheng’s Q1 benefits from China recovery
Helped by the gradual recovery of in-store traffic and an acceleration in its digital business, Pou Sheng Intl. reported a 71.0 percent increase in Q1 operating income to yuan renminbi 332.7 million (€43.8m) from RMB 194.5 million as the operating profit margin increased by 220 basis points to 5.7 percent ...
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News briefsUnder Armour wins trademark lawsuit
Under Armour has won a trademark infringement lawsuit against Aditya Birla Fashion and Retail Ltd. Under Armour filed the lawsuit after it came across the defendant using the logo “Street Armor” on sports apparel. The Delhi High Court ruled that logos and motifs used by Aditya Birla Fashion and Retail ...
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News briefsNike announces new board member
Nike, Inc. has announced a new member of its Board of Directors, Maria Henry. Henry was Chief Financial Officer of Kimberly-Clark Corporation from April 2015–April 2022, and served as Executive Vice President and Senior Advisor of Kimberly-Clark Corporation from April 2022 until her retirement in September 2022. Prior to ...
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News briefsAdidas strikes deal for “gated” blockchain products
Through its /// Studio (read: three stripe studio), Adidas has struck a three-year deal with Tokenproof, which will authenticate blockchain tokens for the Adidas Confirmed app. The arrangement will provide an in-app checkpoint through which only holders of the NFT collection ALTS by Adidas can purchase certain ...
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News briefsAllbirds reports wider loss but outlines cost-saving measures
Having already revealed plans to slow the pace of U.S. store openings and a movement to a distributor model in key international markets, Allbirds reported a Q1 net loss of $35,166,000 against a loss of $21,878,000 for the period ended March 31.
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News briefsGrupo SBF adjusted Ebitda rises by 11.1 percent
Grupo SBF, the operator of Brazil’s top sporting goods chain in Centauro, posted 11 percent improvement in adjusted Ebitda to 205.9 million Brazilian reais (€38.4m) for Q1 ended March 31. Gross margin increased by 380 basis points to 50.0 percent from 46.2 percent, the highest margin as a group since ...
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News briefsMammut’s partnership with Climeworks continues
After first signing a a “Carbon Dioxide Removal (CDR)” agreement with the Swiss company Climeworks in Feb. 2023, Mammut is continuing its partnership with the direct air capture technology maker via a challenge on its Strava channel. Mammut is calling on members of its Strava club to run a minimum ...
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News briefsBlockchain and NFT sneaker trading marketplace secures $1 million investment
MetaZ Holdings, the owners of the Korean-based sneaker trading marketplace Meta[Z], has announced a $1 million Series A Investment from Pinewood Capital. On the Meta[Z] marketplce, sneakers are traded in the form of NFTs. The platform provides a service called Custody, which receives and stores sneakers in exchange for NFTs, ...
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News briefsFootlocker appoints former Nike exec. to WSS role
Foot Locker, Inc has announced the appointment of Blanca Gonzalez as Senior Vice President and General Manager of WSS, its banner which focuses on the Hispanic market in the US, effective May 15, 2023. Gonzalez joins Foot Locker from Nike Inc., where she served as Vice President of North America ...
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News briefsNew Oxford Street store for Under Armour
Under Armour is to open a new store on London’s Oxford Street this summer, according to Drapers. The new location comes after the opening of three new stores in England: Two London-based Brand House stores at Westfield Stratford City and Battersea Power Station, as well as a flagship store in ...
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News briefsIntersport restructures category and supplier management teams
As part of its growth strategy, Intersport has announced restructured Category Management and International Supplier Management and Strategic Purchasing teams, including a new hire. Tim Bielohoubeck is to be the new Head of International Supplier Management and Strategic Purchasing. Darius Zamani-Achtiani will join Intersport to head up the Category Management ...
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News briefsGildan Activewear’s sales are down 9% in Q1 but in line with expectations
Montreal-based apparel maker Gildan Activewear has announced net sales of $703 million for the first quarter ended April 2, 2023, representing a 9 percent decrease year-over-year. The company said that the sales drop reflected anticipated headwinds connected with the current demand environment and strong comparative periods in the first half ...
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News briefsDawn of the blockchain sports prize
The winners of the Internazionali BNL d’Italia tennis tournament, scheduled for May 8-21, will be taking home “phygital” (physical + digital) trophies. Each trophy will, in other words, have an embedded NFC chip linked to an NFT, which will serve to inscribe the victory on the blockchain. This will, in ...
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News briefseBay Ventures invests in U.S. marketplace for new and used sporting goods
SidelineSwap, a U.S. online marketplace for new and used sporting goods, today announced a strategic investment from eBay Ventures, the corporate venture arm of eBay Inc. Founded in 2015, SidelineSwap enables the resale of sporting goods through both its peer-to-peer online marketplace and its trade-in partnerships with retailers and brands. ...
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News briefsDecathlon Italy celebrates its 30th anniversary
Founded in France in 1976, Decathlon is present today in more than 70 countries with 105,000 employees, and has been present on the Italian market since 1993. The company has 145 stores, four warehouses, two production sites and a staff of over 8,000 people in Italy alone. In addition, the ...
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News briefseBay’s latest appointment reflects its hope for potential in global emerging markets
eBay has announced the appointment of Vidmay Naini as General Manager for its Global Emerging Markets region, which includes Southeast Asia, India, Eastern Europe, Israel, Middle East, Africa, and Latin America; markets that eBay believes have a high potential for e-commerce export growth. The move is part of the global ...
