News Briefs – Page 152
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News briefsCrocs expands partnership with designer Salehe Bembury
Source: Chaymin Jay Barut Salehe Bembury Crocs and industrial designer Salehe Bembury announced a two-year partnership in which the visionary designer will serve the brand as creative director of the Crocs x Pollex Pod collection. He will work with the team to further develop his signature ...
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News briefsNike appoints new EVP, chief communications officer
Source: Nike KeJuan Wilkins KeJuan Wilkins, Nike’s vice president of enterprise communications, will become the company’s new executive vice president and chief communications officer (CCO). He succeeds Nigel Powell, the company’s longtime EVP, chief communications officer, who will retire this summer. Powell joined Nike in 1999 and ...
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News briefsU.S. chain Shoe City files for bankruptcy after failed acquisition by Arklyz
In the summer of 2022, Swiss retail group Arklyz, the owner of The Athlete’s Foot, announced plans to purchase Baltimore-based retail chain Shoe City from ESCO Ltd, which consists of about 40 retail stores, but the deal never materialized and the U.S. retailer has now filed for bankruptcy. Shoe City ...
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News briefsSnipes celebrates 25th anniversary with namesake Hollywood star
What was once a streetwear store in Cologne is now a global chain with nearly 700 stores around Europe and the U.S.: Snipes is celebrating its 25th anniversary and has brought its namesake Wesley Snipes on board to party. In a one-and-a-half-minute spot, the actor reviews the retailer’s development and ...
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News briefsFanatics acquires football retail business EPI, renames it Fanatics Italy
Fanatics, a leading global digital sports platform, announced the completion of its acquisition of EPI, an Italian sporting goods company that operates the official online and retail stores of several top Italian soccer clubs and international sports brands. Milan-based EPI, soon to be renamed Fanatics Italy, provides complete end-to-end e-commerce, ...
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News briefsTechnogym announces partnership with Paris 2024
Technogym has become Official and Exclusive Supporter of cardio, strength and functional training equipment for the athletic preparation of the athletes who will compete in the Paris 2024 Olympic and Paralympic Games. The Italian fitness equipment brand will equip 29 training centers in Paris for the athletes to train prior ...
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News briefsAmazon releases Brand Protection Report
Amazon has released its third annual Brand Protection Report to highlight its own progress in four key areas: controls to protect its store; tools to protect brands; holding bad actors accountable; and protecting and educating customers. Of particular note for sporting goods companies, Amazon reports expanded brand protection tools for ...
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News briefsPuma launches made-in-France collection with Intersport
Customers of Intersport France will soon be able to buy Puma apparel entirely designed and manufactured in France. It is Puma’s first collection for men and women wholly made in France. The range comprises 13 styles: T-shirts, sweatshirts, women’s leggings, unisex jogging pants and men’s running shorts. The 21,000 items ...
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News briefseBay and Hatch Enterprise unveil U.K.-based Sneaker Academy
eBay is teaming up with Hatch Enterprise, a London-based entrepreneur accelerator, to launch the Sneaker Academy, a program designed to help young people turn their passion for sneakers into their own online business. The free 14-week program, targeted at young sneakerheads from under-served communities, hopes to transform reselling passion projects ...
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News briefsNike partners with Mexico’s Liga BBVA MX Femenil
Nike has announced a three-year deal with Liga BBVA MX Femenil, the highest division of women’s football in Mexico, as part of its commitment to grow women’s football worldwide. The new agreement makes Nike the exclusive sports partner of Liga BBVA MX Femenil. Starting in the Torneo Apertura 2023 season, ...
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News briefsMacron posts double-digit sales growth
Italian teamwear brand Macron has announced sales of €169.9 million for the year ended Dec. 31, 2022, representing a 36.5 percent increase on the previous year at the core business level (net of personal protective equipment project) and “a growth never achieved before,” the company said. Compared to pre-Covid levels ...
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News briefsDecathlon turnover rises 12%, beating IIC’s 2022 results
French sporting goods retailer and manufacturer Decathlon continued its global growth in 2022. Despite an “unstable global economic and geopolitical context,” according to CEO Barbara Martin Coppola, turnover rose by 12 percent compared to 2021 to €15.4 billion. Online sales now account for 17 percent of the total turnover (after ...
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News briefsFitFlop obtains new $30 million long-term revolving credit facility
London-based Aurelius Finance Company announced that it has provided FitFlop, a footwear company also based in London, with a new $30 million five-year revolving credit facility to support the company’s long-term growth objectives. Aurelius Finance Company, a member of the Aurelius Group, is an independent secured lender providing asset-based financing ...
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News briefsSpanish retailer to leave Intersport
Deportes Alvarado will be severing its ties with the Intersport Spain buying group on Oct. 31, according to CMDsport. This is its 50th anniversary year, and it has been with Intersport for about half of its existence. “We are not leaving Intersport over any difference or dispute with the group,” ...
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News briefsAsics launches new campaign targeting exercise gender gap
Asics has launched a global campaign highlighting the power of exercise to help women cope with everyday stresses. The campaign was developed in response to the Asics 2022 State of Mind Index, which revealed that globally, women tend to exercise less than men and, as a result, do not get ...
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News briefsRecovery in consumer sentiment in Germany falters
After five months on an upward trend, the recovery in consumer sentiment in Germany weakened in April. This is revealed by the latest consumer barometer of the German Retail Association (HDE). According to this, the index remained almost at the level of the previous month of March. According to the ...
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News briefsAdministrative changes to come at El Corte Inglés
El Corte Inglés and labor representatives have agreed to a plan, according to Diffusion Sport, to reorganize the retailer’s central and regional administration so as to increase the efficiency of operations. Affected by the changes will be some 2,100 employees. The plan is intended to maintain employment but also to ...
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News briefsAmazon marketplace far ahead of the competition worldwide
Amazon’s marketplace receives four times as many annual visitors (4.810 billion) as its nearest competitor in the field of third-party sales, eBay, according to Diffusion Sport, which has reviewed several figures from Statista. In fact, the Amazon marketplace’s visitor total is higher than that of its ten biggest competitors combined. ...
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News briefsZalando plans to reduce its brand portfolio
Zalando is planning to scale down its global brand assortment in order to increase the relevance of its assortment. “In the beginning, Zalando was all about unlimited choice. This was a bold vision. And for a long time, this assortment span was one of our strongest selling points and exactly ...
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News briefsUnder Armour opens new brand house in London
Under Armour has announced the opening of a new Brand House at Westfield Stratford City in London. This comes after the company reported a significant growth in the EMEA region in the third quarter of FY23. The company’s quarterly sales increased 32 percent (46% in constant currency). The deal is ...
