News Briefs – Page 156
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News briefsAsics recognized by CDP for its sustainability efforts
For the fourth consecutive year, Asics Corp. has been awarded a position on the Supplier Engagement Leaderboard by CDP. Headquartered in Brussels, CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Asics has been recognized for ...
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News briefsSSU eyes return to profitability in FY24
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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News briefsWolverine Worldwide names new chairman, directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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News briefsHanesBrands appoints president for Champion Europe
Source: Business Wire Lorenzo Moretti, new President of Champion Europe HanesBrands announced that Lorenzo Moretti has been appointed president of Champion Europe, effective July 2023. Moretti will lead Champion Europe’s direct-to-consumer business and build on the company’s strong position in wholesale channels. The focus is on growing ...
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefsAdidas partners with Rheon for new high-tech workout apparel
Source: Adidas Adidas Techfit Control with Rheon super polymer For Spring/Summer 23, Adidas is launching the new Adidas Techfit Control apparel line in collaboration with Rheon Labs, the company behind Rheon, an energy-absorbing “super polymer.” The latest high-tech collection combines Adidas’ material constructions with the intelligent polymer ...
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News briefsTrusTrace with first hire in the U.S.
Source: TrusTrace Apurva Bhargava, new Head of U.S. Operations TrusTrace, a Swedish SaaS company that provides a product traceability and compliance platform for retail and fashion companies, has announced its first hire in the U.S. with the appointment of Apurva Bhargava as head of U.S. operations. Bhargava’s ...
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News briefsAdidas launches soccer shoes with Parley to help reduce plastic waste
Source: Adidas Mapi León In collaboration with Parley for the Oceans, Adidas has released a soccer shoe pack with three Adidas x Parley footwear franchises: Predator Accuracy, X Speedportal and Copa Pure. The three models are the first to be made partly from Parley Ocean Plastic, re-imagined ...
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News briefsAnta wants shares to also be traded in Chinese currency
Anta Sports Products is applying for approval from the Hong Kong Stock Exchange to allow its shares also to be traded in the Chinese yuan renminbi (RMB) currency besides the Hong Kong dollar under the dual counter model. The group said the change would be beneficial by allowing shareholders and ...
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News briefsYKK is a leader in supplier engagement, increases environmental efforts
Japanese YKK Corporation has been selected as a “supplier engagement leader,” the highest score on the 2022 Supplier Engagement Report (SER) from CDP for the first time. CDP is an international environmental non-profit focused on measuring and reporting companies’ environmental impact (it also published a global supply chain report and ...
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News briefsCheers to Jake: The Burton Mine77 x Underberg collab
We had to read twice to make sure it wasn’t April’s Fools Day yet, but Burton Snowboards unveiled a story on March 16 that most of us probably didn’t know about the late Jack Burton: “It could be argued that Jake enjoyed an Underberg on more mountains ...
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News briefsInfantino re-elected as FIFA president
Gianni Infantino has been elected FIFA president for the third time overall and will thus remain in office for another four years. The vote was held by acclamation at the BK Arena in Kigali, the Rwandan capital, meaning delegates showed their approval by applauding. Infantino was the only candidate. The ...
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News briefsBeachbody’s connected fitness sales tumble
U.S.-based subscription health and wellness company Beachbody’s connected fitness sales fell 87 percent in Q4 to just $4.75 million, down from $36.80 million a year ago. For the full year, revenue fell 11 percent from $42.74 million to $38.19 million. The cost of sales still far exceeds revenue, with $10.54 ...
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News briefsCastore agrees its first deal with a national football team
British sportswear brand Castore is the new kit manufacturer of the Football Association of Ireland (FAI). The multi-year agreement will run from this month until 2028, with the new home kit revealed on March 20. Castore is replacing Umbro, whose contract with the FAI was actually due to expire in ...
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News briefsA second edition for Italy’s sports textile industry show Texstile
The second edition of Texstile – Italian Action Style, an event dedicated to the Italian sports textile industry, will take place at the Palavela in Riva del Garda, Italy, on May 22-23. The inaugural show in 2022 attracted more than 200 business operators, invited by 20 exhibitors, of which 90 ...
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News briefsK-Way will outfit France’s team at the 2024 America’s Cup
K-Way will sponsor the newly formed Orient Express team, which is set to represent France at the 37th America’s Cup in Barcelona next year. K-Way is owned by Turin-based BasicNet, which is also the parent company of Superga, Kappa and other brands. K-Way will provide the competition gear as well ...
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News briefsTikTok considers separation from Chinese parent
The short video service TikTok wants to pre-empt a possible ban in the U.S. and Europe and is considering a separation from its Chinese parent company ByteDance. As U.S. media have reportedly learned from insiders, corresponding plans are being discussed in the social media portal’s executive suite. The separation is ...
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News briefsNike will stop using kangaroo leather this year
Nike will stop making any product with kangaroo skins this year, the company said in a statement on March 13. The announcement comes on the heels of rival firm Puma saying it will replace “k-leather” in football boots with a synthetic vegan alternative, meaningfully called “K-better,” as we reported earlier ...
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News briefsSports Direct criticized for camera surveillance in stores
As the Daily Mail reports, Sports Direct has recently begun using facial recognition cameras that scan customers’ faces and check them against a database of suspected criminals. Frasers Group, which owns Sports Direct and is controlled by billionaire Mike Ashley, found itself compelled to do so after police stopped arresting ...
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News briefsNew store and retail concept for Peak Performance
The Swedish outdoor brand Peak Performance has opened a 180-sqm store in Innsbruck, Austria, with a new retail concept including care and repair services. As well as offering maintenance advice and professional wash services, the store opening also marks the Austrian launch of Peak Performance’s second-hand initiative, Wear Again (previously ...
