News Briefs – Page 161
-
News briefsFitnessBoutique introduces an exercise bike made in France
FitnessBoutique is introducing an exercise bike manufactured in France, Sport Guide has reported. French-based FitnessBoutique, part of N4Brands, is a retail company specializing in fitness equipment and food supplements that sells both online and offline. The new home bike, which will start retailing in March, is dubbed André Martin after ...
-
News briefsBT Sport to be renamed TNT Sports, Eurosport follows in the UK and Ireland
BT Sport will change its name following the merger with Warner Bros Discovery last year. The two companies formed a 50:50 pay-TV sports joint venture in September 2022. TNT Sports will take over BT Sport’s live offerings in July. Starting in 2023/24, the Premier League matches will be broadcasted on ...
-
News briefsDecathlon promotes Javier López to chief global value chain officer
Decathlon has appointed Javier López as chief global value chain officer. López has been with the company for over 23 years, holding executive roles and positions in logistics, IT and retail. For the past seven years, he served as CEO of Decathlon Spain. This role will be taken over by ...
-
News briefsVF Corp. prices €1 billion Eurobond offering
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
-
News briefsThe market for golf equipment will continue to grow, albeit at a slower pace
According to a recent 171-page report by Technavio, titled “Global Golf Equipment Market 2023-2027,” the global golf equipment market is forecasted to grow by US$1,418.41 million from 2022 to 2027. While the market size is growing, however, the growth momentum will decelerate during this forecast period, with a decline of ...
-
News briefsNational Cycling League enters strategic partnership with Wahoo Fitness
The U.S. National Cycling League (NCL) announced a two-year strategic partnership with endurance athlete fitness technology company Wahoo Fitness. The NCL’s two mixed professional cycling teams – the Denver Disruptors and the Miami Nights – will train and compete exclusively with Wahoo products and software. In addition, Wahoo will sponsor ...
-
News briefseBay reports better-than-expected Q4 results
eBay Inc. has published the financial results for the fourth quarter – again reporting negative revenue growth – and fiscal year ended Dec. 31, 2022. “In 2022, we made significant progress on our multi-year strategic journey,” said Jamie Iannone, CEO of eBay. “Our focus category playbook continues to drive the ...
-
News briefsGlobe Intl. eyes H2 for improved profitability
Australian company Globe Intl. reported an after-tax net loss of A$0.2 million versus a profit of A$12.5 million for its H1 ended Dec. 31 as revenues declined by 16 percent to A$120.5 million (€77.5m). Ebit came in at A$0.9 million, or 0.7 percent of sales, significantly below the 12.7 percent ...
-
News briefsPou Sheng Intl. warns on record FY profit drop
The Yue Yuen retail unit blames an expected annual profitability decline of 75 percent to 89 million yuan renminbi (€12.2m) on “weak foot traffic and soft consumer sentiment” in China throughout 2022 due to the country’s pandemic control measures. Pou Sheng’s FY22 revenues are forecast to come in 20 percent ...
-
News briefsGant celebrates its sportswear heritage
American clothing and fashion sportswear brand Gant is celebrating its heritage with a traveling archive exhibition, starting in New York. It will highlight the history of one of America’s first sportswear brands, exploring its contribution to the fashion industry and showcasing some iconic pieces from 1949 to the present day. ...
-
News briefsMP Activewear premiers HIIT-collection with Polygiene
U.K. company MP Activewear is launching a new high-intensity interval training (HIIT) collection featuring the Polygiene Stayfresh technology. The gym apparel range called Tempo Ultra aims at customers looking for high-performance fabrics, a bold look and the bonus of skipping washes due to the anti-odor treatment by Polygiene. ...
-
News briefsAlibaba reports improved results despite challenges
Despite softer demand and supply chain and logistics disruptions, Alibaba Group reported revenue and profits for Q3 that exceeded Wall Street estimates. Revenues increased by 2 percent to 247.8 billion yuan renminbi (€34.1b) from RMB 242.6 billion for the period ending Dec. 31. The Chinese e-commerce behemoth said in a ...
-
News briefsSkechers reveals a new fashion collaboration
Skechers has teamed up with style icon Diane von Furstenberg of luxury fashion brand DVF for Skechers first-ever footwear and apparel collab. Skechers x DVF features Furstenberg’s signature prints and bold colors and launches with the Endless Kisses capsule featuring the DVF “Lips” print. Source: Business Wire ...
-
News briefsStrong year-end performance for Björn Borg
Sweden-based Björn Borg reported net sales of SEK 198 million (€17.9m) for the fourth quarter of 2022 (October-December), compared to SEK 181 million in the corresponding quarter of 2021. Proprietary e-commerce and e-tailer sales increased a total of 21 percent to SEK 77 million (€6.96m), continuing the strong upward trend ...
-
News briefsFabletics takes its performance wear expertise into medical apparel
Active lifestyle apparel brand Fabletics has released a line of activewear scrubs, bringing performance wear to the medical apparel category in what Fabletics is calling a world-first crossover. The range of twelve pieces includes tops, bottoms, underscrubs and jackets for men and women and is available in eight colorways. Each ...
-
News briefsDecathlon rents more retail spaces from Kaufland
German retailer Kaufland, who acquired over 100 Real supermarket locations in Germany, is now leasing space to Decathlon at more and more of its former German Real locations. To date, a combination of the Kaufland supermarket and Decathlon stores are to be found at six locations in Germany. In a ...
-
News briefsMLS and Adidas announce multi-year partnership extension
Major League Soccer (MLS) and Adidas have announced a multi-year extension of their partnership. Under the multi-faceted agreement, Adidas will continue to be the official outfitter of the U.S./Canadian football league, its clubs and youth academies. The brand will pay €780 million over the next seven years to continue as ...
-
News briefsUnibet starts sponsoring amateur basketball in France
Kindred Group’s sportsbook brand Unibet has generalized the name of its sponsorship program in France from #AuCoeurDuFootball to #AuCoeurDuSport (literally “in the heart or core of sport”). This year, the program will be supplying kits and other equipment (worth about €2,500 per club) to some 400 amateur clubs – 100 ...
-
News briefsThe Athlete’s Foot FY sales jump by 10%, set to introduce new concept
The 550-door chain The Athlete’s Foot (TAF) and affiliated websites across 30+ countries grew its year-over-year global retail revenues by 10.3 percent in 2022 to $555 million, parent Arklyz Group reported, despite a difficult retail environment that was impacted by rising inflation, supply chain challenges, and socioeconomic and political unrest. ...
-
News briefsJD Sports aims to crack U.S. market with store expansion blitz
JD Sports Fashion is looking to expand its U.S. store network to around 800 over the next five years as it aims to convert half its Finish Line outlets – the sportswear chain acquired in 2018 – into JD-branded shops, under plans outlined by new chief executive Regis Schultz. The ...
