News Briefs – Page 164
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News briefsSustainability less of a priority in German purchases
The latest GfK Sustainability Index shows that consumers in Germany are planning fewer purchases based on sustainability in the near future. The index for January 2023 now stands at 93.3 points, 6.7 points less than the average for 2022. The index shows the importance of sustainability aspects in consumer purchasing ...
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News briefsStrava CEO steps down for a second time
Strava’s co-founder, Michael Horvath, is stepping down from the CEO role for a second time. Horvath co-founded the platform with Mark Gainey in 2009. He left the helm in 2013 to support his wife when she battled cancer, then returned in 2019. “I have decided that Strava needs a CEO ...
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News briefsCompliance & Risks and WFSGI launch Mastering Labelling Compliance Series
Compliance & Risks (C&R) and The World Federation of the Sporting Goods Industry (WFSGI) have launched a “Mastering Compliance” fireside chat series. The series will discuss various compliance labeling challenges and product stewardship best practices with leading apparel industry experts. Themes include: Staying on top of upcoming regulatory changes; communicating ...
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News briefsAdidas launches a new footwear design tournament
Adidas has announced the launch of a new Consortium Cup – a four week footwear design tournament, with 16 of the world’s most iconic sneaker stores going head to head for the chance to be crowned champions. Organized in knockout format, the Consortium Cup includes sneaker stores Overkill, Nice Kicks, ...
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News briefsSecond-hand isn’t second best, says Unidays fashion report 2023
Unidays, a digital marketplace for student discounts and a networking platform, has conducted a new study among 3,279 of its (27 million worldwide) users in the U.S., U.K., and Australia. As Unidays is a student-only offering, the company connects with a purely Gen-Z target group. The Unidays Fashion Report 2023 ...
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News briefsSweden considers 2030 Winter Olympics bid
The Swedish Olympic Committee (SOK) has announced that it has started “a preliminary study” to consider a potential bid for the 2030 Winter Olympic and Paralympic Games. SOK acting vice president Hans von Uthmann will head the feasibility study’s steering group. The committee is planning to release an interim report ...
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News briefsCastore is reportedly in talks for $200m fundraising
Castore, the Manchester-based sportswear brand backed by Andy Murray, is reportedly in talks with investors about a $200 million round of fundraising to support its expansion, according to a report by Sky News. The company has begun initial talks with prospective investors ahead of a formal process later this year, ...
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News briefsBasicNet posts 34% sales growth in 2022
BasicNet, the Italian parent for the Kappa, K-Way, Superga and Sebago brands, has reported preliminary results for 2022. Final results are due for release on March 9. Group brands’ aggregate sales rose 34.1 percent year-over-year to €1.27 billion in 2022. Commercial licensee and direct aggregate sales grew by 27 percent ...
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News briefsGoldwin raises guidance after record results in first nine months
Goldwin, the Japanese sports apparel company that also distributes a portfolio of own and licensed brands in certain regions, raised its guidance for the full year ending March 31, 2023, after posting record results for the third consecutive quarter. Sales are now projected to reach 113,500 million yen (€808.4m), up ...
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News briefsSkechers to open new stores in Jerez and Valencia
Skechers is planning to open new stores in the Spanish cities of Jerez de la Frontera and Valencia this year, according to Palco23. The store in Jerez will have a surface area of 256 square meters while the one in Valencia, within the Bonaire Outlet shopping mall, will have a ...
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News briefsPuma joins Zero100
Puma has joined Zero100, a community of industry leaders that aims for a zero percent carbon, 100 percent digital supply chain. Zero100 has dual headquarters in London and New York City. Puma’s move comes after the company announced significant carbon emission cuts last year. In 2022, Puma announced that it ...
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News briefsRihanna wears Salomons for Superbowl show
Singer Rihanna wore Salomons as she performed a highly-anticipated set for the famous half-time show at the 2023 Super Bowl LVII. The distinctive red sneaker worn by the megastar is part of a November 2022 collaboration between fashion brand MM6 Maison Margiela and Salomon. The MM6 Maison Margiela x Salomon ...
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News briefsNew proposal seeks to revamp the European Super League concept
A22 Sports Management, a consultancy hired by the Super League Company, has presented a 10-point “manifesto” for revamping the European Super League (ESL) concept. A22 previously backed a 12-club ESL proposal in 2021, which did not materialize due to multiple protests against it. The new proposal would be for an ...
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News briefsSnipes now has a COO
Peter Buse has been appointed chief operating officer of Snipes, a new role at the Cologne-based sneaker and streetwear retailer. Most recently, Buse held the same role at Momox, from July 2019 to July 2022. He previously worked at Netrada, also as COO, and at Arvato as logistics manager. This ...
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News briefsBeyoncé’s Adidas line is reportedly struggling
Revenues from Ivy Park, Beyoncé’s clothing line with Adidas, fell by more than 50 percent last year, the Wall Street Journal (WSJ) has reported. According to documents obtained by the newspaper, Ivy Park posted around $40 million in sales in 2022, compared with $93 million in 2021, and in sharp ...
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News briefsJoint FIFA 2030 World Cup bid from Argentina, Chile, Paraguay and Uruguay
During a ceremony at the Argentine Football Association (AFA) on Feb. 7, in the presence of Alejandro Dominguez, the president of the South American Football Confederation (CONMEBOL), officials of Argentina, Chile, Paraguay and Uruguay submitted a bid to jointly host the 2030 FIFA World Cup. It will be the event’s ...
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News briefsParis 2024 unveils visual identity
The Organizing Committee for the Olympic and Paralympic Games (OCOG) for Paris 2024 has unveiled the “Look of the Games,” as the committee describes it in a statement. The visual identity of the upcoming Olympics was presented on Feb. 8 in Paris in the presence of Tony Estanguet, president of ...
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News briefsPádel takes the lead in Catalonia
The battle of racquet sports is hot in Catalonia, according to CMDsport. Back in 2019, for the first time, the ranks of the Catalonian Pádel Federation swelled past those of the Catalonian Tennis Federation. Tennis surged again thereafter but has since fallen behind again. For the past two years the ...
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News briefsUnder Armour announces three new brand stores in Britain
After reporting 33 percent growth in the EMEA region earlier this week, U.S. brand Under Armour (UA) has announced the opening of three new brand-owned stores in the U.K. over the next few months: Liverpool ONE, Liverpool: February Battersea Power Station, London: February Stratford Westfield, London: March ...
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News briefsWolverine sells Keds to North American retailer
Wolverine Worldwide has divested Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million in cash to North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce ...
