News Briefs – Page 168
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News briefsLongtime industry consultant starts own firm
Source: Matt Powell Matt Powell U.S.-based sporting goods and retail industry consultant Matt Powell, who has been serving as a senior industry advisor at The NPD Group, is launching his own consulting and advisory service firm focused on merchandising, marketing and retail called Spurwink River. In October ...
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News briefsGymshark downsizes U.S. headquarters
Gymshark, which has appointed four new senior executives in recent weeks, is shuttering a “substantial portion” of its U.S. headquarters in Denver, Colorado. According to a state regulatory filing that was first reported by the Denver Business Journal, the British fitness community and activewear brand intends to cease most operations ...
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News briefsHanesbrands plans layoffs
Hanesbrands, scheduled to report Q4 results next week, intends to terminate an unspecified number of staff members at its corporate headquarters in Winston-Salem, NC. In a statement to a local newspaper, the apparel firm confirmed a challenging operating environment is prompting the need for the job and other expense cuts.
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News briefsLululemon shares take hit on analyst downgrade
Lululemon shares fell $4.87, or 1.54 percent after a Wall Street analyst downgraded the stock to “underperform” on Jan. 24 and slashed its target price to $290, below the company’s closing price at $311.21. Bernstein analyst Aneesha Sherman suggested the company’s shares have a “reset coming” due to numerous factors ...
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News briefsMore new staff at Elevate Outdoor Collective
Source: EOC Susanne von Hoermann After the rebranding of the group and several executive changes in 2022, Elevate Outdoor Collective (EOC) – the owner of K2, Völkl, Marker, Dalbello, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe, Tubbs Snowshoes and other brands – is heading into ...
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News briefsGfK sees more optimistic consumer sentiment in Germany, but at low level
The rollercoaster ride of news and emotions of recent years continues to shape Germans’ propensity to buy. However, in its consumer climate survey for January 2023, GfK observes German consumers starting 2023 with a little more optimism. Both economic and income expectations are continuing to recover and are rising noticeably. ...
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News briefsDespite the turbulence, Russia's Kant says business was good in 2022
Last year, Russian sporting goods retailer Kant saw an improvement in its operational performance, according to Maxim Vinogradov, owner of Kant. “We see an overall decline in sales on the [Russian sporting goods] market, but thanks to the withdrawal of some competitors, those who stayed see their sales and revenue ...
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News briefsSuper Retail Group gets sued
Fair Work Ombudsman Australia (FWO) last week filed legal proceedings against the retail group over a previously disclosed issue related to overtime pay for its store set-up and renovation teams. The retailer self-reported the matter to the FWO in 2018, subsequently apologizing to the impacted employees and establishing a remediation ...
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News briefsSportmaster launches winter gear rental service
Sportmaster, Russia’s largest sporting goods retailer, has launched a new winter equipment rental service. Available items include snowboards, cross-country skis, skates and field hockey equipment. For example, a Termit Fastlane snowboard with Stream bindings can be rented for 310 rubles (€4.20) per day or 5,850 rubles (€78.70) per month. Nordway ...
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News briefsAdidas might move its Paris store to a more central location
According to Sport Guide, Adidas is considering moving its 2,000-sqm store on Paris’ Champs-Elysées to another location, also on the Champs-Elysées but in a better spot, more visible to pedestrians and tourists. The Avenue des Champs-Élysées in Paris’ 8th arrondissement runs between the Place de la Concorde and Place Charles ...
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News briefsOn unveils global running event series
Swiss sports brand On has announced its own global running event series, called “On Track Nights.” The series will span three continents and five cities. On Track Nights will kick off in Los Angeles with the Track Fest in early May, followed by the Night of 10k PBs in Highgate ...
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News briefsNBA and French government collaborate to promote basketball in France and Africa
NBA commissioner Adam Silver and French president Emmanuel Macron have unveiled a plan to collaborate on various initiatives meant to elevate basketball in France and Africa at all levels. Silver, Macron as well as NBA deputy commissioner Mark Tatum, NBA head of basketball operations Joe Dumars and French Basketball Federation ...
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News briefsMarketmedia expects flat market development for the coming years
Marketmedia24 has launched its new “Branchen-Report Outdoor 2023,” which puts a spotlight on the market development in Germany from the pandemic years 2020 and 2021 to 2022, the latter a year overshadowed by war and inflation. Overall, Marketmedia24 sees 2022 as a year of slightly negative sales numbers (-1.4 percent) ...
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News briefsNew Circularity Gap Report finds that global situation is worsening
Global impact organization Circle Economy has released its latest annual Circularity Gap Report – for the first time this year in collaboration with Deloitte. The report makes for sobering reading, with circularity down from 8.6 percent in 2020 to 7.2 percent in 2023 and the world relying almost exclusively on ...
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News briefsRenfro enters partnership with SaaS provider TrusTrace
The Stockholm-based software provider TrusTrace has won Renfro Brands as a new customer. Renfro is a socks and legwear specialist, working for Merrell, Dr. Scholl, Polo Ralph Lauren and Sperry, among others. Using the TrusTrace platform, Renfro Brands aims to centralize its current supply chain data for continued compliance with ...
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News briefsParkrun wins Brooks as global footwear partner
Brooks, a Parkrun partner in the U.K. and Ireland since 2020, is extending the partnership to all Parkrun territories as the organization’s new global footwear partner and also becoming a presenting partner in the U.S., Netherlands and Germany. Over the past three years, Brooks has visited dozens of Parkrun sites, ...
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News briefsGymshark taps CSCO from Lacoste
British fitness community and activewear brand Gymshark has announced the appointment of Laurent Madelaine as its new chief supply chain officer (CSCO), a new position within the company. Madelaine joins Gymshark after more than five years at Lacoste, where he was EVP of operations for the last three years, responsible ...
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News briefsGo Sport Group brought under judicial supervision by commercial court
On Jan. 19, the Commercial Court of Grenoble placed the Go Sport group, a retailer that operates 223 stores in France, in receivership after having noted its state of cessation of payment. The court said that it “has ascertained the insolvency of the company Groupe Go Sport and launched proceedings ...
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News briefsAsics wants to grow further in India
Asics saw its net revenues in India increase by 42 percent in 2022, bolstered by the post-pandemic running and fitness boom. It was the company’s highest growth globally. The Japanese sportswear brand is now eyeing a 25 percent growth CAGR in the country over the next few years, Asics’ president, ...
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News briefsPadel Trend Expo attracted 18,000 visitors
The first edition of Padel Trend Expo, which was held at Allianz Mico in Milan on Jan. 13-15, attracted more than 18,000 visitors. About a hundred brands and 90 companies had registered for the trade show. A new edition in 2024 has already been confirmed. Padel Trend Expo is organized ...
