News Briefs – Page 22
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News briefsParis 2024 price tag: €6bn
According to the first plan, the sum of €6 billion is three times higher than the original budget.
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News briefsNike settles with The Shoe Surgeon
The court has prohibited The Shoe Surgeon, Dominic Ciambrone, from using Nike branding that could mislead consumers.
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News briefsJD Sports opens first Canadian flagship
The retail chain plans to open 17 more stores in Canada by the end of 2026.
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News briefsLululemon to cut 150 corporate jobs
The move is part of a wider strategic restructuring.
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News briefsAdidas and Juventus FC unveil new ten-year deal
The collaboration began in the 2015/2016 season.
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News briefsJeffery Ma to become the new president for China of Amer Sports
Ma is the current CEO of Chinese group Zhongqiao Sports.
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News briefsWomen’s football to enter global top five sports by 2030, according to new report
The majority of its fan base is projected to be female.
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News briefsCoats Footwear launches Insole Solutions portfolio
The new eco-conscious range is designed for high-performance applications.
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News briefsLululemon downgraded by Morgan Stanley
The downgrade comes as Lululemon’s shares fell 19.8 percent on Friday, June 6.
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News briefsNike partners with Faith Kipyegon on running footwear and apparel
Faith Kipyegon is the most decorated woman middle-distance athlete of all time.
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News briefsMacron grows as its future campus takes shape
Macron’s future is taking shape in Italian Valsamoggia, where the company’s headquarters, Campus, is growing.
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News briefsAmazon closes fulfilment center in Reno, Nevada
The company is currently constructing a same-day delivery facility in the city, which will replace its existing one.
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News briefsNew Balance opens its second store in Sweden
The brand has opened another store, this time in the Mall of Scandinavia shopping center, north of Stockholm.
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News briefsSales up 6.3% at Intersport France for FY24
Online sales were up by 16 percent, thanks to 100 million visits to Intersport’s website and 2.88 million visits to Blackstore’s.
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News briefsPatent dispute between Smith Optics, Burton and Koroyd settled
Three major players have resolved a cross-continental patent dispute, resulting in exclusive licensing rights for one brand.
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News briefsChampion inks NFL deal
Champion has secured the rights to produce licensed apparel for the NFL.
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News briefsJD Sports opens at a classic address in Las Vegas
JD Sports has expanded its worldwide network of flagship stores to include the Las Vegas Strip following its opening on Saturday, June 14.
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News briefsAccelerated growth for Perfect Moment in fiscal Q4
The luxury skiwear and lifestyle brand expects revenues to increase 3% to $5.0 million in the final fiscal quarter ended March 31.
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News briefsFive more cities gets drone delivery from Walmart
Walmart to expand drone delivery to five more cities in the US, which makes it possible to get basketballs and yoga clothes literally from the sky.
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News briefsAdidas Korea has a new Managing Director
Adidas has appointed Marcus Morent as Managing Director of Adidas Korea. An Austrian national, Morent started working at Adidas in 2005, operating in the retail finance institutional sector for the EMEA region. From 2014 to 2019, he led Adidas Korea’s retail and e-commerce businesses, serving as Vice President of Latin ...
