News Briefs – Page 46
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News briefsHanesBrands closes distribution center in the US
75 people lost their jobs when HanseBrands closed down its distribution center in the southeast of the US.
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News briefsCastore partners with Hong Kong China Rugby
The agreement marks Castore’s entry into the Asian market.
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News briefsRVRC sees strong sales growth in September
The DTC outdoor company reports solid September growth and prepares for new product launches in a seasonally strong quarter.
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News briefsJoma becomes an official partner of European Athletics for 2025-28
It is the first time that European Athletics has entered into a long-term top-tier partnership with a sports apparel brand
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News briefsBogner launches new 007-inspired capsule for FW24
The German luxury brand and the famous film franchise reunite to release an exclusive ski collection inspired by a long-standing partnership.
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News briefsNike has appointed a new Chief Diversity Equity and Inclusion Officer
The appointment comes only two weeks after Elliott Hill took over from John Donahoe as Nike CEO.
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News briefsGoPro to reduce workforce by 26%
The reduction is part of an updated restructuring plan, GoPro has announced.
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News briefsWomen-specific football shoe manucfacturer Ida Sports has closed a new funding round
Ida Sports, which has produced women specific football shoes since 2020, has now gained support from well-known Michele Kang’s Kynisca Sports Int’l.
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News briefsCraft has opened up its first store in the US, fully focused on running
On Broadway, New York, Craft has opened up a store that will focus on running during the New York Marathon.
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News briefsBasicNet’s nine-month Ebitda dips by 9 percent
The group expects Q4 results to be essentially flat with year-ago results.
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News briefsH&M Move and Recco collaborate for skiwear collection
The apparel is equipped with Recco reflectors, boosting safety for skiers and mountain adventurers with advanced rescue technology.
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News briefseBay reports strong Q3 growth with key investments
The company posted a 3% revenue rise in Q3 2024 and enhanced AI-driven features and capital programs to empower sellers and fuel growth.
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News briefsBrooks Running global revenues top $1 billion for nine months
The Seattle-based running specialist hit a major sales milestone ahead of Q4, with double-digit gains in EMEA and North America.
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News briefsIronman announces Zoot Sports as official cycling and triathlon apparel partner
The partnership will include the creation of co-branded cycling and triathlon technical apparel, available at Ironman and Ironman 70.3 events around the world.
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News briefsPermira acquires 40% stake in K-Way
Marco Boglione, Chairman and Founder of BasicNet, called the agreement a crucial moment for the company.
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News briefsPerfect Moment opens US-based warehouse
The new US-based warehouse will enable overnight and two-day delivery, not previously available from the existing UK global distribution center.
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News briefsAdidas has reached a settlement with Kanye West
Two years after Adidas ended its Yeezy partnership with the rapper, Adidas AG has reached an out-of-court settlement with Kanye West.
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News briefsWolverine Worldwide appoints new Active Group leader
Industry veteran Susie Kuhn has been appointed to lead Merrell, Saucony and Chaco brands, effective Oct. 28.
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News briefsTennis racquets market to post 9% CAGR by 2029
North America stands as the dominant region, while the amateur segment is witnessing substantial growth globally.
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News briefsAlibaba pays $433.5 million to settle shareholder monopoly lawsuit
Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit against it for monopolistic practices.
