News Briefs – Page 55
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News briefsAsics no longer manufactures equipment for a world sport
Apparel and equipment, including baseball gear, is Asics’ most difficult segment with a profit margin of only 2.8% last year.
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News briefsPacSun appoints new CFO to drive growth
The US retail clothing brand named Jimmy Buenrostro as new CFO, aiming to leverage his extensive retail finance experience to enhance strategic growth initiatives.
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News briefsHummel dominates as kit sponsor in Spanish football
The Danish sportswear brand’s strategic growth in Spain has led to a significant increase in sports sponsorships, outpacing major global brands and setting new records.
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News briefsFrasers Group expands into Australia and New Zealand
The expansion follows the acquisition of a significant stake in the Accent Group.
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News briefsKlarna cuts losses, adds 68,000 merchants
The payment and shopping platform significantly reduces losses and gains 68,000 new vendors, showing solid financial improvement and growing market presence.
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News briefsNew Saudi football sponsorships
Concacaf inks multi-year deals with Saudi PIF and Riyadh Air to boost football growth and tournaments across the region.
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News briefsOn opens first Italian flagship
After accelerating in Q2, the Swiss brand is also expanding its retail footprint.
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News briefsSport 2000 partners with Running Industry Alliance
Sport 2000 will support RIA’s retail and brand members with learnings from international markets.
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News briefsBjörn Borg updates financial targets
The annual sales growth target is raised by 5 percent, the Swedish brand has announced.
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News briefsNike collabs with Naomi Osaka and Yoon Ahn
Osaka and Ahn made a collection that Ahn calls “one-of-a-kind day and night competition kits” for Osaka’s return to the US Open.
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News briefsTemu's parent PDD Holdings warns of slowing growth
Is the giant losing momentum? Although PDD Holdings, owner of online marketplace Temu, has reported rising income, company spokespersons warn about the future.
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News briefsSurf Expo returns to Orlando with expanded reach
The watersports and beach lifestyle trade show returns to Orlando this September, expanding its influence across the industry.
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News briefsVans hosts block party to celebrate NYC skate community
Vans brings the heart of skate culture to Brooklyn on Sept. 7 with a lively block party to celebrate the local skateboarding community.
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News briefsDunlop Sports’ results fueled by golf, wellness segments
Golf sales were higher year-over-year, helped by the launch of the 13th generation XXIO club in Japan and North America.
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News briefsGullit joins Skechers as ambassador
The former Netherlands national team captain will feature in Skechers’ Hands Free Slip-ins and other campaigns.
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News briefsJD Sports maintains Ebit guidance but cites volatile environment
The UK-based group maintains its annual profit outlook amid global volatility, reporting solid Q2 growth driven by strong European, North American and Asia-Pacific sales.
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News briefsSports category boosts Stella Intl. in H1
The Chinese group received a lift from the sports category in the first half of the financial year.
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News briefsTechnoSport expands footprint with 15 new stores across South India
The Indian activewear brand aims to solidify its position in the competitive activewear segment.
