All Running articles – Page 15
-
News briefsStrava appoints former Nike, Google exec as CEO
Source: Strava Michael Martin Strava has announced the appointment of Michael Martin as the company’s new Chief Executive Officer. Martin will also join Strava’s Board of Directors when he takes office on Jan. 2, 2024. The news comes after Michael Horvath, who co-founded Strava 15 years ago ...
-
News briefsUnder Armour opens two new stores in Italy with Oberalp
Oberalp Group, the exclusive distributor of Under Armour in Italy, has recently opened two new Under Armour stores in the country. There’s a new Under Armour Brand House at the new Merlata Bloom shopping mall near Milan since Nov. 15, with 140 sqm focusing on training, running and sportstyle. In ...
-
News briefsNike’s new Tokyo store focuses on running
Nike has opened a new store in downtown Tokyo dedicated to serving the city’s running community. Nike Ginza features a Running Hub that serves the needs of local runners through a variety of services and programming, including trialing for the latest running silhouettes, Nike Run Club (NRC) Live training sessions, ...
-
News briefsAbsolute Run opens in Brussels
On Dec. 7, 2023, the overall eleventh Absolute Run store was opened in Brussels in collaboration between Sport 2000 and its partner Jogging Plus. It is the second Belgian Absolute Run Jogging Plus store after Liège and is located in an attractive downtown location with 230 sqm of retail space ...
-
News briefsSalomon collaborates with Noble’s Ionic+ and 37.5 to develop new Knit Flow fabric
Salomon is expanding its running apparel offering through a partnership with Ionic+ Botanical and 37.5 to develop a new fabric technology called Knit Flow. The new fabric uses the anti-odor citric-acid formula, Ionic+ Botanical, and is the first durable plant-based formula to be registered, tested and approved by the US ...
-
News briefsNew Balance starts construction of new factory in New England
New Balance has begun construction of its 9,500-sqm factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the US. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. According ...
-
News briefsOn presents apparel collection made from carbon emissions
Source: On Pace Tank The release of the new Pace Collection is a significant moment in Swiss sportswear brand On’s journey to move away from petroleum-based resources after creating a new material called CleanCloud, made using carbon emissions as a raw material. With CleanCloud, On aims to ...
-
News briefsWeSports acquires RunningXpert, prepares Keller Sports relaunch with customer-centric concept
WeSports announced the acquisition of a stake in RunningXpert, a Danish running specialist that operates the stores Løbeshop.dk, Löparshop.se and RunningXpert.com. RunningXpert claims to be the leading running specialist in the Nordic region, with a turnover of €35 million in 2022. The company currently serves over 1 million active runners ...
-
ArticleAsics lifts FY outlook again as 9-month grows by 73%
Asics Corp. has raised its annual outlook three months after suggesting its financial year sales will likely reach a record high. The Japanese group is now forecasting annual revenues at ¥570.0 billion (€3.53bn), up 3.6 percent from an early August estimate, and FY operating profit of ¥52.0 billion (€321.8m), up ...
-
ArticleUnder Armour drops FY sales outlook on continued US woes
Under Armour is now forecasting annual revenues to decline by 2 to 4 percent, down from prior guidance of “flat to up slightly,” but gross margin to improve by 100 to 125 basis points instead of a 25- to 75-basis-point increase. The group’s outlook on FY operating income remains in ...
-
ArticleAdidas inventory cuts improve; sees strong demand for Samba, Gazelle
Adidas posted third-quarter figures in line with preliminary estimates released in October and added that its inventory-reduction plan had gone a little better than expected in the latest three-month period, also noting that retailers were “visibly” interested in its autumn/winter 2024 range, especially around its Samba, Gazelle and Spezial ranges. ...
-
ArticleWolverine Worldwide accelerates transformation plan
Wolverine World Wide, Inc., the owner of a large brand portfolio, including Merrell, Saucony, Sperry, Sweaty Betty, Hush Puppies and Wolverine, announced actions to accelerate its ongoing strategic transformation into a “brand-led and consumer-obsessed growth company.” Chris Hufnagel, President and CEO, said: “We are moving with speed and urgency to ...
-
ArticleDecline in revenue at Safilo in Q3 cushioned by Smith's rebound
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
-
News briefsNike sues New Balance, Skechers over Flyknit patent infringement
Nike has filed federal lawsuits in the US against New Balance and Skechers, accusing both companies of misusing the patented Flyknit technology – a patented technology allowing it to make high-performance uppers with reduced materials and waste – for their running, soccer and basketball shoes. The lawsuit against New Balance ...
-
News briefsOn announces major team expansion in Australia
Swiss sportswear brand On has announced a new official partnership with four Australian athletes: Imogen Barrett, a middle-distance runner from Brisbane; Zach Facioni, a 5000m runner from Sydney; Jesse Hunt, a runner from Perth; and Ed Trippas, a steeplechaser from Sydney who represented Australia at the Olympic Games ...
-
ArticleDeckers publishes latest ESG report
Deckers Brands, owner of a portfolio of brands including Ugg, Hoka, Teva, Sanuk and Koolaburra, has published its Corporate Responsibility and Sustainability Report called Creating Change for the 2023 financial year. The report builds on the progress the company has made towards its sustainable development goals in the areas of ...
-
News briefsCoDi’s divestiture of Marucci will benefit the company
Compass Diversified’s decision to divest its Marucci Sports business to Fox Factory for $572 million after purchasing the brand for $200 million in 2020 will help the company reduce its cost of capital and give it “greater ability to increase shareholder returns,” it said in a statement. In Q3 ...
-
News briefsAltra Running has a new Director of Merchandising
Colorado-based Altra Running, founded in 2009 and part of VF Corp.’s portfolio since 2018, appointed Samantha Terral as Director of Merchandising. Most recently, Terral served as Digital/E-commerce Manager at Saucony. Prior to that, she worked at JackRabbit, formerly Running Specialty Group, for more than five years, serving also as VP ...
-
News briefsBrooks Running global sales up 5% year-to-date, holds top spot in US run channel
Brooks Running’s year-to-date global revenues are up 5 percent and 7 percent higher year-over-year in the US as the Seattle-based company has reached new runners, recovered from Covid-19-related supply chain disruptions, and normalized inventory levels. Year-to-date sales for the brand in France and the UK combined are up 22 percent, ...
-
ArticleDeckers raises full-year guidance again on continued strength from Hoka, Ugg gains
Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...
