All Team sports articles – Page 12
-
News briefsMunich opens its largest flagship in central Madrid
Spanish sneaker brand Munich is opening a new flagship store at Calle de Fuencarral 5, in the premises previously occupied by a Mr Wonderful stationery shop. Calle de Fuencarral is one of Spain’s capital’s main shopping destinations and tourist areas. The new store will be the largest in Munich’s retail ...
-
News briefsBasketball Revolution rebrands as Basketball Emotion, opens first store in Madrid
Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...
-
News briefsA pivotal year for Fútbol Emotion
Fútbol Emotion might achieve the record €85 million in annual sales that it forecast at the close of the first quarter of this year. However, its latest forecast hedges the bet, shaving off €1 to €2 million – all of this according to CMDsport. Even €83 million, though, would amount ...
-
News briefsNike and Football Australia announce 10-year contract extension
Nike and Football Australia have announced a ten-year partnership extension to push their relationship into a third decade. Football Australia, headquartered in Sydney, is Australia’s governing body of association football, futsal and beach soccer. Nike will continue to be the official apparel partner for all Australian national teams, including the ...
-
News briefsSale of Marucci Sports completed
Compass Diversified (CoDi) has completed the previously announced sale of its majority-owned subsidiary, Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC, to Fox Factory Holding Corp. The sale price was based on an enterprise value of $572 million, subject to certain working capital and other adjustments. After these ...
-
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 ...
-
News briefsFoot Locker unveils new global marketing platform
Foot Locker has launched a new global platform called ”The Heart of Sneakers” in conjunction with a star-studded Christmas 2023 campaign to celebrate sneaker culture while demonstrating that the retailer plays an essential role as an originator and leader in the sneaker community. The The Heart of Sneakers theme will ...
-
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 briefsSport Unlimitech launches new sport job fair
The next edition of the French trade show Sport Unlimitech will be held at the Marcq-en-Barœul horse racing venue on the outskirts of Lille on Nov. 8. Sport Unlimitech is a traveling event across France that gathers together local and national players in the sports business and sports movement as ...
-
News briefsSaudi Arabia sole bidder for 2034 World Cup after Australia pulls out
Saudi Arabia has emerged as the sole bidder to host the men’s 2034 FIFA World Cup following Australia’s decision not to bid for that edition of the tournament. FIFA had set Oct. 31, 2023, as the deadline for federations in Oceania and Asia to formally declare interest in hosting the ...
-
News briefsMarcus Rashford’s debut collection with Nike
Source: Nike Nike x Marcus Rashford Collection Nike is partnering with Premier League footballer Marcus Rashford on his debut boot and apparel collection. Products include the Elite and Kids versions of the Mercurial Superfly, the Air Max Pulse, a woven tracksuit jacket, tees, pants, and a limited-edition ...
-
News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
-
News briefsMacron hires new Chief Communications Officer from Ducati
Source: Macron Angelo Marino Italian teamwear brand Macron has announced the appointment of Angelo Marino as its new Chief Communications Officer. Most recently, Marino served as Global Head of Brand and Corporate Communications at Ducati, where he was also part of the team behind the global relaunch ...
-
ArticleCoDi sells Marucci Sports to Fox Factory
Compass Diversified (CoDi), the Westport, Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, PrimaLoft and Velocity Outdoor, announced that it has entered into a definitive agreement to sell its majority-owned subsidiary Wheelhouse Holdings, Inc, the parent company of Marucci Sports, to publicly traded chassis and suspension expert ...
-
News briefsSports industry is driving urban development in Jinjiang in southeast China
The city of Jinjiang in southeast China’s Fujian Province has made great efforts in recent years to promote the integrated development of culture, sports and tourism and establish itself as China’s sports capital at the earliest opportunity. After four years, the 2023 International University Sports Federation (FISU) University Football World ...
-
News briefsSigna Sports United files for insolvency
Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...
-
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 ...
