All Sporting Goods Intelligence articles in Volume 31, Issue 37+38 – Page 2
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Article
Reorganizing the top management, VF names Steve Murray president of TNF
VF Corporation is changing its management structure to suit changes in the way it does business, notably by dividing its brand portfolio into Core Brands and Emerging Brands and by getting them to be managed differently to help them achieve their full potential. Until now, the operations of its three ...
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Article
Babolat hopes to capitalize on the recovery of racquet sports
Like some other outdoor sports, tennis has enjoyed a recovery from the effects of the Covid-19 pandemic of this past spring, as players can easily respect social distancing rules in the tennis courts. In the first half of this year, Babolat, the world leader for tennis racquets, came 20 percent ...
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News briefs
Castore may counterbid to sponsor AC Roma
Castore, the young British brand of team sports clothing, is expected to join the race to dress the AS Roma football team, competing with New Balance, and maybe also with Adidas. New Balance was said to have replaced Under Armour as the front-runner in the contest, but according to SportsPro, ...
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Article
EU agrees on common rules for pandemic-related travel restrictions
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission. ...
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News briefs
YKK wants to be climate-neutral by 2050
At this week’s Copenhagen Fashion Summit, YKK, the leading manufacturer of fasteners and trims, announced its YKK Sustainability Vision 2050, which among other things is intended to serve as a roadmap for the company to achieve net-zero emissions by 2050. The five themes of the mission statement are (1) combating ...
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Article
Global talks on a digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working toward an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
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News briefs
Adidas holds digital festival for loyalty program members
Adidas has launched a “digital festival” for its loyalty program. Creators Club Week runs for seven days from Oct. 13 and is, according to the company, the first event of its kind. Adidas’ “global member community” will be privy to the company’s largest single introduction of exclusive and limited-edition ...
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Article
eBay to certify sneakers, like StockX and others
Joining the likes of StockX, the online resale exchange for sneakers and streetwear, eBay will be testing all new and used sneakers sold on its platform in the U.S for $100 or more from this month onward to ensure that they are genuine. Those that pass will receive its Authenticity ...
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Article
Hyperice is valued at $700m in new funding round
Here is another fitness-related company, operating in a special niche of a growing market, that has obtained a high valuation in its latest round of financing. Hyperice, a U.S.-based specialist in muscle recovery systems, has been valued at around $700 million in a new Series A $48 million investment round ...
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News briefsWolverine takes its sales conference again digital
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B, taking its buyers’ conference digital. The American company was obliged to cancel its Global Brand Conference in the spring, depriving its 12 brands of a means to introduce their new products to the ...
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News briefs
Black Diamond partners with POW and FWT
Black Diamond Equipment announced a new partnership with Protect our Winters (POW), the organization that focuses on climate advocacy. Additionally, Black Diamond and Pieps have renewed their partnership with the Freeride World Tour (FWT) as the official supplier and safety partner of the event, providing athletes with critical snow safety ...
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News briefsBurton opens new Hub in Stockholm, appoints new managers for the Nordics
Burton Snowboards will open a new multi-use space, referred to as the Burton Hub, at Norrlandsgatan 20 in Stockholm, Sweden, on Oct. 15. After establishing the concept of combining retail store, showroom, and office spaces already in Innsbruck, Munich, and Zurich, the company now expands to Scandinavia. The new Burton ...
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News briefs
Pentland has a new global brand director for Canterbury and Mitre
Pentland Brands has made Jodie Soussan its global brand director for the Canterbury and Mitre brands. Replacing Charlotte Cox, who has been promoted to president for EMEA, she will be reporting to the future chief marketing officer, Penny Herriman, who will take up her post later this year. Soussan joined ...
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News briefs
Zalando raises its own expectations
Zalando is performing better than expected. It is now projecting an adjusted operating profit (Ebit) of between €375 million and €425 million for the full 2020 financial year on an increase in total revenues of between 20 and 22 percent. As usual, the growth will be driven by an increase ...
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News briefs
Vans names Anderson .Paak as its global music ambassador
Vans has announced the appointment of Anderson .Paak as its first-ever global music ambassador. The artist, born as Brandon Paak Anderson and also known as AP, a three-time Grammy Award winning singer, songwriter and producer. AP once worked at a Vans retail store in Topanga Canyon, California. As an artist, ...
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News briefs
Li & Fung shuffles its top management
Li & Fung, which went private in May of this year, is shifting Joseph Phi from group president to chief executive. Spencer Fung, CEO since 2014, is in turn moving to executive chairman. He will be replacing William Fung, who is taking a seat alongside his brother, Victor Fung, on ...
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News briefs
Puma celebrates Tommie Smith’s legacy with made-in-Italy Suede
Puma has announced a limited edition of its classic Suede silhouette that honors Tommie Smith, the sprinter who raised his fist toward the sky after winning a gold medal at the 1968 Olympics. The gesture, which was meant as a claim for justice and equality, has since become one of ...
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News briefs
New Balance may replace Nike as AS Roma’s shirt supplier
According to reports in the Italian newspaper La Stampa, New Balance will take over from Nike as the kit sponsor of AS Roma, the Italian Serie A football club. The new four-year deal, which would start in the 2021/22 season, is now awaiting final approval from Dan Friedkin, the new ...
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Article
Nike stole the spotlight in the Roland-Garros men’s tournament
The French online trade magazine Sportbuzzbusiness.fr has reviewed all the sports brands that had a presence in the different product categories in the final stages of this year’s Roland-Garros men’s tennis tournament, specifically from round 16 of the competition until the final match in which Rafael Nadal beat Novak Djokovic. ...
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News briefs
4F emerges in Ukraine
One of the major Polish sports apparel brands, 4F, has emerged on the Ukrainian market by opening its first store in the country through Epicenter K, which has become 4F’s exclusive partner in the country. The first store is located in Kiev, and by the end of 2020, Epicenter plans ...
