All Sporting Goods Intelligence articles in Volume 31, Issue 39+40 – Page 7
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News briefs
Puma appoints new head of Sportstyle unit
Puma has appointed Maria Valdes as the new general manager of its Sportstyle unit, the company’s largest business unit by revenues. She replaces Reinhard Dischner, who will leave Puma at the end of the year after 18 years with the company. Dischner will stay on until then to ensure a ...
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News briefs
Vaude launches an Academy for Sustainable Business
Together rather than against one another: After Houdini just made the development specifications of one of its most sustainable products available as Open Source, the German outdoor brand Vaude has now announced the foundation of the “Vaude Academy for Sustainable Business.” The academy is designed to support other companies on ...
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News briefsProtect Our Winters UK launches an initiative for climate action
Protect Our Winters (POW) UK launched POW Pledge, a digital portal to equip the industry to take climate action towards net zero. “It’s very simple; our industry has to act on climate change in order to survive,” said POW ambassador Ed Leigh. “The POW Pledge is the map that can ...
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Article
Stella continued to struggle in Q3
In a business update for the third quarter, Stella International said shipment volumes declined by 23.6 percent from the year-ago quarter to 12.3 million pairs, while its total sales plunged by 23.3 percent to $344.5 million, including those of its in-house brands. The Chinese footwear company’s revenues from manufacturing improved ...
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News briefs
Hybrid fabrics are growing fast
The hybrid fabrics market is expected to reach $418 million by 2027, representing a 9 percent CAGR (compound annual growth rate) growth from 2020 to 2027, according to a new study by Allied Market Research. The growth will be primarily driven by the increasing success of lightweight fabrics, a surge ...
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News briefsInternetstores appoints a chief brand officer
Internetstores has added a chief brand officer (CBO) to its management team. Alongside Hans Dohrmann, Thomas Spengler, Raid Naim, Olivier Rochon and Martin Netinder, Frank Aldorf is now part of the company’s management board. In his new function as CBO, Aldorf is now responsible for the purchasing department of Europe’s ...
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Article
Icon sues Peloton
After a steady climb over the last six months, Peloton Interactive’s share price took a small hit on the stock exchange after the news yesterday that Icon Health & Fitness had filed a patent infringement suit against it in A federal court in Delaware. At $37.77 billion, Peloton’s market capitalization ...
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Article
Amazon enjoys a record-breaking Prime Day
Third-party sellers on the Amazon Marketplace generated sales of more than $3.5 billion during the company’s recent Prime Day promotions on behalf of small and medium-sized businesses. This represents an increase of nearly 60 percent from last year’s promotion, outstripping the growth in Amazon’s own sales. Prime Day took place ...
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ArticleVF goes back into the black
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
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Article
Some physical trade shows are cancelled or reinvented
Replicating what has already happened with many summer shows, the organizers of various exhibitions and their clients are rethinking their programs for the next few weeks and months in reaction to an unexpectedly virulent second wave of the coronavirus pandemic in many parts of the world. The Eurobike Special show ...
