All Article articles – Page 11

  • PGATour-SSG

    Done deal: PGA Tour announces investment agreement with Strategic Sports Group


    It’s official. After weeks of speculation, the PGA Tour has announced a partnership with the Strategic Sports Group (SSG), a consortium of investors and sports franchise owners, to infuse $3 billion into the Tour. This agreement will establish PGA Tour Enterprises, a commercial venture under PGA Tour’s control. Players will ...

  • web_Rapporto-Sport_2023-1

    Sports industry contributes 1.3% to Italy’s GDP, new report shows


    Italy’s sports industry is worth €22 billion and contributes 1.3 percent to the nation’s gross domestic product (GDP), according to a new report. “Rapporto Sport 2023” was presented on Jan. 30 by Istituto per il Credito Sportivo (ICS) and Sport e Salute, an Italian public body that ...

  • SkiStar Hammarbybacken Stockholm_Pistkarta_23_24

    SkiStar tests fossil-free ski resort


    The Scandinavian ski resort operator SkiStar is taking a significant step in the transition to fossil-free operation and is testing the complete electrification of a ski resort. The pilot project is being carried out at SkiStar’s Hammarbybacken ski resort in Stockholm. With the pilot project, SkiStar wants to show that ...

  • Women Sport Volleyball

    Opportunities ahead – WFSGI and McKinsey release 2024 report


    2023 was a year of ups and downs. Despite facing challenges, WFSGI and McKinsey’s new Sporting Goods Report argue that it’s not all headwinds.

  • Deutschland

    German e-commerce sales bottom out


    Consumers’ lower propensity to shop was once again reflected in significantly lower overall sales in German e-commerce in 2023, according to the German e-commerce association bevh. Gross sales of consumer goods fell by 11.8 percent to €79.7 billion for the first time in 2023, compared to €90.4 billion in the ...

  • SportScheck

    Several potential buyers for SportScheck


    The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...

  • basf-loopamid

    BASF and Inditex unveil Loopamid, a circular Nylon 6 based entirely on textile waste


    BASF and Inditex jointly announced on Jan. 23 a breakthrough in promoting circularity in the textile industry. With the launch of Loopamid, a Polyamide 6 (a synthetic polymer widely used in numerous textile applications due to its excellent mechanical properties and versatility, also known as Nylon 6) made from 100 ...

  • Hela Focus

    Hela Apparel acquires UK-based Focus Brands from JD Sports


    Sri Lanka’s Hela Apparel Holdings Plc announced on its LinkedIn page the acquisition of UK-based apparel brand licensing house Focus Brands. “This marks another major milestone in our journey towards becoming a truly comprehensive solution provider for the apparel sector and will further elevate Hela’s service offering to its customers,” ...

  • Intersport_LOGO

    Intersport Germany continues to grow in 22/23


    Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...

  • Sport-2000-logo

    Sport 2000 GmbH with stable development in 2023


    The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...

  • PUMA_Logo_Standard-No1

    Puma shares decline on FY24 outlook


    Shares in Puma SE declined by €4.49 to €38.49 yesterday, to their lowest level in more than five years, after the group issued a FY24 outlook below the consensus estimate and revealed preliminary FY23 results that were negatively impacted by the “extraordinary devaluation” of Argentine’s Peso in December. Nonetheless, ...

  • Google_2015_logo.svgz

    Google is phasing out the cookie


    In a plan subject to approval from the UK’s Competition and Markets Authority (CMA), Google is hoping to eliminate the third-party cookie from its browser, Chrome, in the second half of this year. Meanwhile, the company is rolling out to 1 percent of Chrome’s users a new thing called Tracking ...

  • SpiberLogo_BK_H_Logo

    More industry stakeholders join Spiber to build global circularity solution


    Spiber Inc. announced and welcomed new partnerships with DyStar, Kering’s Material Innovation Lab (MIL), Eileen Fisher Inc. and Johnstons of Elgin at the Biofabricate materials conference in Paris on Jan. 12-14. The companies joined Spiber’s Biosphere Circulation project, which presents a pioneering methodology for regenerating biobased and biodegradable textile and ...

  • Amer_Sports_Logo.svgz

    Amer Sports looks to raise $1.8bn from IPO


    Amer Sports, the parent of Arc’teryx, Salomon, Atomic, and Wilson, aims to sell 100 million shares for a listing on the New York Stock Exchange next week at an opening price of $16 to $18 per unit. The group, which will trade under the “AS” ticker, will float approximately 26 ...

  • Beyond Yoga

    Beyond Yoga announces leadership changes, prepares for expansion


    Michelle Wahler, the co-founder of Beyond Yoga, a Los Angeles-based athleisure apparel brand owned by Levi Strauss & Co. (LS&Co.), announced that she will be stepping down as CEO. Nancy Green, former CEO and president of Athleta, will succeed her to support the brand’s continued growth and expansion within LS&Co.’s ...

  • ANWR

    ANWR Group accelerates positioning of affiliated retail networks


    Volatile conditions with wars and conflicts around the world, economic uncertainties and high inflation rates weighed on consumers’ buying mood last year. This posed a particular challenge for medium-sized specialist retailers. The focus of the Germany-based ANWR Group in 2023 was on raising the profile and increasing the profitability of ...

  • Odlo - There's more out there - ENG_2

    Odlo unveils new brand claim, new media campaign


    Swiss sportswear brand Odlo has unveiled a new brand strategy, which will be unveiled on Jan. 25 in combination with the company’s most extensive media campaign to date. The strategy, developed with London-based creative agency AKQA, is designed to “reawaken” outdoor enthusiasts and inspire them to seek fulfillment for body ...

  • ski_factory_1930s

    Fischer celebrates 100 years


    Source: © Fischer Sports GmbH CEO Franz Föttinger (2024) Source: Archive Fischer Josef Fischer in 1959 Fischer is celebrating its 100th anniversary this year. The company was founded in 1924 by Joseph Fischer in Upper Austria, where the headquarters are still located today. From ...

  • Big Facts top

    StockX reveals the most traded and fastest growing brands


    StockX’s annual report entitled “Big Facts: Current Culture Index” was released on Jan. 17 and shows the most traded and fastest growing brands on the platform over the past year, including Asics, Ugg and Arc’teryx. The resale platform reached major milestones in 2023, surpassing 50 million lifetime trades, 15 million ...

  • PUMA_Logo_Standard-No1

    Puma named “Top employer globally”


    Puma’s streak of success in the awards department shows no signs of slowing down. As previously reported by SGI Europe, the German company has already clinched awards this year for being the most sustainable player in the industry. Furthermore, they have been lauded for their commitment to gender-neutral practices and ...