All Article articles – Page 126
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ArticleA Partial Farewell Note from Eugenio “Gene” Di Maria
Dear Subscribers, I wish to inform you that this is the last Newsletter being published under my own signature. I am finally retiring as Chief Editor of SGI Europe, which remains the main information service of EDM Publications, the company that I founded in 1989, after a long career in ...
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ArticleA new French venture to automate the circular economy
According to Fashionnetwork, CETI (European Center for Innovative Textiles) and the French engineering school Estia have established a joint venture called Cetia, the fruit of a four-year investigation conducted in the framework of a research program called the Chaire BALI (Biarritz Active Lifestyle Industy). The objective is to expedite the ...
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ArticleHaushofer is named ISPO project director, reporting to Gröber
The Covid pandemic has been responsible for the fact that we have not been able to meet in person at any ISPO trade show for almost two years, and the situation has been particularly challenging for the trade show organizers. In the wake of the many cancellations and digital substitutes, ...
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Article
With new members, Intersport Germany predicts over 5% annual growth
Intersport Germany predicts that its retail members will be able to achieve annual growth of more than 5 percent between now and 2025, with significant double-digit growth online, benefitting from the development of the “360° Intersport ecosystem,” new omni-channel services and the broad rollout of better store formats. The 800-odd ...
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Article
Driven by Europe and China, Asics ups its guidance
Asics has improved its guidance for the past financial year, due to better-than-expected results in the Performance Running and Core Performance Sports categories, as well as in Europe and Greater China. Higher sales and operating results than previously forecast should lead the company to report a net profit of around ...
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Article
Adidas and Decathlon encourage shoe recycling to help women practice sports
Adidas and Decathlon have decided to jointly organize and finance a program intended to promote sustainability and women’s sports in France at the same time. In a first step, Decathlon has started offering customers at its 330 stores in France to drop off 25,000 used sports shoes by any brand, ...
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Inflationary pressures are mounting across the board
Sports brands have already started to charge slightly higher prices on selected products, privileging limited editions and premium or novel product releases. The price increases have been a logical response to a situation where the available demand is outstripping the demand, especially because of high Covid vaccination rates, coupled with ...
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Italy’s growing sporting goods industry is becoming more sustainable
The Italian sporting goods industry raised its aggregate revenues by an estimated 8.4 percent to €12.2 billion in 2021, according to a survey conducted by its trade association, Assosport, among its 120 members, which market some 300 brands and employ 9,300 people, representing almost one third of the industry’s total ...
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ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as their owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, ...
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ArticleWFSGI looks back on a positive year
At its annual general assembly, which is usually held at this time of the year before the ISPO Munich show, the World Federation of the Sporting Goods Industry (WFSGI) reported on a successful closing of the year 2021, with positive financial results and the addition of new staff, eight new ...
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Nice Footwear posts positive results despite headwinds
Nice Footwear, an Italian producer of mass and premium sneakers for international brands that went public Nov. 18, announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and rising shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported ...
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Article
VF Corp. cuts sales guidance after a good quarter
VF Corp. - the owner of brands such as Vans, The North Face and Timberland - cut its sales guidance for the financial year ending in March 2022 to $11.85 billion from a previous $12.0 billion, as it once again lowered the forecast for its Active segment, led by Vans, ...
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Adidas has two other regional clusters in Europe
In addition to its creation of a ‘cluster’ for Southern Europe, which we reported about yesterday, Adidas has established similar regional clusters for Northern and Central Europe in the past few months. Cluster North is headed up by Kathryn Swarbick and includes the U.K., Ireland, the Benelux countries, Denmark, Norway, ...
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Intersport is pushing its exclusive brands
Intersport International Corp. (IIC) intends to fine-tune the development and adoption of its own private brands, further raising their share of the affiliated retail members’ sales. Positioned as mid-priced, high-quality offerings with good margins against those of the major brands, the group’s exclusive brands currently represent around 10 percent of ...
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A new regional set-up for Intersport in Europe
Dividing the European market into three regional clusters, Intersport International Corp. (IIC) has established a new set-up that has probably contributed to its relatively good performance in the past year, in spite of differences from one country to the other. Under the wing of Steve Evers, CEO of IIC, an ...
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ArticleAdidas creates a new digital hub in Spain, while regionalizing Southern Europe
Adidas is creating a new international technological hub at its Spanish head office in Zaragoza to collect and process data for the development of its omni-channel operations on a wide scale and for other IT-related engineering capabilities, said a spokesman for the company, confirming a report in CMDsport. The number ...
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ANWR reports higher sales in sports and leathergoods, not at shoe shops
The high degree of diversification across many businesses, industries and regions again helped the ANWR Group in the pandemic. In 2021, the group increased its total business volume by 11 percent to €19.8 billion, and the financing of centralized settlement operations by its DZB Bank and Aktivbank were the main ...
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ArticleNew manager in charge of Intersport’s exclusive brands
Intersport International Corp. (IIC), which has big ambitions in this area (more on this soon), has appointed Katja Adrienne Erbe as its new General Manager EB Commercial, taking over responsibility for Intersport’s exclusive brands from Jessica Mair from the month of March. After working for the Adidas Group for 19 ...
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ArticleStrong year-end spurt in Sweden
The past year ended with a bang for Swedish sports retailers. Their total retail sales rose by 20.7 percent year-on-year during the important fourth quarter, according to the quarterly Sportindex produced by the Swedish Sports Forum in collaboration with HUI Research, which is based on a sample of major players ...
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ArticleSigna Sports United predicts a temporary sales decline, due to supply chain constraints
Signa Sports United (SSU), the world’s leading sports e-tailer, reported a 10 percent increase in total revenues to €247 million in the fourth quarter of its fiscal year, ended Sept. 30, 2021, despite supply constraints for full bicycles, as it continued to benefit from resilient consumer demand across its verticals. ...
