All Article articles – Page 6

  • Nike-mobile

    Nike announces 2% workforce reduction


    Nike has officially confirmed a 2 percent reduction in its workforce, following months of speculation. This decision aligns with the company’s goal to streamline operations and save up to $2 billion in costs over the next three years, as announced in December. CEO John Donahoe sent an internal memo to ...

  • xponential-stride-logo

    Xponential completes divestiture of Stride Fitness


    Xponential Fitness, the world’s largest franchisor of health and wellness brands, announced that it has finalized the divestiture of its Stride Fitness brand to Stride Fitness Franchising Inc., owned by Shaun Grove. Grove is currently the President of Rumble Boxing. Founded in 2017 by Misa Dugally and Katie Ownbey and ...

  • premier-league-logo

    Premier League launches “More Than a Game” campaign


    The Premier League is launching “More Than a Game,” a campaign to showcase its investment in all levels of football and its impact on local communities. The Premier League’s financial support covers all 92 Premier League and English Football League (EFL) clubs and 72 National League clubs, as well as ...

  • Topgolf Callaway_Logo

    Topgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024


    Topgolf Callaway, which is working on several synergistic strategies to connect and grow its various businesses, is forecasting modest cash flow growth this year before it ramps up between 2025 and 2028 and bolsters earnings per share expansion starting next year. Despite currency headwinds and a difficult year-over-year comparison for ...

  • sven-mieke-T8FtYThew0w-unsplash

    Squash racquet market is poised to increase, but needs more visibility


    According to a recent report by Research and Markets, the global squash racquets market was valued at $175 million in 2022 and is expected to post a compound annual growth rate (CAGR) of 4.2 percent through 2028. Growth is driven by the sport’s increasing popularity and an expanding player base, ...

  • Navalayo-Osembo-WEBSITE-1024x1024

    Enda Athletic founder appointed as On’s head of Africa


    Swiss running brand On has appointed Navalayo Osembo as its new head of Africa, signaling its commitment to broaden its activities on the continent. Osembo brings valuable experience to On, having recently sold Enda Athletic, a Kenyan running-shoe brand she co-founded in 2017. The acquisition by footwear ...

  • StatusPro

    Maker of VR NFL game raises $20m


    StatusPro, the virtua reality (VR) company of two former NFL players, Troy Jones and Andrew “Hawk” Hawkins, is to receive $20 million in a series-A funding round led by Google Ventures (GV). The company produces first-person sports games that use “real-time player data.” Its game NFL Pro Era works on ...

  • Sun Day Red

    Tiger Woods unveils Sun Day Red apparel brand


    After years of collaboration with Nike, Tiger Woods presents his new apparel brand.

  • Under Armour

    European market remains strong for Under Armour


    Despite some recent “cooling” with consumers in Eastern Europe and concerns over Red Sea shipping disruptions, Under Armour is pleased with the trajectory of its business in Europe. In the product area, the brand is seeing sales traction from its Meridian products for women; its Curry 11 products; and its ...

  • Mizuno

    Mizuno posts strong nine-month results, lifts FY outlook


    Bolstered by record revenues and net income for the nine months ended Dec. 31, Mizuno Corp. raised its annual operating profit and net income outlooks while maintaining its annual revenue forecast at 225,000 million Japanese yen (€1.41bn). The group raised its full-year operating profit by 13.6 percent to ¥16,500 million ...

  • Asics-logo

    Asics eyes modest FY24 growth, but flat sales in Europe


    After reporting a 59 percent gain in FY23 operating income to ¥59,215 million (€337.8m) and 17.7 percent increase in total annual revenues to ¥570,463 million (€3.55b), Asics Corp. detailed its FY24 outlook. The Japanese group, which wants to achieve a consolidated operating income ratio of approximately 12.0 percent in FY26, ...

  • emma-fabbri-o8h9eMRY4w0-unsplash

    North-South gap persists in sports participation in Italy, says new report


    Physically inactive people in Italy, who neither play sports nor participate in physical activity in their spare time, were 39.1 percent of the population in 2022, up from 34.8 percent in 2021, according to a new report titled “Gli Italiani e lo Sport” (tr.: “Italians and Sports”). Physical inactivity rates ...

  • alpargatas logo

    Alpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins


    Write-offs of 64 million Brazilian reais (€12.0m) in raw materials and finished goods affected Q4 adjusted Ebidta at Alpargatas. The Brazilian footwear group ramped up its capital discipline in the latter months of 2023 because of a “significant reduction” in sell-ins, itself due to high levels of inventory at retail. ...

  • xxl-asa

    XXL promises Ebitda improvements amid cost-cutting


    Norwegian retailer XXL ASA, in reporting weak Q4 and FY 2023 results, said it will continue to implement its “Reset & Rethink” strategy this year to deliver Ebitda improvement of 500-750 million Norwegian kroner (€43.9–65.8m) over the next 12 to 18 months. The effort will focus on a continued consolidation ...

  • GoPro_Logo

    GoPro’s retail strategy ahead of plan despite Q4, FY losses


    GoPro is increasing its retail presence and product range while ramping up its brand exposure at global sporting events, despite reporting Q4 and FY 2023 operating losses and declines in revenues. Ten months since launching a multi-year growth strategy, the group says it can count on some wins despite the ...

  • Decathlon

    Decathlon releases VR shopping app in US


    Decathlon has introduced in the US a new, “immersive” shopping app for the Vision Pro, Apple’s virtual-reality (VR) headset. Both the app and the headset hit the US market on Feb. 2. The app, says Decathlon, is designed to “enable customers discover the company’s latest outdoor and ...

  • PUMA_Logo_Standard-No1

    Puma gets “A” rating for second year running on CDP Climate Change list


    Puma keeps collecting all the accolades.

  • VF_Blue_Ball_New_Logo

    The North Face, EMEA stronger in “challenging” VF quarter


    VF Corp. may not look the same in thee future. As they report disappointing Q3 results, the company has inititated a “strategic review of its brand assets”.

  • Zellerfeld

    Sneaker design democratized? Zellerfield launches design platform


    Zellerfield have created a possibility for brands to use their design platform to create their own shoe models. This is how it works.

  • Sympatex_Logo

    Sympatex adds two experts to sales team


    Sympatex has expanded its sales team with Eric Brendel and Leandra Reisner as Business Development Managers. They are starting immediately. Reisner is an expert in sustainable textile innovations. The trained textile and clothing technician most recently worked as a sales representative at Weichert Agencies GmbH, where she was largely responsible ...