All Article articles – Page 7

  • Descente Logo

    Descente’s operating profit dips despite higher sales


    Higher SG&A costs related to additional brand promotions contributed to a 12 percent decline in Q3 operating income to ¥6,434 million (€40.2m) at Descente. But higher athleticwear sales offset a decline in golf apparel sales and led to a 4.6 percent gain in total revenues to ¥90,100 million (€56.3m) for ...

  • png-transparent-car-dunlop-tyres-goodyear-tire-and-rubber-company-sport-car-logo-text-sport-logo

    Dunlop renews IMG Academy deal


    Dunlop has signed a second, multi-year renewal of its sponsorship deal with the IMG Academy, a Florida establishment that was founded in 1978 as the Nick Bollettieri Tennis Academy and has since expanded into a variety of collegiate sports. It runs a boarding school and camps for high-schoolers with athletic ...

  • olympic-flag

    Milano Cortina 2026 celebrates “two years to go”


    On Feb. 6, Milano Cortina 2026 will be celebrating two years to go to the opening of its Olympic Winter Games. This milestone comes shortly after the Olympic Movement celebrated the centennial of the Olympic Winter Games, whose first edition was held in 1924 in the French Alpine town of ...

  • amazon-logo

    Amazon announces AI-powered shopping assistant


    Amazon has unveiled Rufus, a new shopping assistant that uses generative artificial intelligence (AI) to help customers search for products. Rufus launched on Feb. 1 in beta version to a small group of US customers using Amazon’s mobile app. The tool will progressively roll out to the rest of its ...

  • Deckers

    Deckers raises FY guidance, sets CEO succession plan after strong results


    Bolstered by strong Q3 gains in the DTC channel, Deckers Brands has reported 35 percent operating income growth, 16 percent revenue expansion on a reported basis, and a 570-basis-point increase in gross margin for the period ended Dec. 31. With the strong results, the Ugg and Hoka parent raised its ...

  • Football - Jannik Skorna - Unsplash

    Real Madrid becomes football club with highest revenue, says Deloitte report


    Deloitte’s Sports Business Group has released the 27th edition of its Deloitte Football Money League. The report reveals the 20 highest-revenue-generating football clubs globally for the 2022/23 season. Real Madrid generated record revenues of €831 million, representing an increase of €118 million compared with the previous year, and knocked Manchester ...

  • Prowinter-2024-Foto Marco Parisi-Low-5

    Prowinter in Bolzano becomes more international, offers connected ski test


    The 24th Prowinter took place in Bolzano, Italy, at the beginning of January, extended to 3 days and for the first time with a parallel ski test. We attended the trade show to find out whether it has the potential to become the new meeting place for the Central European ski industry.

  • Macron New Logo

    Macron posts 15% sales increase


    Italian teamwear brand Macron has announced a 15 percent sales increase to €196 million in 2023. Growth was homogeneous across the various markets in which the company operates, with excellent performance in its three main markets, including the UK, Italy, and Spain. International sales account for 80 percent of Macron’s ...

  • Peloton_Logo

    Peloton Interactive disappoints despite some clear gains


    Despite making some strides in Q2, Peloton Interactive did not live up to future sales expectations. The company is now forecasting a Q3 revenue range of $700 to $725 million, below average market guidance of $755.6 million and 3.2 to 6.5 percent below the year-ago quarter’s $749 million. That shortcoming ...

  • Columbia Sportswear Company

    Columbia faces revenue decline challenge


    With a warm winter and a difficult US marketplace to contend with in its seasonally strong final quarter of the year, Columbia Sportswear reported a 27 percent drop in operating income to $113.1 million from $155.4 million and a 9 percent decline in total revenues to $1.06 billion from $1.17 ...

  • Canada Goose_logo

    China's luxury demand boosts Canada Goose in Q3


    Increased demand for luxury goods in China contributed to a reported 62 percent increase in Asia-Pacific sales at Canada Goose to C$270.7 million (€186.3m) for the third quarter ended Dec. 31. All other geographies posted double-digit declines in sales, including a 26 percent decline in the EMEA to C$86.8 million ...

  • crocs

    Crocs EVP Michelle Poole announces retirement


    Crocs, Inc. announced today the retirement of Michelle Poole, EVP & President of the Crocs brand. To ensure a seamless transition, she will remain in her role until early May, after which she will join the company’s advisory board until the beginning of 2025. Anne Mehlman, the current EVP & ...

  • PayPal

    PayPal introduces six new checkout innovations


    PayPal and Venmo have unveiled a revamped checkout and guest checkout experience. Additionally, they’ve launched a new advanced offers platform for merchants and a new consumer app aimed at earning cash back and providing customers with more incentives to shop with PayPal. The new updates on Venmo are designed to ...

  • adidas logo mountain

    Adidas eyes €500m operating profit for FY24, most Yeezy inventories won't be written off


    Adidas published preliminary FY23 results and sales and operating profit guidance for FY24 yesterday. In a statement, CEO Bjørn Gulden said the outlook for FY24 is “the next building block needed to bring Adidas back to a company with a double-digit growth and 10 percent operating margin.” Markets in ...

  • 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 ...