All Golf & Racquet sports articles – Page 3
-
News briefsGolfers' spending in the UK increased 20% from 2014 to 2019
According to an independent report by Sheffield Hallam University’s Sport Industry Research Centre (SIRC), funded by The R&A, consumer spending on golf grew 20 percent in current prices from 2014 to 2019, which is real terms growth of 8 percent after accounting for inflation. The U.K. golf industry employs 63,826 ...
-
News briefsStrong year-end performance for Björn Borg
Sweden-based Björn Borg reported net sales of SEK 198 million (€17.9m) for the fourth quarter of 2022 (October-December), compared to SEK 181 million in the corresponding quarter of 2021. Proprietary e-commerce and e-tailer sales increased a total of 21 percent to SEK 77 million (€6.96m), continuing the strong upward trend ...
-
ArticleEverysport Group reports declining revenue, Media division shows muscle
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, said in its year-end financial report that it had conducted a strategic review of the padel business to return to long-term growth as quickly as possible. This resulted in a net positive impact of SEK 10 million ...
-
ArticleTopgolf Callaway lifts forecasts as venues offset weaker golf gear sales
Topgolf Callaway reported a rise in fourth-quarter revenues and pushed annual earnings forecasts higher after a strong performance from its driving ranges looked set to help cushion weaker demand for golf equipment this year.
-
ArticleThe twin forces of pro pádel meet
The two professional circuits in the sport of pádel, Premier Padel and the World Padel Tour (WPT), are discussing joint operations in the future.
-
News briefsGolf equipment and apparel sales reached all-time highs during pandemic
Global golf equipment and apparel sales were at all-time highs during the pandemic, reaching $20 billion in annual sales in 2021, with $11.1 billion in golf equipment and $9.0 billion in golf apparel. Strong consumer demand for golf products continued in 2022. These are some key highlights from the “World ...
-
News briefsPadel Trend Expo attracted 18,000 visitors
The first edition of Padel Trend Expo, which was held at Allianz Mico in Milan on Jan. 13-15, attracted more than 18,000 visitors. About a hundred brands and 90 companies had registered for the trade show. A new edition in 2024 has already been confirmed. Padel Trend Expo is organized ...
-
News briefsRacquet sports equipment market to grow 4.3% by 2031
The global racquet sports equipment market is projected to reach $272.4 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2031, according to a new report by Dublin-based Research and Markets. The growing demand will be driven by increased fitness consciousness among ...
-
ArticleThe rise of pickleball, and a shift in sports
The Association of Pickleball Professionals (APP) has released its Pickleball Participation Report on the status of its sport in the U.S. If the “nearly 2,500 nationally representative adults” (over the age of 18) are, in fact, representative, pickleball is getting big.
-
News briefsL.A. gets first pro pádel franchise
EEP Capital, which describes itself as the first venture-capital fund devoted to the sport, has purchased the first pádel franchise in Los Angeles. The team will be playing within the Pro Padel League, the professional league in the U.S. EEP Capital is tied to and shares management with EE Padel ...
-
News briefsCIP to attend this month’s Padel Trend Expo
The International Pádel Cluster (CIP) will be exhibiting at Padel Trend Expo Milan, as will many of its associated brands: Babolat, Bullpadel, Enebe, Gimpadel, Head, Just Ten, Kelme, Mejorset, Mondo, Okatent, Paddeo, Padel Courts Deluxe, Padel Galis, Playtomic, Set, Softee, Starvie, Stop Sudor, Vibor-A and Wilson. Scheduled for Jan. 13-15, ...
-
News briefsAll for Padel not quite all pádel
CEO José Luís Sicre announced at this month’s seventh edition of International Padel Days in Barcelona that All For Padel is looking to make good on its slogan, “Not everything’s padel,” especially when it comes to international expansion. According to CMDsport, the Adidas retail licensee is looking to move into ...
-
News briefsBunkered Live golf show to return in 2023
The Bunkered Live consumer golf show, which debuted this year, will return in 2023. The exhibition will return to the NEC in Birmingham on Feb. 24-26, followed by a second event at the Royal Highland Centre in Edinburgh on March 24-26. Bunkered Live is an evolution from the Scottish Golf ...
-
News briefsCIP’s ISPO presentation optimistic on pádel
Pádel, it appears, continues to thrive. At the freshly concluded ISPO Munich 2022 the Clúster Internacional del Pádel (CIP) reported that pádel-racquet sales increased by nearly 72 percent year-on-year in the second quarter, according to Diffusion Sport. This was, however, down from the more than 85 percent rise of the ...
-
News briefsKoi Golf launches its first apparel collection
Koi Golf, a new U.K.-based company, is introducing its first golf apparel collection. The initial launch includes a men’s line that comprises polos, T-shirts and a range of golf accessories, including caps, hats, socks and towels. A women’s range and wider men’s range are to follow in 2023, GolfBusinessNews has ...
-
News briefsDecathlon partners with Milano Premier Padel P1
Decathlon Italy has announced a partnership with Milano Premier Padel P1 through its brand Kuikma. The tournament is scheduled to take place on Dec. 5-11 at the Allianz Cloud in Milan. Premier Padel is the official worldwide pádel circuit under the International Pádel Federation (FIP), supported by Professional Players Association ...
-
News briefsTopgolf Callaway Brands and PGA Show sign new multi-year participation agreement
Topgolf Callaway Brands Corp. has announced a new multi-year participation agreement with the PGA Show, beginning Jan. 24-27, 2023, in Orlando, Florida. In 2023, Callaway will activate a new brand of educational experience in the PGA Show Equipment area, where the company will showcase its range technology, Toptracer, focusing on ...
-
News briefsRecord sales for Pádel Nuestro
Pádel Nuestro not only expects to close out the current year with record sales of about €55 million, up by 10 percent from last year but also projects a further rise to €80 to €85 million for 2023 – this according to CMDsport, which cites statements to ABC by the ...
-
News briefsNew chairman for Everysport Group
Stockholm-based Everysport Group AB announced that it has appointed Michael Hansen as its new chairman of the board. The previous chairman, Paul Fischbein, left the position and the company earlier this month due to his new position at the Swedish DTC outdoor brand Revolution Race, which was incompatible with ...
-
News briefsWorld Padel Tour sweetens the pot to retain players
In light of the founding of a second league, Premier Padel, the nine-year-old World Padel Tour (WPT) has set forth a new modus operandi for the next half-decade. Chief among the changes is the elimination of the exclusivity clause from its player contracts. Until now, WPT players have had to ...
