Latest Headlines – Page 118
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ArticleDeloitte media consumer study 2022 examines the metaverse phenomenon
The metaverse and its new possibilities are moving the digital media world. Consultancy Deloitte has dedicated its new media consumer survey 2022 entirely to this topic. The market researchers’ latest study, conducted among 2,000 consumers in Germany in February 2022, shines a light on consumers’ attitudes to the virtual world. ...
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ArticleBlackwells wants Peloton to transform or sell
Peloton is again under pressure from activist investor Blackwells Capital LLC, which owns nearly 5 percent of the company and in January urged Peloton Interactive co-founder and CEO John Foley to resign. Blackwells released a presentation on April 12 stating that “two months since Peloton hired one of the highest-paid ...
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ArticleIs Korea the new driver of golf?
The head of Sports Marketing Surveys for Asia, Eric Lynge, writes in a recent column that Korea will be “the next driver in global golf.” For one thing, the rise in domestic demand is “hard to miss.” Golf has become prominent in fashion and advertising. In addition to the PGA ...
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ArticleX-Technology reorganizes leadership team
After the sale to investors in November, the company is moving into the future with a new management team - including familiar faces from Mammut.
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ArticleWintersteiger returns to profit, plans spin-off of its divisions into independent entities
Wintersteiger, the Austrian supplier of ski rental and ski service systems, reports a return to growth and profit in 2021. After a pre-tax loss (Ebt) in 2020 of just under €10 million and a 26 percent drop in sales, the group was back on track for growth in 2021, reporting ...
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ArticleRevenues up by 18% at Decathlon France, up 21% globally
While global sales reach a new record with €13.8 billion in 2021, France remains the most important market for Decathlon.
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ArticleCelebrating The International Day of Sport for Development and Peace
April 6 is The International Day of Sport for Development and Peace. This year’s theme is “Securing a Sustainable and Peaceful Future for All: The Contribution of Sport.” The UN sees this as “an opportunity for the Day’s celebrations to promote the use of sport as a tool to advance ...
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ArticleRussian sporting goods market hit by economic turmoil
Demand for sporting goods is falling in Russia amid price increases across the entire product range and the exodus of Western brands, according to Anna Lebsak-Kleimans, general director of Moscow-based consultancy Fashion Consulting Group. In recent years, sporting goods had fueled demand in the Russian fashion market, Lebsak-Kleimans said. “The ...
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ArticleNike remains the world’s most valuable apparel brand
Nike tops the Brand Finance Apparel 50 ranking for the eighth time, making it the most valuable brand since the creation of the list.
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ArticleIndian apparel sector expects boost thanks to trade agreement with Australia
The India-Australia Free Trade Agreement, officially called the Australia-India Economic Cooperation and Trade Agreement (AIECTA), is the first trade agreement India has signed with a developed economy in more than a decade. Negotiations began in 2011 but were suspended in 2015 as talks stalled over issues such as market access ...
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ArticleAnalysis: Sporting Goods Industry stocks fell more than 16% in Q1 2022
According to SGI Europe’s quarterly study of selected public sporting goods industry stocks, their average share price fell by 16.25 percent on a sequential basis in the first quarter of 2022, in contrast with the performance of some major stock indexes during the same period. The Standard & Poor’s 500 ...
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ArticleMore than $2 million already allocated for Ukrainian Olympic Community
The Solidarity Fund established by the International Olympic Committee (IOC) for the Ukrainian Olympic Community and sports movement has received so far over US$2 million, the IOC said. This fund was made up of an initial donation of $1 million from the IOC and Olympic Solidarity, followed by a further ...
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ArticleStockX claims Nike lawsuit mischaracterizes Vault NFTs
On March 31, StockX published a revision of its previous statement, from Feb. 8, on Nike’s lawsuit – filed on Feb. 3 – over the collectibles-trading company’s so-called Vault NFTs. Both statements are available online. StockX began as a marketplace for second-hand collectible items, notably sneakers, with an authentication service ...
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ArticleRens enters the metaverse with carbon-neutral NFTs to mark the launch of “coffee hoodie”
Rens, a Finnish sustainable fashion startup founded in 2018 by Vietnamese sneakerheads Jesse Tran and Son Chu, is adding a vegan athleisure hoodie to its successful collection made from coffee grounds, recycled plastic and bamboo viscose. The sneaker label launched in 2019 with its climate-neutral certified coffee waste and recycled ...
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ArticleThe Italian "sport system" accounts for 3.6% of the country’s GDP, new report says
The sport system in Italy is worth €95.9 billion, namely 3.6 percent of the country’s gross domestic product (GDP), and employs 389,000 people, according to a recent report by Banca Ifis. The study, presented on March 30 at the Italian Olympic Committee (CONI) in Rome, represents the first edition of ...
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ArticleYearly cross-border e-commerce ranking sees DTC sales on the rise
Cross-Border Europe (CBCommerce), a platform promoting cross-border online commerce in Europe, published its yearly Top 500 Cross-Border Retail Europe study on the 500 strongest European players in cross-border e-commerce for the fourth time. Cross-border online commerce (excluding the travel segment) generated total sales of €171.2 billion in the EU in ...
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ArticleU.S. activewear brand Vuori expands into Europe, Australia and Canada
California-based activewear brand Vuori is launching in the U.K., France, Germany, Ireland, the Netherlands, Australia and Canada, marking the first steps in a global rollout announced in late 2021. Consumers in these countries will be able to purchase the brand’s products from country-specific brand web stores. In select markets, Vuori ...
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ArticleLululemon keeps chugging, posts first annual profit in the EMEA
Lululemon Athletica, continuing to deal with supply chain and Covid headwinds in 2021, delivered 47 percent topline growth in 2021 to almost $6.26 billion as it initiated strategies to broaden its reach with current, new, and international customers. The annual operating profit rose by 63 percent to $1.33 billion last ...
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ArticleWNBA player Breanna Stewart and eBay show trailblazer sneaker collection
Whether it’s signature sneakers for women basketball players, boots for women soccer players, or in other sports, there are few professional women athletes who can call a signature shoe their own. Rather, female designers or artists get a shoe named after them. Basketball player Breanna Stewart got her own signature ...
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ArticleCrypto.com, Byju’s and Co: The sponsors and partners of the FIFA World Cup Qatar 2022
For the World Cup in Qatar at the end of 2022, FIFA has designated seven official sponsors. Among them is Crypto.com, the cryptocurrency platform. We have an overview of all sponsors. FIFA has announced two tech companies, Crypto.com and Byju’s, as new sponsors for the World Cup in Qatar. The others are Budweiser, HiSense, McDonald’s, Vivo and Mengniuir. In addition to the seven sponsors for the World Cup, FIFA has six long-term partners.
