Latest headlines – Page 8
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ArticleH&M's Q4 lifted 3% but many store closures are expected in 2025
H&M’s net sales in the fourth quarter, ended Nov. 30, amounted to SEK 62.193 billion (€5.42bn), down from SEK 62.650 billion a year earlier. In local currencies, net sales increased by 3 percent.
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ArticlePerfect Moment names Jane Gottschalk as new president
Perfect Moment appoints co-founder Jane Gottschalk as its new President and hires former Canada Goose executives to drive growth in the ski apparel market.
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ArticleCan Elliot Hill ‘swoosh’ Nike back to the top and does the company have another Jordan in its portfolio?
In a recent interview with Fortune magazine, Nike CEO Elliot Hill had plenty of opportunity to talk about Nike’s fall and how he believes it is returning to the top. It all became a long talk of the need for innovation and new Nike icons.
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ArticleIntersport Sweden becomes shareholder in one of Sweden’s largest bicycle chains
Intersport Sweden has acquired 12 percent of Outdoorgruppen Sverige AB, which operates Tvåhjulsmästarna, one of Sweden’s largest bicycle chains. With this Intersport Sweden will now also purchase bicycles and related products through Outdoorgruppen, which has 52 stores selling bicycles and bicycle parts in Sweden.
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Article12% stake in Golden Goose for Alibaba co-founder
Blue Pool Capital, a Hong Kong-based investment firm and family office founded by Joe Tsai, has acquired a 12% stake in Golden Goose. Oliver Weisberg, Blue Pool Capital’s CEO, will join Golden Goose’s board.
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ArticleAdidas to streamline business, cut HQ positions
Just after Adidas reported better-than-forecast preliminary results for Q4 that included 19 percent sales growth, the company confirmed that there will be layoffs at the company’s headquarters.
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News briefsPickleball company opens up 10 new locations
On January 25th in Nashville, TN, Pickleball Kingdom announced the grand opening of its newest franchise location. Ten more is to come.
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ArticleAuthentic has chosen Reebok golf apparel’s manufacturer
Authentic Brands Group (Authentic) partners with Sports Casuals International (SCI) to expand Reebok’s presence in the golf apparel category.
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ArticlePuma recognized as Top Employer for sixth time
The Top Employers Institute has once again named Puma a “Top Employer”. In the survey Puma has received recognition from employees in all regions and from its 50 subsidiaries. SGI Europe wanted to know why Puma is so successful in this.
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ArticleJ.Lindeberg partners with ambassador with 1.9m followers
Swedish sports and fashion brand J.Lindeberg tries out a new strategy to draw attention to their brand with the signing of their first two Lifestyle Brand Ambassadors in the golf business.
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News briefsDanish company becomes major share holder in Fenix Outdoor
The Danish retail conglomerate behind brands like Jack & Jones and Vero Moda, has increased its stake in Fenix Outdoor.
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News briefsNFL Christmas Day games on Netflix attract over 30 million global viewers
2024 was Netflix’s most-watched Christmas Day ever in the US, said the broadcaster, and viewers from 218 countries and territories overall watched at least one of the games.
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News briefsXXL has a new Senior Vice President
Espen Marthinsen is XXL’s newest hire and begins as SVP Supply Chain Management & Development in February.
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News briefsPlanet Fitness keeps up the pace – opened up 150 clubs in 2024
Planet Fitness, which ended 2024 with 19.7 million members and sales growing 5.0 percent year over year, says it has “just scratched the surface” of international expansion.
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C-Suite InterviewAfter the Olympic fameness of Cybershape – racquet expert Stiga goes west
One sports product stood out at the Paris Olympics despite its modest size. The octagonal racquet Cybershape put the 80-year-old Swedish family business STIGA Sports back on the world map. Now, the venerable company is looking to capitalize on its success and break into the lucrative US racquet market. In three years, the goal is to triple sales of STIGA Sports products in the US. In addition, an upcoming IPO is looming for the venerable family business.
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ArticleZalando report highlights its impact on European economy
The study covers Zalando’s direct gross value added (GVA), number of employees and taxes paid. It analyzes Zalando’s economic impact in several regions, including all of Europe, Germany and specifically Erfurt, where it has one of its logistics centers.
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ArticleAmer Sports starts 2025 with a technology-filled warehouse opening in the Americas
The new warehouse, situated in Ontario, Canada, introduces cutting-edge technology that will accelerate order processing times and optimize storage capacity, ensuring that customer needs are met efficiently in an area where 26 million people live, the company hopes.
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ArticleFrom DTC subscription to wholesale: Why Fabletics Europe is expanding its strategy
The DTC-only Californian activewear brand Fabletics is reaching the limits of organic growth in Europe.
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ArticleBliz Eyewear launches rebranding after EssilorLuxottica takeover
Bliz Eyewear, a Swedish sports eyewear brand, has been part of the EssilorLuxottica Group since January 2024. At ISPO Munich 2024, the label introduced its new look, part of a comprehensive rebranding.
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ArticleSix years on, UA retells its ‘story’ to investors
Its founder back at the helm, the American “sports house” seeks to streamline operations and increase profit by bringing everything back to its logo and its story.
