Latest Headlines – Page 7
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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 ...
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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 ...
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BASF and Inditex unveil Loopamid, a circular Nylon 6 based entirely on textile waste
BASF and Inditex jointly announced on Jan. 23 a breakthrough in promoting circularity in the textile industry. With the launch of Loopamid, a Polyamide 6 (a synthetic polymer widely used in numerous textile applications due to its excellent mechanical properties and versatility, also known as Nylon 6) made from 100 ...
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Hela Apparel acquires UK-based Focus Brands from JD Sports
Sri Lanka’s Hela Apparel Holdings Plc announced on its LinkedIn page the acquisition of UK-based apparel brand licensing house Focus Brands. “This marks another major milestone in our journey towards becoming a truly comprehensive solution provider for the apparel sector and will further elevate Hela’s service offering to its customers,” ...
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Intersport Germany continues to grow in 22/23
Source: Intersport Deutschland eG Alexander von Preen With sales of €3.5 billion in the 2022/2023 financial year, Intersport Germany, with over 1,400 associated doors, is building on the record sales figure of the previous year, when it exceeded the €3 billion sales mark for the first time. ...
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Sport 2000 GmbH with stable development in 2023
The consolidated gross external sales of the Sport 2000 5-country network amounted to €2.95 billion in Germany in 2023. The purchasing network comprising Germany, Switzerland, Belgium, the Netherlands and Luxembourg amounted to €4.03 billion. Due to restrained order behavior and the insolvency of some sports retailers, the purchasing volume fell ...
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Puma shares decline on FY24 outlook
Shares in Puma SE declined by €4.49 to €38.49 yesterday, to their lowest level in more than five years, after the group issued a FY24 outlook below the consensus estimate and revealed preliminary FY23 results that were negatively impacted by the “extraordinary devaluation” of Argentine’s Peso in December. Nonetheless, ...
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More industry stakeholders join Spiber to build global circularity solution
Spiber Inc. announced and welcomed new partnerships with DyStar, Kering’s Material Innovation Lab (MIL), Eileen Fisher Inc. and Johnstons of Elgin at the Biofabricate materials conference in Paris on Jan. 12-14. The companies joined Spiber’s Biosphere Circulation project, which presents a pioneering methodology for regenerating biobased and biodegradable textile and ...
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Google is phasing out the cookie
In a plan subject to approval from the UK’s Competition and Markets Authority (CMA), Google is hoping to eliminate the third-party cookie from its browser, Chrome, in the second half of this year. Meanwhile, the company is rolling out to 1 percent of Chrome’s users a new thing called Tracking ...
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Amer Sports looks to raise $1.8bn from IPO
Amer Sports, the parent of Arc’teryx, Salomon, Atomic, and Wilson, aims to sell 100 million shares for a listing on the New York Stock Exchange next week at an opening price of $16 to $18 per unit. The group, which will trade under the “AS” ticker, will float approximately 26 ...
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Beyond Yoga announces leadership changes, prepares for expansion
Michelle Wahler, the co-founder of Beyond Yoga, a Los Angeles-based athleisure apparel brand owned by Levi Strauss & Co. (LS&Co.), announced that she will be stepping down as CEO. Nancy Green, former CEO and president of Athleta, will succeed her to support the brand’s continued growth and expansion within LS&Co.’s ...
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ANWR Group accelerates positioning of affiliated retail networks
Volatile conditions with wars and conflicts around the world, economic uncertainties and high inflation rates weighed on consumers’ buying mood last year. This posed a particular challenge for medium-sized specialist retailers. The focus of the Germany-based ANWR Group in 2023 was on raising the profile and increasing the profitability of ...
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Odlo unveils new brand claim, new media campaign
Swiss sportswear brand Odlo has unveiled a new brand strategy, which will be unveiled on Jan. 25 in combination with the company’s most extensive media campaign to date. The strategy, developed with London-based creative agency AKQA, is designed to “reawaken” outdoor enthusiasts and inspire them to seek fulfillment for body ...
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Fischer celebrates 100 years
Source: © Fischer Sports GmbH CEO Franz Föttinger (2024) Source: Archive Fischer Josef Fischer in 1959 Fischer is celebrating its 100th anniversary this year. The company was founded in 1924 by Joseph Fischer in Upper Austria, where the headquarters are still located today. From ...
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Analysis
Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%
Which of the top 86 sporting goods companies performed best, and which lost ground in 2023? Get the figures.
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StockX reveals the most traded and fastest growing brands
StockX’s annual report entitled “Big Facts: Current Culture Index” was released on Jan. 17 and shows the most traded and fastest growing brands on the platform over the past year, including Asics, Ugg and Arc’teryx. The resale platform reached major milestones in 2023, surpassing 50 million lifetime trades, 15 million ...
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Puma named “Top employer globally”
Puma’s streak of success in the awards department shows no signs of slowing down. As previously reported by SGI Europe, the German company has already clinched awards this year for being the most sustainable player in the industry. Furthermore, they have been lauded for their commitment to gender-neutral practices and ...
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FIS announces Impact Sustainability Program
The International Ski Federation (FIS) has released its newly developed Impact Program, a sustainability action plan designed to guide FIS and its key stakeholders through current and future global sustainability challenges. The program covers the period 2024-2026 and includes short, medium and long-term projects and targets. It will serve as ...
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Counterfeit products cost EU companies €16 billion in sales each year
According to a new study by the European Union Intellectual Property Office (EUIPO), counterfeit goods cost EU industries an estimated €16 billion in sales and nearly 200,000 jobs each year. The 44-page document, titled “Economic Impact of Countering in the Clothing, Cosmetics, and Toy Sectors in the EU,” reveals the ...
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A review of pro golf’s pending big deal
According to Front Office Sports, the CEOs of two major golf leagues are stepping down, namely Keith Pelley of the DP World Tour (the former European Tour) and Martin Slumbers of the R&A, the sport’s governing body in the UK and operator of the Open Championship. Pelley will be replaced ...