SGI Europe Executive Editions
SGI Europe Executive Edition: Vol 35 - 9+10
2024-03-07T09:21:00+00:00
Puma expects business headwinds to persist in H1 of 2024 | IIC reports another successful year | Technical apparel will fuel Amer Sports’ growth in FY24 | Frasers Group boosts board with key appointments | Foot Locker delivers tepid outlook, delays Ebit margin objective | Moncler Group’s FY23 Ebit increases by 15 percent | Acushnet pleased with golf’s resilience across the EMEA | Gymshark’s annual profit drops despite higher sales | Bowflex files for bankruptcy protection, reaches stalking horse agreement | OOSC Clothing secures £1.4m export finance deal to fuel global expansion | Moncler: Grinta withdraws from Double R, signs consultation agreement with RPH | Salomon launches 3rd gen of Index recyclable running shoe | Gildan results benefit from higher customer replenishment | Globe spinning in right direction with shift in focus | A bright future for pickleball in Spain? | Refurbed expands into the second-hand sporting goods market | A new player emerges in the Russian sporting goods market
SGI Europe Executive Edition: Vol 35 - 7+8
2024-02-22T08:36:00+00:00
Nike announces 2% workforce reduction | Asics eyes modest FY24 growth, but flat sales in Europe | Topgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024 | XXL promises Ebitda improvements amid cost-cutting | European market remains strong for Under Armour | Wolverine makes progress on turnaround but more bumps likely | KMD Brands sees soft H1 group sales | Alpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins | GoPro’s retail strategy ahead of plan despite Q4, FY losses | Crocs brand kicks off 2024 with momentum, $5bn sales target not until later | HanesBrands plots next moves for Champion business | Mizuno posts strong nine-month results, lifts FY outlook | Tiger Woods unveils Sun Day Red apparel brand | Enda Athletic founder appointed as On’s head of Africa | Winter sports industry unites for climate action, join UN Race to Zero campaign | Xponential completes divestiture of Stride Fitness | Sales at AFP up 8%, though short of expectations | Unfair competition: HDE calls for clear rules for Temu & Co | Squash racquet market is poised to increase, but needs more visibility
SGI Europe Executive Edition: Vol 35 - 5+6
2024-02-08T11:53:00+00:00
Adidas eyes €500m operating profit for FY24, most Yeezy inventories won’t be written off | The North Face, EMEA stronger in “challenging” VF quarter | Puma gets “A” rating for second year running on CDP Climate Change list | Intersport Germany continues to grow in 22/23 | Opportunities ahead – WFSGI and McKinsey release 2024 report | Decathlon releases VR shopping app in US | Amazon announces AI-powered shopping assistant | Done deal: PGA Tour announces investment agreement with Strategic Sports Group | Sport 2000 with stable development in 2023 | Deckers raises FY guidance, sets CEO succession plan after strong results | PayPal introduces six new checkout innovations | Macron posts 15 percent sales increase | Columbia faces revenue decline challenge | Real Madrid becomes football club with highest revenue, says Deloitte report | Sneaker design democratized? Zellerfield launches design platform | German e-commerce sales bottom out
SGI Europe Executive Edition: Vol 35 - 3+4
2024-01-25T07:49:00+00:00
Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4% | Puma shares decline on FY24 outlook | Amer Sports looks to raise $1.8bn from IPO next week | Campion to leave Nike after 17 years, joins UCLA | New CPO, President of Americas at Under Armour | Wolverine Worldwide sells Sperry to Authentic | Founder of Snipes steps down as CEO | Sprague becomes new CEO of POW | Decathlon Austria with successful 2023 | Russia faces 50% increase in prices for European sporting goods | Puma named “Top employer globally” | ANWR Group accelerates positioning of affiliated retail networks | Counterfeit products cost EU companies €16 billion in sales each year | A review of pro golf’s pending big deal | Vivobarefoot, Balena present 3D-printed, customized and fully compostable shoe
SGI Europe Executive Edition: Vol 35 - 1+2
2024-01-10T18:01:00+00:00
Wolverine Worldwide on expected FY course, update on transformation | Amer’s Arc’teryx brand key to sales growth in China | JD Sports cuts profit forecast due to weak consumer spending | Footway Group announces extraordinary general meeting, restructuring nearing completion | Crocs expects record revenues, raises FY guidance | Uvex Sports Group with new executive management | Xponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan | A challenger rises in Spanish pádel e-tail
SGI Europe Executive Edition: Vol 34 - 49+50
2023-12-27T13:35:00+00:00
Nike eyes innovation, cost cuts to drive future results | Analysis: The world’s biggest sports retailers | Analysis: The top sporting goods industry performers by sales and profits in Q3 2023 | Asics sells outdoor subsidiary to Chinese investor | EU adopts supply chain directive | Manchester United reaches agreement for Ratcliffe to acquire 25% of shares | Pádel Nuestro ups its year-end sales forecast | A year in review for padel | Arena has become a Benefit Corporation | China’s Bosideng takes strides toward net zero emissions and sustainable fashion | Zeal Optics introduces Re-Shred recycled goggle initiative
SGI Europe Executive Edition: Vol 34 - 47+48
2023-12-13T16:39:00+00:00
Lululemon eyes men’s, footwear as key growth opportunities | Frasers confident in strategy despite short-term challenges for premium lifestyle biz | EU bans destruction of unsold textiles, footwear | Analysis: The European Sports Retail Market | Zumiez braces for FY loss despite higher Blue Tomato sales | Dutch business of JD Sports declared bankrupt | Irving invests in sneaker marketplace Kicks Crew | WFSGI to tackle physical inactivity with new strategic plan for the sporting goods industry | WeSports invests in Tretorn and Thevea Group | Under Armour makes proprietary fiber-shed test method publicly available | Puma announces partnership with New Zealand Football Association | Atleet flying high for Tréndico | Puma turns sneakers into compost | Reebok is preparing a new digital sneaker | Women’s elite sport revenues to surpass $1bn for the first time in 2024 | Prowinter presents program of upcoming trade show in Bolzano | Sports eyewear market to post 7.3% CAGR by 2027, says new report
SGI Europe Executive Edition: Vol 34 - 45+46
2023-11-30T07:01:00+00:00
Foot Locker takes measures to reach two types of holiday shoppers | Asics sets FY26 targets, eyes operating margin of 12 percent | EssilorLuxottica adds Swedish eyewear brand Bliz to sports portfolio | Strong e-commerce sales bolster Björn Borg results | Latest StockX report gives an insight into what sneakerheads want | FESI welcomes EU Council’s latest steps towards gender equality in sports | How Sport 2000’s “One Sport” strategy is evolving | France announces physical activity and sport as 2024’s “Grande Cause Nationale” | Snowboard brand Forum returns to Europe | Digitalization is key for 85% of European SMEs, but gaps in tech adoption
SGI Europe Executive Edition: Vol 34 - 43+44
2023-11-15T22:31:00+00:00
Adidas inventory cuts improve; sees strong demand for Samba, Gazelle | On Holding maintains lofty objectives despite moderating wholesale revenues | Wolverine Worldwide lowers outlook as overhaul moves forward | Asics lifts FY outlook again as 9-month grows by 73% | Under Armour drops FY sales outlook on continued US woes | Topgolf Callaway reports earnings decline, lowers forecast | Canada Goose lowers FY24 outlook, increases reliance on DTC | FilaHoldings’ results hurt by challenges in US, Korea | Descente’s operating profit dips due to absence of one-time gain | CoDi sells Marucci Sports to Fox Factory | Intersport Germany sells Sport Voswinkel to Italian retailer | Nike Inc. makes executive changes to help “reimagine sport for the next generation of athletes” | Sport 2000 Austria: Zentrasport’s reorganization proceedings closed | Peloton Interactive aims to spin in right direction, but share price dips | GoPro expanding retail network, camera range | Acushnet’s Q3 operating income up 3.4 percent | Crocs taking steps to reset Heydude business | Alpargatas reports Q3 loss despite improving trends | Lower costs, inventory benefit Grupo SBF in Q3 | Below-average order fill rates continue to impact Yue Yuen | Elevate Outdoor Collective fills further key positions | Sweet Protection and Kari Traa are realigning in Central Europe
SGI Europe Executive Edition: Vol 34 - 41+42
2023-11-02T07:35:00+00:00
Analysis: The latest inventory levels in the Sporting Goods Industry, Q2 2023 | Puma maintains FY outlook as Q3 gross margin improves | VF Corp. abandons guidance, commences turnaround plan led by former Vans President | Skechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains | Deckers raises full-year guidance again on continued strength from Hoka, Ugg gains | XXL misses target in Q3: “Neither proud nor satisfied” | Garmin with strong Q3 results | Moncler Group’s revenues rise 7 percent in Q3 | Vulcabras’ sales rise by double-digits for 13th consecutive quarter | Super Retail Group updates year-to-date sales | Rental and second-hand markets contribute nearly £7bn to UK economy | Skechers sets its sights on basketball | Peloton appoints new Australian GM
SGI Europe Executive Edition: Vol 34 - 39+40
2023-10-19T05:51:00+01:00
Analysis: Global athletic footwear sales rise by 14 percent in 2022 | Analysis: Global sports apparel sales slow down in 2022 but Europe outperforms | Re:Thinking Business – Small steps for a big change | VF Corp. investor pushes for turnaround plan | German retail chain SportScheck to be acquired by Frasers | Reebok Basketball puts star power in its C-suite | German e-commerce lacks positive impetus | Intersport Voswinkel invests in growth, opens 50th store | MVC Group acquires 70% of Zoot | Jones Introduces Re-Up Tech Snowboard Recycling Program | FitFlop targets pan-European expansion with new logistics partner | The Beachbody Company unveils new growth plan | Stereo Skis partners with Aamodt, adds FIS-certified comp skis | Four brands present ski boots with Boa Fit System | Pentland Brands restructures product and marketing management
SGI Europe Executive Edition: Vol 34 - 37+38
2023-10-05T06:13:00+01:00
Nike says it’s “turning the corner” toward greater profitability | On’s 3-year financial outlook, aims to become “most premium, global sportswear brand” | SSU accelerates strategic realignment, delists shares from NYSE, new CEO | JD Sports on track for FY profit rise as premium sneaker demand holds up | Intersport Austria with record sales in crisis year 2022/23 | E-commerce sales continue to grow in Europe but at a slower pace | Lululemon and Peloton strike fitness content and apparel deal | Head climbs to number one in tennis racquet sales in Europe | Lululemon releases latest Impact Report | Carbios inaugurates textile recycling facility in France | Major Russian marketplace unveils ambitious plans for sporting goods retail development | Safilo and Amazon launch new smart glasses with Alexa for the US market | FIS joins Sports for Nature Framework | Recap of the Ski Industry Climate Summit 2023
SGI Europe Executive Edition: Vol 34 - 35+36
2023-09-21T06:08:00+01:00
KMD Brands’ FY results dimmed by softer consumer sentiment in Q4 | Zumiez encouraged by some brands in Europe, private label growth | New trio at Schanner’s helm | Asian sneaker marketplace Novelship secures $9.5 million in Series B funding | Salomon gives competitors insight into its winter sports product LCA | Adidas Originals launches new global brand platform | Tecnica presents first ski boot based on new eco-design principles | Muntagnard launches mono-material apparel via Kickstarter to avoid overproduction | EU to take action on late payments | A1 Padel, unfazed, looks to US
SGI Europe Executive Edition: Vol 34 - 33+34
2023-09-07T05:44:00+01:00
Lululemon raises FY outlook; will aim to accelerate its unaided brand awareness | Wolverine sells Hush Puppies IP in China, divests US leather business | On officially announces entry into tennis category ahead of US Open | Baozun acquires intellectual property rights to Hunter for China, Southeast Asia distribution | Decathlon UK continues to grow despite challenging economic conditions | Thélios acquires Vuarnet | Sport-Tiedje becomes Peloton’s strategic partner in Germany | Mips invests in US sensor company | Performance Days expands product range and exhibition space | Crisis shapes Russian sporting goods retail | Decathlon Germany’s boss promoted to run Central, Eastern and Southeastern Europe | Atobi and Asics announce strategic partnership
SGI Europe Executive Edition: Vol 34 - 31+32
2023-08-23T15:53:00+01:00
Adidas’ bumpy year showing some signs of smoothing out | On Holding’s Q2 operating income up 50 percent, but stock price falls | First figures out as Under Armour commences its transition year | Foot Locker committed to Lace Up strategy despite current challenges | Topgolf Callaway maintains FY guidance, Q2 net up 11 percent | China demand boosts Canada Goose Q1, but warns of slower Q2 | Anta Sports gets H1 sales lift from all segments, brands | Wolverine’s new CEO to spearhead turnaround as Q2 results tumble | Peloton Interactive takes steps to accelerate reach; Q4 loss shrinks | Asics raises FY outlook as H1 operating profit soars | Nike to open network of boutique fitness studios in the U.S. | Soft global footwear demand continues to impact Yue Yuen | Fila Holdings’ woes impacted largely by U.S. market | Descente’s Q2 rises by 36 percent | Acushnet paced by U.S., ball sales in Q2 | Champion drags down Hanesbrands in Q2 | Xtep Intl. nets H1 profit from Saucony business | GoPro captures momentum with entry-level cameras; reports Q2 loss | Xponential Fitness operating income ticks up 1 percent in Q2 | Björn Borg reports strong growth in e-commerce | Currency and costs weigh on Yonex’s Q1 results | Nautilus narrows Q1 operating loss despite lower sales | Mizuno generates record Q1 operating profit | Three running brands take top spots in StockX sneaker trades so far this year | NFL legend Tom Brady invests in British football club | Pentland Brands to simplify business structure
SGI Europe Executive Edition: Vol 34 - 29+30
2023-08-03T10:05:00+01:00
Puma maintains full-year guidance despite challenging market as Q2 sales tick up 6% | VF Corp. slashes FY revenue guidance, reports wider Q1 loss | Hoka paces Deckers in Q1, company lifts FY guidance | Columbia dims FY outlook as Q2 net dips 17% | WFSGI announces leadership change | Adidas releases more existing Yeezy products in August | Skechers raises profit forecast as DTC and international shine in Q2 | European ski industry stands strong amid challenges | Sport 2000 Austria: Zentrasport initiates restructuring process | Moncler Group’s H1 revenues surpass €1 billion for first time | Adidas extends contract with Manchester United, guarantees €1bn over 10 years | Frasers scores double-digit FY23 revenue gains in all segments | Vulcabras Q2 results bolstered by locally made athletic footwear | U.S. growth in racquet sports translating to sales of softgoods | Crocs’ shares take hit as Heydude sales outlook tempered
SGI Europe Executive Edition: Vol 34 - 27+28
2023-07-19T16:38:00+01:00
Thule reports best-ever gross margin, higher cash flow from ops | XXL initiates new operating model under new CEO; reports Q2 loss | JD Sports to acquire all remaining shares of Iberian Sports Retail Group | Xponential signs Club Pilates master franchisee in France | Spanish market could break €9bn next year, says Afydad | MAS Holdings invests in HeiQ AeoniQ | Puma commits to bovine leather from verified deforestation-free supply chains | Adidas partners with scientific project: Biopolymers from algae for textiles | Former Nike distributor in Russia launches multibrand retail chain | FESI responds to EU’s ESPR proposal with key concern | Völkl exits pádel market | Europe’s one pickleball firm sets out to conquer America | Ahead of FIFA Women’s, Adidas celebrates the game’s next-gen icons | Nike presents “What The Football” campaign to kick off FIFA Women’s
SGI Europe Executive Edition: Vol 34 - 25+26
2023-07-05T13:14:00+01:00
Nike eyes “healthy, full price growth” as inventory woes dissipate | Analysis: The latest inventory levels in the Sporting Goods Industry, Q1 2023 | SSU lands €150 million in funding, says worst of market disruptions are over | JD Sports sees softer North America but holds guidance | SportsShoes.com reports 20% sales growth in Q1, 140,000 new customers | Investment company acquires Aqualung Group | Hamburg Declaration to combat physical inactivity renewed, IOC supports efforts | Allbirds is giving away the secrets of its net-zero shoe | Coats launches new footwear division | JD Sports to expand into Middle East | Asics announces progress towards its sustainability targets in new report | Vans replaces The Vault with OTW by Vans as its new top product category | Zalando fights EU’s classification as a VLOP | International Boxing Association expelled from Olympic movement
SGI Europe Executive Edition: Vol 34 - 23+24
2023-06-21T14:53:00+01:00
Analysis: Double-digit increase in sales per employee in 2022 | Logitech CEO takes over vacant leadership position at VF | Puma moves global marketing from Boston to Herzogenaurach | Record year for Sport 2000 International | Rottefella wins patent suit against Amer | Russian athletic apparel market in turmoil | Puma appoints new GM for China | Alibaba Group CEO and Chairman resigns to head Alibaba Cloud | Former Decathlon Partnership Director joins Wasserman | Manchester City replaces Real Madrid as the world’s most valuable football brand | Pádel pessimism from a generalist and a specialist alike | Smart insoles supplier announces completion of investment round | Tennis-Point and Tennis Channel launch online merchandise site during Roland Garros
SGI Europe Executive Edition: Vol 34 - 21+22
2023-06-08T06:29:00+01:00
The top sporting goods industry performers by sales and profit Q1 2023 | Sporting Goods 2022 – The top companies worldwide by sales and profit | Lululemon posts strong quarter helped by Greater China | Hoka sales up 20% in FY24, further supporting Deckers’ growth | Hummel sets five-year targets, new DC costs impact FY22 profitability | Zumiez sales continue to slip as Europe, Australia outperform | Senior executive changes at Nike to deepen consumer-led growth | Wolverine Worldwide appoints new company president and key brand leaders | WeSports relaunches Keller Sports, enters partnership with Footway Group | EU Parliament votes in favor of supply chain act, FESI calls for improvements | Rossignol Group strengthens global softgoods division | Lululemon expands global HQ in Vancouver | PGA Tour, DP World Tour and LIV Golf merge into new commercial entity
SGI Europe Executive Edition: Vol 34 - 19+20
2023-05-25T07:03:00+01:00
On Holding raises FY23 outlook; UK, Germany drive EMEA in Q1 | Wolverine explores options for Sperry as Q1 beats forecasts but conditions tighten | Fila Holdings’ Q1 sales, profits dominated by Acushnet | EMEA, Asia-Pacific fuel Q4 sales growth for Canada Goose | Peloton starts “next chapter” with brand and app relaunch | VF Corp. has a “realistic” turnaround strategy in place | Foot Locker lowers full-year outlook on “challenging backdrop” | JD Sports eyes 3.9% profit increase before tax and adjusted items in FY24 | Descente forecasts 9 percent FY23 operating income growth | Golf segment helps drive Mizuno to record FY22 sales | Surf icon Kelly Slater launches sustainable footwear brand | GoPro sees opportunity from new go-to-market effort | Cost-cutting helps Nautilus reduce Q4 operating loss | Technogym posts double-digit sales increase in Q1, driven by B2B | Aqualung expects double-digit growth in 2023, pursues “Horizon 2027” strategy | Strong regional demand fuels Yonex’s FY23 results | Björn Borg increases sales and profit in Q1 | Fitness market rebounds after the pandemic years, says new report | Due to looming business closure, Bleed seeks community support
SGI Europe Executive Edition: Vol 34 - 17+18
2023-05-10T18:43:00+01:00
Adidas begins “bumpy year” with flat revenues, big operating income decline | Surge in Asian markets bolsters Asics in Q1 | Under Armour’s new CEO establishes strategy as latest earnings announced | Peloton makes more strides, prepares app and brand relaunch | Columbia’s Q1 revenues bolstered by early spring shipments, DTC channel | Topgolf Callaway beats Q1 forecasts but trims FY estimates as venue bookings slip | JD Sports Fashion proposes acquisition of Courir | Skechers raises full-year guidance after strong Q1, but braces for domestic wholesale headwinds | Long-term growth outlook for Champion is solid despite current challenges | Stormberg and XXL enter into a strategic partnership | Crocs raises FY revenue outlook, banking on markets outside U.S. to pace growth | Alpargatas looks to boost efficiency, seeks new CEO as sales and margins decrease in Q1 | Acushnet Holdings posts solid results in seasonally strong quarter | Garmin with losses in EMEA and gains in Americas, sticks to FY outlook | Moncler Q1 revenues driven by DTC; new CEO for Stone Island | Vulcabras posts strong Q1 results
SGI Europe Executive Edition: Vol 34 - 15+16
2023-04-27T06:54:00+01:00
Analysis: Sporting Goods Scorecard Q4 2022 – The top performers by sales and profit | Puma maintains FY23 outlook despite margin, profitability pressures | XXL sees 6% sales boost in Q1 as market share rises but margins squeezed | New Wave posts double-digit sales gains in all sports & leisure regions | Gymshark FY results impacted by discounting, restructuring costs | Wintersteiger Group grows 33% in 2022 | Footway sees sales drop in Q1, but grows internationally | Canada Goose with five new executives to drive strategic growth plan | Vuori adds four new executives | Adidas wants to win back China with “patriotic products” | Authentic Brands announces next acquisition | Net zero deadline shifted in Crocs’ 2022 Comfort Report | Adidas announces 96% of polyester used is now recycled | Sportmaster prepares for debut on Uzbek market | DyStar shuts down German plant | SafeSize appoints former IIC executive as CCO | New Sport 2000 brand replaces all previous exclusive labels
SGI Europe Executive Edition: Vol 34 - 13+14
2023-04-13T05:44:00+01:00
Authentic entering “next phase” of Boardriders acquisition | Lululemon exceeds $8bn in revenue, but impairment charge lowers FY profitability | VF reshuffles management of Dickies, Altra, Smartwool and Icebreaker | Arena with best financial result in 50-year history | Under Armour appoints Curry Brand president | Golden Goose sales exceed €500m in FY2022 | Business as usual for the ski industry, with caveats | Puma empowers young people through new sustainability initiative | Anta Sports Products publishes ESG report 2022 | WFSGI cooperates with WHO to improve global health | EOG event program at OutDoor by ISPO