This section includes the Executive Edition of SGI Europe - Released every two weeks, the Executive Edition of  is the trusted industry briefing for leaders in the sporting goods industry since 1989.

Subscribers receive the newest edition as soon as it releases (Regular PDF version and E-version). The back catalogue of Executive Editions is available below.

SGI Europe Executive Editions

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SGI Europe Executive Edition: Vol 34 - 3+4


“Clouds are gathering on the horizon” – WFSGI and McKinsey release 2023 report | Intersport International reports record year 2022 | Sport 2000 reports another record year | StockX broke records in 2022, reveals most traded and fastest growing brands | A second consecutive record year at Head Spain | Peloton posts strongest quarter in year, but work remains | Red soles and a red light for Amazon in European Court of Justice proceedings | Authentic Brands Group appoints new CFO | Under Armour announces two new board members | CEOs fear a global decline in short and medium term, survey says | The twin forces of pro pádel meet

SGI Europe Vol 34 n°1+2-1

SGI Europe Executive Edition: Vol 34 - 1+2


Analysis: Sporting Goods Industry stocks suffer double-digit market cap decline | Robby Naish has sold his company | Under Armour appoints new president and CEO from Marriott | Anta Sports shuffles roles and responsibilities, Ding Shizhong hands over CEO role | JD Sports sees FY at top end of expectations after Christmas sales surge | Wolverine Worldwide’s profitability will be impacted by inventory reductions | Adidas merges Canadian and U.S. businesses | International will be vital to Crocs’ $4 billion FY23 revenue objective | On has various growth levers to pull | Absolute Teamsport continues to expand | Swedish e-tailer Ridestore nears SEK 1 billion in sales | France introduces new anti-greenwashing rules | Maker of CO2-based polyester raises €22m

SGI Europe Vol 33 n°51+52-1

SGI Europe Executive Edition: Vol 33 - 51+52


Analysis: Sporting Goods Scorecard Q3 2022 – The top performers by sales and profit | Nike’s inventory position improves as China recovery commences | International remains vital in Lululemon’s growth strategy | Retail Analysis: 2021 was a banner year for global sports retailers | Frasers defies downturn to post rise in H1 profits | Designer Brands acquires Topo Athletic | Wolverine Worldwide announces divestitures, staff cuts | Strava’s Year in Sport 2022 reveals the latest industry trends | Zalando reappoints Schröder as COO, Freeman to leave company | Former head of Yeezy-Adidas innovation lab launches FCTRY LAb with $6 million fundraising | Companies call on European Commission to revise REACH regulation

SGI Europe Vol 33 n°49+50-1

SGI Europe Executive Edition: Vol 33 - 49+50


Rendle steps down as CEO, VF revises FY23 outlook | WSFGI elects new board of directors | Currency, inflation weigh on Zumiez results | Foot Locker continues to restructure its management | ISPO Munich 2022: Here to stay – and to learn as well | Consumer sentiment in Europe improves | The crisis is shaping supply on the Russian sporting goods market | Sportmaster unfolds plans to expand the range of Chinese sporting brands | Woolmark announces winners of the Performance Challenge Award 2022

SGI Europe Vol 33 n°47+48-1

SGI Europe Executive Edition: Vol 33 - 47+48


Asics raises FY forecast on gains in performance running in China | World Cup 2022: FIFA expects $6.4bn record revenues | EDM Expert Talk at ISPO Munich 2022 | Nike to launch new digital member platform called .Swoosh | Foot Locker raises FY outlook, decides to exit some geographies | On raises outlook again, vows to “protect the position of the brand” | Rossignol Group plans significantly more revenue, new ESG commitments, novel four-season approach | Wolverine establishes new brand structure, sets bigger focus on profit | Alibaba’s operating income increases 68% | Puma and Foot Locker expand partnership with special collabs for next-gen customers | Fila raises revenue guidance but sees operating profits under pressure | Yue Yuen cautious about months ahead despite strong Q3 | Nautilus drops FY outlook on challenging macro, retail trends | China’s ongoing Covid-19 restrictions may force brands to reconsider market strategy

SGI Europe Vol 33 n°45+46-1

SGI Europe Executive Edition: Vol 33 - 45+46


Gulden returns to Adidas as CEO, Freundt heads Puma with immediate effect | Adidas slashes FY outlook again | Topgolf Callaway tees off with record third quarter; lifts guidance | Challenging market conditions continue to weigh on XXL ASA | Deckers: Hoka is more than a running brand | Allbirds Q3 losses widen, warns of “choppy” holiday trading | Peloton Interactive’s turnaround remains a work in progress | Under Armour “more optimistic” about brand despite current headwinds | VF braces for weaker consumer environment, lowers FY outlook | Bogner reshapes management and corporate structure | Polygiene sales fall as distributors cut order levels | Garmin lifts FY EPS outlook, drops sales forecast by 3 percent | GoPro grows subscription sales by 7 percent; Q3 results impacted by currency | Canada Goose lowers FY outlook on China issues | Double-digit sales decline at Thule Group in Q3 | Hanesbrands’ activewear operating profit declines 30% on flat sales | Mizuno makes gains on improving trends | Moncler’s momentum endures | Descente raises FY outlook | CoDi with record quarter, adds PrimaLoft to branded consumer segment | Acushnet raises constant currency growth guidance but sees significant forex headwinds | Grupo SBF results affected by investments in vital systems | Topsports sees H1 earnings, sales slip | Havaianas’ growth in EMEA slows for Alpargatas

SGI Europe Vol 33 n°43+44-1

SGI Europe Executive Edition: Vol 33 - 43+44


Puma reports strong Q3 results, maintains FY outlook | Adidas cuts guidance again, unveils “business improvement program” after weak Q3 | Red Bull founder Dietrich Mateschitz dies at 78 | Skechers drops fourth-quarter outlook as Q3 net dips | Shimano resists slowing demand with results above pre-Covid level | Adidas severs ties with Kanye West | Rossignol’s recyclable ski composition is now open source | Intersport Germany launches new brand campaign; new report underlines social relevance of sports | Diadora releases its first sustainability report | Polartec introduces new bio-based weather protection technology under Power Shield name

SGI Europe Vol 33 n°41+42-1

SGI Europe Executive Edition: Vol 33 - 41+42


Sporting goods industry stocks down in Q3 | Nike addressing excess inventory; Q1 Ebit falls 13 percent | Peloton’s ride to breakeven cash flow results in more layoffs | VF Corp. sets initiatives for brands to reach FY27 targets | Under Armour announces changes to leadership team | iFIT has a new CEO | Next Textile conference (Oct. 26) focusing on “Re: Source as A Resource” | Eurostat reviews EU sports employment

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SGI Europe Executive Edition: Vol 33 - 39+40


Sporting Goods Scorecard Q2 2022 - Top performers by sales and profit | VF Corp. maps out growth strategy, trims FY23 outlook | KMD Brands sees sales momentum resuming | JD takes cautious view on H2, encouraged by European recovery | International is important cog in Columbia’s growth plan | 74 percent of post-consumer textile in Europe is recyclable | McKinsey has some advice for inflationary times | E-Commerce: Secondhand marketplaces on the rise | Amazon Marketplace reports significant growth in Germany | Cross-border commerce publishes first online retail ranking | Microsoft survey sees managers mistrusting hybrid working models | Corona regulations eased in additional countries | FESI releases manifesto to promote physical activity among young girls | Adidas exhibits its “made to be remade” products in London | Kanye West seeks to part ways with Gap | Fanatics inks new deals with UEFA and ICC | North America gets its first pro pádel league | Eurobike 2023 offers exhibitors three-day B2B participation

SGI Europe Vol 33 n°37+38-1

SGI Europe Executive Edition: Vol 33 - 37+38


Global sports apparel market bounces back, Europe up 33% in 2022 | ISPO Munich 2022: What to expect | Why sporting goods industry inventories rose by 57% in Q2 2022 | Peloton’s co-founders Foley and Kushi step down | Reebok names new CEO as Matt O’Toole moves to ABG | Gymshark opens first brick-and-mortar store | Physical retail in Sweden grows 3% in 2021 | Lululemon stays on strong course, no change to markdown strategy | Zumiez adjusting assortments as customers seek value | Canada Goose shows optimism about consumer demand | Chairman of Pou Sheng resigns, successor already in place | Nike teams up with ILO to reduce road accidents among garment and footwear workers | New Wave Group acquires B.T.C. Activewear | ESG Report 2022: Alibaba reduces carbon footprint by 620,000 tons using renewable energy

SGI Europe Vol 33 n°35+36-1

SGI Europe Executive Edition: Vol 33 - 35+36


Kasper Rorsted to leave Adidas | Peloton Interactive posts $1.24 billion Q4 loss | E-commerce, DTC model bolstered Anta H1 Sales | Foot Locker lowers FY22 outlook slightly, but stock soars on CEO hire | Norwegian sports specialty market grew by 3.6% in 2021 | Callaway Golf to change company name | Canada Goose appoints president for its China business | Xtep profit jumps 38 percent in H1 | 361 Degrees reports 8.7 percent gain in H1 operating income | Super Retail Group posts strong H2 comps | Björn Borg’s sales are down but own e-commerce posts strong growth

SGI Europe Vol 33 n°33+34-1

SGI Europe Executive Edition: Vol 33 - 33+34


Adidas braces for more China woes, potential slowdown in global consumer spending | Signa Sports United results impacted by continued bike woes | On Holding AG keeps rolling on, raises FY guidance again | Asics Corp. H1 sales bolstered by running, hikes FY outlook | Fila’s Q1 revenues boosted by Acushnet, royalty income | Callaway generates double-digit sales gains across all segments, raises FY outlook | Wolverine outperforms in Q2, but lowers FY forecast | Li Ning gets double-digit H1 sales gains from running, basketball | Yue Yuen H1 profits dragged down by Pou Sheng | Brooks Running posts 11 percent increase in Q2 global revenue | Tenson sells ColourWear to Swedish Active Brands Group | ISPO Shanghai in Nanjing with record attendance | Hanesbrands remains committed to Champion despite difficult quarter | Canada Goose revenues rise 24 percent in seasonally small quarter | Allbirds shrinks staff and cuts costs while Q2 loss increases | New Wave’s Sports & Leisure segment sees 53% sales growth in Q2 | Zalando publishes Q2 figures and reveals adjustment plans to improve order economics | Crocs lowers outlook, stock price takes hit | Nautilus maintains H2 outlook despite tough Q1 | Yonex hikes FY outlook on pleasing China recovery | GoPro Q1 revenues driven by subscriptions, EMEA and APAC | Alpargatas sees Havaianas’ revenues fall double-digits in U.S., China | Archroma takes over Textile Effects business from Huntsman

SGI Europe Vol 33 n°31+32-1

SGI Europe Executive Edition: Vol 33 - 31+32


Athletic footwear global sales surged 26.4% in 2021 | Puma raises FY revenue outlook, maintains Ebit forecast | Under Armour prepares for inventory challenges, major drop in FY gross margin | Hoka hits new heights, aims for more | VF posts quarterly loss, but EMEA is strongest region | Frasers Group recovers from Covid and posts rising profits | Alibaba seeks initial listing on Hong Kong Stock Exchange, maintains listing on NYSE | Skechers adopts cautious H2 outlook, plans further distribution center investments | Technogym H1 results pumped up by B2B, North America | Garmin’s Q2 revenues hurt by another double-digit drop for fitness | Bogner records most successful financial year since | Grupo SBF generates 32% of quarterly sales from digital | Shimano sees strong H1 demand despite “cooling down” signs | Moncler results bolstered by big EMEA sales gain | Columbia revises FY22 outlook, will lean on key markets

SGI Europe Vol 33 n°29+30

SGI Europe Executive Edition: Vol 33 - 29+30


XXL ASA’s Q2 profits dip 81% on lower sales | Korean F&F group to acquire Sergio Tacchini | Peugeot Frères Industrie acquires Julbo | Sinking euro signals EU’s slowing economic growth | Adidas releases factsheet on its diversity, equity and inclusion | Russia sees hike in online sales of sporting goods as fears rise over counterfeits | Elevate Outdoor Collective’s new ‘One Team’ approach restructures global sales | Coats acquires Texon | New brand to replace all Sport 2000 private labels from summer 2023 | Frasers Group’s former auditors fined in the U.K. | McKinsey study on textile waste recycling sees economic potential, points out bottlenecks

SGI Europe Vol 33 n°27+28-1

SGI Europe Executive Edition: Vol 33 - 27+28


Analysis: Sporting goods industry stocks down more than 14% in Q2 2022 | Nike net dips 5 percent on Greater China, persistent supply chain woes | Private Sport Shop and SportPursuit merge to form Sportscape Group | Lululemon expands international presence with launch in Spain | SSU outlines U.S. growth strategy | Sportmaster reportedly withdraws from Poland | China Dongxiang posts annual loss on lower revenues | Odlo acquires British sailing brand Henri-Lloyd | Sales up by 18.3% at Decathlon Spain | Intersport Austria sees business model confirmed; outdoor, ski and bike lead the way | Intersport Germany: Growth in challenging times, new store opens in Bad Homburg | The Lycra Company announces new ownership

SGI Europe Vol 33 n°25+26-1

SGI Europe Executive Edition: Vol 33 - 25+26


Sales per employee increased 18% in 2021 | OutDoor by ISPO 2022: Back in business | JD Sports doubles profits but sees flat earnings this year | Saysh secures $8m in funding from Gap’s Athleta and others | U.K. rail strike deserts rail stations and heavily impacts retail companies | McKinsey surveys the metaverse | Sport 2000 wants to stand united internationally | GfK reports Europe-wide retail turnover increase of 6.8 percent in 2021 | Asics releases sustainability report | Outtra establishes expert advisory board | Mips with new strategy, updated financial targets | Closed paper mill in Finnish Lapland becomesInfinited Fibers’ new factory | U.S. ban on imports from Xinjiang goes into effect

SGI Europe Vol 33 n°23+24-1

SGI Europe Executive Edition: Vol 33 - 23+24


Analysis: Sporting Goods Industry Scorecard Q1 2022 | CoDi to acquire PrimaLoft | Signa Sports United Q2 sales bolstered by acquisitions | Lululemon delivers balanced, consistent growth in Q1 | Hummel reports record year, triples German business over last three years | Zumiez Q1 derailed by tough comparison, higher costs | FESI outlines strategic development plan for 2022-2025 | New Frasers Group CEO reorganizes leadership team | Nordic Swan Ecolabel increases focus on textiles | Growth in German e-commerce continues to normalize

SGI Europe Vol 33 n°21+22-1

SGI Europe Executive Edition: Vol 33 - 21+22


Foot Locker sees FY sales at top end of estimates as Q1 hit estimates | On raises full-year guidance after beating expectations in Q1 |VF Corp going strong despite slowdown in Q4 sales due to China lockdowns | JD Sports lifts annual guidance despite footwear shortages | Deckers’ revenues top $3 billion for first time, Hoka set to surpass $1 billion | Frisk to step down from all positions at Under Armour | Canada Goose will drive DTC sales higher this year | Gymshark FY profit up 47 percent, readies London store | Yue Yuen profit dips on retail drag | Fila’s Q1 operating profit dips on supply chain, Acushnet expenses | Nautilus reports Q4 loss as retail re-orders drop | Mizuno hit record EMEA results last year | Thule Group enters new categories, updates financial targets | Wibe to step down as chief executive of XXL | Helly Hansen replaces Phenix as apparel supplier to Norwegian ski team | DeportesCronos to expand Portuguese footprint

SGI Europe Vol 33 n°19+20-1

SGI Europe Executive Edition: Vol 33 - 19+20


Adidas reins in FY expectations as Q1 sales dip, China struggles | Under Armour tempers 2023 growth on near-term challenges | Peloton Interactive working to get wheels aligned as losses mount | Wolverine Worldwide hires Boston Consulting, re-iterates outlook | Columbia Sportswear posts double-digit sales gains in EMEA, U.S., led by footwear | Asics profit dips 17 percent in Q1 | Topgolf tees up earnings guidance rise for Callaway after strong Q1 | Allbirds adopts more cautious FY22 outlook | Crocs Bolstered by higher ASPs, Heydude acquisition | Zalando launches a profit warning as sales decline for the first time | Acushnet sees supply chain constraints hamper resultsRocky Brands posts strong Q1 sales, profits | Moncler posts 61% sales gain in Q1 | Polygiene posts higher net sales in Q1, sees decline in operating profit | Mips reports excellent first quarter | GoPro swings to Q1 profit as DTC sales boost revenues | Vulcabras bolstered by sports brands, e-commerce | EMEA paces Havaianas’ growth for Alpargatas | Yonex bolstered by badminton in Covid recovery year | Grupo SBF generates 88 percent sales increase in Nike business | Airesis sees FY losses narrow as revenues rise 41% | Adidas steps into the void left by Nike at Foot Locker

SGI Europe vol 33 n°17+18-1

SGI Europe Executive Edition: Vol 33 - 17+18


Puma maintains FY guidance despite 20% sales jump in Q1 | Lululemon aims to double its sales, focuses on international expansion | Sporting Goods Scorecard: The top performers by sales, revenue and profit | Swedish sports retail down in Q1 according to Svenskt Sportforum | Brooks stronger than ever as running industry grows | Thule’s margins hold up as Q1 sales grow 20% | Garmin reports record first quarter revenue, growth in nearly all product segments | XXL fails to get boost from Mother Nature in Q1 | Skechers performs despite China, supply chain concerns | Sweden’s Löplabbet continues to grow and breaks new records | Original Buff is closing out a year of “sales corrections”

SGI Europe vol 33 n°15+16-1

SGI Europe Executive Edition: Vol 33 - 15+16


Analysis: Industry stocks fell more than 16% in Q1 | Revenues up by 18% at Decathlon France, up 21% globally | Wintersteiger returns to profit, plans spin-off of its divisions into independent entities | Blackwells urges Peloton to transform or sell | X-Technology reorganizes leadership team | The Italian “sport system” accounts for 3.6% of the country’s GDP, new report says | Russian sporting goods market hit by economic turmoil | Nike remains the world’s most valuable apparel brand | Is Korea the new driver of golf? | Yearly cross-border e-commerce ranking sees DTC sales on the rise

SGI Europe vol 33 n°13+14-1

SGI Europe Executive Edition: Vol 33 - 13+14


Nike encouraged by China and digital momentum | Lululemon keeps chugging, first annual profit in EMEA | KMD Brands aims to return to growth in second half | DTC, e-commerce drive topline for Anta Sports Products | Rossignol bounces back in 2020/21 | Fila Holdings’ annual profit bolstered by Acushnet and China | Li Ning posts strong annual results | Strong 2021 for On | Technogym with strong wholesale growth | 361 Degrees to pump more resources into e-commerce | Xtep’s five-year revenue target bolstered by retail expansion | Vuori expands into Europe, Australia and Canada | The sponsors and partners of FIFA World Cup 2022

SGI Europe Vol 33 n°11+12-1

SGI Europe Executive Edition: Vol 33 - 11+12


Adidas sees sales continuing to fall in Q1 but is optimistic for the year | Tecnica Group shows resilience | Mizuno and Under Armour help Vulcabras to sell more athletic shoes and apparel | Yue Yuen turns around despite a volatile operating environment | Ratcheting up European store growth, Zumiez sees a path to break-even in the region | Sport 2000 Germany reports best result in company history; outdoor, ski touring leading the pack | Women in sports business: facts and figures on international women’s day | Russian footwear market faces a crisis | European Alliance for Physical Activity launched by cross-sector associations | Kering acquires Maui Jim, and Zeal Optics | Ram quits Champion’s parent to run Clarks | Marks & Spencer invests in brand platform The Sports Edit | Joe Nimble and Huntsman collaborate on high-performance running shoe | Norges Bank halts GPFG investment in Li Ning | International Padel Federation unveils name, logo and dates of new official padel tour | The Climate Pledge announces nearly 100 new signatories

SGI Europe Vol 33 n°9+10-1

SGI Europe Executive Edition: Vol 33 - 9+10


Puma sees 2022 sales up at least 10%, headwinds from higher costs, China | Sweaty Betty delivers for Wolverine as Q4 revenues rise | Adidas completes divestiture of Reebok; launches new share buyback program | Signa Sports United grows by only 10.6% as bike supply issues persist | Brooks crosses the $1 bn milestone, growing by 31% globally and by 25% in EMEA | The sports world reacts to the invasion of Ukraine | Driving toward breakeven results, Allbirds preps a wholesale strategy | Crocs expects $6 billion in sales in 2026 | Foot Locker shares take hit on waning Nike product assortment | CoDi foresees slower growth in 2022, postpones 5.11 IPO | Sales surge in Polygiene’s Q4 despite logistics and raw material supply challenges | Global footwear market estimated at $440 billion in 2026 | Moncler’s 2021 sales surpass €2 billion | Yonex jumps by 51.1% | Acushnet suffers setback in Q4, but had a solid year thanks to global golf boom | Odlo buys Janus and moves its wool production to Norway | iFit Health & Fitness raises $355 million in capital, names co-presidents | AliExpress sees global growth in demand for ski equipment thanks to Beijing Games | Sri Lanka’s apparel exports in January set 5-year record |


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Each edition includes insights you won’t find anywhere else:

  • Analysis and rankings of the major companies in athletic footwear, apparel, equipment and retail
    • Detailed analysis of earnings, public offerings, acquisitions
    • Analysis of Direct-to-Consumer and E-Commerce activity
    • Management news on patent, legal, trade and government issues
    • New developments on the international front
  • Retail and distribution landscape analysed
    • Retail consolidation - one of the biggest issues facing the sporting goods industry
    • Analysis of E-tailers and online marketplaces
  • Key executive movements tracking and insights
  • Insights about consumer trends and behaviour
  • Screening of new business models & startups
  • Insights and analysis about technology, data & innovation