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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 15+16
US sporting goods imports decline sharply in Q1 | Court approves BowFlex purchase agreement | Decathlon’s global revenue surges by 4.4% to €15.6 billion | Superdry unveils restructuring plans amid financial struggles | “Biggest marketing investment ever”: Puma launches brand campaign | Climate responsibility rating: H&M and Inditex are better than Nike and Adidas | Asics study reveals link between teenage exercise and adult mental wellbeing | More trouble with uniforms for Nike, Adidas ends partnership with Parley for the Oceans | Decathlon France raised revenues | focused on circularity in FY23 | Lululemon unveils Team Canada’s kit for Paris 2024 | Protest supports NGOs and initiatives that ‘help everyone ride more’ | Agilitas Sports appoints former Adidas Design Director as VP Footwear Design | Asics presents new Nimbus Mirai as its “most circular shoe ever” | Change of Iberian plans for Sprinter, Sport Zone
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 13+14
Nike posts digital decline for first time in nine years | Lululemon posts strong Q4 results, some Q1 softness in US | Majority of Foot Locker’s annual non-US sales generated by five countries | DFB’s Strategic Shift: Adidas to Nike, Redefining Football Apparel’s Future | Anta Sports’ FY23 operating profit rises 45 percent | Fila Holdings continues to reshape business model | Busy summer of sports, soft comps should bolster JD Sports | Nike addresses backlash over England kit for Euro 2024 | Shein considers supply chain as a service | Grupo SBF improves key metrics in FY23 | Lamoda Sport and DeSport gear up development strategies | Competition on marketplaces is becoming increasingly difficult: Russian retailers
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 11+12
Adidas posts first loss in 30 years, eyes €500m operating profit in FY24 | Is Topgolf Callaway on the Market? South Korean sources says so | On eyes greater reliance on DTC, apparel | Allbirds has a new CEO | Zalando wants to cover 15% of the European fashion market | Puma achieves greenhouse gas reduction targets ahead of schedule | Decathlon rebrands to ‘ignite global passion for sport’ | The Weber era at Brooks is coming to an end | More losses at Allbirds | Xtep Intl. annual profit hits all-time high | Yue Yuen’s profit, sales slip in soft FY23 | Li Ning considers privatizing sportswear firm amid market challenges | Italy’s Cisalfa to take over SportScheck | Puma partners with Google Cloud to enhance online retail experience | Boxing equipment market to accelerate at a CAGR of 4% by 2027 | China’s athleisure market poised to hit $82.8 billion by 2024 | France’s proposal against fast fashion | Sympatex unveils new more sustainable dying solutions | Progress in ski boot recycling; call for collaboration | EFTA states and India deepen economic partnership with new trade agreement
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 9+10
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
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 7+8
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
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 5+6
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
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 3+4
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
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 1+2
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 49+50
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 47+48
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 45+46
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 43+44
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 41+42
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 39+40
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 37+38
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 35+36
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 33+34
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 31+32
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 29+30
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 27+28
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
