All PDF Newsletter articles – Page 2
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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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 25+26
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 23+24
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 21+22
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 19+20
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 17+18
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 15+16
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 13+14
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
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 11+12
Analysis: Taking stock of sporting goods inventory levels | Nike’s gross margin takes hit on further inventory liquidations | On Holding sees ongoing momentum in 2023, surpasses the CHF 1bn sales mark | Li Ning’s annual profit inches up on 14 percent revenue growth | Anta’s FY profit is flat despite revenue expansion | Foot Locker Q4 net drops 82%, sets long-term targets and closes Hong Kong stores | Fila’s FY22 profitability driven by Acushnet | Tecnica Group wraps up record financial year | EU releases proposal for new green claims law | Decathlon goods return to Russia | Xtep Intl. sees annual revenues surge to all-time high | KMD Brands H1 sales grow as pandemic effects subside | Nike publishes FY 2022 Impact Report | 361 Degrees reports flat FY22 operating income
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 9+10
Adidas faces transition year; results suffer from Yeezy, challenging China | Puma CEO Arne Freundt: “We are hungry” | Allbirds’ Q4 loss widens; company sets transformation plan | Decathlon Germany cracks the €1 billion sales mark | Zumiez remains positive on Europe as overall results slip | Yue Yuen delivers solid FY results, but warns about gathering headwinds | Xponential Fitness posts operating profit in Q4, FY22 | Grupo SBF’s star segment in FY22 is Fisia | Vulcabras’ momentum in athletic footwear persists | Trove releases first-of-its-kind Brand Resale Index for 2023
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 7+8
Puma eyes more gains after record FY22 | Evolving Wolverine Worldwide forecasts meaningful profit progress in H2 | Moncler Q4 sales top €1 billion threshold | Is ABG buying Boardriders? | Nike tops global retailers list among sports retailers | Garmin operating income dips in Q4, eyes $5 billion in FY23 sales | Crocs brand gains traction in EU; Heydude prepares for expanded distribution | Super Retail Group profit up 38% in H1 | Acushnet FY22 sales rise by double digits in all categories | Brooks’ success builds on connection with runners worldwide | Elevate Outdoor Collective appoints chief operations officer | Kim Scholze appointed to Sympatex’ executive board | Sportmaster rejects takeover of former Russian Decathlon chain | Puma gets ready to celebrate 75 years, in the real world and in the metaverse | ISPO Beijing 2023 with 50% increase in visitors compared to 2022
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 5+6
Adidas braces for a hard year ahead after a difficult 2022 | Signa Sports United braces for slow first half | VF Corp. takes action to improve performance, divesting pack brands | Under Armour reports improved results, EMEA shines | Asics posts double-digit sales gains in all regions in FY22 | Skechers Q4 sales jump announced along with full year 2022 financial results | Topgolf Callaway lifts forecasts as venues offset weaker golf gear sales | Columbia eyes 3% to 6% sales growth in FY23, EMEA strong in FY22 | Canada Goose lowers FY23 outlook | Hanesbrands shifts capital allocation strategy, shares plunge | GoPro aims for $100m in FY23 subscription revenue | Deckers raises sales and earnings guidance after better-than-expected Q3 | Thule announces change in CEO and president position | Thule continues to suffer from slumping bike product sales in Q4 | XXL ASA exiting Austria, raising new equity | Mizuno lands improved results, record Q3 revenues | JD Sports unveils plans for sales growth, rapid store expansion | Alpargatas’ Q4 reflects inflation eroding purchasing power | Nautilus sees lower retail order trend continuing | Yonex hikes FY outlook on improving overseas trends | Descente nine-month operating income jumps | Base Detall Sport doing pre-pandemic business
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
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PDF NewsletterSGI 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
