All Racquet Sports articles – Page 12
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ArticleSports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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News briefsExpanded career zone at the next PGA Show
Following its successful launch in 2023, the PGA Show Career Zone is expanding in 2024. In addition to staff recruitment by golf industry organizations, the Career Zone will offer professional networking events and presentations on employment-related subjects. Informal employer-professional networking receptions will be held each afternoon. Furthermore, the Career Zone ...
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ArticleWeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefsNew expo and second tournament at Monte Carlo
BSG Group, a 30-year-old marketing agency with operations in Rome and Milan, is expanding on a project it brought to life in April of this year: the first edition of the Five Padel Cup, a quintuple tournament in Monte Carlo. Next year’s tournament will be held in conjunction with a ...
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News briefsJ.Lindeberg introduces its first golf shoe range
Swedish sports and fashion brand J.Lindeberg is launching the new Vent 500, the company’s inaugural golf shoe range. The Vent 500 features a water-resistant upper and taped seams for waterproof integrity. The new lightweight golf shoe also boasts a TPU outsole for optimal traction and an Ortholite insole for enhanced ...
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ArticleStrong e-commerce sales bolster Björn Borg results
Björn Borg’s own e-commerce sales increased by 25 percent in Q3, with own comparable store revenues increasing by 16 percent but down 4 percent overall due to planned store closures. Within e-commerce, sports apparel sales grew by 58 percent year-over-year, bag sales rose by 59 percent, and footwear sales stepped ...
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News briefsPadel players association complains to the FIP
The Professional Padel Association (PPA) has taken issue with the manner in which the International Padel Federation (FIP) is handling its tournaments. In a press release on its website, the PPA alleges “irregularities” in player draws and in the allotment of points and prize money. For instance, in the recent ...
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News briefsTiger Woods team rounds out the TGL six
Tiger Woods will be fielding a golf team come January, according to Front Office Sports. Along with David Blitzer, who has stakes in a variety of professional sports clubs in the US and Europe, Woods is founding a franchise – the last of six – in the new TGL league, ...
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ArticleWorld’s top pádel retailer optimistic despite glut
360° Padel Group has reduced its current year revenue forecast to €62 million, according to CMDsport, as the industry-wide inventory glut has sparked a margin-narrowing price war. However, by the end of 2023, it hopes to be operating more than 500 physical stores between its Pádel Nuestro and Pádel Nuestro ...
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News briefsYonex H1 profit slips despite higher sales
Profit attributable to owners of the Japanese company fell by 21.4 percent to ¥4.4 billion (€27.1m) for the six months ended Sept. 30. H1 operating income also declined by 21 percent to ¥5.6 billion (€34.7m) despite a 15.2 percent year-over-year improvement in net sales to ¥57.7 billion (€356.5m). Yonex is ...
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ArticleTopgolf Callaway reports earnings decline, lowers forecast
Topgolf Callaway lowered guidance after a “challenging” third quarter where like-for-like sales at its driving range venues came in lower than expected, leading to shares in the golf equipment and accessories maker to slump by almost a fifth in after-market trading in the US. Revenue at its recreational driving range ...
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News briefsFIP has a new official pádel court
MejorSet (literally, Better Set) has come up with a new design for the official court of the International Padel Federation (FIP) and its tour. The Spanish manufacturer has been supplying official courts for the FIP and its Premier Padel tournaments since 2020. Many of the court’s new specifications are available ...
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ArticleAcushnet’s Q3 operating income up 3.4 percent
Citing strong demand for its products, enthusiasm for the game of golf, and healthy fundamentals across the industry, Acushnet confirmed its full-year revenue outlook and narrowed its full-year expectations for adjusted Ebitda while reporting Q3 results. The Titleist, FootJoy, and Kjus parent continues to see FY revenues in the $2.35 ...
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News briefsTopgolf Callaway acquires US off-course golf operator BigShots Golf
Topgolf Callaway Brands Corp. announced that it has acquired certain assets of Dallas, Texas-based Invited, Inc., the largest owner and operator of private golf clubs in the US, related to its BigShots Golf business. The purchase price for the initial closing is approximately $29 million. The acquisition adds the BigShots ...
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News briefsAI-powered tennis app SwingVision raises $6 million
SwingVision has announced a $6 million Series A financing round led by Authentic Ventures. Other participants include pro tennis players Lindsay Davenport, Alison Riske and Rohan Bopanna, as well as Dropbox’s head of product Youssef Es-skouri and Glenn Solomon of GGV Capital. The new funding will be primarily used to ...
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News briefsGolf apparel market’s growth is fueled by mobile solutions and social media
The global golf apparel market is projected to accelerate at a compound annual growth rate (CAGR) of 6.26 percent during the 2022-2027 period, according to a new 163-page report by Research and Markets, titled “Global Golf Apparel Market 2023-2027.” The adoption of integrated mobile solutions that enhance the overall golfing ...
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ArticleSkechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains
Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending. Sales in the three months ended Sept. 30 reached a record $2,025.0 million, up by 7.8 percent compared to the ...
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News briefsLIV Golf appoints COO
Source: LIV Golf Lawrence J. Burian Following a “competitive international recruiting process,” LIV Golf has announced the appointment of Lawrence J. Burian as Chief Operating Officer (COO). In this role, he will oversee a large range of responsibilities, including corporate development and strategy, investor relations, human resources, ...
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News briefsOn opens second London store
Swiss sportswear brand On is opening a second London store on Nov. 3. After unveiling a three-story flagship store in London’s Regent Street in February, the brand will now inaugurate a new location at 37 Brushfield Street at Spitalfields Market, in East London. The new 280-sqm store will sell the ...
