All Racquet Sports articles – Page 14
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News briefsYonex opens first overseas showroom
Yonex opened the Yonex Shanghai Showroom, the first overseas showroom for the Japanese sporting goods brand, on Aug. 5, located at 939 Huaihai Middle Road in one of Shanghai’s major shopping areas. The new showroom will allow the brand to share its values through product stories and services. The space ...
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ArticleOn officially announces entry into tennis category ahead of US Open
Source: On Tennis star Roger Federer joined On in 2019 Following its sixth consecutive quarter of record-breaking growth, Swiss sportswear brand On celebrated its entry into tennis last week with a community-focused event at Fort Greene Park in Brooklyn, New York. On Aug. 23, just days before ...
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ArticleNew digs for a Spanish court manufacturer
AFP Courts is hastening to complete a project that – to the exclusion of raw-materials procurement – will focus its entire operation at a single site, according to CMDsport. Situated in Barcelona, the facility encompasses 10,500 square meters, with 3,500 going towards the factory and the remaining 7,000 towards a ...
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News briefsBabolat announces multi-year deal extension with Carlos Alcaraz
French brand Babolat has announced a seven-year extension to its contract with tennis star Carlos Alcaraz, which will now continue until at least 2030. The 21-year-old Spanish-born player was recently crowned Wimbledon champion and previously won the US Open in 2022. Alcaraz signed his first contract with Babolat at the ...
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News briefsWilson celebrates 45th anniversary of US Open partnership
Source: Wilson Wilson Advisory Staff Member, Marta Kostyuk, in the Midtown Tennis Dress Wilson Sporting Goods announced its program around the US Open, which includes exclusive product showcases, athlete appearances, local giveaways and more. “One of Wilson’s most iconic official ball partnerships is with the US Open,” ...
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News briefsGlobal racquet sports equipment market to post 2.78% CAGR to 2026
The racquet sports equipment market is projected to increase by US$469.78 million from 2021 to 2026, representing a compound annual growth rate (CAGR) of 2.78 percent, according to a recent report by research firm Technavio. In 2022, the market increased by 2.3 percent, recovering from the negative impact of the ...
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News briefsQatar has acquired World Padel Tour to form unified Premier Padel circuit
Qatar Sports Investments (QSI), the owner of Premier Padel, has bought the rival tour World Padel Tour from its organizer, Spanish firm Damm, for an undisclosed amount. QSI intends to combine the two competitions into a unified global circuit starting in 2024. World Padel Tour and Premier Padel will continue ...
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News briefsDP World Tour announces revamped schedule and record prize fund
The DP World Tour has announced that the 2024 season will include 44 golf tournaments in 24 countries and a combined record prize fund of £117 million (€137m), excluding the four major championships. The new prize fund represents an increase of around £3.4 million (€4m) from 2023. The 2024 schedule ...
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ArticleAnta Sports gets H1 sales lift from all segments, brands
Anta Sports Products Ltd. achieved a 32 percent increase in H1 operating profit to 7,623 million yuan renminbi (€1.02bn) for the six months ended June 30. Gross margin improved by 130 basis points to 63.3 percent from 62.0 percent, while profit attributable to shareholders increased by 40 percent to RMB ...
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News briefsAmer reports best H1 since acquisition by Anta
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
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News briefsLadies European Tour opens performance institute with R&A
Women’s pro golf tour LET (Ladies European Tour) has launched a new LET Performance Institute (LETPI), supported by The R&A. The institute was officially launched at the AIG Women’s Open at the Walton Heath Golf Club in England on Aug. 12, in the presence of Olympic gold medalist Jessica Ennis-Hill. ...
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ArticleEverysport Group sells media portfolio worth €3.8m
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, has reached an agreement with Better Collective A/S to divest a portfolio consisting of the brands and media sites SvenskaFans (Sweden’s largest online sports fan community with over 750 active contributors), Hockeysverige (the largest ice hockey news ...
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News briefsThe R&A and Golf New Zealand invest in tech solutions provider DotGolf
The R&A and Golf New Zealand have announced that they are forming a strategic partnership with DotGolf, an international provider of golf technology solutions. The partnership will see The R&A and Golf New Zealand take a 50 percent equity stake in DotGolf. Based in Auckland, New Zealand, DotGolf was formed ...
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ArticleBjörn Borg reports strong growth in e-commerce
While Björn Borg’s consolidated net sales were 165.6 million Swedish kronor (€13.9m) in Q2 2023 compared to SEK 161.5 million (€13.5m) in the same period last year (+3 percent), net sales decreased by 2 percent in constant currency, which can be explained by lower sales in stores due to store ...
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News briefsPickleball growing fast in the U.S., report confirms
The Sports & Fitness Industry Association (SFIA) and the online platform Pickleheads have released a report on the state and growth of pickleball in the U.S.. By its estimate, the sport has grown 85.7 percent year-on-year and 158.6 percent over three years. In 2022 there were some 8.9 million players ...
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News briefsPádel Nuestro helping to restore a lagoon
Pádel Nuestro is lending a hand to Spanish environmental non-profit, Asociación de Naturalistas del Sureste (Association of Southeast Naturalists, or ANSE) in its efforts to restore a saltwater lagoon off Murcia. Tons of fish died in the Mar Menor (Minor Sea), as the lagoon is called, in the autumn of ...
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ArticleAcushnet paced by U.S., ball sales in Q2
Acushnet’s operating income increased by 20 percent to $106.5 million from $88.5 million in Q2 as the Titleist, FootJoy, and Kjus parent achieved 4.7 percent revenue growth to $689.4 million from $658.6 million for the period ended June 30. Net income was 12.3 percent at $74.7 million versus $66.5 million ...
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News briefsGarmin Q2 net profit benefits from interest income, currency gains
Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...
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ArticleU.S. growth in racquet sports translating to sales of softgoods
Growth in racquet sports as a practice seems to be spurring growth in related softgoods, or so believe several analysts at Circana, the analytics company that resulted from the merger (in March) of Information Resources (IRI) and The NPD Group (NPD). According to the company’s statistics, the U.S. market for ...
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News briefsSwiss brand On will soon open its first store in Paris
Swiss brand On is expected to open its first Parisian store over the next few weeks. As previously reported by SGI Europe, the store is located within the Marché Saint Germain, in the heart of the elegant sixth arrondissement. On was founded in 2010 by Olivier Bernhard, David Allemann and ...
