All Racquet Sports articles – Page 8
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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 ...
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News briefsPadel Trend Expo preparing for its second edition
The second edition of Padel Trend Expo is scheduled for Jan. 19-21, 2024, at Allianz MiCo in Milan, Italy. Last year’s inaugural edition drew about 100 exhibitors and 18,000 visitors, some 2,000 of whom set foot on the six available pádel courts to take classes with professional coaches or try ...
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News briefsWheelchair-pádel tournament coming up
The association Missing Link Sport, as The Padel Paper reports, has put out a call for entrants for the 2023 International Tournament for padel-fauteuil, or wheelchair pádel, scheduled for Aug. 30 - Sept. 1 in Paris. Missing Link specializes in promoting the para-version of pádel in France ...
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News briefsCallaway and Jon Rahm sign extension that includes equity stake
Callaway Golf and Spanish pro golfer Jon Rahm have announced a new long-term partnership extension. Rahm, who currently leads the PGA Tour with four wins in 2023, joined Callaway in 2021. The extension includes an “equity position” for Rahm in Topgolf Callaway Brands. Rahm will continue to use Callaway and ...
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ArticleVölkl exits pádel market
Völkl is getting out of the pádel market and refocusing on tennis, as the German brand’s sales director for racquet sports in Spain, Héctor García, told CMDsport. The reversal, he observes, is enabling Völkl to evade some of pádel’s present-day turmoil. “This is not the time to enter” that market. ...
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ArticleEurope’s one pickleball firm sets out to conquer America
Back in 2020, amid the lockdowns, Xiana López discovered through a market study that Europe had yet to produce a pure player in the pickleball business, despite the buzz floating over the pond from the U.S. There were pádel and tennis brands selling pickleball racquets, but none that would develop ...
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News briefsSSU adds former Accell Group CEO to board of directors
Signa Sports United N.V. (SSU), an NYSE-listed sports e-commerce company with businesses in cycling, tennis, outdoor and team sports, announced the appointment of Anthonie Anbeek to its board of directors, effective April 1, 2024. Anbeek, an experienced consumer products and cycling executive who most recently served as CEO of bicycle ...
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News briefsICC announces equal prize money for men’s and women’s teams in cricket
The International Cricket Council (ICC) has announced that men’s and women’s teams will receive equal prize money at ICC events. The historic decision was taken at the ICC Annual Conference in Durban, South Africa, ”well ahead” of the 2030 scheduled deadline that had previously been set for that objective. Teams ...
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ArticlePádel making an approach to VR
Vista Animations and Motion Capture Barcelona have spent the past 20 months developing the first virtual reality (VR) manifestation of pádel. “At the beginning,” lead developer Sergi Anglada tells The Padel Paper, which has done a full write-up, “we didn’t know how far we could go and whether the technology ...
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News briefsFIP expands by eight
At its recent general assembly the International Padel Federation (FIP) raised its total of countries represented to 71, thanks to the addition of eight: Slovakia, Montenegro, Kosovo, Luxembourg, Kazakhstan, Azerbaijan, Tunisia and Venezuela. Slovakia has established national men’s and women’s teams, built its National Padel Centre (with bi-weekly tournaments) in ...
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ArticleA “courtside” look at the pádel market
Sales have been flat so far this year at Padel Courts Deluxe, CEO Fernando Cánovas tells CMDsport. Now that mid-year is behind us, moreover, he believes it safe to say that 2023 will be a year of transition in the pádel-court business, with growth picking up once more in the ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsTennis HoF goes digital
With the help of Infosys, the International Tennis Hall of Fame (ITHF) has instituted a metaverse. Visitors can peruse holographic statues of the greats (Navratilova, Laver, King, Ashe, Vergeer et al.), virtual artifacts (a racquet of Stefanie Graf’s from her Golden Slam of 1988, a dress of Serena Williams’s from ...
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ArticleSkechers commits to English pickleball
Skechers has been named the official footwear sponsor of the 2023 English Open and English Nationals pickleball tournaments by Pickleball England. Last year, Skechers signed its first two elite pickleball athletes in the US and Canada, Tyson McGuffin and Catherine Parenteau. Shortly thereafter, the brand introduced the ...
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News briefsLPGA sponsors reap up to 400% return on their investment, suggests new report
Brands that sponsor the Ladies Professional Golf Association (LPGA) are gaining up to a 400 percent return on their investment, according to a report from global sports and entertainment intelligence platform SponsorUnited. The report was compiled using SponsorUnited’s proprietary platform, based on data from 1,200 brands, 75 athletes and nearly ...
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News briefsJannik Sinner brings Gucci bag to Wimbledon’s Centre Court
Italian tennis player Jannik Sinner became the first-ever player to carry a non-white luxury branded bag, as opposed to a bag from a technical sponsor, onto a Wimbledon court on July 3. Sinner is an ambassador for Gucci. The custom bag, created by the Italian fashion house with the player, ...
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News briefsPPL adds eighth pádel team
The Pro Padel League (PPL), which operates in North America, has added an eighth team, representing New York City. Its ownership will be detailed over the summer, and the franchise will enter league play next season. Among the people behind the other franchises are musician (“King of Reggaeton”) Daddy Yankee ...
