• SGI Europe Executive Edition: Vol 35 - 11+12
    PDF Newsletter

    SGI Europe Executive Edition: Vol 35 - 11+12

    2024-03-21T09:15:00Z

    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

  • Li Ning considers privatizing sportswear firm amid market challenges
    Article

    Li Ning considers privatizing sportswear firm amid market challenges

    2024-03-15T12:18:00Z

    Chinese entrepreneur and former Olympic champion Li Ning is reportedly contemplating the privatization of his sportswear firm listed on the Hong Kong stock exchange, according to sources familiar with the matter. The move would add to a series of similar potential deals amid a challenging market landscape. Li founded Li ...

  • Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%
    Analysis

    Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4%

    2024-01-19T08:46:00Z

    Which of the top 86 sporting goods companies performed best, and which lost ground in 2023? Get the figures.

  • Short stops

    Short Stops Week 51, 2023

    2023-12-17T09:16:00Z

    EXECUTIVE CHANGES +++ US activewear brand Vuori has hired former Levi Strauss CMO Karen Riley-Grant as Chief Marketing Officer, effective Jan. 22, 2024 +++ Following the resignation of CFO and Company Secretary Jessica Moelands, effective Dec. 31, Globe International has promoted Samantha Cook to Company Secretary and appointed Karen ...

  • SGI Europe Executive Edition: Vol 34 - 41+42
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 41+42

    2023-11-02T07:35:00Z

    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

  • Li Ning updates Q3 results
    News briefs

    Li Ning updates Q3 results

    2023-10-27T05:57:00Z

    Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, increased by mid-single-digits year-over-year in Q3. Retail/wholesale (offline channel) sales rose by high single digits; direct sales improved by the “low twenties,” wholesale franchised distributor sales inched up by a low single digit, and e-commerce sales slipped by a ...

  • SGI Europe Executive Edition: Vol 34 - 15+16
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 15+16

    2023-04-27T06:54:00Z

    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

  • Adidas wants to win back China with "patriotic products"
    Article

    Adidas wants to win back China with "patriotic products"

    2023-04-25T14:58:00Z

    A few years ago, China was a promising market for Adidas because the country’s middle class was growing and the margins for Adidas were particularly strong. The brand with the three stripes was one of the most popular Western brands in China. As early as 2008, Adidas opened its (then) ...

  • Li Ning updates Q1 results
    News briefs

    Li Ning updates Q1 results

    2023-04-21T06:42:00Z

    Retail sell-throughs for Li Ning, excluding the group’s Li-Ning Young business, rose by mid-single-digits year-over-year in Q1. The result was bolstered by high-single-digit growth in the offline channel and a mid-teens increase in the retail direct business. Q1 revenues to franchised distributors improved by a mid-single digit as the e-commerce ...

  • SGI Europe Executive Edition: Vol 34 - 11+12
    PDF Newsletter

    SGI Europe Executive Edition: Vol 34 - 11+12

    2023-03-29T06:16:00Z

    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