All articles by SGI Europe Editorial Team – Page 53
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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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ArticleAuthentic Brands adds another footwear brand to its portfolio
Authentic Brands Group (ABG) has today confirmed its acquisition of footwear brand Rockport after speculation in June of this year that it was the “stalking horse” bidder for The Rockport Company. ABG announced that the United States Bankruptcy Court for the District of Delaware has approved the sale transaction of ...
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ArticleFootway Group has applied for voluntary company reorganization
Swedish Footway Group, operator of specialized online stores, has applied for voluntary company reorganization. According to the company, the decision is based on “the very challenging conditions that the sports retail industry in Sweden and Norway has faced in recent months,” and an acute liquidity situation. During the reconstruction period, ...
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ArticleAdidas reportedly receives €508 million in Yeezy orders
Adidas is said to have received €508 million in orders for 4 million pairs of shoes from the now defunct Yeezy partnership, according to the Financial Times. This, sources report, exceeded the company’s most optimistic forecast, although total net sales were lower than the value of the stock. In its ...
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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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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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ArticleSpanish market could break €9bn next year, says Afydad
Retail revenues (sell-out) for the Spanish sporting goods industry continued its march toward the €9 billion mark in 2022, reaching €8.993 billion through year-on-year growth of 4.6 percent. Things have, however, slowed down since the boom year of 2021, which offered more than twice the growth (11.1%). Last year’s wholesale ...
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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 briefsFootway continues to lose in Q2, Scandinavian market remains difficult
As reported by ehandel.se, the Swedish e-commerce company Footway posted net sales of SEK 240 million (€20.9m) in Q2 of this year, down 15 percent from SEK 283 million (€24.7m) in the same period last year. Just like in the previous quarter, the loss was owed to negative performance in ...
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News briefsOnline boost at Forum Sport for first five months
Forum Sport, which operates under the Forum Sport and Dooers banners, generated a 5 percent year-on-year rise in sales during the first five months of its current financial year, running from Feb. 1 to June 30. Speaking with CMDsport, the Spanish retailer’s Chief Executive, Diego Llorente, has attributed the near ...
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ArticleFESI responds to EU’s ESPR proposal with key concern
The Federation of European Sporting Goods Industry (FESI) has welcomed the EU Parliament’s July 12 adoption of the report on the European Parliament’s Ecodesign for Sustainable Product Regulation (ESPR) proposal. However, it has raised concerns over elements concerning the destruction of unsold goods and how reporting requirements will affect safeguarding ...
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News briefsDecathlon Spain tops €2bn in FY sales
With the value-added tax (VAT) included, Decathlon Spain exceeded €2 billion in sales – reaching €2.106 billion, to be exact – over the course of FY 2022, for a rise of 3.54 percent year-on-year, according to Diffusion Sport and TradeSport alike. Net profit amounted to €100 million. Online sales accounted ...
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WebinarWatch now: Becoming a super winner in the sporting goods industry
Discover what McKinsey’s extensive meta-analysis has found to be the most important factors for a successful business. We will reveal six key strategies that will give companies a competitive edge and the possibility to realize growth potential in this subscriber-only webinar.
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ArticleMcKinsey analysis: 6 key strategies to succeed in the sporting goods market
How can you gain a competitive edge and realize growth? In this exclusive content from McKinsey, we outline what your strategy should include.
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ArticleAsics announces progress towards its sustainability targets in new report
Asics has released its 2022 Sustainability Report, which outlines the company’s progress toward its medium- and long-term sustainability targets. Asics’ sustainability framework encompasses the two main pillars of “People” and “Planet,” both aligned with the United Nation’s Sustainable Development Goals (SDGs). The introduction of the “Gel-Lyte III CM 1.95” sneaker ...
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ArticleThe IdeaList
Committed, convinced and confident: people we call idealists, whose achievements - small and large - stand out for a more sustainable world. They have inspired others, founded movements or protected regions. Some of them have been seen and heard, others less so. But all of these idealists have proven themselves ...
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ArticleLeading the pack
Some industry executives are thinking further ahead. They have visions. And they act. They have understood. And they share. And they seem to be better at connecting the dots. In our first edition of the EDM Sustainable Business Special, we introduce the first four individuals we consider to be true ...
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Infographics & DataTop 10 countries leading the global sports market in 2020
This exclusive interactive chart shows total market size of sporting goods in the U.S., China, Germany, Japan, France, the U.K., Canada, South Korea, India and Italy for the year 2020. The chart can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
Decathlon opened its largest store in Paris last week, with…
Decathlon opened its largest store in Paris last week, with a selling surface of 4,600 square meters in the northeast of the French capital. Decathlon says the new store in the 19th arrondissement covers 65 sports, it sells all of its private labels and offers services such as “click and ...
