All Sporting Goods Intelligence articles in Volume 32, Issue 33+34 – Page 2
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Article
Allbirds launches CO²-labelled activewear, but faces greenwashing claims
Allbirds, the San Francisco-based brand of sustainable footwear, has just released its first athletic apparel range, consisting of five women’s styles and two for men, made from different woven and knitted fabrics that integrate recycled polyester and nylons, Merino wool, eucalyptus tree fiber and Tencel Lyocell. Consisting of tank tops, ...
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News briefs
RunLab’s new app helps try out the right sports shoes
A specialized Russian sporting goods retailer, RunLab, has launched a new proprietary application that helps customers choose the most suitable sports shoes better than any other similar technology available on the market, according Eugeny Gavrilov, co-owner of RunLab. “Knowledge of the physiology of sports and an understanding of the biomechanics ...
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Article
361 Degrees sees 15.7% H1 sales lift, looks further abroad
361 Degrees International saw first half revenues increase by 15.7 percent to 3,107 million yuan renminbi (€409.3m-$479.3m), and the Chinese sports company’s attributable net profit grew by 32.9 percent to RMB 401.4 million (€52.9m-$61.9m), thanks in part to lower impairment charges and lower interest following the repurchase of its last ...
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News briefs
Nike to change name of its Alberto Salazar building
According to Fashion News, Nike is changing the name of one of the buildings at its headquarters – in Beaverton, Oregon – from Alberto Salazar to Next%, the name of the distance-running line of sneakers that Eliud Kipchoge wore when he delivered a sub-two-hour time in an unofficial marathon. Back ...
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ArticleRevolutionRace races ahead in first financial report post-listing
Fresh from a June listing on Nasdaq Stockholm, RevolutionRace, the Swedish DTC outdoor company, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), with double or triple-digit growth in all markets. The average order value (AOV) rose to SEK ...
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News briefs
ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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Article
Sports & Leisure unit leads New Wave's Q2 sales higher
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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Article
Fila benefits from improved licensing royalties and Acushnet’s success
Fila Holdings generated group revenues of 1,019,354 million Korean won (€739.4m-$866.2m) in the second quarter ended June 30, up by 63.1 percent on the year earlier, as the Korean-based company’s results continued to benefit from the contribution of its 51-percent owned Acushnet subsidiary and licensing royalties showed a clearly improving ...
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable materials company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category, reducing the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals and with minimal CO² emissions. ...
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News briefsMesse München deploys a 5G network
Exhibitors and visitors at ISPO Munich and other shows organized by Messe München may be able to work on the internet faster in the future.Messe München has announced that it will join forces with the mobile communication operators Telekom, Vodafone and Telefónica Deutschland/O2 to launch one of the world’s most ...
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News briefsChris Hammann is K2 Sports’ new country manager for Germany
Source: K2 Sports Chris Hammann A sporting goods industry expert, Chris Hammann, has jumped on board at K2 Sports starting Aug. 1, taking over the role of country manager for Germany at the K2 Sports office in Penzberg near Munich. He succeeds Karsten Möhrer, who has left ...
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News briefs
Reebok introduces the Human Rights Now! Collection
Reebok has officially debuted the Human Rights Now! Collection, a long-term product platform that is meant to communicate the brand’s mission to inspire human rights and human movement. This collection features graphics inspired by the 1988 Human Rights Now! World Tour, a 20-stop concert series organized at the time to ...
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News briefs
Unisport to sell Liverpool FC merchandise
Liverpool FC has come to terms with Unisport, the Danish-based retailer specializing in team sports, for the sale through its retail network of the English football club’s official merchandise, including the fan jerseys and other products licensed to Nike. The deal concerns both online and brick-and-mortar retail. Unisport operates out ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport Apparel Corp., a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale of Los Angeles for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or ...
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News briefs
Russia is eyeing a bid for the 2036 Olympic Games
Russia is considering the possibility of organizing the 2036 Olympic Games in St. Petersburg or another Russian city. Several other cities have already submitted their bids, said the Russian Foreign Minister, Sergey Lavrov, at a meeting with Olympic champions and medalists in the Sambek village, in Russia’s southern Rostov Region, ...
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News briefs
Castore partners with Coral Eyewear “performance-based lifestyle” sunglasses made with Econyl
Castore and Coral Eyewear have formed a new partnership and product collaboration, designed to enable both brands to expand their use of recycled materials. Through the collaboration, the companies have unveiled the Castore x Coral sunglasses, which are created with regenerated ocean waste. The sunglasses are made with Econyl regenerated ...
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News briefs
On Running’s new shoe promises to extend running distance
With its new shoe, On Running is pledging to double the distance that runners can run. The Cloudstratus sneaker has a double outsole, called CloudTec, and a midsole with Helion superfoam. Three-quarters of the mesh upper is made of recycled polyester, and the shoe has a widened forefoot and narrower ...
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News briefs
Frasers to open two stores in Ireland
Frasers Group is opening two House of Fraser department stores in the Irish cities of Cork and Kildare, at the Mahon Point and Whitewater malls, respectively. Each will be taking over a site of about 75,000 square feet formerly occupied by a Debenhams. Both will also have two floors, with ...
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ArticleLi Ning eyes the foreign market after Q1 sales rise by 65%
Li Ning Company saw revenues increase by 65 percent in the first half of 2021 to 10,197 million yuan renminbi (€1,335m-$1,574m) from the year earlier, when its results were heavily influenced by the Covid-19 pandemic. The Chinese sportswear company’s gross margin expanded by 6.4 percentage points to 53.9 percent and ...
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News briefs
Everlast signs up Muhammad Ali’s grandson
Everlast has announced that Nico Ali Walsh has joined the brand’s roster of elite athletes. Ali Walsh is the grandson of Muhammad Ali, who was one of Everlast’s earliest sponsored athletes. The new partnership between the brand and Ali Walsh coincides with the boxer’s debut fight, which will take place ...
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