All Sporting Goods Intelligence articles in Volume 32, Issue 41+42
View all stories from this issue.
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C-Suite InterviewSébastien Rohart: The precipitous rise and future plans of Private Sport Shop
Private Sport Shop CEO Sébastien Rohart reveals the secrets behind the growth of the sporting goods giant and how the company will adapt to a fast-changing market.
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News briefs
CORRECTION:
In contrast with previous years, we used figures compiled in euros rather than U.S. dollars in reporting about NPD’s annual Global Sport Market estimate. We have put a new story on our website with the figures in euros as well as dollars, and here are the main data in both ...
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News briefs
CORRECTION: The global sports market was worth $508 billion in 2020
In contrast with previous years, we used figures compiled in euros rather than U.S. dollars in reporting about NPD’s annual Global Sport Market estimate for 2020. We have put a new story on our website with the figures in euros as well as dollars.
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Short stops
Oct. 14 Short Stops: Carver Skateboards - New Balance - Roland Mouret – Skechers - Tonal
Corporate: +++ LeBron James is the latest athlete to join Tonal as an investor and brand partner Management: +++ Dave Root, who recently led Absolute Boards, will be the new president of Carver Skateboards, replacing Neil Carver, the company’s founder, who will concentrate on product innovation ...
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News briefs
Adidas opposes holding the FIFA World Cup every two years
Joining a growing number of industry officials, Kasper Rørsted has criticized plans by FIFA to double the frequency of its football World Cup, holding it every other year. The CEO of Adidas, which is one of the main sponsors of the World Cup, reportedly told a Danish newspaper: “I don’t ...
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News briefs
New share buyback program will lead Adidas to return €1.6 bn to its shareholders this year
Adidas announced the successful completion of the new share buyback program launched in July and the launch of an additional program. Between July 1 and Sept. 30, the company bought back 1,851,522 shares for a total investment of €550 million. Starting on Oct. 18, Adidas plans to buy back additional ...
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News briefs
Vuori gets financing to move outside the U.S.
To help finance its international expansion, SoftBank has made an investment of $400 million in Vuori, a six-year-old activewear brand from Southern California, giving it a valuation of nearly $4 billion. The premium sports apparel brand plans to move outside the U.S. next year by launching omnichannel operations in key ...
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News briefs
Canada Goose opens pop-up in Manchester
Canada Goose has opened a pop-up location on New Cathedral Street in the English city of Manchester. The pop-up is hosting an installation for the senses called “Live in the Open,” with a storytelling platform, to urge “the community to connect with the world around outside;” an exhibition of photographs, ...
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News briefs
Poshmark boosts its sneaker authentication process by buying Suede One
Poshmark, a California-based marketplace for second-hand fashion products, has acquired a virtual sneaker authentication platform called Suede One. The price of the takeover was not disclosed. Founded in 2020, the latter is said to achieve 99 percent accuracy in recognizing popular models such as those of Jordan and Yeezy by ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 41+42
NPD: World market flat or down 4% | Industry stocks down 8% in 3 months | Pon acquires Dorel Sports | iFIT drops its planned IPO | Boohoo launches Debenhams marketplace | Asos’ CEO quits amid profit warning | New top managers for IIC | Sports and finance prop up ANWR | Promising tennis sales in Europe | New international study on exercising | Bernard Tapie has passed away
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ArticleNPD: The world market was flat or down 4% in 2020
It’s all a matter of defining the scope of the sporting goods market. The NPD Group’s annual Global Sport Market Estimate shows that it remained flat at €429 billion in the 2020 pandemic year, after continued increases since 2009. The NPD study points out that it would have fallen by ...
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News briefs
Polartec adds fabric library to Browzwear for digital 3D design solution
Polartec has started a new partnership with Browzwear, a provider of 3D digital solutions for the apparel industry headquartered in Singapore, with seven offices around the world. Browzwear software users will now be able to design and create new styles with Polartec’s range of performance fabrics. An internet-based library of ...
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News briefs
Cantet leaves Private Sport Shop to run Moustache Bikes
On Jan. 1, 2022, Olivier Cantet, a 56-year-old executive with over 20 years of management experience in the outdoor and sporting goods industry who describes himself as a “leading French e-bike specialist,” will join Moustache Bikes, a ten-year-old French supplier of e-bikes, as CEO. He will leave Private Sport Shop, ...
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News briefs
VF and WaterAid partner to vaccinate Cambodians
In an effort to protect workers’ health and keep the supply chain steady, VF is supporting the distribution of Covid-19 vaccines in Cambodia. VF’s Worker and Community Development program, partnering with the nonprofit WaterAid to support the rollout of the Cambodian government’s Covid-19 response plan. More than 20,000 factory workers ...
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Short stops
Oct. 12/13 Short Stops: Adidas – Allbirds - Black Crows – GoPro - Havaianas – IMG – Intersport Austria - Lacoste – Maje/Varley – Odlo - On Running – Santini/Le Coq
Management: +++ Odlo has promoted two executives – Thomas Krichel and Angelika Wratschko - as sales managers for the markets of Germany and Austria, and Pia Knapik to the position of key account manager for e-commerce +++ Shaz Kahng, a former Nike executive and CEO of Lucy Acitvewear, ...
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ArticleTwo new top managers for Intersport International
Christian Wille, a 43-year-old German citizen who holds a university degree in international finance, will take the place of Martin Künzi as chief financial officer of Intersport International Corp. (IIC) as of January 2022. He will join IIC’s executive management board at the same time as Mateja Jesenek, a 54-year-old ...
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News briefs
Vietnam woes penalize Yue Yuen and other producers
Yue Yuen’s revenues were down by 24 percent to $541.5 million year-on-year in September, with decreases of 22 percent in manufacturing and 25 percent at retail. Total revenues were still up by 6 percent to $6.44 billion for the first nine months of this year. The company relies on Vietnam ...
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News briefs
Gymshark is reportedly weighing an IPO
Ben Francis, the 29-year-old British entrepreneur who co-founded Gymshark in 2012, and his private equity supporters have started discussions with investment banks and potential institutional investors about a possible public offering, according to Sky News. The talks are said to be in a preliminary stage. There is no certainty that ...
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News briefs
NURVV Run gets help to develop its smart insole
NURVV Run, the six-year-old, London-based developer of running wearables, has received an award for funding and intensive mentoring for its next phase of research on smart insoles from the creative R&D program of Business of Fashion, Textiles and Technology (BFTT). As a result, it will have access this year and ...
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News briefs
Nike, Asics have the fastest carbon-plated shoes, study says
Did Eliud Kipchoge get a boost from his sneakers on his sub-two-hour marathon? It appears so, and Nike and Asics might have the fastest distance-running shoes on the market. Researchers at Stephen F. Austin State University in Nacogdoches, Texas, have compared the “running economy” – best conversion of energy to ...
