All Sporting Goods Intelligence articles in Volume 32, Issue 51+52
View all stories from this issue.
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News briefs
Skechers shrinks its board of directors
Skechers has reduced the size of its board of directors to seven members, following the resignation of four current members and the addition of a new one, Zulema Garcia, who will serve on the company’s audit committee. Garcia spent 24 years at KPMG before joining Herbalife Nutrition as senior vice ...
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News briefsPrada partners with the new Aspenx brand for skiwear
Prada has partnered with Aspenx on a six-piece capsule collection of high-end skiwear for men and women. Aspenx describes itself as a contemporary retail and experience brand. It has just been launched by the Aspen Skiing Company, which owns and operates the Aspen Snowmass mountain resort facilities and The Little ...
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News briefs
Joma launches its own padel racquet
The growing popularity of padel tennis, where Spain remains the leader, has led Joma Sport to add padel racquets to the product ranges of its various brands. Joma presented its new racquet at a special international event during the finals of the World Padel Tour Master, for which the brand ...
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Short stops
Dec. 23 Short Stops: Frasers - Gaya/Yoga International – Nike - Phillip Plein
Corporate: +++ Gaia, a subscription video-streaming service with more than 250,000 members practicing yoga on its platform, has acquired Yoga International from the Himalayan Institute, adding 4,000 hours of yoga content to its library Management: +++ After only three months in the post, Anouska Kapur, an ...
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PDF NewsletterSGI Europe Executive Edition: Vol 32 - 51+52
Nike beats Q2 estimates | Adidas releases its first NFTs | ABG strikes global deal with JD | Signa Sports United goes public | Li & Fung teams up with Maersk | Padel Nuestro acquires a rival | FESI questions proposed DSA | New threats to winter sports | Low consumer confidence in the U.K. | New Era Cap refinances itself | Samurai “pushes forward” beyond rugby
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News briefs
UA releases its first NFTs
Like Nike and Adidas before it, Under Armour is embracing non-fungible tokens (NFTs). The American sportswear company has released 2,974 of them, each a digital replica of the Genesis Curry Flow shoe that Steph Curry was wearing on Dec. 14, when he broke the NBA’s record for total three-point shots. ...
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News briefs
Spanish mountain sports retailers' association Green to launch website
CMDsport reports that Green, an association of 13 independent mountain sports retailers in Spain, is set to launch next year a website, called The Green, to promote the association’s name to suppliers and consumers alike. According to Carles Raimundo, owner of Foracorda, a store in Palma de Mallorca that belongs ...
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Article
Li & Fung teams up with Maersk
Li & Fung, the leading Hong Kong-based sourcing company, and Maersk, the world’s largest container shipping company, have agreed to form a strategic partnership to offer a more comprehensive range of end-to-end global supply chain services by utilizing their respective resources. As part of the deal, Li & Fung has ...
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News briefs
Afydad joins ModaEspaña
The Spanish Association of Sporting Goods Manufacturers and Distributors, Afydad, has joined the Spanish Fashion Confederation, Confederación ModaEspaña. Founded in 2013, ModaEspaña includes in its ranks other Spanish trade associations such as Fedecon, AEGP, Asefma, Acme, Acotex, SFA, Regalo Fama, AEDM, Asirtex, APBE, AMSE and Asepri. The move reflects the ...
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News briefs
Skechers takes charge of its distribution in the Philippines
Skechers has taken charge of its distribution in the Philippines through a subsidiary, Skechers USA Philippines. The current distributor, Trendworks International, will continue to sell Skechers products until the end of this year. According to David Weinberg, chief operating officer of Skechers USA, a “dedicated team focused on growth and ...
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News briefs
Alibaba pledges to reduce emissions
Alibaba Group has pledged to make its in-house operations carbon-neutral (Scope 1 and Scope 21 emissions) and to cut its carbon-intensity emissions (Scope 32) by 2030. It has also pledged to cut 1.5 gigatons in carbon emissions from its “business ecosystem” (Scope 3+) by 2035. To accomplish this, the Chinese-based ...
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News briefs
Stadium Outlet continues to expand
Stadium will open a large 1,900-square-meter Stadium Outlet store on the ground floor of the Femman shopping center in Gotherburg in September 2022. The low-cost chain of the Stadium group currently has 62 locations in Sweden, Norway and Finland.
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Article
Ambitious new targets for Slinger
Slinger, the company that introduced the portable Slinger Bag for tennis balls in 2019, is targeting sales of $17 to $18 million for the financial year ending in April from this product, to the exclusion of recent acquisitions, representing year-on-year growth of between 57 and 67 percent. It expects to ...
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News briefsBlue Tomato offers board rentals in Austria, Germany and Netherlands
Instead of just offering its board sports hardware, Blue Tomato has implemented a new equipment rental system both online and in brick-and-mortar stores in Austria, Germany and the Netherlands called “Rent Your Ride.” To date, 14 stores are associated, offering on-site education, rental, and board maintenance services. The boards ...
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News briefsOberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex from Pongs Velours. Velotex specializes in the production of mohair velvet, which is an essential product for ski touring skins, and other products for skiing. The closing of the transaction is scheduled for Jan. 1, 2022. The takeover allows Oberalp to ...
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News briefsArc’teryx launches first winter edition of its academies in Europe
Arc’teryx is already well known in Europe for its yearly summer Alpine Academy event in Chamonix. It is now launching for the first time a series of winter events in Europe, called Arc’teryx Academy, From Feb. 18 to 20, the “Arc’teryx Academy: freeride” premiere will be held in St. Anton, ...
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ArticleNike beats Q2 estimates on strong North American showing
The Nike group reported higher-than-expected earnings and sales in the second quarter ended Nov. 30, as a strong performance in North America offset a continued slowdown in China and persistent, industry-wide supply chain challenges. In the quarter, Nike’s sales inched up by one percent to $11,357 million and were flat ...
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Article
ABG strikes an early deal with the JD group for Reebok
The Authentic Brands Group (ABG) has secured an agreement with JD Sports Fashion for Reebok to be available for sale in all its 2,850 stores in Europe and North America, including those operating under the JD, Size?, Finish Line, DTLR, Shoe Palace, Sprinter and SportZone and their associated e-commerce platforms. ...
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News briefs
Sports Direct’s parent may go private
Frasers Group, parent company of Sports Direct and many other operations, has failed to address so far recent rumors that Mike Ashley, its biggest shareholder, may want to take the company private. He already owns about 68 percent of the shares, and an ongoing share buyback program may soon take ...
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Article
Samurai is “pushing forward” beyond rugby
Capitalizing on the growing popularity of rugby and inspired by its values, Samurai is broadening the range of its apparel collections from teamwear into the wider lifestyle and athleisure sectors to address a wider community of consumers. It’s going to do this with a lot of story-telling on social media ...
