All Sporting Goods Intelligence articles in Volume 33, Issue 31+32 – Page 2
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News briefsSportsArt announces worldwide fitness partnership with Accor Group
Source: SportsArt Ruben Mejia, executive vice president, SportsArt Americas SportsArt, a U.S. provider of fitness solutions, has been chosen by Astore – the French multinational hospitality company Accor Group’s procurement organization – as a global preferred vendor outfitting their fitness centers with SportsArt’s patented ECO-POWR cardio equipment. ...
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News briefsMacron and Miami FC announce multi-year partnership renewal
Italian teamwear brand Macron and Miami Football Club have announced that their kit sponsorship agreement has been extended until 2026. The contract has been in place since the club was founded in 2016. The Miami FC competes in the USL Championship, the second tier of men’s soccer in the U.S.
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News briefsUnder Armour settles lawsuit with UCLA for $67.5 million
Under Armour has agreed to pay UCLA $67,491,275 to settle a lawsuit filed by the school two years ago. In June 2020, Under Armour tried to terminate a 15-year, $280 million sponsorship deal signed in 2016, claiming that UCLA had not provided the “marketing benefits” the two parties had initially ...
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Short stops
Short Stops Week 31, 2022
PRODUCT & MARKETING +++ Intersport and French football club Olympique de Marseille are extending their partnership, which has been in place since 2009, for three additional seasons +++ Decathlon is the new technical partner of Italian club L84 Futsal for the 2022/23 season +++ Kappa will be the official supplier ...
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News briefsJD Sports Fashion divests Footasylum to Aurelius Group
JD Sports Fashion has exchanged contracts on July 29, 2022, to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for £37.5 million (€44.7m). Aurelius is a pan-European private equity group with offices in Luxembourg, Munich, London, Stockholm, Madrid, Milan and Amsterdam and over 40 international portfolio companies. The ...
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News briefsAdidas collaborates with South African designer Thebe Magugu
Source: Adidas Thebe Magugu Originals Adidas has unveiled the first of two collaborations with South African luxury designer Thebe Magugu. The expressive sports and style designs celebrate community, heritage and identity, inspired by the designer’s South African upbringing. The debut women’s collection features artwork designed in collaboration ...
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News briefsPou Sheng warns on significant H1 decline
Pou Sheng Intl., the retail subsidiary of Yue Yuen, issued a revenue and profit warning for the first half ended June 30, citing persistent Covid-related restrictions in China that impacted consumer traffic and sentiment during the six months. The group forecasts a 25 percent decline in H1 revenues to 9,865 ...
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News briefs
Deporvillage returns as La Vuelta’s official online store
Spanish sports e-tailer Deporvillage and Unipublic, the organizer of La Vuelta, have signed a collaboration agreement that makes the online sports equipment retailer the official online store of the most important race in the Spanish cycling calendar for the next three years. Deporvillage will sell the four leader’s jerseys made ...
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News briefsNew Balance to reopen stores in Spain starting in August
New Balance closed its stores in Spain and Portugal after its contractual link with Experience, its retail partner, came to an end on Dec. 31, 2021. As reported by Palco23, the company is now planning to open two stores in August at The Style Outlets in Getafe and San Sebastián ...
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News briefsAbout You, Yoox Net-A-Porter and Zalando team up on climate action learning platform
About You, Yoox Net-A-Porter and Zalando are joining forces on a bespoke learning platform to support their brand partners in setting climate targets aligned with science, intending to reduce their greenhouse gas emissions. The customized program, designed to explain the value and process of climate targets, will be available to ...
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News briefsMunich to supply its boots to the referees of the Spanish Football Federation
Munich, the Spanish brand specializing in sports and fashion shoes, has agreed on a new partnership deal with the Real Federación Española de Fútbol (Royal Spanish Football Federation). The brand will supply its football boots to the referees in the Primera (top-tier) and Segunda divisions of men’s and women’s professional ...
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News briefsBasicNet’s H1 Ebit up 82 percent; working on Kappa re-organization
BasicNet’s group net income was €10.7 million against €4.1 million for the first half ended June 30. Ebit improved 82 percent to €15.5 million from €8.5 million in the year-ago period. Aggregate H1 group revenues rose by 28.2 percent to €567.9 million, with commercial licensee sales increasing 17.8 percent to ...
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ArticleVF posts quarterly loss, but EMEA is strongest region
VF Corp. reported a first-quarter loss, related mainly to a $92 million non-cash pension charge. Still, the EMEA region, The North Face and Timberland were the strongest performers for the company in the period ended June 30. In the face of expected currency headwinds, the company is maintaining its fiscal ...
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News briefsVulcabras’ sales, profits soar in Q2
Vulcabras’ net income rose by 207 percent to 95.0 million Brazilian reais (€18.1m) from R$30.9 million for the period ended June 30. Operating earnings (Ebit) increased 73 percent to R$236.2 million (€45.1m). Ebitda was 30 percent higher at R$133.4 million (€25.5m) as the year-on-year gross margin percentage improved to 36.0 ...
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ArticleExperts remain split on nature and effects of the metaverse, Pew study finds
Pew Research Center has released a report titled “The Metaverse in 2040,” detailing the American polling company’s recent unscientific survey of a non-random sample of experts in the field. To be hyperbolic, opinions range all over, from “nothing will happen” to everything will happen,” from “people will go crazy” to ...
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News briefs
Revenues up 71% year-on-year in H1 at ISRG
For the first half of the year, Iberian Sports Retail Group (ISRG) has posted sales of €621 million, for a year-on-year increase of 71 percent. A joint venture between Britain’s JD Sports (50%), Portugal’s Sonae (30%) and the Segarra family (20%), ISRG handles the business of the Sprinter, Sport Zone ...
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News briefsAqualung Group appoints new president for its North America business
Source: Aqualung Group Scott Rittschof Aqualung Group, owner of the Aqualung, Apeks, Aquasphere, Omer, Military Professional, Stohlquist and U.S. Divers dive equipment and watersports brands, has named Scott Rittschof president of its North American business. His appointment, effective Aug. 15, marks the beginning of a new phase ...
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News briefsABG expands Reebok in several EMEA countries
To support Reebok’s new global structure, Authentic Brands Group (ABG) is working with Al Boom Marine in the Middle East and North Africa, Bounty Apparel in South Africa and Flo Magazacilik (Flo) in Turkey to drive distribution and grow the business. The group made the announcement in a newsletter this ...
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News briefsNHL to end kit contract with Adidas after 2023/24 season
The NHL (U.S. National Hockey League) has announced that it will not continue its contract with Adidas as jersey sponsor after the 2023/24 season. The contract between the NHL and Adidas had a term of seven years. Starting with the 2017/18 season, the Herzogenaurach-based company had replaced Reebok, which had ...
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News briefsAmazon with strong revenue and guidance despite significant headwinds
Amazon significantly increased its revenue in the second quarter despite high inflation and recession worries. Revenues increased by seven percent year-on-year to $121.2 billion. Although operating profit fell from $7.7 billion to $3.3 billion, it exceeded experts’ expectations. On the bottom line, Amazon posted a net loss of $2.0 billion, ...
