All Sporting Goods Intelligence articles in Volume 33, Issue 33+34 – Page 3
-
News briefsNautilus appoints new board chair
Source: Nautilus, Inc Anne Saunders Anne Saunders, a longtime board member at Nautilus, was appointed company chair last week to replace the retiring M. Carl Johnson, III, who has held the position since 2011. Saunders had previous senior executive positions with global florist FTD, Starbucks and NakedWines.com.
-
News briefsWho watched the women's Tour de France?
Viewership in France for the 2022 Tour de France Femmes avec Zwift peaked with 5.1 million, namely a 45.6 percent audience share, tuning into France Télévisions during the final stage on July 31. The race attracted an average audience during its eight stages on France 2 and France 3 (part ...
-
ArticleWolverine outperforms in Q2, but lowers FY forecast
Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...
-
News briefsLi-Ning opens store featuring fast conveyer belt system
Beijing-based sportswear brand Li-Ning has opened its first ”urban custom store,” as the company has called it. Officially opened on Aug. 4, the store is located on the second floor of the Juntai shopping complex, within Beijing’s Xidan shopping area. The store is the brand’s first to feature an “intelligent ...
-
News briefsNike launches maternity training program globally
Nike is introducing a global maternity training program to encourage more pregnant and postpartum women back into sport, dubbed Nike (M)ove Like a Mother. The training program includes cardio, strength training, mobility and yoga throughout every stage of pregnancy. The core of the program is a 24-workout prenatal and postpartum ...
-
News briefsUnited Sports Brands chooses Nogin to optimize e-commerce performance
California-based United Sports Brands (USB) has agreed to a multi-brand Commerce-as-a-Service (CaaS) deal with Nogin, also based in California. CaaS is a cloud-based approach that allows brands and merchants to handle e-commerce while avoiding having to purchase, implement and manage the underlying infrastructure. As part of a three-year agreement, USB ...
-
News briefsCastore signs with Genoa its first kit deal in Italian football
British sportswear brand Castore and Genoa Cricket and Football Club (Genoa) have announced a new multi-year partnership beginning with the 2022/23 season. The deal will see Castore become the Italian club’s official kit and retail partner. The brand will provide bespoke designs for the club’s match and training kits across ...
-
News briefsThe Athlete’s Foot announces Joe Delphry’s seven store franchise transition
The Athlete’s Foot (TAF) announced that Joe Delphry, a TAF franchise owner since 1999, has transitioned his seven stores to The Dahir Group. Delphry and The Dahir Group’s Shady Dahir have been friends for years, a press release states, and TAF is “thrilled that the legacy of Joe’s stores will ...
-
ArticleArchroma takes over Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
-
News briefsStreetwear e-com specialist recruited by J.Lindeberg
Habit.se reports that Andreas Koschnike is joining J.Lindeberg as the brand’s new e-commerce manager. He leaves streetwear retailer Caliroots, which he founded with Per Norell in Stockholm in 2003. In 2004, Caliroots launched its online store. In 2020, the company, by now also comprising the sneaker stores Six Feet Down, ...
-
News briefs
Adidas with e-com-linked supermarket pop-up in Singapore
The Straits Times reports that Adidas has partnered with e-commerce platform Zalora, a leading Asian fashion online store, to launch a supermarket pop-up concept in Singapore. The pop-up at a local supermarket at the Bugis Junction shopping center on Victoria Street, which runs until Aug. 12, features exclusive Adidas items ...
-
News briefs
Correction
In our article “Japanese e-commerce company to acquire majority stake in Phenix owner” (July 27), we incorrectly stated that Shiffon Co., Ltd. is the “owner of Phenix” while Shiffon Co., Ltd. is merely the Phenix licensee for its worldwide sales territories except for China. We apologize for this mistake and ...
-
News briefsMizuno Corp.’s Q1 revenues gain driven by golf
Mizuno Corp. total revenues rose by 7.8 percent to 46.2 billion yen (€334.1m) from ¥42.9 billion in the first quarter ended June 30. Golf and recovery in indoor sports contributed to the gain. The Japanese company recorded a nearly 28 percent net profit increase, a quarterly record for the company, ...
-
ArticleHow should product price differences in the EU be treated in light of geo-blocking?
Online shops: Is geoblocking permitted in cross-border sales? What is the law; what is there to know? Our legal expert brings light to the matter and explains the EU Geo-Blocking Regulation.
-
News briefsSurf Expo launches tool to help buyers, brands connect more efficiently
Emerald’s Surf Expo watersports and coastal lifestyle marketplace is launching Surf Expo Connect in conjunction with its upcoming show at the Orange County Convention Center in Orlando, Florida, on Sept. 8-10. Surf Expo Connect provides a seamless way for both buyers and exhibitors “to create meaningful new business connections, make ...
-
ArticleTextile waste allegedly used as fuel for brick kilns in Cambodia
Unearthed, a subsidiary of Greenpeace, has issued a new report, stating that off-cuts from Cambodian textile factories mixed with wood are being used to fuel brick kilns on a large scale. The kilns need to stay fired for several days at a temperature of 650° C to burn the clay ...
-
News briefsBen Hogan Golf Equipment Company closes down
Ben Hogan Golf Equipment Company ceased trading on July 22, citing supply and financial constraints caused by the Covid-19 pandemic as reasons for the decision. ExWorksCapital had been the majority shareholder for the Texas-based company since its relaunch in 2017 after it originally ceased trading in 2015. ExWorks Financial filed ...
-
ArticleAllbirds shrinks staff and cuts costs while Q2 loss increases
Allbirds reported a net loss of nearly $29.4 million against a loss of $7.6 million for the second quarter ended June 30. The operating loss was $29.3 million versus a loss of $4.17 million. Total revenues increased 15 percent (18% currency-neutral) to $78.2 million from $67.9 million, with U.S. revenues ...
-
ArticleYonex hikes FY outlook on pleasing China recovery
Yonex, citing a better-than-expected recovery in China after pandemic-related lockdowns eased, has increased its H1 and financial year forecasts. The Japanese company has raised its H1 revenue forecast by 20 percent to 48,000 million yen (€342.9m) from ¥40,000 million and its operating profit outlook by 58 percent to ¥6,000 million ...
-
News briefsDescente raises forecasts for H1, full year
Descente Ltd., citing a return to a business environment close to conditions before the Covid-19 pandemic, with the exception of some regions, has raised its first half and full-year financial outlooks. First half sales for Descente Japan Ltd. and Descente Korea Ltd. for six months ending Sep. 30 are described ...
