All Sporting Goods Intelligence articles in Volume 33, Issue 35+36 – Page 2
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News briefsDjokovic-backed tennis players association launches commercial arm, raises $26m
The Professional Tennis Players Association (PTPA) has launched Winners Alliance, a for-profit affiliate that is meant to generate and maximize off-the-court commercial opportunities for players and their agents, and announced that the new affiliate has raised $26 million to support operations and long-term growth. The PTPA, co-founded in 2020 by ...
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Short stops
Short Stops Week 35, 2022
PRODUCT & MARKETING +++ After Martita “Doctor of Padel” Ortega, Pádel Nuestro has signed a sponsorship deal with a second student of medicine, Bárbara las Heras, the current no. 18 in women’s pádel +++ Hyperice has introduced the Normatec Go, a portable device offering mobile air compression therapy for the ...
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News briefsJohnson Health Tech posts H1 loss despite revenue gain
Johnson Health Tech, the Taiwanese fitness equipment company, reported an attributable net loss of 328,254,000 Taiwanese dollars (€10.5m) against a profit of TWD 28,0002,000 for the six months ended June 30. H1 revenues for the parent of the Matrix, Horizon Fitness, Vision Fitness and Synca wellness brands rose 2.0 percent ...
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News briefs
Pegasus Intl. H1 footwear revenues step 36 percent higher
Pegasus International Holdings Ltd. reported a 36 percent increase in revenues from the manufacture and sales of footwear to $2,847,000 from $2,095,000 for the six months ended June 30. Total H1 revenues increased 51 percent to $5,261,000 from $3,479,000. Ebit was $556,000 against $70,000, with gross margin coming in at ...
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News briefsDecathlon partners with Chantelle on lacey running bra
Decathlon France has teamed up with Parisian lingerie company Chantelle and Noyon Dentelle, a Calais-based lacemaker, to create an elegant exercise bra for Decathlon’s running brand Kalenji. The idea is to offer women a product that merges their intimate and sportswear wardrobes. All the bras have been manufactured in Chantelle’s ...
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News briefs
DP World Tour launches e-sport tournament
The DP World Tour is launching a new e-sport competition in partnership with Topgolf and DreamHack Sports Games. The new “eTour”, which will be open to playing from Aug. 31, is available to anyone who downloads the WGT by Topgolf mobile game, developed by DreamHack. The new competition will take ...
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News briefsGlobe Intl. FY net declines 44 percent
Globe International, the Australian parent of the Globe, Salty Crew, Impala Skate, FXD Workwear and Dot Electric Skateboards, reported a 44 percent drop in annual attributable net income to 18,641,000 Australian dollars (€12.0m) for the 12 months ended June 30. Ebit fell 41 percent in the FY to A$27.5 million ...
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News briefsBKMEA and Stitch sign MoU to ensure gender sensitive workplace and fair price
With a new memorandum of understanding (MoU) signed by the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Stitch, the associations express their aim to ensure gender-sensitive workplace and fair prices from apparel and footwear buyers. Part of the new project is the implementation of the Fair Price App, a ...
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News briefsOn launches new two-pair tennis shoe set with Federer and Kith
The Swiss shoe company On Running is leveraging its collaboration with tennis star Roger Federer and innovative retail concept Kith. For the new set of two shoes (consisting of The Roger Clubhouse Mid and The Roger Pro, both a lifestyle and a high-performance sneaker), Federer teamed up with a fellow ...
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News briefsPuma signs Qatari high jumper Mutaz Essa Barshim
Puma has signed Qatari high jumper Mutaz Essa Barshim, who will wear the company’s performance products from the Diamond League meeting in Lausanne. With three world titles and Olympic gold, Barshim has already won everything there is to win in his sport. He successfully defended his title at the World ...
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News briefsFarfetch Limited Ebit falls 29 percent in Q2
Farfetch Limited, the Internet platform for luxury goods, realized an 18.7 percent decline in attributable profit to $70.5 million from $86.6 million for the second quarter ended June 30. Ebit was down by 29 percent to $60.4 million from $84.7 million as the operating loss widened by 11.5 percent to ...
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ArticlePeloton Interactive posts $1.24 billion Q4 loss
Peloton Interactive’s CEO Barry McCarthy, in his quarterly shareholder letter, compared the interactive fitness company to a cargo ship like one he worked on as a high schooler, but perhaps he should have considered a cruise ship comparison given the company’s needs to attract more younger, female and value-oriented customers ...
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ArticleReducing energy costs in European retail: a colder, darker winter
With energy prices skyrocketing and the need to replenish gas reserves before winter, everyone is doing their part, and global energy conservation measures have already been taken in the retail sector. While customer service and satisfaction are top priorities in retail, stakeholders may be reluctant to engage in actions that ...
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News briefsDavenport joins Peak Ski Company’s executive team
Source: Peak Skis Chris Davenport Montana-based Peak Ski Company announced that Chris Davenport has joined the company’s leadership team as senior director of skiing and product innovation. Earlier this year, Peak Ski Company co-founders Bode Miller and Andy Wirth launched the company and its 2022/23 lineup of ...
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News briefsJD.com gets sales boost from sports, outdoor
JD.com, the Chinese supply chain technology and service provider, said sports and outdoor were two of six segments that posted double-digit sales growth in the second quarter ended June 30. During Q2, the group generated 5.4 percent revenue growth to 267.6 billion yuan renminbi (€40.0b). Service revenues rose 21.9 percent ...
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News briefsPeloton Interactive partners with Amazon
Peloton Interactive, weeks after announcing 800 layoffs and on the eve of its fourth-quarter earnings release, has a new distribution deal in place for its bike, guide, select accessories and apparel with Amazon in the U.S. News of the Peloton-Amazon partnership sent shares in the interactive fitness company up 18.5 ...
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ArticleCallaway Golf to change company name
Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. Following the company’s merger with Topgolf in 2021, “the name change reflects Callaway’s dynamic brand portfolio that has unmatched scale and reach across the full modern golf and active lifestyle ecosystem, including on- and off-course ...
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ArticleXtep profit jumps 38 percent in H1
The operating income of Chinese sportswear brand Xtep International rose 34.8 percent to 922 million yuan renminbi (€130.9m) for the six months ended June 30, with attributable profit increasing 38.4 percent to RMB 590 million (€83.8m). The operating profit margin slipped slightly to 16.2 percent from 16.5 percent. Total ...
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News briefsDecathlon France promotes physical activity in its stores
Decathlon France has launched the 27th edition of Vitalsport, its initiative to encourage people of all ages and abilities to participate in sports. Vitalsport will launch in 124 French stores this September. The event, which is free and open to all, brings together local sports players and visitors, offering the ...
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News briefsRothy’s and Evian launch tennis capsule made with recycled bottles
Rothy’s has partnered with Evian, a Danone water brand, on the launch of an exclusive tennis-inspired capsule collection made with repurposed Evian water bottles. Rothy’s and Evian collected approximately 72,000 Evian bottles from the US Open last year in New York and transformed them into a limited-edition capsule collection, using ...
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