All Sporting Goods Intelligence articles in Volume 33, Issue 35+36 – Page 3
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News briefsLululemon to open 700-square-meter store on Paris’ Champs-Elysées
Lululemon has signed a lease for a 700-square-meter space on Paris’ Champs-Elysées, according to Sport-Guide.fr. Zara Home previously occupied the space. The Canadian sports retailer reportedly plans to open the new Parisian store for Christmas 2022. Lululemon already has three stores in downtown Paris and a shop-in-shop at the Bon ...
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News briefsAbbott World Marathon Majors and Mass Participation World partner to promote return to running events
The Abbott World Marathon Majors and Mass Participation World have partnered to launch #togetherwemove, an inspirational video and marketing tool to encourage people to go back to mass participation events after the rough patch the industry went through during the Covid-19 pandemic. The Abbott World Marathon Majors is a series ...
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News briefsUsain Bolt files new trademark application for his victory pose
Jamaican track legend Usain Bolt has filed to trademark the image of his iconic victory celebration pose. Bolt submitted the application to the U.S. Patent and Trademark Office on Aug. 17. According to the filing, “the mark consists of the silhouette of a man in a distinctive pose, with one ...
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ArticleTrans-Textil introduces water-based, breathable and waterproof functional layers
Trans-Textil, a German developer and manufacturer of functional textiles, presented its Topaz Purable functional systems based on aqueous technologies to a wider trade audience for the first time this summer at Techtextil in Frankfurt. The company completely eliminates the use of organic solvents in production. In combination with its PFC-free ...
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Article361 Degrees reports 8.7 percent gain in H1 operating income
361 Degrees, which has opted against an interim dividend to preserve cash for the long-term and help meet challenges, generated an 8.7 percent increase in first half operating income to 771.9 million yuan renminbi (€109.6m) for the six months ended June 30. The operating profit margin slipped to 21.1 percent ...
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ArticleE-commerce, DTC model bolstered Anta H1 Sales
Anta Sports Products recorded a 13.8 percent increase in first half revenues to 25,965 million yuan renminbi (€3,687.0b) thanks to contributions from its direct-to-consumer and e-commerce segments, which helped to offset a 34 percent sales decline in its traditional wholesale business that was adversely impacted by the pandemic. DTC sales ...
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ArticleNorwegian sports specialty market grew by 3.6% in 2021
According to data compiled by the Norwegian sporting goods industry association, Norsk Sportsbransjeforening, Europe’s highest per capita sporting goods market recorded a 3.6 percent increase in 2021 among its nine top banners to 14,875 million Norwegian kroner (€1.46b) from 14,363 million in 2020. The trade group intends to release a ...
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News briefsLeDap appoints new CEO
LeDap, an international padel group founded in 2021 that operates a network of padel clubs in Sweden, Norway, Finland, Denmark, Poland, Spain, Austria, the UAE, Germany and the U.K., has appointed Eno Polo as the group’s new CEO, effective Sept. 5. Polo has many years of experience in the consumer ...
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News briefsMarimekko launches marketplace for second-hand goods
The Finnish lifestyle design company Marimekko is launching a digital, community-driven marketplace for vintage and second-hand goods, called Marimekko Pre-loved. The launch is scheduled for Aug. 25. The platform is built in collaboration with the resale technology specialist Archive. To celebrate the launch, Marimekko will release a special selection of ...
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News briefsFoot Locker partners with Fanatics to expand licensed product offerings
Foot Locker and Fanatics have announced a new long-term connected inventory partnership that will “significantly expand” the officially licensed fan gear and merchandise product range available online to Foot Locker customers. Beginning in the fall, the shoppers visiting footlocker.com, kidsfootlocker.com and champssports.com will have access to a broad, tailored assortment ...
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News briefsLululemon workers in Washington D.C. drop petition to unionize
The workers at a Lululemon store in Washington D.C. who had filed a request with the National Labor Relations Board (NLRB) in July to hold a union election, as also reported by SGI Europe at the time, have now withdrawn their petition, according to NLRB records. The store, located in ...
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News briefsAssociation of Golf Merchandisers partners with Elastic Suite
The Association of Golf Merchandisers (AGM) and Elastic Suite, a subsidiary of Emerald Holding, have announced a new partnership that names Elastic Suite as the presenting “Diamond Level” sponsor of AGM’s certified retail management program, one of the association’s educational resources for golf retailers. AGM, headquartered in Phoenix, Arizona, is ...
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ArticleCanada Goose appoints president for its China business
Source: Canada Goose Larry Li, president China Canada Goose announced the appointment of Larry Li as president China, effective immediately. In this role, Li will oversee all business operations of the Canadian brand in mainland China, including retail, marketing and finance. He will be based out of ...
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Short stops
Short Stops Week 34, 2022
PRODUCT & MARKETING +++ Puma has released its first collaborative sneaker with Nanamika, which uses the Puma Suede VTG as a base +++ Salomon has added to its roster of U.S. road running athletes with a 2.5-year contract for professional road and track runner Maggie Montoya, who debuted in January ...
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ArticleFoot Locker lowers FY22 outlook slightly, but stock soars on CEO hire
U.S. retail chain Foot Locker, which operates 630 doors across Europe, has modified its FY22 outlook downward due to likely additional pressures on its H2 business. But the revision, coupled with a 9 percent decline in second-quarter sales and a 76 percent drop in Ebit for the period ended July ...
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News briefsTyrolia with new director global sales and marketing for Head/Tyrolia bindings
Source: Tyrolia Horst Tschida Tyrolia has said goodbye to its longstanding employee Robert Stanzl, who has retired from his role as director of global sales and marketing for Head/Tyrolia alpine bindings after 45 years with the company. His successor – also a Tyrolia veteran with an 18-year-long ...
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News briefsMycel Project closes $10m financing round for new production facility
The South Korean biomaterials start-up company Mycel Project, a spin-off of the Hyundai Motor Group, has just closed a new pre-Series A funding round, raising a total of $10 million. Six main investors (a Hyundai Motor fund among them) are now involved in the company funding, most of them based ...
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ArticleKasper Rorsted to leave Adidas
Source: Adidas AG Kasper Rorsted, CEO Adidas AG has announced that Kasper Rorsted, CEO, and the company’s supervisory board have mutually agreed that Rorsted will step down from his position in 2023. The search for a successor has already begun. Rorsted will continue as CEO until a ...
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ArticleJohnson to retire as chairman and CEO of Foot Locker
Source: Retail Industry Leaders Association (RILA) Mary N. Dillon Foot Locker, Inc., the New York-based specialty athletic retailer, announced that, as part of a planned succession process, Richard A. Johnson will retire as president and CEO, effective Sep. 1, 2022. Mary N. Dillon, former executive chair and ...
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News briefsFIFA and Pacific Islands Forum Secretariat launch plan to implement their climate change partnership
FIFA and the Pacific Islands Forum Secretariat (PIFS) have jointly launched a 12-month plan to turn their climate change partnership into concrete action. In April, FIFA and PIFS signed a two-year memorandum of understanding (MoU) during the FIFA Congress in Doha, Qatar, which focused on using football diplomacy to educate ...
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