All Sporting Goods Intelligence articles in Volume 33, Issue 39+40 – Page 4
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News briefsMike Ashley stepping down at Frasers
Sports Direct founder Mike Ashley is renouncing the directorship of Frasers Group and will not be standing for re-election. He will therefore be stepping down at the end of his term, which coincides with the annual general meeting of Oct. 19. Ashley will nevertheless retain a majority stake, of about ...
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News briefs
New pádel tournament in Egypt
Premier Padel has struck a multiyear deal with the New Giza Sports Club, CA Sports Marketing and the Egyptian Padel Federation to establish the first P1 pádel tournament in Egypt – and, indeed, in all of Africa. NEWGIZA Premier Padel is scheduled for Oct. 24-30 of this year at the ...
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News briefsJD Sports Fashion reaches deals with its former executive chairman
JD Sports Fashion says that it has come to an agreement with its former executive chairman, Peter Cogwill, whom it obliged to step down in May after an internal review of its management. The U.K.’s Competition and Markets Authority (CMA) had fined JD for the illicit disclosure of “commercially sensitive ...
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News briefsTNF appoints new CMO and chief product and merchandising officer
VF Corp. brand The North Face has added two women to its management team. Sophie Bambuck is joining the company as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer. Both managers have worked at Nike in leadership positions for years, just like TNF’s new president, Nicole ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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News briefsAlibaba’s Tmall Luxury Pavilion enhances metaverse experience
Tmall Luxury Pavilion, the Alibaba luxury shopping platform, introduced a so-called Meta Pass and hosted an augmented reality fashion show in Shanghai. As Alibaba reported, Luxury executives tried on AR glasses, held a virtual item (such as a digital luxury bag), and placed it in a gift box. When they ...
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News briefsIOC executive board approves strategic framework on human rights
The executive board of the International Olympic Committee (IOC) has approved a strategic framework on human rights. The framework aims to shape the working practices of the IOC, the Olympic Games and the Olympic Movement, ensuring that human rights are upheld within their respective remits. The framework builds on the ...
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News briefs
Lululemon expands in Spain
Lululemon is cramming its early moves in Spain into a short span of time, according to Diffusion Sport. The Canadian brand switched on its Spanish e-commerce site at the end of August, and followed that up in early September with the opening of its first own-store in Spain, on Paseo ...
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News briefs
A new Fashion Innovation Center in New York
New York governor Kathy Hochul has announced $10 million in state funding for the establishment of a new Fashion Innovation Center (FIC), which will focus on promoting New York State-produced smart and sustainable textiles. Hochul announced the FIC during New York Fashion Week, on Sept. 7-14. “The Fashion Innovation Center ...
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News briefs
Kanye West’s company files new trademarks for apparel, accessories and services
Kanye West’s company Mascotte Holdings has just filed new trademarks for Donda Sports merchandise, TMZ has revealed in an exclusive report. According to the report, Mascotte has filed new trademarks for such apparel as T-shirts, jackets and hats, as well as shoes and a range of accessories, including fanny packs, ...
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News briefs
Lululemon founder announces C$100 million private donation for the environment
Chip Wilson, the founder of Lululemon Athletica, and his wife, Summer, have revealed a donating of 100 million Canadian dollars (€75.2 million) donation to BC Parks Foundation through Wilson 5, their private foundation. The money will support the preservation and development of wilderness in British Columbia’s natural regions, focusing on ...
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News briefsSales up by 22% at El Corte Inglés for FY 2021
El Corte Inglés reported at its annual shareholder meeting in July that sales for the year ended Feb. 28 had reached €12.51 billion, in a year-on-year increase of 22 percent. EBITDA reached €804 million and consolidated net profit €120 million. Marta Álvarez, the Spanish retailer’s chairwoman, attributed this “return to ...
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News briefsZDHC to add PFAS to its harmful chemicals list
ZDHC has announced that the updated version of its Manufacturing Restricted Substances List (ZDHC MRSL) will include PFAS treatments used for textiles, leather and footwear. The MRSL Version 3.0 will be published by ZDHC on the Roadmap to Zero website (www.roadmaptozero.com) on Nov. 1, 2022, with a transition period of ...
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News briefsFelix Münnich becomes the new chief commercial officer at Mammut
Münnich comes from one of the top players in the sporting goods business.
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News briefs
Sprinter opens two Iberian stores, plans seven more
At the start of this month Sprinter opened two new Iberian stores, in Alcantarilla and Andorra, according to Diffusion Sport. The first of these is the JD Group-owned retailer’s third store in the Spanish region of Murcia. It is also the smallest of the two, at 702 square meters, 504 ...
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News briefs
On unveils first shoe made from carbon emissions
In partnership with LanzaTech, Borealis and Technip Energies, Swiss sports brand On is launching a shoe called Cloudprime. Described by the company as “the first-ever shoe made from carbon emissions,” the Cloudprime is made of CleanCloud EVA (ethylene vinyl acetate) foam, which uses industrially emitted carbon as a raw material. ...
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ArticleCross-border commerce publishes first online retail ranking
Providing an overview of the European fashion retail market in 2021, Cross-Border Commerce Europe has published a ranking of fashion retail online.
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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Short stops
Short Stops Week 38, 2022
PRODUCT & MARKETING +++ Nike is introducing the LeBron XX sneaker, which celebrates LeBron James’ 20th year with Nike and 20th year in the NBA +++ Pádel Nuestro is the official store of International Padel Players, an amateur circuit that is making its debut this year and will be crisscrossing ...
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News briefsDanish start-up Kollektiv raises €1.5 million in pre-seed funding
Kollektiv, a training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised €1.5 million in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Founded in 2020, Kollektiv is building ...
