All Sporting Goods Intelligence articles in Volume 33, Issue 43+44
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PDF NewsletterSGI Europe Executive Edition: Vol 33 - 43+44
Puma reports strong Q3 results, maintains FY outlook | Adidas cuts guidance again, unveils “business improvement program” after weak Q3 | Red Bull founder Dietrich Mateschitz dies at 78 | Skechers drops fourth-quarter outlook as Q3 net dips | Shimano resists slowing demand with results above pre-Covid level | Adidas severs ties with Kanye West | Rossignol’s recyclable ski composition is now open source | Intersport Germany launches new brand campaign; new report underlines social relevance of sports | Diadora releases its first sustainability report | Polartec introduces new bio-based weather protection technology under Power Shield name
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ArticleSkechers drops fourth-quarter outlook as Q3 net dips
Skechers, impacted by $50 million in incremental freight and logistics costs and elevated operating expenses, reported a 17 percent decline in third-quarter profit to $85.9 million from $103.1 million for the period ended Sep. 30. Operating expenses were nearly 20 percent higher at $754.0 million, and gross margin was down ...
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ArticleShimano resists slowing demand with results above pre-Covid level
Triggered by the Russian invasion of Ukraine, global shortages in raw material and energy supply, as well as rising raw material prices, will have a direct impact on the business of Shimano Inc. Nevertheless, demand for bicycles and fishing tackle remained stable in the first three sales quarters of fiscal ...
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News briefsAmazon expands legal efforts to stop the source of fake reviews
Amazon has announced that it has filed its first criminal complaint in Italy and its first lawsuit in Spain as part of its legal efforts to shut down fake review brokers. These two unprecedented lawsuits in Europe target bad actors that attempt to orchestrate fake reviews on Amazon and other ...
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News briefseBay and Inter Milan partner on new e-commerce deal
Italy’s Serie A team Inter Milan has announced a partnership deal with eBay for the 2022/23 season. The agreement will see Inter open a dedicated club shop on the e-commerce platform. eBay recently agreed to a three-year deal with the Italian Football Federation (FIGC) to become a premium partner of ...
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News briefsNew staff at Sidas and Therm-ic Germany and Austria
Source: Sidas / STC Christoph Dainhammer STC Distribution GmbH, responsible for the distribution of the Sidas and Therm-ic brands in Germany and Austria, has recruited several new team members. Source: Sidas / STC Jessica May Christoph Dainhammer, who joined STC in mid-October, gained two ...
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ArticlePuma reports strong Q3 results, maintains FY outlook
Puma is maintaining its full-year outlook, which calls for currency-adjusted mid-teens sales growth and EBIT of €600-€700 million, despite numerous headwinds that will likely weigh down annual profitability. Those negative factors include inflationary pressures from higher freight costs, persistent operational inefficiencies related to the Covid-19 pandemic and the ongoing crisis ...
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News briefsAdidas opens second flagship in Mexico City
Adidas has opened its second brand store in Mexico City on one of the busiest and most prestigious streets in the city, Presidente Marasyk Avenue. In a press release, Adidas said that the new store focuses mainly on running, a rapidly growing sport in the country, as well as Adidas ...
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News briefsOMA / AMO create new retail identity for Stone Island
OMA and AMO (the Office for Metropolitan Architecture and its research and design studio) are collaborating with Stone Island to design a new identity for the Italian luxury brand’s stores. The new store concept envisions altar-like spaces, with niches for archival pieces and prototypes, “concrete slabs” of pressed shredded paper ...
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ArticleZalando expands range to include adaptive fashion
Zalando is expanding its range to clothing, shoes and accessories that are geared to the needs of people with disabilities and are deliberately designed to be easier to use by people with permanent or temporary impairments. The addition of adaptive fashion to its product range is an important milestone for ...
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News briefsBrightpearl releases lists of fastest-growing U.K. online retailers and U.S. DTC brands
Brightpearl, a Bristol (U.K.) and Austin, Texas-based retail operating system owned by U.K. enterprise software giant Sage, has released its lists of the fastest-growing online retailers in the U.K. and the fastest-growing D2C brands in the U.S (”‘Lightning 50”). While a beer brewing brand (Pinter) tops the U.K. list with ...
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News briefsStockX appoints head of brand protection
Source: StockX Paul Foley Sneaker marketplace StockX has appointed Paul Foley as head of brand protection, reporting directly to chief supply chain officer Sean McCartney. Foley will lead the company’s product verification efforts. He brings more than three decades of experience in brand protection, global operations and ...
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News briefsNew chairman for Everysport Group
Stockholm-based Everysport Group AB announced that it has appointed Michael Hansen as its new chairman of the board. The previous chairman, Paul Fischbein, left the position and the company earlier this month due to his new position at the Swedish DTC outdoor brand Revolution Race, which was incompatible with ...
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News briefsStella is seeing a slowdown in sales
In the third quarter of 2022, Stella International, a Southeast Asia shoe manufacturer that is also a retailer, increased overall revenues by 4.8 percent year-over-year to $460.5 million, with manufacturing revenues rising to $453.6 million from $431.6 million. In the first nine months of the year, revenues increased by 13.5 ...
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ArticleAdidas severs ties with Kanye West
“Adidas does not tolerate antisemitism and any other sort of hate speech,” the company said concisely in its official statement.
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News briefsBolle Brands splits prescription and sport sales team in Germany, Austria
To support the growth of its brands, Bollé Brands is restructuring its sales divisions in Germany/Austria. Previously also overseen by Thilo Schmidt-Arras, who has been promoted to head of sales sport, the newly created position of head of sales optical for both countries has been assigned to Sören Schrader. He ...
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News briefsDeporvillage launches its third own-brand
Deporvillage has developed a brand of technical men’s and women’s apparel and accessories for the outdoor market, according to DiffusionSport. The new Reld brand offers T-shirts, pants, fleeces jackets, vests, windbreakers, gloves and socks, manufactured with proprietary materials such as Reld Warm Keeper, Reld Dry Keeper, Reld Water Shelter and ...
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News briefsQuiksilver releases “Surf the Mountain” range of snow gear
Quiksilver has introduced a full range of snow gear for snowboarders and skiers, dubbed “Surf the Mountain,” with pieces designed and tested by the brand’s athletes. The collection comprises jackets, bibs, pants and fleece and is complete with performance outerwear created and worn by riders like Travis Rice, Sammy Carlson, ...
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ArticleWHO highlights the cost of physical inactivity in first-ever global report
The World Health Organization (WHO) has released its Global Status Report on Physical Activity 2022, WHO’s first dedicated assessment of global progress on country implementation of policy recommendations of the Global Action Plan on Physical Activity (GAPPA) 2018-2030. The GAPP is meant to help countries increase levels of participation in ...
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Case StudyHow Signa Sports United is building the sports commerce & tech platform of the future
SSU – which says that the most powerful digital platform will “win the game” – is also helping customers consolidate their technological prowess.
