All Sporting Goods Intelligence articles in Volume 33, Issue 45+46
View all stories from this issue.
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SponsoredISPO Munich 2022: Health & Fitness and the Padel Village in Hall C1
Premiers, product launches, and exercise for you. This is what to expect from Hall C1 at ISPO Munich.
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SponsoredISPO Munich: Focus on Sportsfashion in Hall B1
Sports fashion is diverse, colorful, innovative, and inclusive. The Sportsfashion Hall B1 at ISPO Munich proudly displays this.
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PDF NewsletterSGI Europe Executive Edition: Vol 33 - 45+46
Gulden returns to Adidas as CEO, Freundt heads Puma with immediate effect | Adidas slashes FY outlook again | Topgolf Callaway tees off with record third quarter; lifts guidance | Challenging market conditions continue to weigh on XXL ASA | Deckers: Hoka is more than a running brand | Allbirds Q3 losses widen, warns of “choppy” holiday trading | Peloton Interactive’s turnaround remains a work in progress | Under Armour “more optimistic” about brand despite current headwinds | VF braces for weaker consumer environment, lowers FY outlook | Bogner reshapes management and corporate structure | Polygiene sales fall as distributors cut order levels | Garmin lifts FY EPS outlook, drops sales forecast by 3 percent | GoPro grows subscription sales by 7 percent; Q3 results impacted by currency | Canada Goose lowers FY outlook on China issues | Double-digit sales decline at Thule Group in Q3 | Hanesbrands’ activewear operating profit declines 30% on flat sales | Mizuno makes gains on improving trends | Moncler’s momentum endures | Descente raises FY outlook | CoDi with record quarter, adds PrimaLoft to branded consumer segment | Acushnet raises constant currency growth guidance but sees significant forex headwinds | Grupo SBF results affected by investments in vital systems | Topsports sees H1 earnings, sales slip | Havaianas’ growth in EMEA slows for Alpargatas
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ArticleHanesbrands’ activewear operating profit declines 30% on flat sales
Faced with an operating environment that is weighing on its near-term performance in both innerwear and activewear, Hanesbrands is taking numerous actions to revitalize an activewear segment that includes its Champion business. The company, anticipating “a challenging consumer environment” for a period of time, continues to reduce its SKU count, ...
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News briefsLaureus 2022 Sport for Good Index released
Laureus, the global organization that celebrates sporting excellence and the power of sport to transform the lives of children and young people, has unveiled the second edition of the Laureus Sport for Good Index. The Index, developed in partnership with sports media and events company SportsPro, highlights the brands that ...
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News briefsAndrea Varnier set to become the new CEO of Milano Cortina 2026
Andrea Varnier is set to become the new CEO of the organizing committee of the Milano Cortina 2026 Winter Olympic and Paralympic Games. Varnier was chosen for the role by Italy’s minister of sports, Andrea Abodi. His appointment will not be official until Italian prime minister Giorgia Meloni approves it. ...
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ArticleMizuno makes gains on improving trends
Mizuno, citing a steady recovery in its soccer, baseball and racquet shoe businesses, growth in golf and positive change in Japan’s business climate, reported an 81 percent increase in second-quarter net income to ¥2.9 billion (€20.9m) from ¥1.6 billion for the second quarter ended Sept. 30. Operating profit rose by ...
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ArticleAllbirds Q3 losses widen, warns of “choppy” holiday trading
Sustainable footwear and clothing brand Allbirds has posted wider third-quarter losses and warned of “choppy” trading conditions in the run-up to Christmas. The company said net losses increased to $25.2 million from $13.8 million a year ago, and net loss margin increased to 35 percent from 22 percent. Operating losses ...
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News briefsBuff and POW launch sixth collab collection
Source: Buff Buff x POW Buff®, a three-year partner of the non-profit organization focused on climate change legislation, announced the launch of a new artist collection in cooperation with Protect Our Winters (POW). Buff’s goal with the new collab products is to strengthen its conservation work, combat ...
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News briefsAsics to move parts of its production to other Asian countries
Nikkei Asia has reported that Asics is expanding its production to Indonesia and Cambodia to take advantage of the growing popularity of running in Southeast Asia and diversify its sources of supply. Asics makes about half of its running shoes in Vietnam, which benefits from a high-quality labor force and ...
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ArticleAdidas and Marvel Studios team up for latest Black Panther movie
For the film “Black Panther: Wakanda Forever,” which hits theaters worldwide on Nov. 11, Adidas has partnered with Marvel Studios to create custom costumes and footwear for various characters in the film. Adidas innovation and design teams, led primarily by female and BIPOC designers, developed a new approach to costume ...
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ArticleYKK signs UN CBD COP15 business statement for mandatory assessment and disclosure
YKK Corporation has signed the United Nations Convention on Biodiversity (CBD) COP15 Business Statement for Mandatory Assessment and Disclosure by 2030, convened by Business for Nature. Business for Nature was established in 2019 by 13 international organizations, including the World Wide Fund for Nature (WWF) and the World Economic Forum ...
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News briefsPeloton and Echelon settle all pending litigation
Peloton Interactive, Inc. and Echelon have settled all pending litigation between them, Peloton said in a press release on Nov. 8. All pending actions are dismissed. As a result of this global settlement, Echelon has agreed to cease using Peloton’s patented leaderboard technology in on-demand courses. The parties indicated they ...
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ArticleAdidas slashes FY outlook again
Faced with a myriad of issues that need addressing in the coming financial year under the leadership of newly named CEO Bjørn Gulden, Adidas today cut its FY22 guidance for the third time since July 26. Three weeks after its last outlook adjustment on Oct. 20, the group today reduced ...
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News briefsAsics releases USDC-only, NFT-linked running shoe
Pre-orders are almost closed – they’re running on Nov. 4-9 – for the Asics running shoe designed “to get the Web3 community moving” and for sale only in exchange for the digital currency known as USDC. USDC (U.S. Dollar Coin) is a digital currency of the so-called ...
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News briefsCraft publishes 240-page running guide containing just two sentences
Running shoe and apparel manufacturer Craft has released ”The Ultimate guide to running,” a 240-page coffee table book with a foreword by legendary long-distance runner and Craft athlete Tommy “Rivs” Puzey. Although the book is a real eye-catcher and design highlight, it contains only two short sentences: “Left foot. Right ...
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ArticleDescente raises FY outlook
Descente, the Japanese sportswear company with a portfolio of sportswear brands that it markets primarily in Japan, South Korea and China, reported a net profit increase of 106 percent to ¥5,132 million (€37.0m) from ¥2,487 million for the six months ended Sept. 30. First half operating income improved 80 percent ...
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News briefsCanada Goose appoints chief HR officer
Source: Business Wire Jess Johannson Canada Goose has appointed Jess Johannson as chief human resources officer. In this role, she will be responsible for the company’s human resources strategy across corporate, manufacturing and retail. Johannson will oversee all global teams within human resources, including talent acquisition, employee ...
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ArticleLiverpool FC up for sale?
Boston-based Fenway Sports Group (FSG) has confirmed that it is ready to listen to offers for the historic, world-renowned English soccer club Liverpool FC. This was reported by several publications, including Bloomberg and The Athletic, citing “people familiar with the matter.” According to The Athletic, the sports investment firm has ...
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News briefsHervis opens store in Saalfelden
Following its major revitalization offensive at the beginning of the year, Hervis has launched a new opening in Austria just in time for the start of the winter business. Equipped with the latest store concept, the Hervis store in Saalfelden opened its doors on Oct. 27 with an area of ...
