All Sporting Goods Intelligence articles in Volume 33, Issue 45+46 – Page 3
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News briefsFirst Under Armour store in southern Italy
Oberalp, the exclusive distributor of Under Armour in Italy, has opened an Under Armour store in Catania, Sicily, the first of the American brand in southern Italy. The new 120-square-meter store is located inside the Centro Sicilia shopping mall. The recent opening brings the number of Under Armour stores operated ...
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ArticlePeloton Interactive’s turnaround remains a work in progress
Peloton Interactive, considerably slimmer following a recent headcount reduction of 500, continues navigating a new course of viability, delivery efficiency and overall profitability under CEO Barry McCarthy. Some progress has been made in recent months, but the company is admittedly not close to any celebratory victory laps or positive free ...
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News briefsOeko-Tex undergoes rebranding, publishes branding guidelines
Designed by the German design and branding agency Schwitzke ID, Oeko-Tex has reworked its logo and brand ID. The biggest change is the new brand logo based on a drop-shaped graphic associated with a leaf, drop or textile bow. The branding guidelines that are to be followed by Oeko-Tex-certified companies ...
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ArticleCrocs raises guidance after another strong quarter
Strong third-quarter results at Crocs were negatively impacted on the gross margin line by inflationary expenses and higher freight and inventory handling costs, but 45 percent of the expenses are seen as transitory. Gross margin came in at 54.9 percent against 63.9 percent in the year-ago period ended Sept. 30. ...
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ArticleA new CEO for Puma from January 2023; Gulden to Adidas?
Source: Puma SE Arne Freundt, future CEO of Puma, effective Jan. 1, 2023 “My current contract with Puma ends Dec. 31, 2022, and after nine years, I have decided not to renew,” CEO Bjørn Gulden is quoted in the German sporting goods manufacturer’s latest statement on Nov. ...
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News briefseBay’s sales continue to decline
eBay has posted another revenue decline in Q3, which was marked by inflation and economic worries. In the quarter ended September 30, revenues fell five percent year-on-year to $2.4 billion. Adjusted income fell seven percent to $552 million. eBay has been struggling since the pandemic online order boom came to ...
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ArticlePOC launches new avalanche backpack with RECCO equipment
Source: POC Dimension Avalanche Backpack POC has unveiled the new Dimension Avalanche Backpack, which combines more than one avalanche safety system. Described by POC as ”ultra-durable, innovative, rechargeable, smart and hassle-free,” the backpack is equipped with the Alpride E2 electronic airbag system from Swiss avalanche airbag system ...
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News briefsH&M’s Arket opens flagship in Paris
The first French flagship store of Arket, H&M’s “one-stop destination for sustainable fashion for women, men and children,” opens Nov. 4 in a sleek Scandinavian design at 13 Rue des Archives, Le Marais, in Paris. The store covers 400 square meters on two floors and overlooks a courtyard with a ...
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News briefsSwiss consumer sentiment at record low
Consumer sentiment in Switzerland has continued to decline, falling to -46.6 points in October from -41.7 in July and reaching its lowest level since the consumer survey began in 1972, according to the State Secretariat for Economic Affairs. The decline comes amid high inflation and cloudy economic prospects, although perceptions ...
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News briefsMore sanctions against Belarus considered
The European Union will examine the possibility of imposing sanctions against Belarus for its role in supporting Russia in its war against Ukraine, according to Czech prime minister Petr Fiala. The Czech Republic holds the rotating presidency of the European Union. “We are currently examining […] Belarus’ role and the ...
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News briefsGermany decides on energy price cap, effective 2023
German energy price caps announced by Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households and ...
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ArticleUnder Armour “more optimistic” about brand despite current headwinds
Under Armour has lowered its full-year revenue and operating income outlooks and continues to see short-term business climate hazards. Yet, company senior executives are confident that turnaround initiatives being undertaken over recent months will pay off in 2023 and beyond. The group has zeroed in on making the 16- to ...
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News briefsXTERRA appoints Doug Hall as GM EMEA
XTERRA, a global lifestyle brand from Hawaii focusing on off-road triathlon, announced that Doug Hall has joined the leadership team as general manager for XTERRA’s Europe, Middle East and Africa region, a newly created position focusing on brand expansion, quality control and day-to-day operations in the region. A longtime elite ...
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News briefsVulcabras continues gains from footwear portfolio
Vulcabras’ recurring net income rose 36 percent to 99.9 million Brazilian reais (€19.6m) from BRL 73.6 million for the period ended Sept. 30. Ebitda declined 4.8 percent to R$132.2 million (€25.9m) from R$138.9 million, as the gross margin improved to 37.7 percent from 36.1 percent. Net revenues were 24 percent ...
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ArticleGrupo SBF results affected by investments in vital systems
Grupo SBF, the operator of Brazil’s top sporting goods chain Centauro, suffered a 68 percent decline in adjusted Ebitda to 161,043,000 Brazilian reais (€31.5m) for the period ended Sept. 30. Gross margin, however, improved to 47.9 percent from 44.9 percent. Adjusted net profit, which excludes non-recurring expenses, declined 66 percent ...
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ArticleDecathlon Germany launches new buyback service
Decathlon Germany is launching a used-product “Buy Back” service in select cities. For the first time, the sporting goods manufacturer and retailer is buying back used sports products and returning them to second-use sales after successfully inspecting and/or repairing them. Customers who sell their products to Decathlon receive either a ...
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News briefsPuma recognized as Company of the Year at German Diversity Award
Puma was named “Company of the Year” at this year’s German Diversity Award for its commitment to providing its employees with an open and tolerant working environment. Employees in management positions at Puma receive regular training on topics such as diversity, intercultural communication and inclusion, and there are regular events ...
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News briefs
Aaron Donald and Jaylen Brown are leaving Kanye West’s agency
Aaron Donald and Jaylen Brown are both leaving Donda Sports, Kanye West’s sports marketing agency. The decision comes on the heels of West’s controversial antisemitic remarks, which also cost him his partnership deal with Adidas, as recently reported by SGI Europe. Donald plays for the Los Angeles Rams of the ...
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ArticleCanada Goose lowers FY outlook on China issues
Persistent lower traffic trends and dampened consumer sentiment in China have forced Canada Goose to lower its FY revenue and profit outlook despite strong brand sales performance in other global geographies. The group has dropped its annual revenue outlook by more than 7 percent to a range of C$1.2-1.3 billion ...
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News briefsAmazon announces 15% sales increase in Q3 but gives weak guidance for Q4 holiday season
Amazon has announced a net sales increase of 15 percent to $127.1 billion in the third quarter ended Sept. 30. Excluding the $5.0 billion unfavorable impact from year-over-year changes in foreign exchange rates during the quarter, net sales increased 19 percent versus third quarter 2021. Sales at the Amazon Web ...
