All Sporting Goods Intelligence articles in Volume 33, Issue 47+48
View all stories from this issue.
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News briefsMUOV launches new crowdfunding campaign
MUOV, a London-based indoor cycling brand, has announced a new crowdfunding campaign on Crowdcube. The campaign, which opened to pre-registered users on Nov. 16, will go public on Nov. 28. The new funds are meant to contribute to marketing and fulfilling pre-orders in the U.K. and overseas. MUOV launched the ...
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PDF NewsletterSGI Europe Executive Edition: Vol 33 - 47+48
Asics raises FY forecast on gains in performance running in China | World Cup 2022: FIFA expects $6.4bn record revenues | EDM Expert Talk at ISPO Munich 2022 | Nike to launch new digital member platform called .Swoosh | Foot Locker raises FY outlook, decides to exit some geographies | On raises outlook again, vows to “protect the position of the brand” | Rossignol Group plans significantly more revenue, new ESG commitments, novel four-season approach | Wolverine establishes new brand structure, sets bigger focus on profit | Alibaba’s operating income increases 68% | Puma and Foot Locker expand partnership with special collabs for next-gen customers | Fila raises revenue guidance but sees operating profits under pressure | Yue Yuen cautious about months ahead despite strong Q3 | Nautilus drops FY outlook on challenging macro, retail trends | China’s ongoing Covid-19 restrictions may force brands to reconsider market strategy
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News briefsNike and Fanatics sign licensing deal with the Tokyo Giants
Nike and Fanatics have inked a new agreement with the Yomiuri Giants, also known as Tokyo Giants, Japan’s most successful baseball team. The financial terms were not unveiled, nor was the duration of the agreement. As part of the deal, Nike will become the team’s official uniform supplier, while Fanatics ...
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News briefsChina Dongxiang reduces loss despite market challenges
China Dongxiang, which has been a publicly traded company for 15 years, lowered its net loss to 386 million yuan renminbi (€52.5m) from a loss of RMB 748 million for the six months ended Sept. 30. The six-month operating loss was RMB 392 million (€53.4m). Revenues dipped 8.9 percent to ...
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News briefsMacron presents the official merchandise line for Rugby World Cup 2023
Italian teamwear brand Macron and World Rugby have presented the official merchandise line for the Rugby World Cup 2023 (RWC 2023), in a partnership facilitated by World Rugby’s global master licensee IMG. Macron is the official sports apparel supplier of RWC 2023. The tournament will be held in France, and ...
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News briefsGerman sports retailer association VDS elects new board
At the annual meeting of the Verband Deutscher Sportfachhandel e.V. (VDS) in Munich, the board of directors was unanimously elected, including two new members: President Stefan Herzog, Munich Jochen Schnell, Pforzheim (new) Katrin Hanel, Oschatz (new) Honorary president Werner Haizmann, Stuttgart Treasurer Harrison Kahlert, Hildesheim Mark Antonius Rothe, Berlin ...
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News briefsYouTube expands e-commerce features
YouTube is to introduce shopping features to its video feature “Shorts” service, according to Reuters. The streaming service is also testing new commission schemes for influencers who sell products through links in videos. The feature is initially being tested with eligible creators in the U.S. and will allow them to ...
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News briefsDecathlon to promote sports among the youngest in Spain’s Valencian Community
The Decathlon stores in Spain’s Valencian Community have teamed up with the Trinindad Alfonso Foundation to promote sports among the youngest in schools across the region. The Trinidad Alfonso Foundation is chaired by Juan Roig, the majority owner of the Spanish supermarket chain Mercadona. The Decathlon stores in the autonomous ...
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News briefsHohenstein invests €1.3 million in AI-startup Sizekick
Hohenstein, a German provider of textile testing and a founding member of Oeko-Tex, has invested €1.3 million in Sizekick, a Munich-based software-as-a-service (SaaS) startup founded in the summer of 2022. Hohenstein’s investment is intended to enable the product launch in 2023. Sizekick’s software is designed to help online shoppers find ...
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News briefsPeloton social impact team awarded community organization award
Peloton has been awarded the Community Builder Award by Bronx-based community development organization, the Women’s Housing and Economic Development Corporation (WHEDco) at its annual Benefit and Ballgame event. Held at the Yankee Stadium, the event celebrates the work of WHEDco and the Bronx residents they serve. Alongside The Local Initiatives ...
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ArticleEDM Expert Talk at ISPO Munich 2022
Join us for our expert talk at this year’s ISPO, where we’ll be discussing the future of the circular economy, along with some special guests.
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News briefsEppler to replace Høgberg as Odlo CEO
Source: Odlo Daniel Eppler, new Odlo CEO Monte Rosa Sport, owner of the Odlo, Henri-Lloyd and Janus brands, has appointed Daniel Eppler as new CEO of Odlo and Monte Rosa Sport, effective Jan. 1, 2023. Eppler joins the group from Nike, where he currently serves as VP ...
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News briefsRoeckl Sports appoints new multisport division head of sales
Source: Roeckl Sports Sascha Degener, Head of Sales Sascha Degener, most recently sales manager in South Germany for the L-Fashion Group, was appointed head of sales in the multisport division of the Munich-based glove specialist Roeckl Sporthandschuhe in September 2022. Degener is in charge of the qualitative ...
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News briefsFila reorganizes global design and creative teams
Following the global 5-year strategic plan ”Winning together” released in February this year, Fila Holdings Corp. is reorganizing key global teams, announcing a change in marketing and design leadership to strengthen the company’s organizational capabilities. The global design team is led by Torsten Hochstetter, and the new Futura innovation team ...
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News briefsOrthoLite Cirql names sales director in Ho Chi Minh City, Vietnam
Source: OrthoLite Juan Cutina U.S.-based insole specialist OrthoLite has introduced Juan Cutina as sales director for its recently launched OrthoLite Cirql division. Cirql – an EVA foam that is plastic-free, recyclable, biodegradable and industrially compostable – is a patented solution for footwear that helps brands and factories ...
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News briefsBjörn Borg reports strong e-com growth in third quarter
Björn Borg currency neutral operating profit, adjusted for non-recurring items, rose 1.5 percent to 53.2 million Swedish kronor. Reported operating profit declined 42 percent to SEK 30.6 million (€2.9m) from SEK 52.4 million for the period ended Sept. 30. The operating margin declined 12.3 percent from 21.8 percent in the ...
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News briefsAdidas Originals produces first wearable NFTs
On Nov. 16 Adidas Originals released its first capsule of blockchain-based virtual wearables – what it will henceforth call Virtual Gear – in the form of NFTs. All 16 of the collection’s items are, according to the brand, “designed to be worn by virtual avatars,” “accessible through a PFP dressing ...
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News briefsGore introduces 2L-laminates with recycled Bionic face fabrics
With launch partner Patagonia, W.L. Gore is introducing into its autumn/winter 2023 line two new two-layer Gore-Tex laminates with Bionic textile face fabrics made from plastic waste collected from seacoasts. Gore has invested in Bionic’s plastic recovery and sorting facility in Cóbano, Costa Rica, and is providing materials science and ...
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ArticleWorld Cup 2022: FIFA expects $6.4bn record revenues
During the month-long 2022 World Cup, the eight kit sponsors want the game to take center stage. FIFA’s decisions could derail that plan.
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News briefsOn expands its resale program to apparel
Performance sportswear brand On has announced the expansion of its Onward resale program to include its apparel collection. Alongside On’s footwear offering, consumers will now be able to shop a wide assortment of pre-owned men’s and women’s performance apparel. The Onward program is powered by California-based Trove. Onward initially launched ...
