All Sporting Goods Intelligence articles in Volume 33, Issue 47+48 – Page 2
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News briefsSunGod’s latest crowdfunding campaign hit nearly £3 million
SunGod’s new crowdfunding campaign on Crowdcube, dubbed “The 2022 Vision Raise,” rapidly hit nearly £3 million (€3.5 million). The campaign by the British performance eyewear brand, which is now closed, had a fundraising target of £1 million (€1.2 million) and got 200 percent overfunded in less than 80 minutes. The ...
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News briefsNike launches “Footballverse” campaign
Nike has presented “Footballverse,” the brand’s latest football campaign. The Footballverse is meant to exemplify “Nike’s long-standing belief that the future of sport has infinite potential.” The campaign features Nike players, past and present, imagining a universe where they all compete together to show that every generation of athletes makes ...
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Short stops
Short Stops Week 47, 2022
RETAIL & DISTRIBUTION +++ Decathlon has opened a 300-square-meter store in Chambéry, an Alpine town in southeast France, located at 4 rue Bonivard +++ Nike opened Nike Aventura in Miami, Florida, the first Nike Rise store in the U.S., after testing the retail concept in Guangzhou, China, in 2020 ...
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News briefsVon Preen and Storck to remain on Intersport Germany’s board
The supervisory board of Intersport Deutschland eG has extended the contracts of CEO Alexander von Preen and CFO Thomas Storck until 2026. In addition, Frank Geisler is also a member of the management board. Storck was also appointed deputy CEO.
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News briefsSport 2000 Austria grows in 2022, is cautious with future forecasts
The expansion of strategic focus areas and the further development of logistics and sustainability topics were the focus of the recent Sport 2000 Austria general meeting. For the calendar year 2022, Sport 2000 Austria continues to expect a sales increase of around nine percent. However, the board is cautious with ...
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News briefsInfantino to remain FIFA president for four more years, delivers bizarre speech in Qatar
Gianni Infantino has emerged as the only candidate for the next election in March and is therefore set to head FIFA for another four-year term beyond the 2026 World Cup. Infantino was first elected to the top role of football’s global governing body in 2016 to replace Sepp Blatter, and ...
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News briefsXtep partners with Covestro to manufacture low-carbon running shoes
Source: Xtep Xtep’s first Mass Balance low-carbon eco-friendly running shoes 360-Eco Xtep International Holdings established a strategic cooperation arrangement with Covestro, a German chemical group, and Silan Group, an integrated footwear platform, to produce low-carbon running shoes. The partnership announcement was made jointly with the presentation of ...
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News briefsSIMA plans consumer exhibition at Huntington Beach
The Surf Industry Members Association (SIMA) has announced plans to organize a consumer exhibition, called SURFscape, on surfing and adjacent adventures in the U.S. The two-day show includes equipment tests and workshops, offering a “total brand and product experience.” The first Surfscape will be held on April 29-30, 2023, in ...
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News briefsAuthentic Brands Group reveal new corporate logo
The U.S.-based Authentic Brands Group – owner of over 40 brands, such as Reebok (acquired earlier this year), Nautica, Spyder, Eddie Bauer and Volcom – has introduced a new corporate logo and redesigned its company narrative. A wrap-up of the group’s public appearance and company strategies can be found online ...
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News briefsRip Curl appoints new wholesale manager for Europe
Rip Curl has promoted Pablo Gutiérrez to wholesale manager for Europe. Gutierrez has been with Rip Curl for nearly 30 years, first as a professional surfer and then in such posts as sales rep, country manager for Spain and country manager for Iberia. Iñigo Iraola, another former professional surfer for ...
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News briefsArena launches racing suit made with recycled fabrics, approved by FINA
Arena has announced the launch of the Powerskin ST NEXT, a competitive swimsuit made from recycled fabrics. The suit’s exclusive design, inspired by the ocean, is meant to celebrate and promote sustainability. The ST NEXT is said to be lighter, faster and greener than its predecessor, the Powerskin ST 2.0. ...
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News briefsAdidas appoints new head of retail
Adidas has announced via LinkedIn that the appointment of Andrea Dorigo as senior vice president of global retail will go into effect on Jan. 1, 2023. Dorigo is currently Estée Lauder’s global retail and commercial director for North America. Prior to joining Estée Lauder in 2018, he was the CEO ...
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News briefsFarfetch reports wider operating loss despite higher revenues
Farfetch Limited, the Internet platform for luxury goods, suffered a $218.5 million loss in the third quarter versus a $105.7 million loss in the year-ago period ended Sept. 30. The attributable net loss was $274.2 million against a profit of $767.2 million. Revenues increased 1.9 percent (14.1% in constant currency) ...
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ArticleFoot Locker raises FY outlook, decides to exit some geographies
Citing better-than-expected third-quarter results, plans to further realign its brand portfolio and a strategy to move to 300 non-mall locations by 2024, Foot Locker today raised its full-year outlook. The retailer, which has decided to abandon a fourth quarter entry into Japan and exit joint ventures in Benelux and Eastern ...
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SponsoredYour guide to ISPO Munich
There’s so much to discover at ISPO Munich, it’s hard to keep track of it all. We’re going to give it a shot anyway.
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SponsoredSnowsports: Innovation and discussion at ISPO Munich
We provide an overview of the snowsports segment at the trade show in Munich at the end of November.
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ArticleAlibaba’s operating income increases 68%
Alibaba experienced a 3 percent jump in revenues to 207.2 billion yuan renminbi (€28.1bn) from RMB 200.7 billion for the period ended Sept. 30. The increase occurred despite the Covid-19 resurgence in China that depressed consumer demand, currency volatility, higher logistics costs and slowing cross-border commerce. China sales fell by ...
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News briefsNew Balance and Stone Island launch joint limited-edition football collection
New Balance has partnered with lifestyle and sportswear brand Stone Island for a capsule football collection featuring a typical Stone Island Camouflage pattern print and the partner’s logos. Accompanying the New Balance Furon v7 x Stone Island football boot is a selection of jerseys and shorts made ...
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News briefsiFit lays off another 300 of its workforce
iFit Health & Fitness, the U.S.-based connected fitness company, has reduced its Utah-based workforce by about 300 employees, or 20 percent of the remaining 1,600 employees who had survived earlier rounds of layoffs, the Salt Lake Tribune reported. At the height of demand following the pandemic, the company had employed ...
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News briefsMunich eyes another record in annual sales
For the first half of 2022 Munich enjoyed a year-on-year rise of 30.6 percent in revenues, from €24.64 to €32.18 million, according to CMDsport. The Spanish sportswear brand appears to be on track to break its record for annual sales, set last year at €52 million. Fashion is catching up ...
