All Sporting Goods Intelligence articles in Volume 33, Issue 47+48 – Page 3
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News briefsBoardriders lays off 170 employees globally
As reported by the Orange County Business Journal (OCBJ) and Shop-Eat-Surf, Boardriders has laid off many employees in various regions. Both media report a loss of about 170 jobs (110 positions in the Americas and 60 in the Asia-Pacific regions). In a statement quoted by SES, the company reorganizes its ...
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News briefsHDE elects Intersport Germany CEO to be the new president
On Nov. 16, the delegates of the German Retail Association (HDE) elected Alexander von Preen as the new president by a large majority. The assembly of retail entrepreneurs thus followed a corresponding proposal made by the HDE board in June of this year. Previously, the previous association president Josef Sanktjohanser ...
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News briefsPeloton expands collaboration with Amazon in the U.K. and Germany
Peloton Interactive announced that it is expanding its collaboration with Amazon in the U.K. and Germany. Certain Peloton products and accessories are now available on the U.K. Amazon Store and will be available on German Amazon stores in the coming weeks. The shaken connected fitness company is expanding its sales ...
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News briefsSaltex’ visitor numbers return to pre-pandemic levels
Nearly 15 percent more visitors than the 2021 show attended the 2022 edition of Saltex, Europe’s turf management show, which was held at Birmingham NEC on Nov. 2-3. More than 8,300 attendees reached the show from across the U.K. and over 50 countries, signaling a return to pre-pandemic levels. Saltex, ...
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News briefsGarmin launches first indoor smart bike
dc c has announced the Tacx Neo Bike Plus, its first and “simple-to-use” indoor smart bike that is “ready to ride with realistic road feel, simulated gradients and enhanced virtual shifting.” The Tacx Neo Bike Plus is fully adjustable and suitable for multiple athletes in a household. Five different crank ...
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News briefsParis 2024 reveals its mascots
The president of the Games’ organizing committee, Tony Estanguet, has unveiled the identity of the Paris 2024 official mascots for both the Olympic and Paralympic Games, “The Phryges,” named after the iconic French cap, the “Phrygian” (pronounced fri-jee-uhn). Their anthropomorphic design is an evolution of this piece of France’s cultural ...
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News briefsSunGod launches new crowdfunding campaign
SunGod has launched a new crowdfunding campaign through Crowdcube. The campaign, dubbed “The 2022 Vision Raise,” went live on Nov. 15. The British performance eyewear brand has a fundraising target of £1 million (€1.1 million), specifically aimed at the next stage of its growth. Thanks to the new funds, the ...
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News briefsFrance’s government focuses on sports employment
France’s ministers of labor, sports, and education and vocational training – Olivier Dussopt, Amélie Oudéa-Castéra and Carole Grandjean – have signed a roadmap document to accelerate professional integration through sport. Sport currently represents 448,000 jobs in France, namely 2.2 percent of the country’s overall salaried workforce. It is also a ...
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News briefsRossignol launches new multi-brand mountain sports store concept
Rossignol Group has announced the opening of its “Start Gate” stores in Bex (Switzerland) and Bromont (Canada). The stores offer customers products from the group’s brands in a single location, alongside specialist technical and customization services. The group’s portfolio includes the brands Rossignol, Dynastar, Lange, Look, Kerma and Risport. The ...
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ArticleRossignol Group plans significantly more revenue, new ESG commitments, novel four-season approach
Source: Rossignol Group Vincent Wauters Under the leadership of Vincent Wauters, president and CEO, who took over the reins of the group in February 2021, the Rossignol Group has announced a new strategic plan called Ascension 2026, according to which the group aims to achieve sales of ...
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News briefsHurley is focusing on expansion
U.S. action sports brand Hurley is currently reporting sales growth of more than 50 percent through September 2022. The year kicked off for the brand, which was acquired by Bluestar Alliance from Nike in 2019, with the Hurley Pro Sunset Beach, the first competition it has sponsored in nearly three ...
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News briefsNew Balance unveils its first collaboration with Mowalola
Source: New Balance New Balance x Mowalola 9060 New Balance and Mowalola have introduced their first collaboration with the launch of the New Balance x Mowalola 9060 sneaker. The shoe will make its debut on the runway for Mowalola’s spring/summer 2023 collection at Paris Fashion Week. The ...
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News briefsIOC confirms Singapore to host first Olympic Esports Week in 2023
The International Olympic Committee (IOC) has confirmed that the first Olympic Esports Week will be held in Singapore from June 22-25, 2023. The announcement is the next major step in supporting the development of virtual sports within the Olympic Movement and deepening collaboration with competitive gamers. In partnership with the ...
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News briefsSport 2000 promotes Bert Verdijck to country manager Benelux
Bert Verdijck, manager of the Belgian operations of Sport 2000, will take over a newly created role as country manager Benelux for the buying group based in Mainhausen, Germany, by expanding his area or responsibility to include the Netherlands and Luxemburg. In this role, he reports directly to the Sport ...
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ArticleCreator-guided shopping platform LTK adds first Chief People Officer
Source: LTK Patricia Gonzales, the new CPO of LTK LTK, formerly rewardStyle, a global technology platform that connects creators, brands and shoppers to facilitate commerce online and through the LTK shopping app, has announced Patricia Gonzales as the company’s first chief people officer (CPO). LTK, which calls ...
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News briefsYonex reported strong first half but braces for tough times ahead
Yonex, the Japanese sporting goods company, reported solid first-half results but warned that it anticipates tougher business conditions ahead due to raw material price hikes, the depreciation of the yen, inflation, and general economic condition. The group, however, said it will maintain investments in marketing and human resources “to sustain ...
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News briefsKMD Brands reports strong Q1 performance
KMD Brands, the former Kathmandu Holdings Ltd., achieved positive year-over-year sales growth for all brands in Q1 of its FY23 that ended on Nov. 6. Additionally, the group realized a NZ$30 million (€17.7m) year-over-year improvement in its operating profit for the period and said its gross margin is “holding up ...
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ArticleOn raises outlook again, vows to “protect the position of the brand”
On Holding, after reporting another quarter of strong results, now sees its FY22 revenues growing by 55 percent to 1.125 billion Swiss francs (€1.16b) and its adjusted Ebitda margin hitting CHF 148 million (€152.1m) despite ongoing margin pressure from the combination of a strong U.S. dollar and weak euro. The ...
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ArticleNike to launch new digital member platform called .Swoosh
Nike has developed a blockchain-based platform to serve as a “home” for all of its virtual creations – that is, “interactive digital objects such as virtual shoes or jerseys” for wearing “in digital games and immersive experiences.” In other words, NFTs. Nike has instituted a blog on ...
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ArticleNo detailed Singles Day 2022 numbers; Chinese outperform foreign brands in best-selling items
According to a report by Reuters, Chinese consumers tended to opt for relatively inexpensive domestic brands rather than more expensive ones on this year’s Singles Day (Nov. 11), as strict Covid-19 restrictions and economic uncertainty weighed on the shopping spectacle. The shopping day regularly surpasses “Black Friday” and “Cyber Monday” ...
