All Sporting Goods Intelligence articles in Volume 33, Issue 47+48 – Page 4
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News briefsNew Klarna in-app search and compare tool as an alternative to Google and Amazon
Klarna launched a new “rich and unbiased search and compare tool” in the Klarna App in the U.S. last month and is now expanding it to the U.K., Sweden and Denmark. The tool compares prices from thousands of retailers. In addition, consumers can filter their search by criteria that matter ...
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News briefsEA Sports offers FIFA World Cup update for Qatar tournament
With the FIFA World Cup 2022™ game mode, Electronic Arts Inc. is now offering an update at no additional cost to FIFA 23 fans. They can play as one of the 32 qualifying nations in an authentic recreation of the entire FIFA World Cup 2022™ from the opening match to ...
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News briefsAdidas Originals and Rimowa join forces for exclusive capsule
Source: Adidas Rimowa x Adidas NMD_Backpack German brands Adidas Originals and Rimowa have teamed up for their first-ever capsule collection. The cross-category collection is made exclusively in Germany and includes Rimowa’s first backpack – the NMD_Backpack – made from the luggage brand’s signature grooved aluminum and the ...
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ArticlePuma and Foot Locker expand partnership with special collabs for next-gen customers
Following Adidas’ increased collaboration with the retailer after Nike’s gradual exit from Foot Locker earlier this year, Puma is now also massively stepping up its collaboration with the New York-based sports retailer with some promotions designed specifically for a younger demographic. The two companies announced an expanded partnership, highlighted by ...
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News briefsSympathy Lab and ISPO invite young professionals to participate in workshops
The Sympathy Lab plans five workshops on the three days of the coming ISPO Munich trade show to develop approaches and solutions for the industry together with Gen Z professionals. The aim of the textile technology company’s sessions is to learn from young professionals in the sporting goods industry to ...
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ArticleFila raises revenue guidance but sees operating profits under pressure
Korea-based Fila Holdings raised its guidance for full-year sales following the strong performance of its Acushnet subsidiary and a surge in global royalty revenues in the third quarter but cut its guidance for operating profits amid one-off restructuring costs and margin pressure due to promotional activities resulting from challenging market ...
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News briefsFusalp to open first Spanish store
High-end skiwear brand Fusalp is set to open a store in Madrid, the brand’s first in Spain, Palco 23 has reported. The store will be located at 88 calle Claudio Coello, in the Salamanca district, one of the wealthiest areas in Spain’s capital city and a major shopping district. Fusalp ...
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News briefsYeti and Tottenham Hotspur announce licensing deal
Yeti has agreed on a three-year licensing agreement with Tottenham Hotspur, the London-based football club also referred to as Tottenham or Spurs, that competes in England’s Premier League. As part of the agreement, Yeti will produce Spurs-branded insulated drinkware and accessories, available via eu.yeti.com and the Spurs’ retail outlets. In ...
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News briefsAdidas teams up with Stormzy to promote diversity in the football industry
British rapper Stormzy is partnering with Adidas and ten other brands, including Sky Sports, Manchester United, and Fulham FC, on a program to help young black people in the U.K. secure jobs and leadership positions in football. The initiative is named Merky FC, after Stormzy’s philanthropic foundation. The launch follows ...
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C-Suite InterviewHummel’s hybrid recipe with a wholesale bias drives sustainable success
Hummel has reached 2B DKK revenue. We sat down with their CEO Allan Vad Nielsen to talk about the success strategy.
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ArticleChina’s ongoing Covid-19 restrictions may force brands to reconsider market strategy
With some in the Biden Administration hoping to stabilize U.S. relations with China in talks between the country’s leaders at the G20 Summit in Bali today, footwear companies are considering a multitude of hard options for the coming year with respect to their operations in the globe’s second-largest economy. Business ...
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SponsoredISPO Munich: Brands in the outdoor halls show inclusion and diversity
New target groups are emerging, markets are declining and brands must deal with the climate crises. At ISPO Munich the exhibitors will reflect this.
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News briefsEcco opens design studio in Shanghai
The newly opened Ecco Design Studio in Shanghai is said to be characterized by collaboration and creativity with bright, open and interconnected spaces and is Ecco’s second studio after opening a studio in Brooklyn, New York, in 2021. Both studios not only focus on shoe and bag design but also ...
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ArticleHow dirty is greenwashing? A legal perspective.
This article will briefly explain the current legal perspective of environmental claims used by corporates to market their products or services, in particular on a business-to-consumer level.
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Short stops
Short Stops Week 46, 2022
RETAIL & DISTRIBUTION +++ U.S. Soccer has signed a multi-year renewal of its deal with Legends to manage the national governing body’s retail operations +++ Puma has opened a new 1,000-sqm store in Martinez, a city in the province of Buenos Aires, the brand’s largest store in Latin America ...
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News briefsGoldwin revises FY outlook
Goldwin, the Japanese sports apparel company that also distributes a portfolio of own and licensed brands in certain regions, is now forecasting full-year sales to rise 7.9 percent to ¥106,000 million (€763.2m) for the 12 months ending March 31, 2023. Annual operating profit is expected to increase 3.0 percent to ...
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News briefsMizuno’s new innovation center begins operations in November
Mizuno said its new research and development facility, dubbed Mizuno Engine, is opening this month. The company announced plans to build the innovation center three years ago. The new 6,500-square-meter facility, located on the premises of the company’s headquarters in Osaka City, Japan, is meant to amplify Mizuno’s prototyping, testing ...
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News briefsXponential Fitness lifts its FY22 revenue guidance
Xponential Fitness, the global franchisor of boutique fitness brands, has elevated its full-year revenue and adjusted Ebitda guidance and re-affirmed its outlook for studio opening and systemwide sales in North America. The California company, whose brand portfolio includes Row House, Pure Barre, and Club Pilates, among others, is forecasting 500 ...
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ArticleAustrian Tourist Board: Winter season can be a success despite challenges
At a press conference in late October, tourism state secretary Susanne Kraus-Winkler and Österreich Werbung (OW; Austria Tourism) managing director Lisa Weddig addressed the current status quo of the tourism industry and the potential for the 2022/23 winter season, revealing that the industry made a comeback this summer, people are ...
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News briefsAdidas to rename its Yeezy designs and continue sales
Adidas broke with Kanye West and his Yeezy brand on Oct. 25 and is now expecting to take a hit of about $500 million in revenue and $250 million in net sales for the current year. In its slide presentation for Q3, however, the company points out that its Yeezy ...
