All Sporting Goods Intelligence articles in Volume 33, Issue 51+52
View all stories from this issue.
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PDF NewsletterSGI Europe Executive Edition: Vol 33 - 51+52
Analysis: Sporting Goods Scorecard Q3 2022 – The top performers by sales and profit | Nike’s inventory position improves as China recovery commences | International remains vital in Lululemon’s growth strategy | Retail Analysis: 2021 was a banner year for global sports retailers | Frasers defies downturn to post rise in H1 profits | Designer Brands acquires Topo Athletic | Wolverine Worldwide announces divestitures, staff cuts | Strava’s Year in Sport 2022 reveals the latest industry trends | Zalando reappoints Schröder as COO, Freeman to leave company | Former head of Yeezy-Adidas innovation lab launches FCTRY LAb with $6 million fundraising | Companies call on European Commission to revise REACH regulation
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ArticleNike’s inventory position improves as China recovery commences
In reporting more than a 30 percent quarterly sales increase across three global geographies, growing momentum in its digital business worldwide, better results in Greater China and an improving inventory position, Nike executives told analysts yesterday afternoon that the company “is in a position to control its own destiny.” ...
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News briefsBlue Tomato opens fourth store in the Netherlands
International boardsports and lifestyle specialist Blue Tomato is expanding its presence in the Netherlands with a fourth store. The company from Austria opened a new store in the “Spaarnestad” Haarlem just in time for the important shopping day Sinterklaas. The new store is located at Grote Houtstraat 96 and covers ...
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ArticleSkechers opens flagship store in Ireland
Source: Business Wire Skechers opens its first flagship store on Grafton Street, expanding the company’s presence in Ireland Skechers has opened a flagship store on Dublin’s Grafton Street. In addition to the Henry Street concept store and four other retail outlets in the greater Dublin area, the ...
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News briefsPangaia receives B Corp certification
London-based material science brand Pangaia has received B Corp certification, scoring 84.5 points in the assessment. Administered by the non-profit organization B Lab, the B Corp certification assesses a brand’s social and environmental impact. By obtaining the certification, Pangaea joins a community of 6,058 companies worldwide. More than 1,000 companies ...
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News briefsSport 2000 Austria joins global brand strategy and adapts claim
Sport 2000 Austria has joined the international marketing campaign of its mother company by adopting the corporate design and translating the brand claim “Home of experts” (launched by Sport 2000 International in April 2022) into German. “Wo Profis zuhause sind” (German for Home of experts) is the new motto in ...
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ArticleAnalysis: Sporting Goods Scorecard Q3 2022 – The top performers by sales and profit
Our Q3 Scorecard includes the revenue and profit development of 42 major sporting goods companies.
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News briefsSports organizations pledge to first-ever international “Sports for Nature Framework”
Twenty-three sports organizations, including the International Olympic Committee (IOC) as a founding partner, have signed the first-ever Sports for Nature Framework. The signatories commit to protecting and avoiding damage to important species and habitats, restoring key ecosystems, creating sustainable supply chains, and educating and inspiring the wider sporting community to ...
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News briefsNew “Jordan World of Flight” retail concept launches in Milan
Source: Nike Craig Williams, Jordan Brand President, and Sandra Idehen, Jordan Brand VP/GM, EMEA, stand at the World of Flight entrance. Jordan Brand has opened Jordan World of Flight Milan, an innovative retail destination to celebrate the legacy and future of basketball culture. World of Flight is ...
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News briefsAdidas expands partnership with Common Goal
Adidas has unveiled the next step in its global partnership with Common Goal, which aims to help drive gender equality in football by supporting dedicated grassroots initiatives in this area, on and off the pitch. The German sportswear giant said that 1 percent of net sales of the official match ...
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News briefsFIFA confirms creation of 32-team Club World Cup from 2025
FIFA president Gianni Infantino has confirmed the introduction of a new quadrennial men’s Club World Cup that will kick off in 2025. The tournament will feature 32 top teams from across the globe, up from the original 24-team scheme that was planned for 2021, canceled due to the Covid-19 pandemic. ...
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News briefsAll for Padel not quite all pádel
CEO José Luís Sicre announced at this month’s seventh edition of International Padel Days in Barcelona that All For Padel is looking to make good on its slogan, “Not everything’s padel,” especially when it comes to international expansion. According to CMDsport, the Adidas retail licensee is looking to move into ...
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News briefsEuropean industrial production is decreasing, but performs better than in 2021
Industrial production fell 2 percent in the euro area and 1.9 percent in the European Union (EU) in October 2022 compared with September 2022, according to estimates from Eurostat, the EU’s statistical office. Nevertheless, industrial production rose by 3.4 percent in the euro area and by 3.7 percent in the ...
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ArticleDecision on judicial recapitalization proceedings for Go Sport expected Wednesday
According to media reports, a hearing was held on Dec. 19 with management and employees to examine the financial situation of the retail chain.
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News briefsShein looks at becoming an online marketplace
Shein, one of the world’s largest online fashion retailers, is looking at becoming an online marketplace, according to The Wall Street Journal. The move would likely mean Shein becomes a direct competitor for existing e-commerce sites such as Alibaba, AliExpress and Amazon Marketplace, expanding beyond selling its own apparel and ...
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News briefsAdidas chooses a unique strategy for latest product launch
Adidas organized a unique product launch and purchasing system for the final sneaker model in its collaboration with Latin artist Bad Bunny. The Last Forum – the latest model in its Forum sneaker line and the final in collaboration with the artist – was available only through the Adidas Confirmed ...
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News briefs
VF is said to be interested in selling JanSport
According to Bloomberg citing „people with knowledge of the matter,” VF Corp is considering selling the JanSport backpack and adventure luggage brand. There are no details of a potential investor revealed whatsoever. Shares of VF, the owner company of The North Face (TNF), Vans and Timberland brands, have dropped by ...
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News briefsOerlikon signs agreement to acquire Riri
The Swiss Oerlikon group, a textile technology provider, specialized in surface solutions and polymer processing solutions, has announced an agreement to acquire the zippers and accessory specialist Riri. The transaction is expected to close in the first quarter of 2023, subject to regulatory approvals and standard closing conditions. Riri supplies ...
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ArticleCompanies call on European Commission to revise REACH regulation
22 global companies have called on the president of the European Commission to reverse the decision to postpone the revision of REACH to Q4 2023.
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ArticleGeneral terms of business: Frequently neglected, frequently not updated
A wake-up call for the sporting goods industry and trade.
