All Sporting Goods Intelligence articles in Volume 33, Issue 51+52 – Page 2
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AnalysisDigital Payments and e-wallets: An overview about PayPal and co
PayPal appears to be far and away the West’s top provider of e-wallets. How did this come about, who are the competitors and what is the situation in other parts of the world?
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News briefsJD Sports divesting 15 non-core fashion brands
JD Sports is selling 15 non-core, U.K.-based fashion businesses to Frasers Group for cash consideration of up to £47.5 million (€54.9m). The divestiture will result in JD taking a non-cash exceptional charge of up to £100 million and shifting more focus to the international and digital businesses of its core ...
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ArticleDesigner Brands acquires Topo Athletic
Designer Brands Inc. announced the acquisition of Topo Athletic, expanding its reach into the performance athletic and outdoor footwear categories.
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Short stops
Short Stops Week 51, 2022
RETAIL & DISTRIBUTION +++ Drapers reported that footwear brand Ugg is reportedly going to remove its products from the shelves of independent retailers in the U.K. as early as next year as the group looks to focus its business on big-box retailers +++ Union Binding Company and CAPiTA Snowboarding have ...
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News briefsAsics partners with Apparel Group to roll out retail stores in the GCC
Asics has teamed up with regional conglomerate Apparel Group to launch Asics retail stores in Qatar, United Arab Emirates (UAE), Saudi Arabia, Oman and Bahrain. The franchise contract encompasses the opening of 20 stores within the next five years. The first Asics store under this agreement was inaugurated at the ...
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News briefsNew Balance plans $65 million investment to double production capacity in Maine
New Balance has announced a $65 million investment in construction and capital equipment in its Skowhegan, Maine factory, with a view to double production capacity and add over 200 new jobs to the facility, Footwear News has reported. The factory currently employs 250 people. The investment will allow the renovation ...
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News briefsTravisMathew announces appointments for its European office
Californian sportswear brand TravisMathew, part of Topgolf Callaway Brands, has appointed Matt Freeland as general manager for the EMEA region and Matt Cox as strategic key account manager EMEA. Freeland joined TravisMathew in October. Most recently, he served as commercial director of the sportswear brand Champion. He also previously worked ...
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News briefsBunkered Live golf show to return in 2023
The Bunkered Live consumer golf show, which debuted this year, will return in 2023. The exhibition will return to the NEC in Birmingham on Feb. 24-26, followed by a second event at the Royal Highland Centre in Edinburgh on March 24-26. Bunkered Live is an evolution from the Scottish Golf ...
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News briefsFINA rebrands as World Aquatics
The International Swimming Federation (FINA) has become World Aquatics following a vote in Melbourne on Dec. 12 at an extraordinary congress on the eve of the World Swimming Championships (25m) 2022. Founded in 1908, FINA controls the development of aquatic events in swimming, water polo, diving, artistic swimming, high diving ...
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Case StudyWhy Allbirds has been unable to sustain its early stock market success
Allbirds, the sustainable footwear company, smashed predictions in its IPO twelve months ago. Now the brand is struggling to entice investors.
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News briefsHead of XXL Norway to step down next May
Source: via Norsk Sportsbransjeforening Stine Trygg-Hauger Stine Trygg-Hauger will step down as managing director of XXL Sport & Villmark in May 2023. At the same time, the new XXL group CEO Freddy Sobin will take over from Pål Wibe, who stepped down earlier this year. Trygg-Hauger has ...
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News briefsIntersport Austria forecasts good winter business with renewed interest in all winter sports
In the first two weekends of Advent, Intersport Austria registered a boom in all winter sports equipment: According to the buying group, there was request for skis, touring skis, snowshoes, as well as sleds. The booking situation on the company’s rental platform is also developing well. As last year, the ...
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News briefsHigh energy costs massively change Germans’ buying habits
The German Retail Association (HDE) reports that the high price increases for energy in Germany have significantly changed the shopping behavior of consumers. For example, the latest HDE “Consumer Monitor Prices” for 2022/23 shows that eight out of ten consumers are affected by rising energy costs, and ...
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News briefsDecathlon Germany becomes Payback partner
From Jan. 2, 2023, Decathlon in Germany will partner with the Payback loyalty program. The French sporting goods manufacturer and retailer operates more than 80 stores and an online store in Germany, and customers can choose from more than 100 types of sports in its product range. Payback was founded ...
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ArticleFormer head of Yeezy-Adidas innovation lab launches FCTRY LAb with $6 million fundraising
Former Yeezy-Adidas Innovation Lab head Omar Bailey and Abhishek Som, a former Wall Street and private equity executive, have co-founded FCTRY LAb, a BIPOC-led, Los Angeles-based footwear prototyping lab and venture studio that aims “to democratize sneaker production and open-source innovation for emerging and established designers and brands of all ...
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News briefsJordan Wings scholarship program expands into the Philippines
Source: Nike The six scholars in the Jordan Brand Wings Scholars Program, Class of 2026: [From Left to Right]: Jurgen San Agustin, Coleen Reyes, Harriet De Leon, Czarina Leviste, Lean Villar, Adrian De Guzman Nike’s Jordan Brand has announced the expansion of The Jordan Brand Wings Scholars ...
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News briefsLacoste becomes official partner of the Madrid Open
Lacoste has agreed on a three-year deal with the Madrid Open as the tournament’s official footwear and apparel sponsor. The tennis tournament, currently sponsored by Mutua Madrileña and also known as Mutua Madrid Open, is one of nine ATP Masters 1000 and four WTA 1000 mandatory events. The tournament is ...
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News briefsVolare announces new international sales executive and expansion
Australian brand Volare Sports has appointed Andrew Pirie as European sales and international business development manager. Pirie will be based in the U.K. Alongside this appointment, the company has announced international expansion into the U.K., EU and Asia. Volare designs triathlon wetsuits, swim skins, clothing and accessories for performance athletes ...
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News briefsMove City Sport to continue as a biennial event
The organizers of Move City Sport have announced a second edition of the event, which is set to take place on Oct. 23-24, 2024, in Bergamo, Italy. The announcement comes on the heels of the success of the inaugural show, which was held earlier this year, also in Bergamo, on ...
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News briefsSport 2000 runs employer branding campaign to support retail recruitment efforts
Enhancing the attractivity of jobs in sports retail is the goal of the current cross-country employer branding efforts of Sport 2000, run in Germany, Austria and the Netherlands. With advertisements, a social media campaign and selected tools and assets like the locally held ”Junior Sales Champion” competition offered to its ...
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