All Sporting Goods Intelligence articles in Volume 34, Issue 11+12
View all stories from this issue.
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ArticleNike publishes FY 2022 Impact Report
Nike has released its annual impact report, which provides an overview of the brand’s progress in achieving its goals across the three pillars of people, planet and play. In the report, there is a particular focus set on diversity and inclusion. The company has exceeded its goal for women in ...
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 11+12
Analysis: Taking stock of sporting goods inventory levels | Nike’s gross margin takes hit on further inventory liquidations | On Holding sees ongoing momentum in 2023, surpasses the CHF 1bn sales mark | Li Ning’s annual profit inches up on 14 percent revenue growth | Anta’s FY profit is flat despite revenue expansion | Foot Locker Q4 net drops 82%, sets long-term targets and closes Hong Kong stores | Fila’s FY22 profitability driven by Acushnet | Tecnica Group wraps up record financial year | EU releases proposal for new green claims law | Decathlon goods return to Russia | Xtep Intl. sees annual revenues surge to all-time high | KMD Brands H1 sales grow as pandemic effects subside | Nike publishes FY 2022 Impact Report | 361 Degrees reports flat FY22 operating income
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News briefsSpanish group’s plans so far paying off
Base Detall Sport continues to pursue its triple plan of expansion, verticalization and digitalization, according to Diffusion Sport. The Spanish group has now converted most of its stores to the new corporate image, and post-conversion sales are up on average by 20 percent. As we reported last month, the group ...
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News briefsHurley owner acquires fashion brand Scotch & Soda
Bluestar Alliance, a New York-based brand management company that also owns the Hurley surf brand, has announced the acquisition of Amsterdam-based fashion brand Scotch & Soda. The acquisition by Bluestar Alliance will allow Scotch & Soda and its products to continue in key markets, including the Netherlands, approximately one week ...
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News briefsPádel brands should expect a reckoning, says Head exec
Head Spain’s revenues rose by 46 percent last year to the record level of €27 million. Racquet sales accounted for some 70 percent of the total, and within that preponderance, pádel outsold tennis three to one. But this has not translated directly into retail sales. According to Head Spain’s business ...
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News briefsBiohacking expo going to Dubai
Asia’s first edition of the World Biohack Summit (WBHS) is scheduled for May 30-31 at the Grand Hyatt Hotel in Dubai. By the organizers’ definition, biohacking is a “health optimization model” consisting of things like genomics, personalization, lifestyle modifications, AI, wearables, “quantified self tools,” and the teachings of “ancient wellness ...
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News briefsHummel has its climate targets validated by SBTi
The Danish sportswear brand Hummel has announced that its climate targets have been validated by the Science Based Initiative (SBTi), which has verified Hummel’s targets to reduce absolute scope 1 and scope 2 greenhouse gas emissions by 60 percent by 2031 from a 2021 base year. Additionally, Hummel has committed ...
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AnalysisAnalysis: Taking stock of sporting goods inventory levels
Our exclusive analysis of the inventory levels of some of the industry’s biggest brands, including how some are responding to the challenges
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News briefsEuropean Commission: Live-stream discussion on forced labor on March 28
In Sept. 2022, the European Commission presented a proposal for a regulation to prohibit products made using forced labor, including child labor, on the internal market of the European Union (EU). Work is now underway to prepare the relevant legislation. To raise awareness of the topic, “Care ...
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News briefsArena launches Planet Water campaign
Arena has unveiled a new campaign inspired by its “Planet Water” brand statement. The campaign was launched on World Water Day, March 22, with the first flight running through the end of April. Founded in 1973, the swimwear brand is currently celebrating its 50th anniversary. “Planet Water” is meant to ...
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News briefsIOC launches first Olympic Collection apparel range
The International Olympic Committee (IOC) is introducing the first Olympic Collection apparel collection, including hoodies, sweatshirts and t-shirts. Each collection piece features the iconic Olympic rings, designed in 1913 to symbolize unity across continents, at the heart of its design. Each style also features bespoke design nods to the spirit ...
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ArticleGerman e-tailer SportFits with record year
The southern German e-commerce company Tourispo has grown rapidly for the fifth consecutive year with its SportFits online shop, recording sales of €18.6 million in fiscal 2012. Despite the difficult overall economic environment, the e-tailer was thus able to achieve growth of 55 percent year-on-year and record an increase in ...
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News briefsFútbol Emotion appoints former Adidas manager to chief teamsales officer
Fútbol Emotion, the Spanish sports equipment retailer specializing in football, has appointed Carlos García as chief team sales officer. He will lead the team sports sales department and a staff of 55 people. García spent 15 years at Adidas, most recently as senior manager sport specialist. He was previously a ...
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News briefsFirst Jordan-only store in Japan opens in Shibuya, Tokyo
Jordan World of Flight Shibuya opened in Tokyo on March 25. It is the first Jordan-only store in Japan. World of Flight is the brand’s “highest expression of basketball culture at retail.” The new 850-square-meter store in Shibuya sells Jordan Brand footwear and apparel products across men’s, women’s and kids. ...
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News briefsThe women sign up for Premier Padel
Premier Padel’s president, Luigi Carraro, appears to be as good as his word. As we reported last week, the league has been promising to bring women into its tournaments over the course of the current season. Indeed, Carraro said, the only reason the women weren’t playing already in the Ooredoo ...
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News briefsSecond expansion of ANWR Ordercenter O1 starts, to be opened next year
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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ArticleSurvey: Millennials will lead global e-com spending in 2023
The latest ESW Global Voices survey shows that more than a quarter of the age group known as Millennials plan to spend more of their money online this year in health & beauty, luxury, apparel & footwear and consumer electronics. The consumer survey by ESW, a DTC e-commerce company headquartered ...
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Short stops
Short Stops Week 13, 2023
EXECUTIVE CHANGES +++ Troy Brown, the president of North America of Zumiez Inc., will retire on June 30, 2023 +++ According to media reports, Thomas Pacheco notified Acushnet Holdings Corp. of his intention to resign as the company’s executive vice president, chief financial officer and chief accounting officer effective Aug. ...
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News briefsNew distributors announced for Red Bull Spect Eyewear
The Austrian eyewear company MPG has found a new distribution partner for its Red Bull Spect Eyewear. From 2023 onwards, Reusch International will take over the Italian sports channel, and Kubus Sports will be in charge of Benelux. MPG has a ten-year license with Red Bull, with the Red Bull ...
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News briefsInner city shopping mobility: HDE publishes location monitor
The German Retail Association HDE has published its latest field study on consumer mobility for city shopping, conducted in association with GfK in Germany. The “Standortmonitor” (location monitor) 2022 reveals consumer preferences for means of transport while shopping in city centers. According to the report, 63 percent ...
