All Sporting Goods Intelligence articles in Volume 34, Issue 11+12 – Page 3
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ArticleTecnica Group wraps up record financial year
According to its 2022 financial statements just published, Italy’s Tecnica Group looks back on the highest results in its history, with sales of €561 million, up 21 percent year-on-year. Adjusted Ebitda amounted to €94.5 million, up 14 percent compared to FY2021. In 2022, the company also posted a consolidated operating ...
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News briefsPrimaLoft has a new CFO
Source: PrimaLoft Jason Kerley Materials technology company PrimaLoft, Inc., a subsidiary of Compass Diversified (CoDi), has announced the promotion of Jason Kerley to chief financial officer. Kerley, who currently serves as vice president - controller, will assume the position following the departure of Tom Seaver, who joined ...
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ArticleMetaverse NPCs that can learn
NPCs are familiar to gamers around the world as mindless characters that populate the backgrounds of video games. They are non-player characters, or NPCs, because no player is in control of them. A California company called Infinite Reality (iR) is endowing the NPC with data collection and machine learning to ...
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ArticleKMD Brands H1 sales grow as pandemic effects subside
KMD Brands, the down-under parent of Rip Curl, Kathmandu, and Oboz, reported Ebit of NZ$31.4 million (€18.6m) for H1 ended Jan. 31. Total revenues rose by 34.5 percent to NZ$547.9 million (€323.8m) as gross margin came in flat at 58.7 percent. Ebitda was NZ$90.8 million (€53.7m) versus NZ$45.3 million. The ...
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ArticleNike’s gross margin takes hit on further inventory liquidations
Nike senior executives, citing persistent efforts to reduce excess inventory and a prior decision to sharply reduce buys for the spring and summer 2023 seasons, insist the company is positioned to begin its next financial year on June 1 in a healthy merchandise position. “We’re increasingly confident that we’re going ...
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ArticleAnta’s FY profit is flat despite revenue expansion
Anta Sports Products, forced to cope with pandemic-related policies that negatively impacted store foot traffic and consumer sentiment across China for most of 2022, reported 8.8 percent growth last year to 53,651 million yuan renminbi (€7.58bn) on a flat net profit of RMB 8,245 million (€1.17bn) against RMB 8,219 million. ...
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ArticleRussia has seen sharp decline in sporting goods sales in 2022, new survey shows
After the departure of the key foreign brands, including Nike, Adidas, Reebok and Decathlon, from the country, Russian sporting goods experienced a 40 percent drop in sales in monetary terms in 2022 compared with the previous year, a survey conducted by Tinkoff Data, a consulting branch of a local privately-owned ...
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News briefsFashion for Good announces 12 new members of its 2023 Innovation Program
Fashion for Good has welcomed twelve new start-ups to its global platform. The selected innovators will participate in the nine-month 2023 Innovation Program, with bespoke support based on the development stage and ambitions of each participant, to validate their technologies, match with relevant industry partners and drive implementation and investing ...
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C-Suite InterviewSport 2000 International’s CEO is pushing its specialist concept
In part two of our interview, CEO Margit Gosau shares what Sport 2000’s new specialist concept might look like and her predictions for 2023.
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C-Suite InterviewMargit Gosau: “In times of crisis, sport seems to become more important”
In an exclusive interview, Margit Gosau CEO Sport 2000 reveals the group’s most successful categories and why Finland and Sweden are leaving
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News briefsVolleyball emerges as the digital champion for 2022
The International Volleyball Federation (FIVB) has emerged as the leader among sports authorities in the 7th edition of the #SportOnSocial League Table, a social media performance benchmarking tool established every year by research, digital and creative agency Redtorch. FIVB ranked second last year when the top spot was occupied by ...
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ArticleDecathlon goods return to Russia
Russian marketplace CDEK.Shopping has started selling Decathlon merchandise in Russia, the company said on March 10. Currently, nearly 50,000 items, or 80 percent of Decathlon’s total assortment, are available to Russian customers. The offer includes items under the Decathlon and Quechua brand names as well as Regatta, Hummel, Caperlan, Domyos, ...
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News briefsThe key topics at Supply Chain Forum Amsterdam 2023
The Supply Chain Forum, part of the PI Apparel conference series, will return to Amsterdam on May 30-31. The key topics at the event, held at the Postillion Convention Centre Amsterdam, will include: The greening of the fashion supply chain, with special attention to the EU Green Deal; the impact ...
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ArticleOn Holding sees ongoing momentum in 2023, surpasses the CHF 1bn sales mark
13-year-old Swiss company On, which completed its first full year as a public company in 2022, is forecasting currency-neutral sales growth of 42 percent this financial year to 1.7 billion Swiss francs (€1.69bn), further gross margin expansion toward its mid-term target of 60 percent, and a 150-basis-point growth in adjusted ...
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News briefsSweaty Betty’s CEO and COO to step down
Sweaty Betty’s chief executive Julia Straus and chief operating officer Mark Smith are both set to leave the company. The pair will step down from the business in the summer of 2023. Replacements have not yet been announced. An official statement from Sweaty Betty, first quoted in Drapers, confirmed: ”After ...
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ArticleLi Ning’s annual profit inches up on 14 percent revenue growth
Li Ning Company realized a 4.9 percent decline in annual operating profit to 4,887 million yuan renminbi (€690.5m) for the 12 months ended Dec. 31 as total revenues increased by 14.3 percent in local currency to RMB 25,803 million (€3.65bn). Retail sell-throughs, including online and offline, lifted higher by a ...
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News briefsSabrina Ionescu and Nike team up for signature basketball collection
Source: Nike Sabrina Ionescu’s Unicorn sock with Dri-FIT ADV Nike has unveiled Sabrina Ionescu as its newest signature athlete, continuing to follow through on its self-imposed commitment to develop the next generation of basketball players and advance the game both on and off the court. Ionescu is ...
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ArticlePremier Padel to include women this season
The president of the International Padel Federation (FIP), Luigi Carraro, has told Relevo in an interview that women will be playing in the next tournament organized by Premier Padel – that is, after the Ooredoo Qatar Major, which took place from Feb. 28 to March 6. “If we’d had a ...
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Short stops
Short Stops Week 12, 2023
EXECUTIVE CHANGES +++ Ironman Group has promoted Marieka Barnard, who joined the company in 2011 and most recently served as vice president of event marketing for the EMEA region, to chief marketing officer +++ Moose Knuckles, a Montréal-based luxury apparel and ready-to-wear label, has appointed Carlos Nazario, a fashion editor, ...
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News briefsAdidas to discontinue Runtastic App
Adidas is discontinuing its training app Runtastic, according to German online magazine Business Insider. Adidas acquired the Austrian startup, which launched in 2009, in 2015. Scott Dunlap, CEO at Runtastic & VP mobile at Adidas, who was appointed to succeed co-founder and CEO Florian Gschwandtner at Runtastic in 2019, has ...
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