All Sporting Goods Intelligence articles in Volume 34, Issue 11+12 – Page 4
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ArticleFoot Locker Q4 net drops 82%, sets long-term targets and closes Hong Kong stores
Under its new president and CEO, Mary Dillon, Foot Locker outlined its financial objectives for FY24 to FY26 before investors in New York. Simultaneously, the group released Q4 and FY22 results and its outlook for the current fiscal year. Operating income declined by 51 percent to $59 million from $121 ...
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ArticleFinal Arbitration Judgements may not always be final
Our legal expert explains a new ruling from Germany that may affect dispute resolutions, especially where a market leader is involved.
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News briefsFrench court will examine options for Go Sport on April 18
The Grenoble Commercial Court has decided to study the continuation plan that Hermione People & Brands (HPB), Go Sport’s owner, the owner of Go Sport, intends to implement, as well as the takeover bids available on April 18. Intersport and Frasers (formerly Sports Direct) are among the potential buyers. French ...
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News briefsAsics recognized by CDP for its sustainability efforts
For the fourth consecutive year, Asics Corp. has been awarded a position on the Supplier Engagement Leaderboard by CDP. Headquartered in Brussels, CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Asics has been recognized for ...
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News briefsSSU eyes return to profitability in FY24
The sports e-commerce company Signa Sports United (SSU) is undergoing a strategic realignment assessment to generate long-term shareholder value that it intends to reveal at the end of Q2 but is projecting an ongoing challenging environment through the remainder of the FY due to inflationary pressures impacting both consumer sentiment ...
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News briefsWolverine Worldwide names new chairman, directors
Tom Long, the lead independent director for Wolverine Worldwide and former CEO of MillerCoors, LLC, will become chairman of Wolverine on May 4 following the retirement of Blake Krueger, chairman and retired CEO. Meanwhile, earlier this week, the parent of the Merrell and Saucony brands, among others, named three ...
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ArticleABG and G-III sign long-term license for Nautica Women’s in North America
Authentic Brands Group (ABG) signed a strategic, long-term license for its Nautica women’s apparel with G-III Apparel Group, a global expert in design, sourcing, manufacturing, distribution and marketing. Under the partnership, G-III will design, manufacture and distribute Nautica women’s sportswear, jeans, tailored apparel and dresses for the U.S. and Canada. ...
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News briefsHanesBrands appoints president for Champion Europe
Source: Business Wire Lorenzo Moretti, new President of Champion Europe HanesBrands announced that Lorenzo Moretti has been appointed president of Champion Europe, effective July 2023. Moretti will lead Champion Europe’s direct-to-consumer business and build on the company’s strong position in wholesale channels. The focus is on growing ...
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefsAdidas partners with Rheon for new high-tech workout apparel
Source: Adidas Adidas Techfit Control with Rheon super polymer For Spring/Summer 23, Adidas is launching the new Adidas Techfit Control apparel line in collaboration with Rheon Labs, the company behind Rheon, an energy-absorbing “super polymer.” The latest high-tech collection combines Adidas’ material constructions with the intelligent polymer ...
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ArticleFor indie sneakers, all players in one arena
A first decentralized brand for sneakers has seen the light of digital day on a platform created by a company called Madeium and run in part with tech from a company called Intertrust. Under the name Yxung, the brand runs on a peer-to-peer (P2P) model. You might remember P2P as ...
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News briefsTrusTrace with first hire in the U.S.
Source: TrusTrace Apurva Bhargava, new Head of U.S. Operations TrusTrace, a Swedish SaaS company that provides a product traceability and compliance platform for retail and fashion companies, has announced its first hire in the U.S. with the appointment of Apurva Bhargava as head of U.S. operations. Bhargava’s ...
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ArticleAcushnet opposes proposed golf ball bifurcation
Acushnet Company, parent of the popular Titleist golf ball brand, has voiced its disapproval of proposed rule changes by the Royal & Ancient Golf Club of St. Andrews (R&A) and the U.S. Golf Association that would create two golf ball specifications – one for professionals and one for recreational players. ...
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News briefsAdidas launches soccer shoes with Parley to help reduce plastic waste
Source: Adidas Mapi León In collaboration with Parley for the Oceans, Adidas has released a soccer shoe pack with three Adidas x Parley footwear franchises: Predator Accuracy, X Speedportal and Copa Pure. The three models are the first to be made partly from Parley Ocean Plastic, re-imagined ...
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News briefsAnta wants shares to also be traded in Chinese currency
Anta Sports Products is applying for approval from the Hong Kong Stock Exchange to allow its shares also to be traded in the Chinese yuan renminbi (RMB) currency besides the Hong Kong dollar under the dual counter model. The group said the change would be beneficial by allowing shareholders and ...
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News briefsYKK is a leader in supplier engagement, increases environmental efforts
Japanese YKK Corporation has been selected as a “supplier engagement leader,” the highest score on the 2022 Supplier Engagement Report (SER) from CDP for the first time. CDP is an international environmental non-profit focused on measuring and reporting companies’ environmental impact (it also published a global supply chain report and ...
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News briefsCheers to Jake: The Burton Mine77 x Underberg collab
We had to read twice to make sure it wasn’t April’s Fools Day yet, but Burton Snowboards unveiled a story on March 16 that most of us probably didn’t know about the late Jack Burton: “It could be argued that Jake enjoyed an Underberg on more mountains ...
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News briefsInfantino re-elected as FIFA president
Gianni Infantino has been elected FIFA president for the third time overall and will thus remain in office for another four years. The vote was held by acclamation at the BK Arena in Kigali, the Rwandan capital, meaning delegates showed their approval by applauding. Infantino was the only candidate. The ...
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Article361 Degrees reports flat FY22 operating income
361 Degrees, which is continuing to upgrade its omnichannel retail experience in China, realized an 0.8 percent drop in FY22 operating income to 1,074 million yuan renminbi (€144.9m) against RMB 1,083 million for the 12 months ended Dec. 31. The operating profit margin fell to 15.4 percent from 18.3 percent. ...
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