All Sporting Goods Intelligence articles in Volume 34, Issue 1+2 – Page 2
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News briefsRacquet sports equipment market to grow 4.3% by 2031
The global racquet sports equipment market is projected to reach $272.4 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2031, according to a new report by Dublin-based Research and Markets. The growing demand will be driven by increased fitness consciousness among ...
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ArticleFrance introduces new anti-greenwashing rules
As part of its legislative arsenal to combat climate change, the French government has now introduced the next stage of its anti-greenwashing legislation, effective January 1, 2023. The new rules are a major step in controlling advertising claims on carbon offsetting and carbon neutrality, following laws that came into effect ...
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News briefs361 Degrees Intl. details preliminary Q4 results
E-commerce sales for the Chinese company rose an estimated 25 percent in the fourth quarter, 361° Degrees reported on Jan. 16, but overall core branded sales were essentially flat during the period. Meanwhile, 361° Kids branded sales increased low-single digits year-over-year.
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ArticleDiscovery and EBU obtain European media rights for 2026-2032 Olympics
Following a tender by the International Olympic Committee (IOC), the European Broadcasting Union (EBU) and Warner Bros. Discovery have submitted and now won a joint bid to acquire all media rights for 49 territories in Europe for the XXV Winter Olympic Games Milan-Cortina 2026, the Games of the XXXIV Olympiad ...
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News briefsAdler is the new main sponsor of European League of Football
After the Zeitfracht Group was already presented as the main partner until 2024, the group’s Adler Mode brand will also be integrated into the sponsorship portfolio of the European League of Football (ELF) as a main sponsor of the leading European American football league. Adler operates more ...
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Short stops
Short Stops Week 3, 2023
LEGAL & INSTITUTIONAL +++ Meta’s supervisory board on Jan. 17 called for a revision of the company’s rules, which ban pictures of bare-chested women on Facebook and Instagram, but not those of topless men +++ UNICEF UK has announced the formation of a Sport Advisory Board, which will take ...
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ArticleEuropean Central Bank’s latest report shares new predictions on inflation 2023-2025
In December 2022, the European Central Bank (ECB) released its Eurosystem Staff Macroeconomic Projections for the Euro Area. With well-documented economic influences already leading to a sharp slowdown in real GDP growth in the third quarter of 2022, the main forecast was: The expectation of a short-lived and shallow recession ...
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News briefsHanesBrands raises Q4 outlook and announces CFO departure
HanesBrands, the parent company of Champion and other apparel brands, has announced that it expects fourth-quarter 2022 sales to be slightly above the top end of its outlook range. The company has also adjusted operating profit at the midpoint of the range. Its fourth-quarter investor conference is scheduled for Feb. ...
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News briefsJury rejects Adidas’ lawsuit against Thom Browne
Adidas failed to convince the Southern District Court in Manhattan that the use of stripes on the clothing of luxury brand Thom Browne Inc. infringes the sporting goods giant’s trademark, the three stripes. The jury found Jan. 12 that there was no trademark infringement or dilution. Adidas sought $867,225 in ...
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ArticleThe rise of pickleball, and a shift in sports
The Association of Pickleball Professionals (APP) has released its Pickleball Participation Report on the status of its sport in the U.S. If the “nearly 2,500 nationally representative adults” (over the age of 18) are, in fact, representative, pickleball is getting big.
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News briefsNew Balance is suing AS Roma over Adidas sponsorship deal
New Balance is suing AS Roma due to the club’s recent long-term agreement with Adidas. The existing technical sponsorship agreement between New Balance and the Serie A club for the production of soccer jerseys, which expires at the end of the current 2022/23 season, has not been renewed. Following press ...
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News briefsNike to renew sponsorship early to end UK Athletics' financial troubles
The Times reports that Nike and UK Athletics are close to extending their sponsorship deal for another ten years. The agreement, which currently runs until 2030, would therefore expire in 2040. The new agreement reportedly involves an up-front payment of future earnings from Nike to UK Athletics. The cash injection ...
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News briefsWilson signs first head-to-toe brand ambassador
Wilson Sporting Goods has signed up professional tennis player Marta Kostyuk as its first head-to-toe (rackets, footwear and apparel) Wilson advisory staff member. The 20-year-old Ukrainian rising tennis star has career-high rankings of 49 in singles (Feb. 2022) and 39 in doubles (Sept. 2022). She recently made the quarterfinals at ...
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News briefsGo Sport to acquire Gap France amidst uncertain future
Parent company Hermione People & Brands has confirmed in a short statement that its French sports retail chain subsidiary Go Sport will acquire the master franchise for Gap in France. French investigative online newspaper Mediapart originally unveiled the information on Jan. 10. According to Mediapart, Go Sport and Gap France ...
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News briefsCircle Economy and Deloitte to launch the Circularity Gap Report 2023
Amsterdam-based impact organization Circle Economy and Deloitte have announced a livestream event to launch the latest Circularity Gap Report 2023. The livestream will comprise a presentation of the outcomes of the Circularity Gap Report 2023 and a panel discussion and will explore tangible solutions that can be created across the ...
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News briefsNBA All-Star Allen Iverson partners with Authentic Brands Group
Reebok owner Authentic Brands Group (ABG) has teamed up with Hall of Famer and 11-time NBA All-Star Allen Iverson to further develop Iverson’s own brand. Under the partnership, ABG will focus on growing Iverson’s entertainment business, securing new advertising deals and strategic partnerships, and developing new consumer product opportunities. Currently, ...
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ArticleWhat is the future of PFAS?
Are you ready for the latest legislation and certification guidelines on PFAS? We bring you the latest update.
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News briefsOeko-Tex publishes new regulations, offers online webinar on changes
Oeko-Tex has now published its new regulations, which will come into force in the first quarter of 2023 after a transition period. Part of the new standards is a general ban on the use of perfluorinated and polyfluorinated alkyl substances (PFAS/PFC) in textiles, leather and footwear for the Oeko-Tex Standard ...
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News briefsSalomon appoints global chief brand officer
Source: Salomon Scott Mellin, new global chief brand officer Scott Mellin has been named global chief brand officer by Salomon, a new role at the company following the departure of Salomon’s VP of brand, Eric Pansier, last year. Mellin will lead the company’s global marketing organization from ...
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News briefsHanesBrands honored for sustainability leadership
U.S. company HanesBrands (HBI), the parent company of several apparel brands, including Champion, has been recognized with an A- score on the global CDP annual sustainability disclosures across two key areas of environmental impact – climate change and water security. HBI achieved this recognition for its leadership ...
