All Sporting Goods Intelligence articles in Volume 34, Issue 1+2 – Page 3
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News briefsNike sets its design vision for the next 50 years in new book
Nike is releasing No Finish Line, a new book that celebrates its 50 years of design and innovation in sports while setting a vision for the next 50 years. The book features a foreword by Nike’s chief design officer, John Hoke, and speculative fiction by journalist Geoff Manaugh. It also ...
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News briefsMunich expects 35% sales increase and opens new stores
Spanish sneaker brand Munich expects its sales to jump by around 35 percent in the full fiscal year ending March 31, 2023, to reach €65-70 million. In an interview with trade publication FashionNetwork, Munich CEO Xavier Berneda said that the company’s revenues are projected to exceed last year’s record sales ...
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News briefs
Anta Sports sees improving conditions in China despite soft Anta, Fila brand sales
Faced with lower retail foot traffic and consumer sentiment in the fourth quarter, largely related to ongoing pandemic impacts in certain regions of China, Anta Sports reported “high-single-digit” negative growth for its Anta brand and “low teens” negative growth of Fila branded products. All other branded products sold by the ...
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News briefsFootjoy and England Golf agree on multi-year partnership
England Golf has announced an exclusive three-year agreement with Footjoy as its new official apparel, footwear and accessory partner. As part of the deal, all England Golf national squad members will be kitted out with the full range of Footjoy product at international events and championships. The agreement will also ...
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ArticleWolverine Worldwide’s profitability will be impacted by inventory reductions
Wolverine Worldwide reduced its Q4 inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s FY22 and Q4 adjusted diluted earnings. Wolverine says final earning results, when reported next month, will be at the low end of ...
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ArticleJD Sports sees FY at top end of expectations after Christmas sales surge
JD Sports Fashion said it expected annual profits to be at the top end of expectations after revenues grew by more than a fifth over the Christmas period. Current market expectations for the year to Jan. 28 are for a profit before tax and exceptional items of £933-985 million (€1.05bn-1.11bn) ...
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ArticleOn has various growth levers to pull
On Holding, the Swiss-based “disruptor”, which generated $1 billion in trailing 12-month sales through Q3, continues to focus on innovation and sustainability issues while establishing growth levers to reach younger, Chinese, and apparel consumers as a head-to-toe brand rooted in performance with lifestyle adaptability. On continues to eye a 60 ...
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ArticleAdidas merges Canadian and U.S. businesses
Retail Insider reported Jan. 10 that Adidas is merging its U.S. and Canadian operations. According to the report, the new combined North American headquarters will be the current U.S. headquarters in Portland, Oregon. In 1993, the company established its U.S. operations in Portland and moved to its existing North Portland ...
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ArticleGentle upswing for consumer sentiment in Germany
Consumer sentiment in Germany remains on the upswing at the beginning of the new year. The index is up for the third month in a row, according to the latest consumer barometer of the German Retail Association (HDE). In particular, the recently more optimistic economic outlook appears to be contributing ...
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ArticleRobby Naish has sold his company
Netherlands-based Kubus Sports, a distribution platform founded in 1970 for high-end sporting goods brands covering various niche sports, has acquired Nalu Kai Incorporated, the Maui-based operating company of the Naish brand, and its subsidiary Pacific Board Sports, Naish’s U.S. distributor. Naish is the well-known Maui-based company of ...
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ArticleInternational will be vital to Crocs’ $4 billion FY23 revenue objective
Crocs, which has delivered 54 percent annualized shareholder return since 2017 by its own calculation, is forecasting revenue growth of 10 to 13 percent this fiscal year to a range of $3.9 to $4.0 billion with sales in markets outside the Americas increasing at the highest rate. Presenting at ...
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News briefsLululemon shares take hit after lowered margin outlook
Lululemon, in updating its fourth-quarter guidance ahead of the ICR Conference, lowered its gross margin outlook for a second consecutive quarter. The group forecasted a gross margin decline of 90 to 110 basis points in the period versus a prior outlook of a 10 to 20 basis point increase, and ...
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News briefsH&M enters the metaverse
Like Adidas and Nike before it, H&M is venturing into the metaverse through the Roblox platform. In the retailer’s case, however, the design partnership is with a metaverse studio called Dubit, with offices in Leeds, London, Washington D.C. and Nashville. The result is called H&M Loooptopia Experience, were users can ...
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News briefsZumiez Q4 results should meet or exceed forecast
Zumiez, the retail operator of 766 stores worldwide, including 78 Blue Tomato banners across Europe, expects its fourth-quarter sales will be slightly higher than its forecasted range of $258 to $268 million, with corresponding EPS to be at the “mid to high end” of its $0.36 to $0.51 forecasted per ...
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News briefsSprinter plans to open physical stores in France
According to a report by Sport-Guide, Sprinter is exploring options to open physical stores in France. The plan of the Spanish sporting goods retailer, scheduled to start this year, is set to involve primarily Paris/Ile de France and the south of France for stores with a surface of 900 to ...
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News briefsAmazon to close three UK warehouses, plans two new fulfillment centers
SkyNews reports that Amazon is looking to close three old warehouses in the U.K., which currently employ 1,200 people, and replace them with two new, large fulfillment centers. The sites in Hemel Hempstead, Doncaster and Gourock, in the west of Scotland, have been proposed for closure. The proposed new sites ...
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News briefsJack Ma to give up control of Ant Group
Ant Group founder, Chinese billionaire Jack Ma, who is also the founder and longtime head of Alibaba Group, will relinquish control of the Chinese fintech giant, according to Reuters. The move is intended to draw a line under the regulatory crackdown that began shortly after Ant’s IPO failed two years ...
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News briefsCeferin is set to be re-elected as UEFA president
Aleksander Ceferin, the current UEFA president, is set to be re-elected as he has emerged as the only candidate for the role, the organization has announced. Presidential elections at the European football governing body are scheduled to take place at its congress in April. Ceferin, 55, is standing for a ...
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News briefsVF with new appointment to Timberland executive team and more
Source: VF Corp Nina Flood VF Corporation has announced new appointments to its leadership team in the EMEA region, including for the Timberland brand, effective Jan. 31. Nina Flood — current president VF Global Packs (Eastpak, JanSport, and Kipling) — is to be the new general manager ...
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News briefsAlibaba plans logistics center at Istanbul airport
Chinese e-commerce giant Alibaba Group Holding Ltd will invest more than $1 billion in Turkey to build a logistics center at Istanbul Airport and a data center near the Turkish capital of Ankara, Michael Evans, president of Alibaba Group since 2015, told Sabah newspaper last Sunday. Alibaba is seeking to ...
