All Sporting Goods Intelligence articles in Volume 34, Issue 15+16
View all stories from this issue.
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ArticleNew Wave posts double-digit sales gains in all sports & leisure regions
New Wave Group, which boasts 13 brands in its sports & leisure unit, reported a 35 percent increase in Q1 operating profit to 128.0 million Swedish kronor (€11.4m) for the period ended March 31. Segment sales increased by 23 percent to SEK 917.4 million (€81.9m) from SEK 746.6 million. Regionally, ...
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 15+16
Analysis: Sporting Goods Scorecard Q4 2022 – The top performers by sales and profit | Puma maintains FY23 outlook despite margin, profitability pressures | XXL sees 6% sales boost in Q1 as market share rises but margins squeezed | New Wave posts double-digit sales gains in all sports & leisure regions | Gymshark FY results impacted by discounting, restructuring costs | Wintersteiger Group grows 33% in 2022 | Footway sees sales drop in Q1, but grows internationally | Canada Goose with five new executives to drive strategic growth plan | Vuori adds four new executives | Adidas wants to win back China with “patriotic products” | Authentic Brands announces next acquisition | Net zero deadline shifted in Crocs’ 2022 Comfort Report | Adidas announces 96% of polyester used is now recycled | Sportmaster prepares for debut on Uzbek market | DyStar shuts down German plant | SafeSize appoints former IIC executive as CCO | New Sport 2000 brand replaces all previous exclusive labels
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News briefsPádel high over Manhattan’s 57th Street
Emerging from a field of more than 20 firms, Padelgest has won the contract to build a pádel court inside the so-called Steinway Tower, according to CMDsport. This building, the world’s slenderest skyscraper by the ratio of its base to its height (1:23), forms part of a complex called 111 ...
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ArticleXXL sees 6% sales boost in Q1 as market share rises but margins squeezed
XXL ASA generated revenues of 1,984 million Norwegian kroner (€168.8m) from continuing operations in the first quarter of 2023, up by 6.4 percent compared to the year earlier, as heavy discounts allowed the company to post sales growth and gain market share but squeezed profit margins. Like-for-like sales growth stood ...
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News briefsSympatex offering "No to PFAS" webinar on action and alternatives
Sympatex has announced its latest webinar, “No to PFAS,” to be held on May 4, 2023, at 10:30–12:00 CEST. Katy Stevens (EOG), Lisa Skedung (RISE) and Jonatan Kleimark (ChemSec) will give an overview of specific PFAS restriction consequences in the textile industry, current PFAS alternatives, the concrete procedure of ECHA’s ...
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ArticleCanada Goose with five new executives to drive strategic growth plan
Canada Goose announced five new appointments to its leadership team, all effective immediately, aligned to its recently unveiled five-year strategic growth plan. The Canadian company appointed Matt Blonder as the brand’s first-ever chief digital officer; Juliette Streichenberger as president of CGAG and Europe, the Middle East and Africa (EMEA); Ana ...
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News briefsBritish MPs write to Frasers Group against use of facial recognition cameras
A cross-party collection of nearly 50 Members of Parliament and peers have written to Frasers Group, the owner of Sports Direct, condemning the use of “live facial recognition” cameras in the group’s stores, The Guardian has reported. The parliamentarians have described the technology as “invasive and discriminatory,” urging the group ...
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News briefsIronman and L’Equipe Group form new partnership in France
Ironman and L’Equipe Group have announced a new broadcast partnership that will see L’Equipe provide live coverage in France for 12 Ironman races in 2023. These will include both the men’s and women’s editions of the VinFast Ironman World Championship triathlon in Nice, France – the first time since the ...
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ArticleNet zero deadline shifted in Crocs’ 2022 Comfort Report
Crocs has published its latest ESG report, the 2022 Comfort Report, to highlight its progress in becoming a more sustainable and equitable company. Most noticeably, the document contains a key revision to Crocs’ targets. Crocs originally announced in 2021 that it planned to become net zero by 2030. However, this ...
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News briefsWorld Rugby puts women’s rugby at the heart of its growth plans
World Rugby, the global governing body for the sport of rugby union, has announced details of Accelerate, a new framework for the development of women’s rugby. Accelerate will see the international federation form bespoke partnerships with national unions, governments and brands to raise standards on and off the field. The ...
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News briefsNew Balance teams up with gaming platform Rival
New Balance is joining forces with gaming platform Rival to give the gaming community special access to the brand through athletes, ambassadors, exclusive products and unique experiences. This spring, New Balance will launch its presence on Rival through a Rocket League tournament. Gamers and fans of the brand will compete ...
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News briefsAW LAB launches new store concept in Italy
Sneakers and lifestyle retail chain AW LAB has introduced a new retail concept in its Italian stores in Rimini, Viareggio, Rome, Verona and Carini. The new store concept, developed in partnership with London-based agency TRC, is meant to provide a contemporary feel and enhance the shopping experience. The retail concept ...
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News briefsJD Sports appoints two non-executive directors
Following last week’s appointment of Michael Armstrong as the company’s first global managing director to further drive the group’s growth and achieve its goal of becoming the “leading global sports-fashion powerhouse,” JD Sports has appointed Angela Luger and Darren Shapland to the board as non-executive directors. Luger will join the ...
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News briefsNike boosts digital transformation with IT service provider Cognizant
U.S.-based IT service provider Cognizant Technology Solutions has entered into a new agreement with Nike to transform and support the sporting goods brand’s technology operations. Building on the two companies’ 14-year relationship, this new agreement will consolidate several of Nike’s existing IT support functions, with Cognizant supporting Nike across more ...
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ArticlePuma maintains FY23 outlook despite margin, profitability pressures
Strong growth in Greater China and the direct-to-consumer channel were key contributors to Puma’s 14.4 percent revenue growth to €2,187.7 million from €1,912.2 million in Q1, but the group suffered a 70-basis point drop in gross margin to 46.5 percent on impacts from the higher promotional activity and sourcing and ...
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News briefsNike Re-Creation program expands to Europe
Following on from a launch in Los Angeles in May 2022, the Nike Re-Creation program is being extended to London in April and Paris later this summer. The program collects local vintage and dead stock pieces and materials and uses them to create new, locally-designed and manufactured products per circular ...
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ArticleAdidas wants to win back China with "patriotic products"
A few years ago, China was a promising market for Adidas because the country’s middle class was growing and the margins for Adidas were particularly strong. The brand with the three stripes was one of the most popular Western brands in China. As early as 2008, Adidas opened its (then) ...
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News briefsNike develops new shoe based on observations from its Run Club app
Nike has announced the release of a new shoe made for walking, jogging and running, which was developed with insights from workouts logged on the Nike Run Club app. Source: Nike The Nike Motiva The new Motiva is the result of observations by the Nike team that ...
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News briefsSports brand chosen for Vision 2045 documentary series
In 2045, the UN will celebrate its 100-year anniversary. To mark this and to show support for the UN and its objectives, TBD Media Group has brought together businesses from around the world and across industries to showcase the actions being taken today that set the standard for better practices ...
