All Sporting Goods Intelligence articles in Volume 34, Issue 15+16 – Page 2
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News briefsWebinar on France’s EPR requirements
France’s Triman logo To mark last year’s new extended producer responsibility (EPR) laws in France, particularly the labeling legislation and the use of the “Triman” logo, we bought you an overview from our legal expert Rutger Oldenhuis. Now Irish-headquartered company Compliance and Risks – makers of an ...
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ArticleAuthentic Brands announces next acquisition
In another acquisition move, Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform that owns more than 40 lifestyle, entertainment and media brands, including Reebok, Eddie Bauer, and Spyder, announced on April 24 that it has entered into a definitive agreement with Vince Holding Corp. (VNCE) to ...
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ArticleDyStar shuts down German plant
Singapore-based specialty chemicals company DyStar has announced plans to “restructure” its plant in Ludwigshafen, Germany, in response to changing business conditions and market changes. The plant, inherited from the company’s founders, who started indigo research and production more than 125 years ago, has been an integral part of DyStar’s global ...
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News briefsMares introduces new sales director
Source: Mares Dominik Holzer Dominik Holzer is the new sales director Europe for Mares S.p.A. Rapallo. He is responsible for expanding the traditional snorkeling label Aquazone and the newly positioned swimming brand Zoggs Swim in the European direct markets of the Head subsidiary, which specializes in water ...
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News briefsZalando opens virtual fitting rooms as pilot for millions of customers
Zalando has opened its virtual fitting room to millions of customers across its 25 markets for the first time. The pilot is part of Zalando’s Size & Fit initiatives. Customers can create a 3D avatar by entering their height, weight and gender. For a selected range of jeans (22 items ...
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ArticleGymshark FY results impacted by discounting, restructuring costs
U.K.-based sportswear company Gymshark realized a 38 percent decline in annual profit to £22,529,000 (€25.5m) versus £36,497,000 for the FY ended July 31, 2022. Ebit slid by 39 percent to £27,837,000 (€31.5m), and annual operating profit was down by 37 percent to £29,561,000. The company generated lower profitability despite ...
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Short stops
Short Stops Week 17, 2023
RETAIL & DISTRIBUTION +++ U.K.-based footwear brand FitFlop has opened its first U.S. stand-alone retail store on Mercer Street in the heart of New York’s SoHo district +++ Puma has opened its largest flagship store in Thailand at CentralWorld in Bangkok, the brand’s seventh physical store in the country +++ ...
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News briefsGoldwin launches free repair service
Source: Goldwin Japanese apparel brand Goldwin is launching its own repair service to extend the life of its products further, underscoring its commitment to sustainability. The new offer is free of charge, and the request for repair can be submitted either online or in Goldwin stores, e.g., ...
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News briefsLululemon promotes two employees to EVPs
Lululemon has promoted two members of its senior leadership team to executive vice presidents within the company. Susan Gelinas is the new chief people & culture officer, and Shannon Higginson now serves as chief legal and compliance officer. Gelinas joined the company in 2011 and has steadily expanded her responsibilities ...
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News briefsReorganization of the Sport 2000 advisory board
In line with the dealer structure of the German retail group, Sport 2000 has reorganized its advisory board. The committee now includes a considerably larger number of representatives from specialist retail. The main task of the advisory board is to advise and work jointly with Sport 2000 management on the ...
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News briefsLululemon introduces shirts made from plant-based nylon
Lululemon has announced the launch of plant-based nylon products made in partnership with San Diego-based sustainable materials company Geno. Two short-sleeve shirts are the first in a series and part of the activewear company’s commitment to making its business fully sustainable by 2030. Geno and Lululemon used biotechnology and fermentation ...
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News briefsArchroma CEO to step down
Chemical technology expert Archroma has announced its transition plan for the role of chief executive officer. Heike van de Kerkhof, CEO since January 2020, will step down effective April 30, 2023, to pursue other professional opportunities. Mark Garrett, an experienced executive in the industry, will assume the role of interim ...
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Infographics & DataCanada Goose’s DTC growth plan
Canada Goose’s 5-year goals announced in February aim to increase DTC penetration. We look at a breakdown of the luxury brand’s own figures.
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Article10 years since the Rana Plaza tragedy: Has anything changed?
The apparel industry in Bangladesh employs 4 million garment workers. 10 years on from the Rana Plaza disaster, have conditions improved?
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ArticleAdidas announces 96% of polyester used is now recycled
One day before Earth Day 2023, Adidas published a press release announcing a new “Personal Best” milestone in the brand’s journey towards replacing virgin polyester: 96 percent of all polyester used in Adidas products is now recycled polyester. The company said that the achievement of the ambition that Adidas first ...
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News briefsWilson launches the eco-friendly “Gen Green” ball collection
Source: Wilson Wilson Sporting Goods, part of Amer Sports, is introducing the Gen Green collection to celebrate a new generation of the game and their commitment to planet Earth. The Gen Green range comprises basketballs, footballs, volleyballs and soccer balls made from more sustainable materials. The collection ...
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News briefsZalando to test fashion assistant powered by ChatGPT
European online fashion and lifestyle platform Zalando has announced that it will soon launch a beta version of a fashion assistant powered by ChatGPT across its web and app platforms. The OpenAI technology will allow customers to ask questions using their own words, helping them navigate Zalando’s assortment more intuitively. ...
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News briefsSporting goods sales in the U.S. grew 4.3% last year
U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products grew by 4.3 percent in 2022, totaling over $116 billion. This represents the second-largest percentage growth since 2010, although it also marks a pullback from the record performance of 15.8 percent in 2021. These figures were ...
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News briefsHoka launches kids’ footwear
Source: Hoka Hoka Youth Collection Hoka, a division of Deckers Brands, has launched its first-ever footwear collection for children. Designed specifically for young athletes, the “Youth” collection features kid-friendly features, an optimal fit and Hoka’s signature technologies found in its adult products. “You’ll find 100 percent Hoka ...
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News briefsAllbirds expands and extends its credit line
Allbirds reported in a regulatory filing that it has entered into an amendment credit agreement with its lender, JPMorgan Chase, that increases the committed amount from $40 million to $50 million. In addition, the amended terms include an increase in the uncommitted additional borrowing capacity from $35 million to $50 ...
