All Sporting Goods Intelligence articles in Volume 34, Issue 17+18 – Page 2
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News briefsNew Oxford Street store for Under Armour
Under Armour is to open a new store on London’s Oxford Street this summer, according to Drapers. The new location comes after the opening of three new stores in England: Two London-based Brand House stores at Westfield Stratford City and Battersea Power Station, as well as a flagship store in ...
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News briefsIntersport restructures category and supplier management teams
As part of its growth strategy, Intersport has announced restructured Category Management and International Supplier Management and Strategic Purchasing teams, including a new hire. Tim Bielohoubeck is to be the new Head of International Supplier Management and Strategic Purchasing. Darius Zamani-Achtiani will join Intersport to head up the Category Management ...
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News briefsGildan Activewear’s sales are down 9% in Q1 but in line with expectations
Montreal-based apparel maker Gildan Activewear has announced net sales of $703 million for the first quarter ended April 2, 2023, representing a 9 percent decrease year-over-year. The company said that the sales drop reflected anticipated headwinds connected with the current demand environment and strong comparative periods in the first half ...
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Short stops
Short Stops Week 19, 2023
EXECUTIVE CHANGES +++ Betterguards has appointed Tony Verutti as the company’s new chief executive +++ Daniela Riccardi has resigned from Kering’s board of directors, although she is reportedly expected to still sit on Kering’s Sustainable Development committee +++ RETAIL & DISTRIBUTION +++ Spanish retailer Futbol Emotion has, according ...
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Infographics & DataSports participation rates in the EU by gender
Around 44 percent of the EU population do physical activity at least once a week. We take a closer look at the figures for each country.
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News briefsDawn of the blockchain sports prize
The winners of the Internazionali BNL d’Italia tennis tournament, scheduled for May 8-21, will be taking home “phygital” (physical + digital) trophies. Each trophy will, in other words, have an embedded NFC chip linked to an NFT, which will serve to inscribe the victory on the blockchain. This will, in ...
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Case StudyHow fostering a community brought success for Alpkit
Alpkit is reaping rewards from its event-based community. We look at how building a community can help generate and retain customers.
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ArticleAcushnet Holdings posts solid results in seasonally strong quarter
Acushnet Holdings, the parent of the Titleist, FootJoy, and KJUS brands, produced a 15.2 percent increase in Q1 net income to $93.3 million versus $81.0 million in the year-ago period ended March 31. Total revenues, benefitting from new product introductions for another golf season and enhanced supply chain and customization ...
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News briefseBay Ventures invests in U.S. marketplace for new and used sporting goods
SidelineSwap, a U.S. online marketplace for new and used sporting goods, today announced a strategic investment from eBay Ventures, the corporate venture arm of eBay Inc. Founded in 2015, SidelineSwap enables the resale of sporting goods through both its peer-to-peer online marketplace and its trade-in partnerships with retailers and brands. ...
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ArticleMoncler Q1 revenues driven by DTC; new CEO for Stone Island
The DTC channel paced Q1 sales growth for the Moncler Group, rising by 34 percent on a constant-currency basis to €501.5 million for the Moncler brand and 40 percent to €39.1 million for the Stone Island business, which will have a new CEO in Robert Triefus on June 1. ...
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News briefsDecathlon Italy celebrates its 30th anniversary
Founded in France in 1976, Decathlon is present today in more than 70 countries with 105,000 employees, and has been present on the Italian market since 1993. The company has 145 stores, four warehouses, two production sites and a staff of over 8,000 people in Italy alone. In addition, the ...
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News briefseBay’s latest appointment reflects its hope for potential in global emerging markets
eBay has announced the appointment of Vidmay Naini as General Manager for its Global Emerging Markets region, which includes Southeast Asia, India, Eastern Europe, Israel, Middle East, Africa, and Latin America; markets that eBay believes have a high potential for e-commerce export growth. The move is part of the global ...
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News briefsFormer Superdry COO Silvana Bonello to join Oceansapart as CEO
Silvana Bonello, former chief operating officer at Superdry, is set to become the chief executive officer and joint managing director of Berlin-based activewear brand Oceansapart. She will succeed Henry Brodski, Oceansapart’s chief financial officer and managing director, who has been serving as interim CEO since leadership responsibility was handed over ...
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News briefsBasicNet’s Q1 direct sales lifted by K-Way France acquisition
BasicNet’s Ebit was flat at €10.8 million in Q1 as Ebitda improved by 5.5 percent to €14.8 million for the period that ended March 31. Consolidated revenues grew by 27.7 percent to €108.0 million, including 36 percent direct sales growth to €91.4 million, aided by the group’s April 2022 acquisition ...
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News briefsPuma signs contract with Formula 1
Puma will be the official supplier of Formula 1 (F1), giving it the right to produce apparel, footwear and accessories bearing the F1 logo. The German sports brand will also equip F1 personnel at the race tracks and produce Formula 1 fan apparel. The contract signed between Puma and Formula ...
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ArticleAdidas begins "bumpy year" with flat revenues, big operating income decline
After working aggressively and diligently in his first 90 days on the job to simplify and accelerate processes at Adidas, CEO Bjorn Gulden is straightforward when offering a brand assessment for the company in both the short and long term. “Adidas has all the ingredients to be the best ...
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ArticlePeloton makes more strides, prepares app and brand relaunch
Further positive developments at Peloton Interactive, including a 64 percent reduction in the Q3 net loss and a 5 percent gain in connected fitness subscriptions, are dimmed by a $75 million settlement and patent license agreement with DISH Technologies that will negatively impact Q4 cash flow. The connected fitness ...
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ArticleBrooks Running with 20% sales growth in Q1
After a record 2022, Brooks Running carried the momentum into the first quarter of 2023, reporting 20 percent year-over-year sales growth globally, including a record 32-percent increase in the Europe, Middle East and Africa (EMEA) region. In the first quarter, Brooks saw strong brand demand across all retail channels as ...
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News briefsBlue Tomato enters Italian market
Source: Mattia Caravello (OUTBND SRL) Tiziano Taglianozzi, Shop Manager at the new Trento store Boardsports and lifestyle specialist Blue Tomato, part of U.S. company Zumiez since 2012, has opened its first store in Italy. The omnichannel chain opened a 250-sqm store last week on Via Paolo Oss-Mazzurana ...
