All Sporting Goods Intelligence articles in Volume 34, Issue 19+20
View all stories from this issue.
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ArticlePuma’s 2022 sustainability report: 7 out of 10 products made from “better materials”
Puma’s Forever Better strategy strives for progress across the value chain. We look at the main points of Puma’s 2022 Sustainability Report
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News briefsTopsports sticks to gameplay despite volatile years
The Chinese sportswear retailer offering a portfolio of athletic brands, dominated by Nike and Adidas, suffered a 25 percent drop in net income attributable to shareholders to 1,836.6-million-yuan renminbi (€258.8m) for the 12 months ended Feb. 28. Gross margin slipped by 170 basis points to 41.7 percent from 43.3 percent ...
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ArticleEU sets out its position on destruction of unsold textiles
The latest news from Brussels will affect brands deal with “waste” stock. We outline the EU’s new stance on destroying unsold textiles
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 19+20
On Holding raises FY23 outlook; UK, Germany drive EMEA in Q1 | Wolverine explores options for Sperry as Q1 beats forecasts but conditions tighten | Fila Holdings’ Q1 sales, profits dominated by Acushnet | EMEA, Asia-Pacific fuel Q4 sales growth for Canada Goose | Peloton starts “next chapter” with brand and app relaunch | VF Corp. has a “realistic” turnaround strategy in place | Foot Locker lowers full-year outlook on “challenging backdrop” | JD Sports eyes 3.9% profit increase before tax and adjusted items in FY24 | Descente forecasts 9 percent FY23 operating income growth | Golf segment helps drive Mizuno to record FY22 sales | Surf icon Kelly Slater launches sustainable footwear brand | GoPro sees opportunity from new go-to-market effort | Cost-cutting helps Nautilus reduce Q4 operating loss | Technogym posts double-digit sales increase in Q1, driven by B2B | Aqualung expects double-digit growth in 2023, pursues “Horizon 2027” strategy | Strong regional demand fuels Yonex’s FY23 results | Björn Borg increases sales and profit in Q1 | Fitness market rebounds after the pandemic years, says new report | Due to looming business closure, Bleed seeks community support
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News briefsBurton launches capsule with Design Your Pride contest winner
Source: Burton Burton has announced the Burton x Happy Impulse Capsule collection designed by Roberta Hall, aka “Happy Impulse;” winner of the brand’s 2022 Design Your Pride contest. Burton’s initiative called for LGBTQ+ artists from around the world to submit a body of work (in any medium) ...
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News briefsMunich sees sales jump 40%
Spanish sneaker brand Munich has registered a 40 percent sales increase for 2022, La Vanguardia has reported. Revenues for the full year 2022 reached €74.3 million, primarily driven by padel (+52 percent), domestic sales (+35 percent) and strong international sales. Munich was founded in 1939 by Luís Berneda in Sant ...
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News briefsSpanish eco-friendly fashion company launches sports brand
Ecoalf, a Spanish eco-friendly fashion company, is entering the sportswear market with Ecoalf Sports, its new brand of sustainable sportswear for running, cycling, surfing, yoga and pilates. Like its other collections, the new Ecoalf sportswear uses natural and recycled fibers. Founded in 2009 by Javier Goyeneche, Ecoalf posted revenues of ...
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News briefsAdidas and Prada launch first joint football boot collection
Adidas and Prada have unveiled their first joint collection of football boots. The Adidas Football for Prada collection for men and women combines Prada’s sophisticated codes and materials with Adidas’ performance football technologies. The collection reimagines three Adidas products – the Predator Accuracy, Copa Pure and X Crazyfast. The boots ...
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News briefsHummel launches re.hummel recycling program
Danish sportswear brand Hummel has launched a new recycling program to help customers handle their old sportswear while promoting a circular economy. Named re.hummel, the program is part of the brand’s new loyalty program. Customers can return used Hummel items in exchange for loyalty points, regardless of the item’s condition ...
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News briefsRiminiWellness expects 100,000 visitors
RiminiWellness, the international event for the wellness community in the Italian seaside town of Rimini, is targeting 100,000 visitors this year to match the pre-pandemic figure in 2019. Organized by the Italian Exhibition Group, the show claims to be “the world’s biggest gathering devoted to fitness, well-being, business, sport, physical ...
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News briefsAdidas launches Move For The Planet initiative in June
Source: Adidas Adidas has introduced Move For The Planet, a new global initiative to encourage people to turn their activities into actions. The company is committed to donating €1 to Common Goal for every 10 minutes of activity recorded on the Adidas Running App across 34 sports ...
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ArticleCost-cutting helps Nautilus reduce Q4 operating loss
Aiming to strengthen its financial footing and return to profitable growth in FY24, Nautilus lowered its Q4 operating loss by 20 percent to a loss of $17.5 million versus a loss of $21.9 million through numerous cost-cutting measures in recent months. These actions included reducing its workforce by 15 percent ...
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ArticlePeloton starts "next chapter" with brand and app relaunch
After teasing details in its Q3 financial release, on May 23, Peloton initiated a complete relaunch of its brand in all of its five global markets. Peloton calls this the “next chapter,” in which the company moves away from the perception of an at-home trainer “to reflect everything Peloton has ...
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ArticleH&M CEO named new co-chair of The Fashion Pact
H&M Group’s CEO Helena Helmersson has been appointed co-chair of The Fashion Pact, succeeding the global CEO-led industry initiative’s co-founder, Kering Chairman and CEO François-Henri Pinault. Pinault had launched The Fashion Pact at the 2019 G7 Summit upon the invitation of French President Emmanuel Macron. The Fashion Pact represents one-third ...
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News briefsMeta receives record fine and must stop exporting Facebook’s EU user data
Meta (formerly Facebook) has been hit with a formal suspension order requiring it to stop exporting user data from the European Union to the U.S. for processing. The European Data Protection Board (EDPB) announced on May 22 that Meta Platforms Ireland Limited has been fined €1.2 billion by the Irish ...
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News briefsSão Paulo FC goes virtual
The latest sports team to expand into a metaverse is São Paulo FC. According to the metaverse’s custodians, Crypto Blockchain Industries (CBI), the “audiovisual content” will cover the professional men’s team, the women’s team, youth teams and club news. Fans will be able to talk to one another and gain ...
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News briefsAnta Sports receives several awards in Asia
Anta Sports Products Ltd, the parent company of Anta, Fila, Descente, Kolon Sport and the Amer Sports group, announced that it has received several prestigious awards in the areas of corporate governance, investor relations and sustainability. Most notably, Anta Sports was named “Best Managed Companies in Hong Kong - Consumer ...
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News briefsWilson breaks ground on new ball factory in Ohio
Wilson has broken ground on an expansion of its Ada, Ohio, plant, which is scheduled to open next summer and will measure nearly 7,500 sqm, more than double the size of the current facility. At present, the factory produces between 500,000 and 600,000 handmade NFL footballs annually. The goal for ...
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ArticleVF Corp. has a “realistic” turnaround strategy in place
VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...
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News briefsWolverine looking for new Saucony brand president
Anne Cavassa, who joined Saucony as the brand’s first woman president in May 2018 after more than 20 years working for the likes of Brooks Running, Timberland, Nike, and Reebok Intl., recently left Wolverine Worldwide (WWW). Senior company executives disclosed her departure during last week’s earnings conference call. Chris Hufnagel, ...
