All Sporting Goods Intelligence articles in Volume 34, Issue 19+20 – Page 2
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News briefsOn and SportScheck launch 24-hour world record attempt
On May 24 and 25, Swiss brand On and German sports retailer SportScheck will jointly launch a world record attempt: The longest distance run in a relay on a treadmill in 24 hours. The “SportScheck Record Run 23” is an official world record attempt and will take place at the ...
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News briefsSpeedo's Swim United initiative to fight decline in children's ability to swim
Speedo’s Swim United with Active Black Country and swim stars Adam Peaty, Ellie Simmonds and Michael Gunning have started a new program in the U.K. to tackle the decline in children learning to swim. The program, launched on April 26, follows news that an estimated 2 million children in the ...
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News briefsMizuno and Volleyball World ink partnership extension
Japanese sporting goods brand Mizuno and Volleyball World have inked a two-year partnership extension through Dec. 31, 2024. Mizuno has been a part of Volleyball World’s portfolio of global partners since 2022. This new agreement is meant to further strengthen Mizuno’s ties with volleyball fans around the world. The agreement ...
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News briefsControlling shareholders seek larger stake in Alpargatas
MS Alpa Participacões Ltda., an entity owned by Cambuhy Alpa Holding Ltda., and Alpa Fundo de Investimento em Acões, who are part of Alpargatas’ controlling shareholders group, have offered to purchase an additional 32 million shares in the Brazilian footwear company on the open market for 10.50 Brazilian reais each ...
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News briefsVietnam’s textiles exports fell double digit in first four months of 2023
Vietnam’s textile and apparel exports fell 18.1 percent to $9.72 billion in the January-April 2023 period, according to preliminary data from the customs IT and statistics department of the Department of Customs under the country’s Ministry of Finance. Yarn exports during the first four months of 2023 dropped 32.9 percent ...
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ArticleDue to looming business closure, Bleed seeks community support
Source: Bleed Founder and CEO Michael Spitzbart would like to save his company. Bleed, a sustainable outdoor label from southern Germany, should be celebrating its 15th anniversary this year. However, in an open letter and video on the brand’s website and Social Media (German-language video below), founder ...
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News briefsFewer retail stores in the Netherlands in 2023
On Jan. 1, 2023, there were 82,100 physical stores in the Netherlands, according to the Dutch Retail Association of Sporting Goods Suppliers (FGHS). That’s 1,600 fewer stores than a year earlier. This is the steepest decline since the outbreak of the Covid 19 pandemic, according to preliminary figures from the ...
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News briefsYKK launches 3D configurator
YKK, the global fastening manufacturer, along with Vntana, a 3D Infrastructure Platform, has announced the launch of a 3D trim configurator to make it easier for brands to visualize trim options, design trims, and generate item codes instantly. The new platform, YKK Trim Creator, aims to bring standardization and efficiency ...
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ArticleFitness market rebounds after the pandemic years, says new report
EuropeActive and Deloitte have unveiled in a recent webinar the key findings of their “2023 European Health & Fitness Market Report”, which reveals a strong rebound of the sector after two difficult years due to the pandemic. According to the report covering the calendar year 2022, European memberships increased by ...
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ArticleJD Sports eyes 3.9% profit increase before tax and adjusted items in FY24
Britain’s JD Sports, coming out of a financial year where Ebit declined by 33 percent to £440.9 million (€507.6m) from £654.7 million due to exits from branded fashion businesses and the cost of shuttering its South Korea operations at a total expense of £550.5 million, is aiming to hit the ...
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Short stops
Short Stops Week 21, 2023
TRADE & SOURCING +++ U.S. sportswear brand Gant has partnered with Anaplan and Bedford Consulting to improve its supply chain and operations planning, including demand planning, supply planning and S&OP +++ FINANCIAL REPORTING +++ Klarna reported a 21% increase in revenue in its first quarter, from SEK 3,551 ...
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News briefsAdidas begins selling Yeezy stock, plans to donate proceeds
Adidas announced on May 19 that it will begin selling some Adidas Yeezy products from its inventory. An initial sale is expected to take place at the end of May 2023. Several existing designs will be available exclusively through adidas.com/yeezy and the Adidas Confirmed app. As previously reported, the company ...
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News briefsNike partners with Strava
Nike is partnering with Strava, the subscription platform for connected fitness, in a pilot program to extend fitness services to more people. Starting in June, the users of the Nike Run Club and Nike Training Club apps will be able to seamlessly upload their activity into Strava to share with ...
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ArticleFarfetch reports Q1 loss, but GMV grows in key markets
Farfetch Limited, the Internet platform for luxury goods whose year-over-year SKU base grew to a record 17 million units from over 1,400 sellers in Q1, lost $174.3 million against a profit of $728.8 million in the period ended March 31. Revenues increased by 8.1 percent to $556.4 million from $514.8 ...
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News briefsNike allegedly misclassified independent contractors in several countries
According to The Guardian and documents obtained by the newspaper, Nike could face a fine of more than $530 million for misclassifying independent contractors. The Guardian reported Friday that the documents reveal the misclassification, which could expose the footwear maker to a fine or even a lawsuit. The sporting goods ...
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News briefsFoot Locker gets a new CFO
The former EVP of Finance & Treasurer at U.S. retail company Kohl’s, Michael Baughn, will be the new chief financial officer at Foot Locker. The sneaker retailer made the announcement Friday in a filing with the Securities and Exchange Commission. He will take over the post on June 12. Current ...
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ArticleFoot Locker lowers full-year outlook on “challenging backdrop”
Foot Locker, after reporting a 73 percent drop in Q1 operating income to $61 million and an 11.4 percent decline in total sales to $1,927 million for the period ended April 29, dialed back its FY23 outlook for revenues, comp sales and gross margin for the 12 months. The news ...
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News briefsKMD Brands sees sales growth across brands in Q3
New Zealand-based company KMD Brands offered a trading update on its three brands for the period ended April 23, saying Rip Curl, Kathmandu, and Oboz each generated sales growth. With the group reporting Q3 consolidated, year-over-year sales growth of 15.6 percent, Oboz had the period’s largest sales increase at 120.3 ...
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ArticleSurf icon Kelly Slater launches sustainable footwear brand
Eleven-time world champion surfer Kelly Slater has launched a new sustainable footwear brand, KLLY. Slater says KLLY Footwear fills a niche in the footwear industry by withstanding the rigors of daily wear and outdoor adventures while helping to reduce the fashion industry’s environmental impact. The first product in the KLLY ...
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ArticleDecathlon sells some stores but reportedly stays in Russia
The Russian Ministry of Industry and Trade announced that the French sporting goods retailer Decathlon had not notified the Russian authorities of its plans to leave the country altogether. A few days earlier, the Russian newspaper Izvestia reported that Decathlon had agreed on the terms of the deal to sell ...
