All Sporting Goods Intelligence articles in Volume 34, Issue 19+20 – Page 3
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News briefsLululemon establishes partnership with enviro-tech startup Samsara Eco
Australian environmental technology startup Samsara Eco has announced a partnership with Canadian sportswear brand Lululemon. The multi-year collaboration will see Samsara Eco produce the world’s first infinitely recycled nylon 6.6 and polyester, while Lululemon aims to expand its circular economy. Together, the two companies will produce new recycled nylon and ...
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News briefsSave the Duck launches first women’s swimwear
Save the Duck, the Italian brand best known for its animal-free outerwear, is introducing its first women’s swimwear products as part of its spring 2024 collection. Swimwear for men has already been part of the brand’s offering. The new collection for women, crafted from recycled nylon and polyester, comprises a ...
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News briefsSun & Sand Sports opens first Singapore store
Sun & Sand Sports, a major sports retailer in the Middle East headquartered in Dubai, has opened a store in Singapore, its first in the city-state and island country. It is also the first store of the retailer in South-East Asia. Located at the Raffles City shopping mall, the new ...
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News briefseBay acquires Italian tech firm Certilogo
eBay has announced the signing of a definitive agreement to acquire Certilogo, an Italy-based provider of digital IDs and authentication for apparel and fashion products. Financial details of the transaction were not disclosed. The transaction is expected to close in the third quarter, subject to regulatory approval. The acquisition is ...
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ArticleBjörn Borg increases sales and profit in Q1
Björn Borg AB, listed on Nasdaq Stockholm since 2007, has started the new fiscal year with good sales and very good development in operating profit. “The fact that we increased our operating profit in the quarter to SEK 31.4 million [€2.76m], despite the continued weak krona and a troubled world, ...
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ArticleAlibaba misses revenue forecast
China’s Alibaba Group reported that its revenue had missed the forecasts for its Q4. The company is struggling to attract new users as the Chinese e-commerce market matures and new competitors chip away at market share. Alibaba posted revenue of 208.2 billion yuan renminbi (€27.5bn) in the three months ended ...
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News briefsGoldwin swings to strong FY profit
Goldwin’s operating profit surged by 33 percent to ¥21,904 million (€159.9m) from ¥16,501 million for the 12 months ended March 31. Annual net profit increased by 46 percent to ¥20,977 million (€153.1m) from ¥14,350 million as 12-month revenues rose by 17 percent to ¥115,052 million (€839.9 m) from ¥98,235 million. ...
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News briefsSouth Korea, North America pace Dunlop’s Q1 sales growth
Japan’s Sumitomo Rubber Industries sports segment generated a 37.2 percent year-over-year increase in Q1 net income to ¥5,459 million (€39.9m) from ¥3,980 million. Quarterly sales in the Dunlop Sports unit, bolstered by higher year-over-year golf sales in North America and South Korea and strong tennis sales in Europe, rose by ...
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ArticleStrong regional demand fuels Yonex’s FY23 results
Yonex reported double-digit gains in operating profit and total sales for the 12 months ended March 31. The Japanese group’s FY23 operating profit rose by 49 percent to ¥10,063 million (€70.4m), and net profit increased by 27 percent to ¥7,331 million (€51.3m). Annual revenues grew nearly 44 percent to ¥107,019 ...
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ArticleLatest deal in Finnish ski industry could be a game changer
Two ski factories in Finland have landed a deal of over €10m. We bring you the details and what this means for the industry and consumers.
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News briefsPou Chen plans to lay off more workers in Vietnam
Taiwan-based Pou Chen, parent company of Yue Yuen and supplier to major Western sporting goods firms such as Nike, Adidas and Reebok, announced further layoffs of more than 5,700 workers at Pouyuen Vietnam Co. in Ho Chi Minh City between June 24 and July 8, according to state media reports. ...
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ArticleWahoo founder buys fitness company back from banks
Facing a liquidity shortage and the possibility of default, the U.S. training equipment manufacturer Wahoo Fitness has fully recapitalized its company and eliminated all debt under the leadership of company founder Chip Hawkins and “equal” investors, new and existing (Rhône Group, David Wichmann of Jory Capital & Human Powered Health, ...
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ArticleEMEA, Asia-Pacific fuel Q4 sales growth for Canada Goose
Higher direct-to-consumer revenues coupled with the absence of pandemic-related restrictions helped Canada Goose achieve double-digit revenue growth in the EMEA and Asia-Pacific regions in Q4 ended April 2. Period operating income was C$17.2 million (€11.9m) versus C$0.9 million, but the group reported a net loss of C$10.0 million (€6.9m) against ...
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News briefsPuma introduces chess-inspired sneaker with Magnus Carlsen
Source: Puma Magnus Carlsen and the Clyde Chess Puma and brand ambassador Magnus Carlsen have teamed up on a sneaker as a tribute to the game of chess. Carlsen is a Norwegian chess grandmaster and former five-time World Chess Champion. As previously reported, Puma signed a long-term ...
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ArticleIntersport unveils full details of its “Grow Together Faster” strategy
Setting itself a series of ambitious goals and objectives, Intersport is aiming to be the preferred choice for all consumers. We explain how
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News briefsModibodi and Puma collaboration to tackle a common anxiety continues
Source: Puma Puma x Modibodi Following on from the collaboration launch in March 2022, Puma and the Australian leak-proof apparel specialist Modibodi are launching the third drop of their active period underwear range. The collaboration range aims to tackle the anxiety surrounding leaks that stop many people ...
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News briefsHigg Inc. is now Worldly
Higg Inc., an integrated software platform that helps businesses take responsibility for the impact of their supply chain, has rebranded as Worldly. More than 40,000 brands, retailers, suppliers and manufacturers around the world in fashion, outdoor, home goods, toys and other sectors currently rely on this platform, designed to offer ...
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News briefsSelfridges wraps resale/repair services in stock market disguise
Source: Selfridges Circular services at The Stock Market at the Corner Store British luxury department store chain Selfridges, owned by Central Group and Signa Holding since August 2022, has opened “The Stock Market at the Corner Shop” at its flagship on London’s Oxford Street, a month-long experience ...
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News briefsAdidas revives Manchester United 1988-90 seasons with Originals collection
Source: Adidas Celebrating the venerated terrace wear of the late 80s and early 90s, Adidas and Manchester United have unveiled the Man Utd x Originals collection, which revisits popular pieces from the Adidas archive and integrates them into today’s soccer culture. Evoking a sense of nostalgia, the ...
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News briefsKanye West files trademark for “YZY sock shoes”
Kanye West has filed an application for “YZY sock shoes” via its holding company, Mascott Holdings, TMZ has first reported. Mascotte Holdings, Inc. was formed in June 2004 by West and agent Andre Bodiford. The new trademark application, filed on May 4 to the United States Patent and Trademark ...
