All Sporting Goods Intelligence articles in Volume 34, Issue 19+20 – Page 5
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News briefsRevo opens flagship store in Barcelona
Californian sunglasses company Revo, founded in 1985, has opened its first flagship store in Barcelona, Spain. The store is located in Baixada de la Llibreteria in the Gothic Quarter, one of the city’s most charming and lively neighborhoods. The newly opened store will feature the company’s full line of eyewear ...
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News briefsL.A. football club and Klarna release capsule
Angel City Football Club (ACFC) and one of its founding partners, the payment and shopping platform Klarna, have launched a small collection for women’s sports called Un Nuevo Amanecer (A New Dawn). The windbreaker, bucket hat and fanny pack were designed by Suay Sew Shop of Los Angeles and are ...
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ArticleGoogle tests product search optimization with generative AI
In a test, Google is using next-generation artificial intelligence (AI) to help consumers find products online. The pilot is currently underway in Search Labs, Google’s program where consumers can sign up to test new products and ideas the company is working on. Participants can try out some early-stage experiments and ...
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News briefsAllbirds co-CEO to take non-executive role
According to Securities and Exchange Commission filing (SEC) submitted by the footwear brand this week, Allbirds co-founder and co-CEO Tim Brown is set to transition out of the role of co-CEO. Brown will now hold the non-executive role of co-founder and chief innovation officer. Joey Zwillinger (current co-CEO) is to ...
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News briefsAdidas' new concept for Canadian outlet stores
Adidas has developed a new store concept to be rolled out in Canada, according to Retail Insider. “The Pulse” concept will be the German brand’s “premium factory outlet concept for the foreseeable future,” as vice president of retail for Canada Lesley Hawkins told the publication. The design is to include ...
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ArticleTechnogym posts double-digit sales increase in Q1, driven by B2B
Technogym, the Italian specialist in equipment and digital technologies for fitness, has reported consolidated revenues of €175 million for the first quarter of 2023, representing a 15.2 percent increase compared to the same period of 2022, or a 15.5 percent increase at constant exchange rates. The sales increase was driven ...
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SponsoredA full program and over 600 companies. OutDoor by ISPO is shaping up for success
With over 600 exhibitors confirmed, find out how OutDoor by ISPO is attracting retailers, building community, and supporting sustainability
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ArticleFila Holdings’ Q1 sales, profits dominated by Acushnet
Struggling with a bloated inventory market in the U.S. and sales channel adjustments in its home South Korea market, Fila Holdings relied on Acushnet Co. to generate the majority of its Q1 revenues and operating profit. Operating income declined by 14.7 percent in constant currency to KRW 160,379 million ...
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News briefsY-3 and Adidas take on the running shoe
In the latest in its ongoing collaboration with with Japanese fashion designer Yohji Yamamoto, Adidas has for the first time released a capsule collection of running sneakers under his Y-3 brand. Yamamoto describes the Y-3 brand as a “blend of sport and style and the tension caused by mixing tradition ...
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ArticleUnit of JD Sports to take over Gap France
Following on from April’s decision in which Intersport France had the winning bid to acquire the Go Sport Group in a joint venture with the Qatari firm Al-Mana, Spodis – a unit of JD Sports Fashion – has been chosen by a Grenoble-based commercial court as the buyer of part ...
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News briefsSneaker re-selling platform WeTheNew announces €20 million capital funding round
French-based limited-edition sneaker re-selling platform WeTheNew has announced a €20 million capital funding round. The Series B funding round was led by C4 Ventures, along with Singular – the company’s historical investor – the investment arm of Chalhoub Group, Chalhoub Ventures & Acquisitions, and also supporting the venture is French ...
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News briefsPeloton recalls 2.2 million bikes, share price drops
In conjunction with the U.S. Consumer Product Safety Commission, the connected fitness company Peloton is recalling 2.2 million of its model PL01 bikes due to a potentially faulty seat that caused a reported 13 injuries to consumers that included a fractured wrist, lacerations and bruises. Source: Peloton ...
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ArticleGolf segment helps drive Mizuno to record FY22 sales
Global golf sales coupled with strong baseball, soccer and work segment results in its home Japanese market were key contributors to Mizuno’s record FY22 results. Double-digit year-on-year revenue improvement in all regions Total revenues rose by 23 percent to ¥212.0 billion (€1.44b) from ¥172.7 million for the 12 months ended ...
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ArticleAdidas may have a solution for Yeezy inventory
Reports coming from Adidas’ “Hauptversammlung” (AGM) indicate that the company may now have a solution for the surfeit of Yeezy inventory it finds itself left with after terminating its partnership with rapper and fashion designer Ye (formerly known as Kanye West). As reported in its Q1 call last week, if ...
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News briefsSympatex partners with ColorDigital
Sympatex has partnered with DMIx by ColorDigital GmbH to enhance its workflows and supply chain through digitalization. DMIx’s platform enables virtual collection development, allowing parties to share designs digitally in real-time and reduce the number of physical material samples produced and transported, thus minimizing waste, CO2 emissions, water usage and ...
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News briefsNew MD of Puma India announced
Puma has appointed its current Global Director Retail and e-Commerce Karthik Balagopalan as the new Managing Director of Puma India, one of the company’s fastest growing markets. Balagopalan replaces Abhishek Ganguly, who worked for Puma’s Indian business for 17 years and has been the Managing Director of Puma India since ...
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ArticleWolverine explores options for Sperry as Q1 beats forecasts but conditions tighten
Wolverine Worldwide reported better-than-expected first quarter results and said it was exploring options for its Sperry footwear and apparel brand as it works to reshape its business amid a deterioration in market trends since the start of the year, macroeconomic concerns and a cold spring selling season that has hit ...
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ArticleGoPro sees opportunity from new go-to-market effort
After three years of a pandemic-induced strategy that focused on a reduced retail presence by about 30 percent, lower marketing expenditures, and an exit from an entry-level SKU due to supply chain constraints, GoPro has adjusted its go-to-market approach. The GoPro group believes its new line of attack – ...
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Short stops
Short Stops Week 20, 2023
CORPORATE AND M&A +++ Chinese fast fashion online retailer Shein has opened an office in Dublin, which will serve as headquarters for its operations in Europe, the Middle East, and Africa (EMEA) +++ Happy Birthday, Body Glove: The Redondo Beach, California-based company is celebrating its 70th year in business +++ ...
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News briefsKMD Brand’s Kathmandu appoints new CEO
KMD Brands has apointed Megan Welch, most recently SVP/GM for Crocs’ Asia/Pacific business based in Singapore, as the new CEO for its Kathmandu business unit starting on Aug. 7. She takes over and will report to Michael Daly, KMD’s group CEO and managing director, who added the Kathmandu responsibilities on ...
