All Sporting Goods Intelligence articles in Volume 34, Issue 21+22
View all stories from this issue.
-
PDF NewsletterSGI Europe Executive Edition: Vol 34 - 21+22
The top sporting goods industry performers by sales and profit Q1 2023 | Sporting Goods 2022 – The top companies worldwide by sales and profit | Lululemon posts strong quarter helped by Greater China | Hoka sales up 20% in FY24, further supporting Deckers’ growth | Hummel sets five-year targets, new DC costs impact FY22 profitability | Zumiez sales continue to slip as Europe, Australia outperform | Senior executive changes at Nike to deepen consumer-led growth | Wolverine Worldwide appoints new company president and key brand leaders | WeSports relaunches Keller Sports, enters partnership with Footway Group | EU Parliament votes in favor of supply chain act, FESI calls for improvements | Rossignol Group strengthens global softgoods division | Lululemon expands global HQ in Vancouver | PGA Tour, DP World Tour and LIV Golf merge into new commercial entity
-
ArticlePGA Tour, DP World Tour and LIV Golf merge into new commercial entity
The PGA Tour, DP World Tour and Saudi-backed Public Investment Fund (PIF) have announced a “landmark agreement to unify the game of golf on a global basis.” The transformational agreement combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour ...
-
News briefsNew Balance invests $65 million to expand factory in Maine
New Balance has announced a $65 million investment to expand its current athletic footwear manufacturing facility in Skowhegan, Maine. The expansion consists of an 11,150-sqm single-story addition to the existing five-story factory building, set for completion by the end of 2024, with around 1,900 sqm of the existing building also ...
-
News briefsSport 2000 opens tenth Absolute Run store
On June 1, the tenth Absolute Run store opened in Liège, Belgium. Sport 2000 has implemented the store together with the Running Experts Europe partner “Jogging Plus.” True to the concept, the Absolute Run - Jogging Plus area is fully geared to tangibly and visibly conveying to customers the added ...
-
News briefsStichd becomes merchandise partner of Aston Martin’s F1 team
Puma’s subsidiary Stichd, a licensed fan apparel, legwear, bodywear and swimwear company that will exclusively operate Formula 1 fan stores at race weekends as part of the latest deal between Puma and the racing series, has now also signed a long-term agreement with the Aston Martin Aramco Cognizant Formula One ...
-
News briefsBelgian start-up Gofluo raises €1 million for international growth
Belgian start-up Gofluo has received €1 million to accelerate business growth and expand into the USA, France and Germany. Four experienced business angels and venture capital fund Freshmen, which is already a shareholder, participated in the funding round. The innovative, female-run fashion brand was founded in 2018 by Julie Vets. ...
-
News briefsGoogle sponsors German women’s football team
Google has signed a three-year deal with the German Football Association (DFB) that makes it the official sponsor of the national women’s team with its Google Pixel brand. The agreement includes LED advertising at national games and visibility on interview and press conference backdrops. The team and individual players will ...
-
AnalysisThe top sporting goods industry performers by sales and profit Q1 2023
Our 2023 Q1 Scorecard includes the revenue and profit development of 48 sporting goods companies, as well as the headlines and analysis
-
News briefsOn aims to make brand more complex
Swiss company On Holding, which raised its fiscal 2023 sales forecast by 2 percent to at least $1.9 billion last month, remains committed to building a complex, multibillion-dollar sportswear brand that focuses on the premium segment and is not overdistributed. The Swiss group’s co-CEOs, Martin Hoffman and Marc Maurer, provided ...
-
ArticleSkechers announces progress on inventory and international business
At Deutsche Bank’s Global Consumer Conference, Skechers told investors that demand, traffic and conversion rates remain healthy. However, the lingering impact of the summer 2022 retail inventory build is still expected to be a headwind for the rest of 2023. The U.S. wholesale market has helped support the bottom line ...
-
News briefsVF begins operations at new distribution center in California
Colorado-based VF Corporation has launched its new distribution center in Ontario, California, employing approximately 550 people during peak periods. The new 111,500 sqm facility is VF’s largest and most efficient distribution center within the group’s worldwide network of 46 distribution centers. The center’s annual shipping capacity of 76 million units ...
-
ArticleRossignol Group strengthens global softgoods division
Source: Rossignol Group Liz Wilson, the new GM of Rossi’s Global Softgoods Division French Rossignol Group has hired Liz Wilson as General Manager of the group’s Global Softgoods Division, an experienced outdoor and active lifestyle expert. Wilson’s extensive professional experience working with leading sports and outdoor lifestyle ...
-
Short stops
Short Stops Week 23, 2023
EXECUTIVE CHANGES +++ FIS has announced Susanna Sieff as its new sustainability director +++ USA Pickleball, the national governing body for pickleball, named Mike Nealy as CEO, effective mid-June, replacing Stu Upson +++ Fanatics has appointed Gregg Winiarski as Chief Legal Officer of Fanatics Holdings, Inc., responsible for overseeing all ...
-
News briefsAsics introduces carbon footprint labeling for its products
Source: Asics Gel Kayano 30 Asics this week unveiled the 30th generation of its Gel Kayano running shoe, which not only features new adaptive technology that provides “runners with exceptional stability and unprecedented comfort for the entire duration of a run “ but also comes with a ...
-
News briefsAmazon becomes a partner of UEFA Women’s
UEFA has announced that Amazon has signed a multi-year partnership to become a partner of UEFA Women’s Football. The agreement will see the e-commerce company sponsor various competitions, including UEFA Women’s Euro 2025, UEFA Women’s Champions League, Women’s Finalissima, UEFA Women’s Futsal Euro 2023, UEFA Women’s Under-19 Championships and more. ...
-
News briefsPuma announces multi-year sponsorship deal with AL-Hilal FC
Puma has announced a new five-year sponsorship deal with Al-Hilal FC, the football club based in Riyadh, Saudi Arabia, that competes in the Saudi Pro League (SPL). The agreement, which will debut in the 2023/24 season, has been described by the German sportswear company as a “groundbreaking new partnership set ...
-
News briefsApparel brands address textile waste management in new report
Apparel brands have come together with the Policy Hub – Circularity for Apparel & Footwear and Eunomia Research & Consulting to research and publish a set of principles for an effective waste management system to tackle pollution and facilitate the transition to a circular economy for textiles ...
-
ArticleAuthentic acquires intellectual property of Hunter
After several weeks of negotiations, Authentic Brands Group (Authentic) has acquired the intellectual property of Hunter, the British brand known for its iconic Original Wellington boots. With more than 160 years of heritage, the Hunter brand has evolved from a rubber boot to a lifestyle brand offering an extensive footwear ...
-
ArticleZumiez sales continue to slip as Europe, Australia outperform
Zumiez sales decreased by a reported 12.8 percent in the four weeks ended May 27 compared to the year earlier, continuing to trend downwards after its top line in the first quarter ended April 29 fell by 17.1 percent to $182.9 million. Management attributed the decrease to a challenging marketplace, ...
-
News briefsNike strikes deal with video game giant
Source: Nike Nike Virtual Studios has established a partnership with EA Sports, producer of such video games as the FIFA series and Madden NFL. The objective is to “build new immersive experiences” and open new avenues for customization, especially through .Swoosh. As our readers might recall, .Swoosh ...
