All Sporting Goods Intelligence articles in Volume 34, Issue 25+26 – Page 3
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ArticleJD Sports sees softer North America but holds guidance
JD Sports Fashion reported some softening in trade in its North American business in June, but this would be offset by growth in demand in the UK, Europe and Asia Pacific – allowing it to maintain annual guidance. Despite the US and Canadian markets’ slowdown, the UK retailer still expects ...
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News briefsSafilo, Hilfiger extend licensing agreement ahead of schedule until 2030
Italian Safilo Group announced the early renewal of its global licensing agreement with Tommy Hilfiger, owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger branded sunglasses and optical eyewear collections until Dec. 31, 2030. “We are very pleased to continue our collaboration with Safilo,“ commented Martijn ...
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News briefsAsics reportedly stops supplying independent UK sports shops
The Guardian reported on June 26 that Asics has announced to some of its customers that it will join Nike and Adidas in leaving smaller retailers in the UK in favor of large chains such as Sports Direct and JD Sports, as well as selling directly online. The newspaper is ...
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News briefsFila celebrates 50 years of sportswear
Fila is launching a new digital campaign to mark the 50th anniversary of the brand’s debut in the world of sports. “It highlights the passion, elegance and Italian heritage that has driven Fila over the past half-century,” the company explains. The campaign features exclusive interviews and sequences with Fila ambassadors ...
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News briefsSupreme Court declines to hear Nike’s appeal in Flyknit dispute
The U.S. Supreme Court has declined to hear Nike’s appeal of a decision by the Patent Trial and Appeal Board of the U.S. Patent and Trademark Office that one of its Flyknit patents, which covers a process for knitting footwear tops, is invalid. Adidas had asked the board to invalidate ...
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ArticleOrthoLite appoints new GM for India
Source: OrthoLite India Vikash Bajargyan OrthoLite, the global leader in branded comfort footwear, announces the appointment of Vikash Bajargyan as the new General Manager of OrthoLite India (OIN). In his new position, Bajargyan will oversee OIN’s overall operations. This includes leading manufacturing and business development, as well ...
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ArticleHamburg Declaration to combat physical inactivity renewed, IOC supports efforts
Despite individual political efforts, including the German Prevention Act in 2015 and, in 2020, the World Health Organization’s “Global action plan on physical activity,” the trend toward global inactivity has not yet been significantly reduced or even reversed. Renowned scientific societies and organizations have therefore been calling for years on ...
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News briefsAdidas’ launches its first spikeless, laceless golf shoe
Source: Adidas Codechaos Laceless in white Adidas is launching the Codechaos Laceless, the first spikeless, high-performance golf shoe with a laceless (and Boa-less) construction in the brand’s history. The new shoe, based on a gender-neutral last and offered in a wide range of men’s and women’s sizes, ...
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News briefsGo Sport calms worried customers
The long back and forth about the whereabouts of the French chain Go Sport after its bankruptcy has probably also unsettled its customers. Go Sport has now appeased them with a public message on its website. A text to its customers from the retailer, which was taken over by Intersport, ...
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ArticleInvestment company acquires Aqualung Group
Barings, a global investment manager, has entered into exclusive discussions to acquire 100 percent of Aqualung Group, owner of the Aqualung, Apeks, Aquasphere, Omer, Military Professional, Stohlquist and U.S. Divers brands of diving equipment and water sports. Aqualung, the Group’s best-known brand, pioneered the development of modern diving equipment in ...
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News briefsAmazon to invest $26 billion in India business
Amazon said it wants to significantly increase its investment in India by 2030. After CEO Andy Jassy met Prime Minister Narendra Modi in the U.S. last week, Jassy said he wants to put $26 billion into the country, adding $6.5 billion to planned new investments. An exact breakdown of the ...
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News briefsInter-country sell-in cooperation at Intersport
Retail members of the Intersport Spain network have begun placing their orders for items under the Intersport own-brands McKinley and Energetics through Intersport France, according to a report in CMDsport. The test conducted for the autumn/winter 2023/24 sell-in having proved fruitful, Intersport’s buying groups in Spain and France have reached ...
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News briefsLuhta Sportswear turnover rises by 25 percent in 2022
Luhta Sportswear Company, the parent of the Luhta, Icepeak, Rukka and Dachstein brands, reported a €10.3 million profit in 2022, up from €2.35 million a year earlier, as total revenues increased by 25 percent to €245 million from €196 million. During the year, the Finnish group returned to a normal ...
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News briefsThe U.S. will host new and expanded FIFA Club World Cup 2025
The FIFA Council has unanimously appointed the U.S. as the host of the new and expanded 32-team FIFA Club World Cup that is due to take place in 2025. The decision took into consideration “the infrastructure and service requirements, as well as broader strategic objectives for the tournament,” said FIFA ...
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News briefsCaptain Fin to launch in Europe
Following last year’s acquisition of San Diego-based surf lifestyle and hardgoods brand Captain Fin Co. by Liberated Brands – the global master licensee for Volcom and Spyder – Captain Fin is to officially launch in Europe. The launch coincides with the revitalization of its apparel collection, now infused with sustainable ...
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News briefsCrocs launches virtual store with first 3D shoe customizer
Source: Crocs Crocs has launched a new virtual store in partnership with 3D e-commerce platform Obsess. The Crocs Jibbitz Experience is “a virtual storytelling arena centered around self-expression, personalization, gamification and education.” It includes the brand’s first-ever 3D Jibbitz Customizer, a feature developed by Obsess to provide ...
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News briefsTour de France partners with TikTok to further expand its audience
TikTok is joining the Tour de France (July 1-23,2023) and Tour de France Femmes avec Zwift (July 23-30, 2023) as an official provider. From July 1, fans of the Tour will be able to experience these cycling races also with TikTok thanks to the platform’s creators and users. Every day, ...
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News briefsSkechers sues Steve Madden over sneaker logo
Skechers has filed a trademark lawsuit with the U.S. District Court for the Central District of California against New York-based fashion company Steve Madden Ltd., claiming that its “Kennie” line of sneakers violates Skechers’ trademark rights in its “S” logos. According to Skechers, the “S” design in the Steve Madden ...
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News briefsWattbike takes part in cycling event at first Olympic Esports Series
Wattbike, the U.K.-based specialist in indoor bikes, supported the cycling event at the first-ever Olympic Esports Series (OES), which took place in Singapore on June 22-25. The cycling event was held on June 23 as a team event over six different races, with players scoring points for their teams depending ...
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News briefsLululemon reportedly struggling to find a buyer for Mirror
Lululemon is trying to sell its Mirror fitness product but cannot find a buyer, despite cutting its value by nearly 90 percent, the New York Post has reported. A recent filing showed that Lululemon valued Mirror at just $58 million, although the athletic apparel company paid $500 million for the ...
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