All Sporting Goods Intelligence articles in Volume 34, Issue 27+28 – Page 3
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Sponsored5 regulatory issues your company can’t afford to overlook
Stacey Bowers of Compliance & Risks lays out what you need to know about 5 upcoming changes which will affect the Sporting Goods industry.
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News briefsGarmin begins labeling compatible products in showrooms
Garmin has instituted a program for retailers called “Garmin Ready.” The idea is to label e-bikes with that very phrase so as to inform prospective customers that the bikes are set up for wireless data exchange with a Garmin device, such as a GPS or smart-watch, and can display things ...
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News briefsFIP expands by eight
At its recent general assembly the International Padel Federation (FIP) raised its total of countries represented to 71, thanks to the addition of eight: Slovakia, Montenegro, Kosovo, Luxembourg, Kazakhstan, Azerbaijan, Tunisia and Venezuela. Slovakia has established national men’s and women’s teams, built its National Padel Centre (with bi-weekly tournaments) in ...
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ArticleSean Combs launches US e-commerce platform for black businesses
Source: Empower Global Sean “Diddy” Combs, Chariman of Combs Global US rapper, producer, entrepreneur and designer Sean “Diddy” Combs has launched Empower Global (EG), a curated e-commerce platform (for U.S. customers only) that allows consumers to discover and purchase products created and sold exclusively by black entrepreneurs, ...
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ArticleAll Good Things closes Series A financing, plans to expand UK store network
All Good Things, a UK-based independent retailer founded in 2019 selling exclusively used, torn or repaired clothing, announced that it has received a £2.5 million (€2.93m) equity investment. The funding was provided by Souter Investments in conjunction with a broad range of experienced former retail employees, including Ben Barnett (former ...
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News briefsFootway continues to lose in Q2, Scandinavian market remains difficult
As reported by ehandel.se, the Swedish e-commerce company Footway posted net sales of SEK 240 million (€20.9m) in Q2 of this year, down 15 percent from SEK 283 million (€24.7m) in the same period last year. Just like in the previous quarter, the loss was owed to negative performance in ...
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News briefsOnline boost at Forum Sport for first five months
Forum Sport, which operates under the Forum Sport and Dooers banners, generated a 5 percent year-on-year rise in sales during the first five months of its current financial year, running from Feb. 1 to June 30. Speaking with CMDsport, the Spanish retailer’s Chief Executive, Diego Llorente, has attributed the near ...
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ArticleFESI responds to EU’s ESPR proposal with key concern
The Federation of European Sporting Goods Industry (FESI) has welcomed the EU Parliament’s July 12 adoption of the report on the European Parliament’s Ecodesign for Sustainable Product Regulation (ESPR) proposal. However, it has raised concerns over elements concerning the destruction of unsold goods and how reporting requirements will affect safeguarding ...
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News briefsDecathlon Spain tops €2bn in FY sales
With the value-added tax (VAT) included, Decathlon Spain exceeded €2 billion in sales – reaching €2.106 billion, to be exact – over the course of FY 2022, for a rise of 3.54 percent year-on-year, according to Diffusion Sport and TradeSport alike. Net profit amounted to €100 million. Online sales accounted ...
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ArticleA “courtside” look at the pádel market
Sales have been flat so far this year at Padel Courts Deluxe, CEO Fernando Cánovas tells CMDsport. Now that mid-year is behind us, moreover, he believes it safe to say that 2023 will be a year of transition in the pádel-court business, with growth picking up once more in the ...
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C-Suite InterviewMade for GenZ: Adidas talks exclusively about its new Adidas Sportswear line
What is Adidas Sportswear and how does it differ from the other Adidas lines? Aimee Arana, SVP General Manager of Adidas Sportswear explains all.
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ArticleUK study highlights the advantages in sponsoring women’s sports
A new study from the Women’s Sport Trust has highlighted the positive outcomes for brands if they invest in women’s sports. Founded in 2012, the Women’s Sport Trust is a UK-based charity that works to raise the visibility and increase the impact of women’s sports. According to its new study, ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsIrving is Anta’s new Chief Creative Officer, signs 5-year deal
A month ago, we wondered if Kyrie Irving had signed a deal with Chinese sporting goods manufacturer Anta. Now we have clarity, as it has been announced that the Dallas Mavericks guard has agreed to a five-year shoe deal with the brand. A statement from Anta says Irving’s signature shoes ...
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News briefsWolverine Worldwide amends credit facility
The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...
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News briefsNike and Inter Milan extend partnership through 2031
Nike and Italian Serie A football club F.C. Internazionale Milano (“Inter”) have announced a new contract that will run until 2031. The partnership has been in place since 1998, one of the longest-lasting in European football. The new contract is reportedly worth €29 million – €26 million plus up to ...
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News briefsTennis HoF goes digital
With the help of Infosys, the International Tennis Hall of Fame (ITHF) has instituted a metaverse. Visitors can peruse holographic statues of the greats (Navratilova, Laver, King, Ashe, Vergeer et al.), virtual artifacts (a racquet of Stefanie Graf’s from her Golden Slam of 1988, a dress of Serena Williams’s from ...
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ArticleCanadian regulators accuse Nike of profiting from Uyghur forced labor
CBC (Radio Canada) reports that the Canadian Ombudsperson for Responsible Enterprise (CORE), Canada’s corporate misconduct watchdog, has gathered enough information to launch an investigation into allegations that Nike Canada Corp. (as well as a Canadian gold mining company called Dynasty Gold Corp.) is profiting from forced Uyghur labor in China. ...
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ArticleXponential signs Club Pilates master franchisee in France
Xponential Fitness, a California-based international franchisor of boutique fitness brands, has signed a master franchisee agreement in France for its Club Pilates brand, marking its 19th international country outside of North America. The agreement, signed with TCMP Fitness and partners Susan and Chris Fichaud, gives the master franchisee the ability ...
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News briefsInterim CFO of HanesBrands assumes permanent role
Source: HanesBrands Scott Lewis Champion’s parent company HanesBrands announced that Interim Chief Financial Officer Scott Lewis has been appointed Chief Financial Officer, effective immediately. Lewis will also continue in his role as Chief Accounting Officer, a position he has held since 2015. A 17-year veteran of HanesBrands ...
