All Sporting Goods Intelligence articles in Volume 34, Issue 29+30
View all stories from this issue.
-
ArticleWFSGI announces leadership change
After 16 years, Robbert De Kock, President and Chief Executive Officer of the World Federation of the Sporting Goods Industry (WFSGI), has decided to pass the baton to a new leader. The WFSGI Board of Directors appointed Emma (Mason) Zwiebler as interim CEO, effective Nov. 1, 2023. Source: ...
-
PDF NewsletterSGI Europe Executive Edition: Vol 34 - 29+30
Puma maintains full-year guidance despite challenging market as Q2 sales tick up 6% | VF Corp. slashes FY revenue guidance, reports wider Q1 loss | Hoka paces Deckers in Q1, company lifts FY guidance | Columbia dims FY outlook as Q2 net dips 17% | WFSGI announces leadership change | Adidas releases more existing Yeezy products in August | Skechers raises profit forecast as DTC and international shine in Q2 | European ski industry stands strong amid challenges | Sport 2000 Austria: Zentrasport initiates restructuring process | Moncler Group’s H1 revenues surpass €1 billion for first time | Adidas extends contract with Manchester United, guarantees €1bn over 10 years | Frasers scores double-digit FY23 revenue gains in all segments | Vulcabras Q2 results bolstered by locally made athletic footwear | U.S. growth in racquet sports translating to sales of softgoods | Crocs’ shares take hit as Heydude sales outlook tempered
-
ArticleVulcabras Q2 results bolstered by locally made athletic footwear
The Brazilian Vulcabras group, which produced double-digit Q2 gains in revenues, gross margin and net profit, was aided by a 14.2 percent increase in market-produced footwear to 608.2 million Brazilian reais (€112.8m). Overall, Ebit expanded by 40 percent to R$148.1 million (€27.5m) as year-over-year gross margin increased by 540 basis ...
-
News briefsUvex Sports Group switches to selective distribution in Europe
Uvex Sports Group (USPG), the parent of the Uvex and Alpina brands, announced that it will be introducing a selective distribution system in Europe from January 2024. Through the new partner program, only certified dealers will have access to the product range. According to an in-depth analysis by the USPG, ...
-
News briefsNew industrial park for garments and yarn to open in Kyrgyzstan
A large industrial and logistics park is currently being constructed in the Kara-Suu district of the Osh region, in the Central Asian country of Kyrgyzstan. The park will feature three production sites for knitwear garments, knitted fabric and yarn, Fibre2Fashion has reported. The first to open will be an export-oriented ...
-
ArticleResearchers develop prototype stretchable lithium-ion battery for textiles
Researchers at the University of Houston (UH) have developed a fully stretchable fabric-based lithium-ion battery prototype. The idea for stretchable batteries originally occurred to Haleh Ardebili, professor of mechanical engineering at UH, several years ago. A science fiction fan, he imagined smart, interactive and powered clothes. “It seemed a natural ...
-
ArticleU.S. growth in racquet sports translating to sales of softgoods
Growth in racquet sports as a practice seems to be spurring growth in related softgoods, or so believe several analysts at Circana, the analytics company that resulted from the merger (in March) of Information Resources (IRI) and The NPD Group (NPD). According to the company’s statistics, the U.S. market for ...
-
News briefsSpain raids counterfeiters
Early this month, after an investigation that began in 2016, Spanish authorities dismantled a counterfeiting ring, arresting 39 people spread between Madrid (14), Seville (4), Girona (15), Málaga (3) and even as far afield as Tenerife (3), in the Canary Islands. They also searched 13 domiciles and inspected 22 warehouses, ...
-
News briefsFarfetch hires Amazon exec as new CFO
Tim Stone, who spent more than 20 years in senior finance roles at Amazon.com, will join the London-based Internet platform for luxury goods Farfetch Limited on Sept. 1 as the group’s new CFO. He will replace Elliot Jordan, who announced his departure from the luxury fashion company in February.
-
ArticleColumbia dims FY outlook as Q2 net dips 17%
Bloated inventories and challenging market conditions in the USA are forcing Columbia Sportswear to take a “more conservative” stance on its H2 and full-year results despite explosive year-over-year Q2 sales growth in China and in its lower-margin international distributor businesses. Saddled with a 21 percent year-over-year increase in Q2 ...
-
ArticleVF Corp. slashes FY revenue guidance, reports wider Q1 loss
VF Corp., the parent of The North Face (TNF) and Vans, welcomed its new President and CEO Bracken Darrell, 12 days on the job, to his first results call by reporting a Q1 loss of $57.4 million against a loss of $55.96 million in the year-ago period on an 8 ...
-
News briefsSnoop Dogg launches first shoe collaboration with Skechers
Source: Skechers US rapper and actor Snoop Dogg, real name Calvin Cordozar Broadus Jr, has entered into a collaboration with Skechers. The first styles of the Skechers x Snoop Dogg collection dropped on Aug. 1. “The excellent team at Skechers took my ideas and my flavor, and ...
-
ArticleCoats Group forecasts gradual demand improvement in H2
The U.K.-based maker of industrial yarns and structural components for footwear and apparel faced H1 headwinds due to difficult year-over-year comparisons and widespread industry destocking. Adjusted operating profit slipped by 14 percent to $107 million from $125 million for the six months ended June 30. Revenues fell by 11 percent ...
-
News briefs361 Degrees updates on H1 results
361° Degrees Intl. Ltd. expects profitability to increase by at least 25 percent for the six months ending June 30 compared to the same period last year. The company cites a market recovery in China after pandemic-related restrictions and the launch of new premium products as factors.
-
News briefsAnne-Laure Descours features in Puma’s podcast
All episodes of Puma’s sustainability report podcast, Re:Gen Reports, are now available to stream. In the final episode, Puma’s Chief Sourcing Officer, Anne-Laure Descours, reminds audiences that it’s important for people in the North to “recognize how much people on the ground are trying to improve [factory working conditions].” ...
-
News briefsNautilus Inc. relaunches BowFlex
Washington-based fitness company Nautilus, Inc. has unveiled a refresh of its iconic BowFlex brand of fitness training equipment, introducing a new identity, visual design, updated logo, philosophy and messaging to revitalize the brand. The redesigned brand will appear across all BowFlex marketing channels, including BowFlex.com. New products with additional designs ...
-
ArticleAdidas extends contract with Manchester United, guarantees €1bn over 10 years
Source: Adidas The new 2023/24 away kit sees a return to the iconic vertical stripes that adorned the club’s first ever away shirts With Adidas extending its kit sponsorship deal with Manchester United by ten years, the contract runs until 2035 and guarantees the football team at ...
-
ArticleKangaroo Protection Act introduced in U.S. Congress
The bipartisan bill introduced in the U.S. House of Representatives would ban the sale of kangaroo body parts in the U.S., including on footwear and apparel. Months ago, Puma and Nike announced they would halt further sourcing of kangaroo skins for their respective soccer boots. The Center for a Humane ...
-
News briefsInditex pulls out of Myanmar
Inditex, the Spanish parent company of several fast fashion brands including Zara, Massimo Dutti, Bershka and Oysho, is to stop sourcing clothes from Myanmar. The company is following the example of other companies such as Primark and Marks & Spencer. The reason is a campaign by the global union IndustriALL ...
-
News briefsColumbia hires new brand president for PrAna
Columbia Sportswear has named Tricia L. Shumavon as the new brand president of its PrAna brand. Most recently, Shumavon served as Global Vice President of Women’s, Men’s, and Kids sportswear apparel for Adidas in Europe. She will begin her new role in September. Her prior experience includes stints at Nike, ...
