All Sporting Goods Intelligence articles in Volume 34, Issue 29+30 – Page 2
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ArticleSkechers raises profit forecast as DTC and international shine in Q2
Skechers raised its guidance for earnings in the full year after its direct-to-consumer (DTC) and international operations performed strongly in the second quarter ended June 30. While its domestic wholesale business underperformed as expected, overall revenues rose by a reported 7.7 percent to $2,012.5 million and were 9.1 percent higher ...
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News briefsPuma supports research on ACL injuries in women’s football
Puma has announced its investment in a research study to explore further ACL (anterior cruciate ligament) injuries in women’s football. The brand said that one of the practical outcomes of this study is to further develop the women-specific football boots that Puma first launched two years ago. Female players are ...
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News briefsMunich opens largest Spanish store
Spanish sneaker brand Munich has opened a 250-sqm store at the Viladecans The Style Outlets shopping center near Barcelona. It is the brand’s largest store in Spain. Alongside Munich sneakers, the store sells vegan footwear from the Duuo brand, also owned by the Berneda family. The new opening brings the ...
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News briefsLED glass floor unveiled at Women’s U19 Basketball World Cup in Madrid
The International Basketball Federation (FIBA) unveiled a state-of-the-art LED glass court in Madrid at the Quarter-Finals of the FIBA U19 Women’s Basketball World Cup 2023. The innovative playing surface, designed by ASB GlassFloor, is a fully interactive video floor that can also display player tracking, allowing fans to follow up ...
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News briefsK-Way and Comme des Garçons create official jacket of US Open of Surfing
The World Surf League (WSL) has announced a collaboration with K-Way and French brand Comme des Garçons on a limited-edition collection of jackets specially designed for the upcoming Wallex US Open of Surfing Presented by Pacifico. The event will take place in Huntington Beach, California, from July 29 to Aug. ...
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News briefsDecathlon takes part in Paris Design Week
From Sept. 7 to 11, 2023, French sporting goods retailer and manufacturer Decathlon will participate for the first time in Paris Design Week to showcase the expertise of its multidisciplinary design community. In the Decathlon Designer exhibition (18 rue de Turenne, 75004 Paris), both the public and interested parties can ...
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ArticleFrasers scores double-digit FY23 revenue gains in all segments
U.K. retailer Frasers Group, bolstered by acquisitions and a strong performance from its core Sports Direct business, generated a 61 percent increase in annual operating profit to £531.8 million (€613.2m) for the 53 weeks ended April 30. Adjusted profit before tax rose by 41 percent to £478.1 million. FY gross ...
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News briefsUsain Bolt joined celebrations for unveiling of 2024 Olympic torch in Paris
The Olympic and Paralympic torch for Paris 2024 was unveiled on July 25 and presented hours later on a boat on the river Seine, marking one year to go until the start of the Games. The torch was first held by Tony Estanguet, the president of the Paris 2024 Organizing ...
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News briefsSwiss brand On will soon open its first store in Paris
Swiss brand On is expected to open its first Parisian store over the next few weeks. As previously reported by SGI Europe, the store is located within the Marché Saint Germain, in the heart of the elegant sixth arrondissement. On was founded in 2010 by Olivier Bernhard, David Allemann and ...
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News briefsNixon celebrates 25 years
California-based, action sports-savvy watch brand Nixon is celebrating its 25th anniversary with a short film and a limited edition of the iconic The Player in its original form. To honor this milestone, Nixon has invited filmmaker Patrick O’Dell to capture the story and characters of the brand’s first 25 years. ...
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Short stops
Short Stops Week 31, 2023
RETAIL & DISTRIBUTION +++ On July 1, the Spanish firm BM Sportech took charge of “professional sector” distribution in Spain and Andorra for the German table-tennis brand Joola, according to TradeSport +++ Authentic Brands Group has entered into a long-term partnership with Poland-based footwear retailer The CCC Group, which operates ...
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News briefsBasicNet H1 Ebitda rises slightly
The Italian parent of Kappa, Robe di Kappa, K-Way, Superga, Sebago and other brands suffered a 31 percent decline in H1 net profit to €7.4 million as aggregate group brands revenues reached €558.3 million for the six months ended June 30. Ebitda was €22.6 million versus €22.4 million. Commercial ...
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News briefsParis Saint-Germain opens 4th U.S. store in Las Vegas
The new Las Vegas 172-sqm Paris Saint-Germain (PSG) store, which will be managed by Lids, is the French league football club’s fourth location in the U.S. following openings in Los Angeles (2021), New York (2022) and Miami earlier this year. It is located in the Forum Shops at Caesars Palace ...
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News briefsPou Sheng experiences H1 recovery on improving trends
The retail subsidiary of Yue Yuen, citing recovering consumer momentum in China and “particularly strong” omnichannel results, has reported preliminary results for the first half ended June 30. Revenues rose approximately 11 percent year-over-year to 10.960 billion yuan renminbi (€1.47bn). Profit attributable to employees was approximately RMB 305 million (€40.8m), ...
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ArticleMeta up in Q2 except in the metaverse
“We had a good quarter,” is CEO Mark Zuckerberg’s summation. “We continue to see strong engagement across our apps, and we have the most exciting roadmap I’ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall.” ...
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News briefsWomen’s volleyball brand Avoli launches first collection
Avoli, a US-based volleyball brand aimed exclusively at women and girls, launched its first line of products on July 27, featuring the Avoli Low-Top volleyball shoe, as well as recovery slides, knee pads and sleeves. The new Avoli shoe was designed specifically for the demands of women’s volleyball and the ...
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News briefsLondon Sneaker School opens a pop-up store in Mayfair
The London Sneaker School (LSS) is opening a concept pop-up store on Savile Row, a street in Mayfair, central London, known principally for its bespoke tailoring for men. LSS provides insights and lessons on shoemaking and starting a sneaker brand. Classes include traditional shoemaking techniques to train people to get ...
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News briefsIndia considers incentivizing the textile industry to promote sustainability
The Indian government is considering incentivizing the textile industry to help promote sustainability practices, Fibre2Fashion has revealed. Roop Rashi Mahapatra, textile commissioner at the Government of India, delivered the message in a webinar titled “Sustainability in Action: Exploring Circularity and Sustainable Solutions in the Textile Industry,” organized by Fairtrade India ...
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News briefsJD Sports to open 1,000-sqm flagship on Champs-Elysées
JD Sports will open a new flagship store at 118 Champs-Elysées in Paris. Passers-by can already see the stickers that have been affixed by the British retailer on the windows of its new space, previously occupied by Mercedes-Benz. JD Sports is planning to inaugurate the store in March 2024, according ...
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News briefsAsics has become an official sponsor of the World Athletics Athlete Refugee Team
Asics has become an official sponsor of the World Athletics Athlete Refugee Team. Through the new partnership, which will run until 2026, Asics will offer training, competition kits, and footwear for the elite and U20 refugee teams. In addition, the partnership includes access to Asics training facilities around the world. ...
