All Sporting Goods Intelligence articles in Volume 34, Issue 29+30 – Page 5
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News briefsFoot Locker to enter Thailand in September
Foot Locker is set to open its first brick-and-mortar store in Thailand in September. The exact opening date has yet to be announced. The store will be located inside the Siam Center shopping mall in Bangkok. Thailand will be Foot Locker’s fifth market in the Southeast Asian region, adding to ...
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News briefsNew Balance’s new store concept launches in Singapore
New Balance has inaugurated a new store in Singapore featuring its latest retail concept, “Built to put people, not products, at the center of the consumer experience.” It is the brand’s first store of its kind in Southeast Asia and the third in the world, following the launch of the ...
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News briefsConverse’s FY23 Ebit inched up 1%
Parent Nike provides more details about Converse’s annual results for the 12 months ended May 31 in its annual report filed last week. FY revenues for the All-Star brand rose by 3 percent to nearly $2.43 billion. Annual Ebit at Converse was $676 million versus $669 million in FY22. Currency-neutral ...
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News briefsBeverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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News briefsUsain Bolt and Colin Jackson talk records, the Puma family and the future
Puma has released an interview with the world’s fastest man, Usain Bolt, and sprint and hurdling athlete Colin Jackson to celebrate the 20th anniversary between Puma and Bolt in July. Source: Business Wire The conversation between Bolt and Jackson provides an engaging glimpse into the life of ...
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News briefsNew volleyball brand Avoli announces first NIL deals with college athletes
Avoli, which claims to be the only sports brand dedicated exclusively to the performance needs and demands of women’s and girls’ volleyball, has signed NIL (Name, Image, Likeness) deals with three college volleyball athletes. The three athletes are University of Nebraska Cornhuskers freshman Harper Murray, University of Virginia Cavaliers junior ...
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News briefsNike sued over “pocket bra” design
A Florida-based company is suing Nike for allegedly using its invention of a sports “pocket bra” in Nike’s athletic bras without permission. The Pocket Bra is a sports bra that features built-in pockets where women can keep their belongings during physical activity. SherryWear LLC, headquartered in Vero Beach, claims in ...
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News briefsFIFA collaborates with TikTok for Women’s World Cup
FIFA is partnering with TikTok for the 2023 FIFA Women’s World Cup (July 20-Aug. 20) in Australia and New Zealand. During the tournament, FIFA and TikTok will bring fans various content, including behind-the-scenes moments, team arrivals, live pre-match content, match highlights, player and coach reactions, and more. In addition, fans ...
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News briefsAdidas unveils its new Switch FWD running shoe
Source: Adidas Switch FWD Adidas is introducing the Switch FWD, a new running shoe design expected to launch globally on July 27. The EVA compound midsole in the Switch FWD features “intricately designed voids that collapse and spring forward, converting weight into forward motion,” the brand said. ...
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News briefsTwo French Alpine regions eye bid for the 2030 Winter Olympics and Paralympics
The presidents of the French regions Auvergne-Rhône-Alpes and Provence-Alpes-Côte d’Azur, Laurent Wauquiez and Renaud Muselier, have announced that they want to submit a joint bid to the International Olympic Committee (IOC) to host the 2030 Winter Olympics. The announcement did not specify venues. Apart from France, Sweden has already expressed ...
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Short stops
Short Stops Week 30, 2023
EXECUTIVE CHANGES +++ For “personal and professional” reasons, Alejandro Galán has resigned as chairman of the Professional Padel Players Association (PPA), with vice chairman Pablo Lima stepping in as interim chairman and board member Jose Carlos Gaspar filling in for Lima +++ Asics North America has hired Michael Dougherty as ...
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News briefsAdidas claims West misappropriated Yeezy marketing funds
Bloomberg reports that although the legal battle between Adidas and its former partner Kanye West has largely been kept under seal, a reporter was able to get a look at court documents that reveal some key details. According to the documents, the sporting goods company claims that West was paid ...
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News briefsDecathlon may want to make private labels more concise
According to French industry magazine Challenges, Decathlon is planning to consolidate its numerous private brands. According to the publication, CEO Barbara Martin-Coppola plans to reduce the number of brands from around 70 to 12, while the Decathlon brand will be expanded through a range of multi-sport products. A similar step ...
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News briefsSuperdry shuts down eight franchise-operated stores in the UK
Superdry has confirmed that it is “in the process of closing” eight stores in the UK operated under license. Most of the 104 Superdry stores in the UK are operated directly by the company, and there are currently no plans to shut down any of them, the retailer said. Since ...
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News briefsVF promotes Andreas Olsson to VP and GM EMEA for Vans brand
Source: VF Corp. Andreas Olsson VF Corp. has announced the promotion of Andreas Olsson, current Vice President of Sales at Vans for the Europe, Middle East and Africa (EMEA) region, to VP and General Manager Vans EMEA. Olsson previously held a variety of roles at Vans and ...
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News briefsUYN aiming for a post-synthetic future in technical clothing
As part of the “Plastic free” July, Italian technical sportswear brand UYN has unveiled a technical shirt made entirely of bio-based fibers. The special edition Reinvented bio-shirt is made with a mix of organic-based fibers that can replace traditional synthetics derived from fossil fuels and still allow for breathability and ...
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News briefsAccording to Adidas, Blokecore has landed in the U.S.
While the company celebrated Lionel Messi’s arrival at Inter Miami, Adidas says the Blokecore fashion trend is making its way in the United States, a style that refers to a fashion aesthetic that often includes vintage soccer-style pieces. Source: Adidas Jenna Ortega for Adidas Sportswear Given Adidas’ ...
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News briefsUnder Armour opens Brand House on Oxford Street
Under Armour has unveiled its latest Brand House on London’s iconic Oxford Street, a significant milestone in its European growth plan, according to the Baltimore, Maryland-based company. The Oxford Street location, which opened July 20, is the latest in a string of successful Brand House openings after Westfield Stratford, Battersea ...
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Infographics & DataBecoming a super-winner in the sporting goods industry: The numbers from McKinsey
Some of the key numbers and strategies from McKinsey’s webinar “Becoming a super winner in the sporting goods industry,” available now only at SGI Europe.
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ArticleIOC announces shortlist for first Climate Action Awards
The International Olympic Committee (IOC) has announced the athletes, International Federations (IFs) and National Olympic Committees (NOCs) shortlisted for the inaugural IOC Climate Action Awards. The purpose is to honor those in the Olympic Movement who are taking concrete steps to address the climate crisis. More than 70 applications were ...
