All Sporting Goods Intelligence articles in Volume 34, Issue 31+32
View all stories from this issue.
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News briefsHead’s creative studio heads to London’s Design District
According to the U.K. publication Retail Times, Head Sport, based in Kennelbach, Austria (Head International GmbH and Head Sport GmbH) and Amsterdam (group parent Head N.V.), has chosen London’s new Design District as the new official home for its Innovations and Creative Studio. Located in 230 sqm in Building B4, ...
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News briefsThe Players Fund pioneers new model for athletes’ investments
A group of prominent athletes is backing a new London-based venture capital fund called The Players Fund. The new fund brings together renowned athlete investors with experienced venture capitalists to support start-ups while promoting athlete investing. The captain of the England Test cricket team, Ben Stokes, and former team-mate Stuart ...
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ArticleSaucony announces product sustainability goals
Performance running lifestyle brand Saucony, part of Wolverine Worldwide and celebrating its 125th anniversary this year, has announced a major step in its sustainability journey, aiming to have 90 percent of its products made from organic, recycled or renewable materials by 2025 and 100 percent by 2030. With the launch ...
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ArticleFoot Locker committed to Lace Up strategy despite current challenges
Faced with persistent store traffic and conversion challenges, a promotional landscape, and an 11 percent year-over-year increase in inventories, Foot Locker has lowered its financial outlook for the remainder of the FY and paused its dividend for shareholders as it works to get better positioned for the upcoming holiday season ...
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ArticlePeloton Interactive takes steps to accelerate reach; Q4 loss shrinks
Roadblocks, namely costs associated with a bike seat recall and a separate legal settlement, detracted from Peloton Interactive’s financial recovery in Q4 under CEO Barry McCarthy. But the company is continuing to implement new initiatives aimed at sales and profitability growth and attracting a wider base of younger, fitness-focused consumers ...
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ArticleXtep Intl. nets H1 profit from Saucony business
Xtep Intl., the publicly traded Chinese company, whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, reported a 12.7 percent increase in H1 profitability ...
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 31+32
Adidas’ bumpy year showing some signs of smoothing out | On Holding’s Q2 operating income up 50 percent, but stock price falls | First figures out as Under Armour commences its transition year | Foot Locker committed to Lace Up strategy despite current challenges | Topgolf Callaway maintains FY guidance, Q2 net up 11 percent | China demand boosts Canada Goose Q1, but warns of slower Q2 | Anta Sports gets H1 sales lift from all segments, brands | Wolverine’s new CEO to spearhead turnaround as Q2 results tumble | Peloton Interactive takes steps to accelerate reach; Q4 loss shrinks | Asics raises FY outlook as H1 operating profit soars | Nike to open network of boutique fitness studios in the U.S. | Soft global footwear demand continues to impact Yue Yuen | Fila Holdings’ woes impacted largely by U.S. market | Descente’s Q2 rises by 36 percent | Acushnet paced by U.S., ball sales in Q2 | Champion drags down Hanesbrands in Q2 | Xtep Intl. nets H1 profit from Saucony business | GoPro captures momentum with entry-level cameras; reports Q2 loss | Xponential Fitness operating income ticks up 1 percent in Q2 | Björn Borg reports strong growth in e-commerce | Currency and costs weigh on Yonex’s Q1 results | Nautilus narrows Q1 operating loss despite lower sales | Mizuno generates record Q1 operating profit | Three running brands take top spots in StockX sneaker trades so far this year | NFL legend Tom Brady invests in British football club | Pentland Brands to simplify business structure
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News briefsDP World Tour announces revamped schedule and record prize fund
The DP World Tour has announced that the 2024 season will include 44 golf tournaments in 24 countries and a combined record prize fund of £117 million (€137m), excluding the four major championships. The new prize fund represents an increase of around £3.4 million (€4m) from 2023. The 2024 schedule ...
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News briefsTexhibition Istanbul to put climate change at center stage
The guiding theme of the next edition of Texhibition Istanbul is United for Climate in Textiles, referring to a collaborative effort within the textile industry to tackle environmental impacts and issues associated with climate change. Source: Texhibition Istanbul The fourth edition of the fabric and accessories show ...
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News briefsMyWhoosh to replace Zwift as host platform of UCI Esports World Championships
The Union Cycliste Internationale (UCI) has announced that the virtual cycling platform MyWhoosh will be the exclusive platform and organizer of the UCI Cycling Esports World Championships in 2024, 2025 and 2026. The partnership includes qualifying rounds and a final to be held on-site in Abu Dhabi, where MyWhoosh is ...
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News briefsCoe re-elected as World Athletics president for third and final term
British national Sebastian Coe was elected for a third term at the 54th World Athletics Congress in Budapest on Aug. 17. Under the World Athletics Constitution, this will be his final term as President. Ximena Restrepo was re-elected as a Vice President, joined by newly elected Vice Presidents Raul Chapado, ...
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News briefsNew Europe GM for Puma
Source: Puma Javier Ortega Puma has appointed Javier Ortega as General Manager Europe, effective Sept. 1, 2023. He will be responsible for Central Europe, France, the UK & Ireland, Southern Europe and Nordics, reporting directly to CEO Arne Freundt. Ortega, who has been with Puma since 2009 ...
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News briefsAmer reports best H1 since acquisition by Anta
Helsinki-based sports equipment manufacturer Amer Sports has recorded its best H1 since the company was acquired by a consortium of buyers led by the Chinese group Anta Sports Products Ltd. in 2019. Amer’s revenues rose by 37 percent to 13.27 million yuan renminbi (€1.77bn) for the six months ended June ...
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ArticleAnta Sports gets H1 sales lift from all segments, brands
Anta Sports Products Ltd. achieved a 32 percent increase in H1 operating profit to 7,623 million yuan renminbi (€1.02bn) for the six months ended June 30. Gross margin improved by 130 basis points to 63.3 percent from 62.0 percent, while profit attributable to shareholders increased by 40 percent to RMB ...
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Infographics & DataFIFA Women’s World Cup 2023 in numbers
How many goals? How many fouls? How many sponsors? How much revenue? Our latest infographic has all the numbers from the FIFA Women’s World Cup ’23
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News briefsVF appoints Chief People Officer
Source: VF Corp Brent Hyder, Chief People Officer VF Corp. has named Brent Hyder Chief People Officer (CPO), effective Sept. 5. Hyder will report to President and CEO Bracken Darrell and will be a member of the company’s leadership team. He succeeds Anita Graham, who departed to ...
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News briefsA look at Decathlon Spain’s FY 2022
In financial-year 2022, according to Spain’s Mercantile Register (as reported by CMDsport), Decathlon Spain generated sales of €1.869 billion (VAT excluded), 3.57 percent more than the €1.804 billion in the previous year. This is the highest total since 2018. The chain’s sales have been rising overall since 2018. There was ...
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News briefsBata India reportedly exploring partnership with Adidas for local market
Bata India said that it is exploring the opportunity of a partnership in its domestic market but had no developments to announce. ”We would like to inform that the company continues to explore opportunities for strategic alliance/collaborations/tie-up for the Indian market, and as and when matters arise that require disclosure, ...
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News briefsLadies European Tour opens performance institute with R&A
Women’s pro golf tour LET (Ladies European Tour) has launched a new LET Performance Institute (LETPI), supported by The R&A. The institute was officially launched at the AIG Women’s Open at the Walton Heath Golf Club in England on Aug. 12, in the presence of Olympic gold medalist Jessica Ennis-Hill. ...
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News briefsUYN opens its first U.K. store amidst international expansion plan
Italian brand UYN (Unleash Your Nature) has opened a store in Cambridge, its first in the UK. SGI Europe reported about this planned opening earlier this month while the brand was inaugurating another store in Peschiera, on Italy’s Lake Garda. The Cambridge store is located on Market Hill, in the ...
