All Sporting Goods Intelligence articles in Volume 34, Issue 31+32 – Page 5
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News briefsLululemon urged to decarbonize its supply chain
EcoAthletes, an advocacy organization representing 129 professional athletes, has signed an open letter to Lululemon asking the Canadian activewear retailer to phase out fossil fuels and commit to 100 percent wind and solar in its supply chain by 2030. According to EcoAthletes, in a letter which has been delivered to ...
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News briefsUK government unveils updated plans to minimize waste in textiles and other key sectors
The U.K. government has released a policy paper entitled “Maximising Resources, Minimising Waste,” which summarizes the actions it will undertake to maximize resources and minimize waste across a series of key sectors, including the textile industry. Through its Net Zero Strategy, the U.K. government is committed to the near elimination ...
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News briefsMizuno’s new running shoe features eco-friendly details
Japanese brand Mizuno is launching the new black edition of its sustainable Wave Neo collection. The Wave Neo running shoes use environmentally friendly materials such as recycled polyester and plant-derived materials. The new black color model also features Dope Dyed knit upper materials that use less water, reducing environmental impact ...
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Short stops
Short Stops Week 32, 2023
RETAIL & DISTRIBUTION +++ Footasylum has selected NewStore, a mobile-first omnichannel cloud platform for retail brands, to create a new omnichannel experience for its customers, which will also include the Talon.One loyalty automation solution +++ Lacoste has launched a virtual store on its website, showcasing its summer collection, powered by ...
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News briefsLatest 3D-printed performance shoe unveiled
Asics has once again partnered with 3D printing company LuxCreo to launch the second generation of its Actibreeze Hybrid Sandal. The performance sandal is designed for runners during rest and recovery periods and is the third footwear product from the successful partnership between LuxCreo and Asics. The ...
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News briefsElection results for Canada Goose’s Board of Directors
Canada Goose Holdings Inc. has announced the voting results from its annual meeting of shareholders, held on Aug. 4, 2023. The Board of Directors now comprises (in alphabetical order): Michael D. Armstrong, Joshua Bekenstein, Jodi Butts, Maureen Chiquet, Ryan Cotton, John Davison, Stephen Gunn, Dani Reiss, and Belinda Wong. All ...
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News briefsThe Athlete’s Foot launches new CSR program
The Athlete’s Foot has announced the establishment of its new community engagement initiative in EMEA: the Impact Council. The Council will serve as a collaborative space to foster ideas, identify new avenues for community betterment, and provide a rotating “seat” representing initiatives chosen or highlighted by the Council every half-year. ...
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ArticlePentland Brands to simplify business structure
Changes are underway at Pentland Brands, as the U.K. parent of a portfolio that includes Speedo, Ellesse, and Mitre among others, is reportedly restructuring the organization. Over the next six months, a program of simplification is expected to include: Re-focusing efforts on digital innovation and consumer engagement; moving Speedo’s global ...
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ArticleXponential Fitness operating income ticks up 1 percent in Q2
The global franchisor of boutique fitness brands, which signed a master franchise agreement for France during the period, reported a 1 percent increase in Q2 operating income to $36.5 million from $36.1 million. Net income attributable to Xponential Fitness rose by 9.2 percent to $18.4 million on 30 percent revenue ...
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ArticleNFL legend Tom Brady invests in British football club
American football legend, seven-time Super Bowl champion and entrepreneur Tom Brady has partnered with Knighthead Capital Management LLC to become a minority owner of Birmingham City Ltd. Brady will become chairman of the new advisory board and work directly with the board and members of the Birmingham City Football Club ...
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News briefsIndia’s leading fitness brand signs Bollywood superstar
Source: PRNewsfoto/Cult.fit Cult.fit onboards actor Ranveer Singh as brand ambassador Cult.fit, India’s leading health and fitness brand founded in 2016 by Mukesh Bansal and Ankit Nagori, announced Indian actor-superstar Ranveer Singh as its new brand ambassador, taking on the role of Cult.fit’s “Motivator in Chief.” The association ...
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ArticleAlpargatas still plagued by inefficiencies, high inventory levels
The Brazilian parent of flip-flop sandal brand Havaianas and the Rothy footwear brand continues to be challenged by high inventory levels in the South American market and inefficiencies in its overall operation that are impacting sales, margins, and profitability. Alpargatas reported a 53.1 million Brazilian reais (€9.9m) consolidated net ...
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News briefsLululemon creates “Mental Wellbeing Global Advisory Board”
Lululemon Athletica has announced the creation of a Mental Wellbeing Global Advisory Board, which is meant “to help the company develop best practices and influence a global conversation to improve mental wellbeing outcomes for both employees and communities around the world,” the company explained in a statement. The new advisory ...
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News briefsCrystal Palace hires creative lead for apparel line and fashion partnerships
Source: Crystal Palace F.C. Kenny Annan-Jonathan Premier League football club Crystal Palace has hired sports marketing expert Kenny Annan-Jonathan as creative lead, a newly created role and a first in English football. Annan-Jonathan is the founder and director of The MailRoom, a boutique sports marketing and management ...
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News briefsUnder Armour announces extensive yarn sourcing deal
Under Armour has signed a Memorandum of Understanding with Hemp Black, a subsidiary of Australian biotech firm Ecofibre, which will see Hemp Black provide specialty yarn to the sportswear brand for use in its performance apparel. The agreement, covering an initial three-year period, will also allow Hemp Black to invest ...
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News briefsAsics agrees on five-year extension with Cricket Australia
Asics has renewed its deal as the official apparel partner of Cricket Australia until 2028. The Japanese sportswear firm will continue to supply performance apparel and footwear to the Australian men’s and women’s teams. The partnership has been in place since 2011.
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News briefsUYN opens new Italian store ahead of further openings abroad
UYN is opening a new store in Peschiera del Garda, a resort town on Italy’s Lake Garda, not far from the city of Verona. The store is housed in the Padiglione degli Ufficiali (Officers’ Pavillion), a 19th-century building that comprises luxurious penthouses and a shopping gallery. The new store features ...
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Infographics & DataYear-on-year DTC sales growth 2022
How do the 2022 DTC sales at some of the biggest sporting goods companies compare with 2020 and 2021? We have the numbers for Nike, Adidas and more.
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ArticleNike to open network of boutique fitness studios in the U.S.
Nike is beginning to open a network of boutique gyms in the U.S. under the Nike Studios banner in partnership with FitLab, a fitness and sports lifestyle company that offers digital and gym experiences. The studios will be open to anyone over the age of 18. The move comes after ...
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ArticleChina demand boosts Canada Goose Q1, but warns of slower Q2
Strong post-Covid pandemic demand from China for parkas has helped Canada Goose beat revenue estimates for its first quarter, but the company warned of below-estimate sales in the current three months due to softer demand amid a tougher US economic backdrop. Continued momentum in Asia Revenue from its Asia-Pacific segment ...
