All Sporting Goods Intelligence articles in Volume 34, Issue 33+34 – Page 3
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News briefsTuomas Oijala appointed CEO of Spinnova
Source: Spinnova Tuomas Oijala Finnish sustainable materials company Spinnova’s Board of Directors has appointed Tuomas Oijala as CEO, effective January 1, 2024. Oijala comes from a long and successful career at Kone Corporation, a Finnish industrial company listed on the Helsinki Stock Exchange and one of the ...
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News briefsCrocs hires senior research analyst to oversee strategic growth initiatives
Source: Crocs Erinn Murphy Crocs has hired Erinn Murphy as Senior Vice President, Investor Relations and Corporate Strategy. She will join the company’s leadership team effective Sept. 5, reporting directly to Crocs, Inc. Executive Vice President and Chief Financial Officer Anne Mehlman. Murphy joins the company from ...
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News briefsQuiksilver pays tribute to Surfers of Fortune cult film with new collection
Quiksilver has released its latest apparel collection, Surfers of Fortune, a surf-core line inspired by the iconic 1990s Quiksilver film of the same name. The limited edition line includes boardshorts, jackets and T-shirts that embody the ideas and designs of Surfers of Fortune. The film had a significant impact on ...
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ArticleKlarna’s losses narrow
Swedish payment and shopping service provider Klarna’s total revenue for the second quarter was 5.5 billion Swedish krona (€464.6m), up 17 percent year-on-year, with a loss of SEK 0.9 billion (€76.0m), compared to SEK -3.8 billion a year earlier. “A year ago, we promised to become profitable again, and ...
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ArticleOn officially announces entry into tennis category ahead of US Open
Source: On Tennis star Roger Federer joined On in 2019 Following its sixth consecutive quarter of record-breaking growth, Swiss sportswear brand On celebrated its entry into tennis last week with a community-focused event at Fort Greene Park in Brooklyn, New York. On Aug. 23, just days before ...
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News briefsPou Chen with further layoffs in Vietnam
Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was ...
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ArticleRussia confirms plans for BRICS Games in 2024
The Russian President has confirmed the organization of the BRICS Games in 2024. BRICS is a political alliance comprising Brazil, Russia, India, China and South Africa. The BRICS Games is an annual multi-sport event organized by the countries of the alliance. The event is usually organized by the country that ...
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News briefsPalestine Olympic Committee partners with Senegalese sportswear firm Jsports
The President of the Palestine Olympic Committee (POC), Jibril Rajoub, has signed a three-year uniform sponsorship deal with Jsports, a sportswear firm based in Dakar, Senegal. The agreement was signed at the POC headquarters in Ramallah in the presence of POC Secretary General Abdul Majid Hijjeh and JSports representative Djamil ...
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News briefsDecathlon adds a new market with first store in Panama
Decathlon is about to open its first store in Panama in partnership with La Forme, a joint venture of local retail groups Bennu (formerly Phoenix Group) and Dormen, Modaes has revealed. The store will be located in the Multiplaza Pacific shopping mall. Panama has a population of 4.4 million and ...
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News briefsU.K. government launches investment scheme for women’s sports
The U.K. Department for Business and Trade (DBT) has announced the inaugural Women’s Sport Investment Accelerator, a new initiative to boost women’s sports, in association with Deloitte’s Sports Business Group. The scheme, supported by the International Working Group (IWG) on Women and Sport, will run for a year starting from ...
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News briefsErima with new executive for sales and marketing
Source: Erima Andre Bachmann On Aug. 17, Andre Bachmann has joined the team at German team sports apparel manufacturer Erima as Managing Director of Sales and Marketing. In the past, Bachmann was responsible for managing the field and office sales of all group brands as the long-standing ...
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News briefsSports Direct working to improve female representation in football
Sports Direct is launching an “Equal View” campaign, which seeks to improve the representation of football fans and grassroots football following the success of this summer’s FIFA Women’s World Cup 2023. The retailer, owned by parent company Frasers Group, has worked with Getty Images to create a free bank of ...
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News briefsLimonta acquires Korean textile firm BATM
Italian textile company Limonta has announced the acquisition of BATM Co., Ltd., a Seoul-based firm that offers textiles for sportswear developed and produced in South Korea. The acquisition is meant to strengthen Limonta’s presence in Asia while enhancing its offer of innovative textiles for the world of fashion and luxury, ...
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ArticleDecathlon UK continues to grow despite challenging economic conditions
Decathlon has announced its 2022 full-year results for the UK, showing a 6 percent increase in sales despite the pressure of double-digit inflation across Europe, as the company continues to invest heavily in developing its business model. While consumer confidence hit its lowest level in 40 years, Decathlon UK increased ...
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ArticleDecathlon Germany's boss promoted to run Central, Eastern and Southeastern Europe
Decathlon, the sporting goods manufacturer and retailer with headquarters in France, has appointed André Weinert as its new CEO for Central, Eastern and Southeastern Europe. With immediate effect, the former CEO of Decathlon Germany thus assumes responsibility for 17 countries in which Decathlon is represented. Source: Decathlon ...
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News briefsFormer Nike exec to head Fanatics’ Mitchell & Ness
Source: Fanatics Eli Kumekpor Mitchell & Ness, the vintage and lifestyle sportswear brand acquired by Fanatics in 2022 along with a strategic ownership group comprised of some of the most prominent names in sports, entertainment and business, including Jay-Z, Maverick Carter, the D’Amelio family and others, has ...
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ArticleCrisis shapes Russian sporting goods retail
Russian sporting goods retail underwent tectonic changes as several of the world’s leading brands pulled out from the country, and numerous businesses struggled to fill the gap, a marketing study conducted by the Moscow-based consultancy Retailer showed. Adidas, Nike, Reebok and Decathlon’s departure from Russia triggered a 40 percent slump ...
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News briefsPerformance Days exhibitor list now online
The exhibitor list for the upcoming Performance Days in Munich (Oct. 4-5) is now available on the show’s website. If you want to plan your visit in advance (remember that the event will occupy two halls this time, with a brand new segment: footwear), take some time to browse the ...
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ArticleNew digs for a Spanish court manufacturer
AFP Courts is hastening to complete a project that – to the exclusion of raw-materials procurement – will focus its entire operation at a single site, according to CMDsport. Situated in Barcelona, the facility encompasses 10,500 square meters, with 3,500 going towards the factory and the remaining 7,000 towards a ...
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ArticleTangshan Sanyou pledges to increase production of low-carbon fibers
Leading man-made cellulosic fiber (MMCF) manufacturer Tangshan Sanyou, textile-to-textile recycling company Renewcell and environmental non-profit Canopy announced at the Shanghai Yarn Expo their joint commitment to increase production of circular, eco-friendly MMCF from recycled textiles in China. Sanyou has committed to increasing the production of low-carbon circular fiber up to ...
