All Sporting Goods Intelligence articles in Volume 34, Issue 37+38
View all stories from this issue.
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 37+38
Nike says it’s “turning the corner” toward greater profitability | On’s 3-year financial outlook, aims to become “most premium, global sportswear brand” | SSU accelerates strategic realignment, delists shares from NYSE, new CEO | JD Sports on track for FY profit rise as premium sneaker demand holds up | Intersport Austria with record sales in crisis year 2022/23 | E-commerce sales continue to grow in Europe but at a slower pace | Lululemon and Peloton strike fitness content and apparel deal | Head climbs to number one in tennis racquet sales in Europe | Lululemon releases latest Impact Report | Carbios inaugurates textile recycling facility in France | Major Russian marketplace unveils ambitious plans for sporting goods retail development | Safilo and Amazon launch new smart glasses with Alexa for the US market | FIS joins Sports for Nature Framework | Recap of the Ski Industry Climate Summit 2023
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News briefsTexhibition attracts record number of visitors
The fourth edition of the Texhibition trade show, held at the Istanbul Expo Centre on Sept. 13-15, attracted more than 20,000 visitors from 112 countries, representing a 10 percent increase compared to the previous edition in March. International visitors were 4,091, a 44 percent increase from the latest edition. The ...
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News briefsSuperdry transfers IP for South Asia to joint venture with Indian retailer
India’s largest retailer, Reliance Brands Limited (RBL), through its wholly-owned subsidiary in the UK (RBUK), signed a definitive agreement to form a joint venture with British fashion brand Superdry PLC to acquire its intellectual property for the territories of India, Sri Lanka and Bangladesh, the company said in a statement. ...
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ArticleSports sunglasses market to grow at a CAGR of 7.3% by 2027
The sports sunglasses market is projected to grow at a compound annual growth rate (CAGR) of 7.3 percent from 2022 to 2027 and to post a 6.8 percent year-over-year growth rate in 2023, according to a recent 156-page report by research firm Technavio. Market growth is driven by the rising ...
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News briefsLululemon will reportedly cut 120 jobs amid Peloton partnership
Lululemon is reportedly undergoing a round of cuts after its new partnership with Peloton. According to reports by Footwear News and Forbes, Lululemon will lay off 120 workers who support its Lululemon Studio. Lululemon acquired Mirror, a home fitness start-up selling a wall-mounted device for workout classes, in 2020. Two ...
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News briefsAthletico Ventures launches its first collective investment vehicle
Athletico Ventures, a London-based venture capital firm, has announced the formation of Athletico Ventures Collective#1, its first collective investment vehicle. More than 40 elite athletes from various sports, technology figures, corporate executives and investors are involved in the collective. The list includes renowned names like French footballer and World Cup ...
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News briefsDecathlon and NBA announce extended merchandise partnership
Decathlon and the National Basketball Association (NBA) have announced a multiyear expansion to their existing merchandising partnership, encompassing a more comprehensive offering of officially licensed NBA products in Africa, Asia, Europe, the Middle East and Latin America. Decathlon was named official NBA licensee in January 2021. The sporting goods retailer ...
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ArticleOn announces ambitious 3-year outlook
At its investor day at On Labs in Zurich, Swiss sportswear brand On announced its financial targets for the next three years (FY 2026) and outlined the strategic building blocks to support its next phase of growth. Following On’s track record of strong growth and increasing profitability, the company intends ...
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ArticleCarbios inaugurates textile recycling facility in France
Green biotech company Carbios inaugurated its new textile preparation plant, a major innovation in polyester recycling, at the company’s demonstration facility in Clermont-Ferrand, France, on Oct. 2, 2023, in the presence of French Industry Minister Roland Lescure. To optimize the preparation of textiles for recycling, Carbios has developed a fully ...
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News briefsFanatics brings US collegiate fan merchandise to Europe
US apparel and collectibles powerhouse Fanatics has entered into a long-term agreement with Collegiate Licensing Company (CLC) to sell licensed fan merchandise in international markets. Fanatics will offer a wide range of products in the UK and beyond, including lifestyle apparel, hard goods and accessories. Under the agreement, Fanatics will ...
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News briefsBurton partners with HDry
According to Outdoor Retailer’s The Daily, Burton Snowboards has entered into a new partnership with HDry focused on expanding and advancing HDry’s direct 3D membrane lamination technology for waterproofing outdoor products. The HDry membrane is 100 percent PFAS-free and is manufactured without PTFE. It is also Oeko-Tex Standard 100 certified ...
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News briefsVuori plans IPO
California-based activewear brand Vuori, founded in 2015, is in talks with investment banks to prepare for an initial public offering next year, according to Bloomberg, citing sources familiar with the matter. Vuori’s recent $400 million investment from Softbank in October 2021 valued the company at $4 billion. According to the ...
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ArticlePuma ambassadors celebrate 75 years of sports history
Puma and some of its world-class ambassadors gathered at the company’s headquarters in Herzogenaurach, Germany, to share some of their most memorable moments in sports history over the past 75 years and celebrate the company’s anniversary. “I think along all these 75 years, one thing which has not changed at ...
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ArticleSigna Sports to delist from NYSE, new CEO in Q1/2024
After assuming in June that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is talking ...
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News briefsReorganization of ANWR's Executive Board completed
Matthias Grevener has left the Executive Board of the German ANWR Group eG on Sept. 30, 2023, after a total of 17 years and as the longest-serving member of the Board. He also resigned all his mandates within the ANWR Group of companies but will continue to be available to ...
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News briefsNew Balance phases out kangaroo leather
Just months after Nike and Puma’s announcements, New Balance has informed the Center for a Humane Economy that the company will also phase out its use of kangaroo hides and stop selling kangaroo-based shoes by December 2024. Kangaroo skins are commonly used to make soccer cleats. The Center for a ...
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News briefsAston Villa might terminate its partnership with Castore
Aston Villa is looking into options to cut its partnership with kit supplier Castore short, according to reports by The Telegraph, after players complained about the sportswear brand’s jerseys retaining sweat and affecting performance. Aston Villa and Castore debuted their partnership in the 2022/23 season when Castore succeeded Kappa as ...
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News briefsPuma calls on ambassadors to form the “Class of 23”
Puma, which was founded 75 years ago in 1948, has launched a beanie campaign called “Class of 23” to unite ambassadors from around the world who represent the close-knit Puma family. Each talent, from Neymar Jr. and Pamela Reif to Gianmarco Tamberi and Winnie Harlow, was captured in their own ...
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News briefsFabletics appoints new VP wholesale for Europe
California-based activewear brand Fabletics has appointed Thomas Fröhlke as its new Vice President of Wholesale Europe. Fröhlke previously spent four years as Sales Manager at UK-based Hunter Boots. With more than 14 years of experience in the industry, he has also worked at other well-known companies, including Canada Goose and ...
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Short stops
Short Stops Week 40, 2023
RETAIL & DISTRIBUTION +++ Norwegian-based ski manufacturer Stereo Skis, founded in 2008 and manufactured in Åre, Sweden, announced its official launch and debut to the US skiing market +++ Intersport has reportedly rolled out an AI platform supplied by Akeneo-owned Unifai to automatically standardize and categorize its product catalogs +++ ...
