All Sporting Goods Intelligence articles in Volume 34, Issue 37+38 – Page 3
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News briefsNew study shows circular strategies can help brands grow while reducing carbon emissions
Confirming what many already suspected, a new study released by Trove and the impact intelligence platform Worldly has concluded that circular strategies can lead to significant carbon reduction in the fashion industry. The study, entitled Where Are Circular Models Effective Sustainability Strategies for Fashion Brands?, models the impact of resale ...
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News briefsGolf equipment market projected to grow at 4% CAGR by 2028
The golf equipment market, which was worth US$7.6 billion in 2022, is projected to post a compound annual growth rate (CAGR) of 4 percent during the period 2023–2028, according to a new report by Research and Markets. The growth will be primarily driven by the increasing popularity of golf, with ...
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ArticleRecap of the Ski Industry Climate Summit 2023
The recently concluded Ski Industry Climate Summit, hosted by Atomic, can be considered a significant milestone in the ski industry’s commitment to addressing climate challenges. The international congress, held Sept. 13-14, 2023, in Salzburg, Austria, gathered key stakeholders and witnessed remarkable progress towards a more sustainable future for winter sports. ...
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News briefsZalando creates VP of Creative Direction role
Zalando has appointed Morten Grubak as new Vice President of Creative Direction as of Oct. 1. Grubak will be responsible for the creative direction of the Zalando brand in the newly created role. Source: Zalando Grubak, who joins from the Vice Media Group where he led the ...
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News briefsDescente divests Le Coq Sportif for China
Japanese apparel company Descente is transferring the Le Coq Sportif brand for mainland China to its consolidated subsidiary Le Coq Sportif (Ningbo) Co, Ltd. for 4.9 billion Japanese yen (€31.1m). Le Coq Sportif (Ningbo) is 75 percent owned by Descente and 25 percent owned by Itochu Textile China and was ...
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News briefsPuma to sponsor Dux
Puma has signed a two-season deal to become the technical supplier for Dux Gaming, according to Esports Insider and Tradesport. Dux operates in both sports and e-sports, in the latter case competing in FIFA (EA Sports FC), NBA 2K and Formula One. In addition to such e-sports teams, Puma will ...
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News briefsDecathlon opens fifth Austrian store
Source: Decathlon/Romar Ferry Gábor Pósfai, Managing Director Decathlon Austria. Five years after the opening of the first Austrian store in the SCS Park in Vösendorf, the fifth Decathlon location is to follow on Sept. 29. Customers will find equipment and clothing for more than 70 sports on ...
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ArticleSkier Eileen Gu presents Bosideng's weightless down innovations in Milan
Chinese down jacket manufacturer Bosideng showcased its latest “Weightless Down Jacket” technology at a runway show during Milan Fashion Week at La Vigna di Leonardo. While Bosideng drew inspiration from the Italian Renaissance and the architecture of La Vigna di Leonardo, the featured collection was focused on ...
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News briefsChief Digital Officer Zalaznik to leave Adidas
Germany’s Manager Magazin reported that Adidas’ Chief Digital Officer Scott Zalaznik will be leaving the company. His successor will be Tobias Seemann, who joins Adidas as Senior Vice President Global Digital and eCommerce in October. Seemann already worked at Adidas as SVP Commercial Europe from 2020 to 2022 and before ...
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News briefsJD closer to buying Courir
The acquisition of Courir has advanced to the next stage, with JD Sports Fashion signing an agreement to make the purchase for €520 million, as CMDsport reports. The sum is to comprise €325 million in cash and €195 million in redemptions. The deal remains subject to regulatory approval but is ...
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ArticleIntersport Germany invests in climate neutrality at its HQ
An important milestone in Intersport Germany’s holistic sustainability strategy is the expansion of renewable energies at HQ in Heilbronn. To ensure a self-sufficient energy supply and reduce CO2 emissions, the company is investing a total of up to €10 million in the renovation of approximately 20,000 square meters of roof ...
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News briefsPeloton Appoints SVP of Apparel & Accessories
Peloton has named Cédric Fletcher as its new Senior Vice President of Apparel and Accessories. Fletcher has held leadership positions at several apparel and sporting goods companies, most recently as Chief Product Officer at men’s apparel brand True Classic. Prior to that, he was Chief Merchandising Officer at Under Armour ...
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News briefsVölkl creates role of Global Brand Business Director
Source: Völkl Markus Knipschild, Global Brand Business Director Völkl Already since June 1, 2023, Markus Knipschild has been in charge of the strategic orientation of the traditional German ski brand Völkl as Global Brand Business Director. The newly created position focuses exclusively on the Völkl brand, which ...
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News briefsPuma’s Voices of a Re:Generation initiative sees addition in India
Source: Puma Aishwarya Sharma Puma has expanded the regional reach of its Voices of a Re:Generation initiative beyond Europe and the U.S., adding Indian sustainable fashion advocate Aishwarya Sharma to the project. Sharma is part of Puma’s list of thought leaders in the year-long project, which aims ...
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News briefseBay's new financing option supports circular fashion solution providers
eBay UK has announced a partnership with the British Fashion Council to launch the Circular Fashion Innovator’s Fund, offering £100,000 (€150,000) in funding for small businesses specializing in circular fashion solutions. The fund hopes to bring new technology and services to the market that will make people think and shop ...
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q2 2023
Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.
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News briefsAdidas sues LIV Golf over trademark infringement
Adidas has filed a petition with the Trademark Trial and Appeal Board of the U.S. Patent and Trademark Office against five trademark applications filed by LIV Golf, the Saudi Arabian professional golf league whose CEO is former professional golfer Greg Norman. Adidas claims that the “L” in LIV Golf’s logo, ...
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News briefsLeather Naturally launches a digital exhibition highlighting leather circularity
Leather Naturally has launched a digital exhibition that is meant to spotlight and celebrate the role that leather plays in a circular, sustainable economy. Featured brands include Adidas, Puma, Coach, Dr Martens, Schott NYC, Ecco, Dents, The Boot Repair Company, Leather Repair Company, Chicago School of Shoemaking, Anya Hindmarch, and ...
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ArticleReport says sports brands leave Cambodian laborers languishing in poverty
Source: ActionAid Cambodia Workers Report The Covid-19 pandemic had a catastrophic impact on the workers employed in garment factories across Cambodia. In early 2020, workers already earned below the living wage and relied on overtime pay to cover their basic needs. By the end of the year, ...
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ArticleFIS joins Sports for Nature Framework
The International Ski and Snowboard Federation (FIS) is the latest sports organization to join the Sports for Nature Framework. The Framework was launched late last year at the UN Biodiversity Conference in Montréal and now counts 40 sports organizations among its signatories. These are organizations of all sizes from around ...
