All Sporting Goods Intelligence articles in Volume 34, Issue 37+38 – Page 5
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News briefs
Freitag celebrates 30 years with a fake turned original
In the fall of 1993, two brothers made bags from used truck tarps in a Zurich apartment. Today, this has grown into a company that puts unique recycled bags on the road from Europe to Asia. The idea is to keep used materials in circulation for as long as possible ...
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Major Russian marketplace unveils ambitious plans for sporting goods retail development
Major Russian marketplace Lamoda plans to invest 30 billion rubles (€300m) over the next three years to open 300 brick-and-mortar stores in the country, partly taking over a former Adidas branch. The first 50 stores are expected to be operational by the end of 2023, a source close to the ...
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Adidas opens new state-of-the-art automated distribution center in China
Adidas has partnered with Geek+, a specialist in mobile robots for logistics, to announce the opening of its state-of-the-art automated distribution center in Suzhou, China. The 139,000-sqm fully automated warehouse and distribution center sets a new industry standard with its high level of speed and flexibility in warehouse logistics. It ...
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News briefs
Biotech company MycoWorks opens US factory for leather alternatives
Biotechnology company MycoWorks has begun production at its 12600-sqm factory in Union, South Carolina, making it the world’s first large-scale leather alternatives factory. The facility is capable of producing large quantities of the alternative leather material produced with Fine Mycelium technology. MycoWorks currently counts Hermès and General Motors among its ...
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Safilo and Amazon launch new smart glasses with Alexa for the US market
Amazon has announced upgrading its smart eyewear collection with the launch of seven new styles, including five Echo Frames models, its proprietary brand, and two designs by Carrera, a house brand of Safilo Group. It is the first time the Italian eyewear company has partnered with Amazon. All Amazon smart ...
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Lululemon releases latest Impact Report
In its third annual Impact Report, released Sept. 12, Lululemon provided a detailed account of progress and lessons learned from its multi-year strategies and commitments to advance the well-being of people and the planet. At the heart of the Power of Three ×2 growth plan is Lululemon’s Impact Agenda, which ...
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JD Sports on track for FY profit rise as premium sneaker demand holds up
JD Sports Fashion said it was on track for a 5 percent rise in annual profit as demand for premium leisurewear such as Nike Air Force One and Adidas Samba sneakers pushed half-year sales higher despite the cost of living crisis. The retailer said revenue grew 7 percent to £4.7 ...
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News briefs
Sportmaster launches Russia’s first sporting goods marketplace
Russia’s largest sporting goods retailer, Sportmaster, has rolled out the country’s first marketplace focused exclusively on the sale of sporting and outdoor goods. The service was launched on Sportmaster’s website in the form of a separate page. The marketplace does not yet have a standalone name, and so far only ...
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Russian sporting brand Putin Team Russia unveils expansion plans
Putin Team Russia, a major Russian sporting goods company, is negotiating to open its first stores in foreign markets, Dmitry Shiskin, the company’s owner, disclosed. The company plans to start with flagship stores in China, India, the United Arab Emirates and the countries of the CIS region. The brand is ...
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Coats and Lenzing join forces for Circle’s synthetic-free running shoe
Source: Circle Sportswear Circle Sportswear SuperNatural Runner Coats Footwear, a UK-based yarn and structural component manufacturing company, announced its collaboration with Lenzing Group, an Austrian manufacturer of specialty cellulose-based fibers for the textile industry. By combining Coats Footwear’s ProWeave™ technology with Lenzing’s Tencel™ lyocell filament, the two ...
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News briefs
Decathlon opts for internal solution for Germany CEO succession
Source: Decathlon Arnaud Sauret Following the promotion of long-time German CEO André Weinert to CEO for Central, Eastern and Southeastern Europe (CESEE), the French sporting goods retailer and manufacturer Decathlon has appointed Arnaud Sauret as his successor with immediate effect. Sauret has been responsible for Decathlon’s growth ...
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Article
Reebok unveils new premium sportstyle line in partnership with Farfetch's NGG
Reebok has unveiled Reebok LTD, a new premium line led by New Guards Group (NGG), with the goal of further elevating the Reebok brand through new products and collaborations. Reebok defines LTD as “a playground for creative evolution” under the motto “LEARN. TEST. DESIGN.” (LTD); a platform to unleash personal ...
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