All Sporting Goods Intelligence articles in Volume 34, Issue 43+44
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 43+44
Adidas inventory cuts improve; sees strong demand for Samba, Gazelle | On Holding maintains lofty objectives despite moderating wholesale revenues | Wolverine Worldwide lowers outlook as overhaul moves forward | Asics lifts FY outlook again as 9-month grows by 73% | Under Armour drops FY sales outlook on continued US woes | Topgolf Callaway reports earnings decline, lowers forecast | Canada Goose lowers FY24 outlook, increases reliance on DTC | FilaHoldings’ results hurt by challenges in US, Korea | Descente’s operating profit dips due to absence of one-time gain | CoDi sells Marucci Sports to Fox Factory | Intersport Germany sells Sport Voswinkel to Italian retailer | Nike Inc. makes executive changes to help “reimagine sport for the next generation of athletes” | Sport 2000 Austria: Zentrasport’s reorganization proceedings closed | Peloton Interactive aims to spin in right direction, but share price dips | GoPro expanding retail network, camera range | Acushnet’s Q3 operating income up 3.4 percent | Crocs taking steps to reset Heydude business | Alpargatas reports Q3 loss despite improving trends | Lower costs, inventory benefit Grupo SBF in Q3 | Below-average order fill rates continue to impact Yue Yuen | Elevate Outdoor Collective fills further key positions | Sweet Protection and Kari Traa are realigning in Central Europe
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ArticleFila Holdings’ results hurt by challenges in US, Korea
Fila Holdings’ constant-currency operating profit declined by 20.6 percent to KRW 92,563 million (€65.2m) for the period ended Sep. 30. Q3 net income slipped by 35.7 percent to KRW 57,743 million (€40.7m) with a KRW 98,906 million (€69.6m) profit at Acushnet, offsetting a quarterly net loss of KRW 6,343 million ...
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News briefsAllied Feather + Down bringing its down apparel to European market
Allied Feather + Down (AF+D) and MN Inter-Fashion – manufacturers of high-performance luxury outerwear – are expanding the availability of Allied Feather + Down outerwear collection into the European market. Source: Allied Feather + Down The Snowfield bulky down jacket in icicle Originally released only in ...
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News briefsNew name for Rentle, expansion into resale
Finnish retail rental specialist Rentle, which lists Decathlon, Rab and Scandinavian Outdoor, amongst others, as customers, has changed its name to Twice Commerce. The name reflects the platform’s expansion from purely rental into resale. There will be no change in the rental platform, but brands can now benefit from the ...
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News briefsSale of Marucci Sports completed
Compass Diversified (CoDi) has completed the previously announced sale of its majority-owned subsidiary, Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC, to Fox Factory Holding Corp. The sale price was based on an enterprise value of $572 million, subject to certain working capital and other adjustments. After these ...
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News briefsNapapijri appoints Christopher Ræburn as Creative Director
Napapijri has appointed British fashion designer Christopher Ræburn as Global Creative Director. In this role, Ræburn will be responsible for making the brand more design-oriented and even more sophisticated, as well as placing great emphasis on responsible materials and innovation. The British designer became Artistic Director at the Swiss company ...
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News briefsTiger Woods team rounds out the TGL six
Tiger Woods will be fielding a golf team come January, according to Front Office Sports. Along with David Blitzer, who has stakes in a variety of professional sports clubs in the US and Europe, Woods is founding a franchise – the last of six – in the new TGL league, ...
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News briefsPadel players association complains to the FIP
The Professional Padel Association (PPA) has taken issue with the manner in which the International Padel Federation (FIP) is handling its tournaments. In a press release on its website, the PPA alleges “irregularities” in player draws and in the allotment of points and prize money. For instance, in the recent ...
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News briefsDynastar celebrates 60 years with sustainable Hybrid Core 2.0 ski construction
Dynastar celebrates its 60th anniversary in 2023. The French brand, which is part of the Rossignol Group, has set itself the goal of continuing to lead the way in high-end ski performance while carving a more sustainable path forward for itself and for the ski industry. Part of this strategy ...
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News briefsBowflex reports improved results despite soft sales
The Q2 operating loss at Bowflex, the former Nautilus, was 22 percent less than the year-ago quarter at $11.2 million versus a loss of $14.3 million for the period ended Sep. 30. The loss from continuing operations, meanwhile, shrunk by 18.0 percent to $12.5 million from $15.3 million. Gross margin ...
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ArticleWorld’s top pádel retailer optimistic despite glut
360° Padel Group has reduced its current year revenue forecast to €62 million, according to CMDsport, as the industry-wide inventory glut has sparked a margin-narrowing price war. However, by the end of 2023, it hopes to be operating more than 500 physical stores between its Pádel Nuestro and Pádel Nuestro ...
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News briefsNike announces 9% increase in quarterly dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.370 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 9 percent versus the prior quarterly dividend rate of $0.340 per share. The dividend declared today is ...
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ArticleOn Holding maintains lofty objectives despite moderating wholesale revenues
The Swiss company On Holding, which intends to double its net sales by 2026, increase its gross profit margin to above 60 percent and push its adjusted Ebitda above 18 percent, is only forecasting high-single-digit wholesale growth in Q4 2023. Direct-to-consumer sales (DTC), meanwhile, are expected to continue their torrid ...
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ArticleNike Inc. makes executive changes to help "reimagine sport for the next generation of athletes"
Nike Inc. announced on Nov. 14 leadership changes that “will continue to build on its strong momentum and deep commitment to serving athletes with product innovation, design excellence, and powerful storytelling while imagining the future of sport and serving consumers at speed and scale.” Reorganization of innovation and design teams ...
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News briefsGoPro hires SVP of Engineering
GoPro has appointed Vince Nakayama as Senior Vice President of Engineering, effective immediately. Nakayama will provide strategic leadership for GoPro’s entire engineering organization, including hardware, software and cloud. He has extensive experience in creating value at the intersection of hardware, software and user experience, most recently as Vice President of ...
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ArticleVF Corp publishes Environmental and Social Responsibility Report 2023
Source: VF Corp Under the title “Purpose. Driven.” VF Corp has published its Environmental and Social Responsibility Report for the 2023 financial year. The comprehensive report emphasizes the key areas that VF focuses on: People, Planet and Product. Topics covered in the report include gender parity, racial ...
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News briefsNew polyester textile regeneration company formed
Building on its technology partnership with IBM and Under Armour, Technip Energies, which is listed on Euronext Paris with American depositary receipts, has announced the creation of Reju, a company focused on PET (Polyethylene terephthalate) recycling (rPET) of textiles. The new company’s focus is thus on creating new solutions at ...
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News briefsOn presents apparel collection made from carbon emissions
Source: On Pace Tank The release of the new Pace Collection is a significant moment in Swiss sportswear brand On’s journey to move away from petroleum-based resources after creating a new material called CleanCloud, made using carbon emissions as a raw material. With CleanCloud, On aims to ...
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ArticleLower costs, inventory benefit Grupo SBF in Q3
Grupo SBF, which operates Brazil’s top sporting goods chain in Centauro, received a lift from lower expenses, growth within its digital channel, and lower inventory levels in Q3 ended Sep. 30. The group reported a 216 percent increase in year-over-year operating income to 168.6 million Brazilian reais (€32.1m) as net ...
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News briefsNew sustainable Lycra fiber
The Lycra Company announced the launch of the new Lycra FiT400 fiber for knits, which helps set the stage for circularity, a key priority for the company. Lycra’s latest EcoMade offering is a bicomponent fiber engineered to optimize the performance and comfort of knits. According to the company, it delivers ...
