All Sporting Goods Intelligence articles in Volume 34, Issue 43+44 – Page 2
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News briefsSport Conrad invests in automated warehouse and commissioning system
With a customized Autostore system including new peripheral solutions, the German multichannel retailer Sport Conrad is increasing its efficiency and equipping itself for the future. With 16 robots and around 16,000 bins, the system from global Autostore partner and worldwide intralogistics specialist Kardex is helping Sport Conrad’s warehouse in lffeldorf ...
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News briefsPuma introduces mismatched Gremlins shoe
Puma has announced an exclusive collaboration with Warner Bros. Discovery Global Consumer Products, bringing fans the Puma x Gremlins Hoops Capsule Collection featuring Gizmo and Gremlins leader Stripe from the classic 1984 Warner Bros. film. The mismatched pair of shoes features Gizmo on one side and Stripe on the other, ...
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ArticleBelow-average order fill rates continue to impact Yue Yuen
Profit attributable to Yue Yuen shareholders fell by 49 percent to $137.7 million from $270.1 million for the nine months ended Sept. 30, as sales declined by 14.1 percent to $5.99 billion from $6.97 billion. Manufacturing revenues declined by 20.9 percent year-over-year to $3.79 billion. Ebit sunk by 38 percent ...
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News briefsH&M Move releases lower-cost performance range for snow sports
The sportswear brand of fashion retailer H&M – H&M Move – has released a lower price point performance range, the Snow Collection. The multifunctional technical apparel is designed to “help more people find a route to the snow in 2023 and beyond.” Source: H&M Move “By ...
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ArticleSweet Protection and Kari Traa are realigning in Central Europe
The Norwegian sportswear and equipment company Active Brands is realigning its activities in Central Europe. The focus is on the two main brands Sweet Protection and Kari Traa in the DACH (Germany, Austria and Switzerland) market. The aim of Active Brands’ reorganization is to offer existing and new retail partners ...
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ArticleElevate Outdoor Collective fills further key positions
Elevate Outdoor Collective (EOC) announced some new additions and changes to its team around the group’s 12 brands (K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, BCA, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates). The first set of staff changes have been made in ...
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News briefsBSI officially voices support for ECHA’s planned PFAS ban
The Federal Association of the German Sporting Goods Industry (BSI) has officially voiced its support for the European Chemicals Agency (ECHA)’s planned ban on PFAS. Since February 2023, the ECHA has had a proposal on the restriction of the use of perfluorinated and polyfluorinated alkyl substances (PFAS), a group that ...
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News briefsDecathlon City Madrid Orense expands retail space with more experiential format
Decathlon has reopened the doors of its store in Madrid’s central Calle Orense after an expansion process, revealing a renewed and more experiential format. The store has increased its sales area by more than 50 percent to 780 sqm spread over two floors, offering customers a completely new, comprehensive experience ...
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News briefsPou Sheng nine-month results aided by stronger foot traffic
Operating profit at Pou Sheng, the retail subsidiary of Yue Yuen, increased by 51 percent to 515.7 million renminbi (€66.3m) for the nine months ended Sept. 30. Profit attributable to owners of the company rose by 224 percent to RMB 311.4 million (€39.9m) as retail foot traffic improved and the ...
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ArticleFootway Group presents reorganization plan
After the Swedish Footway Group AB filed for voluntary company reorganization in July, the company submitted a preliminary reorganization plan to its creditors at the beginning of November. The plan includes a proposal for debt relief of approximately 70 million Swedish kroner (€6.02m) and a new share issue of the ...
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News briefsZwift introduces new e-sports competition
After losing the hosting of the Esports World Championships to competitor MyWhoosh, Zwift has announced that it will host the “largest cycling e-sports event ever held”: the “Zwift Games,” a new multi-format competition open to the entire cycling esports community. The Zwift Games are designed to give every cyclist the ...
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Infographics & DataSporting goods industry trade shows in numbers
With ISPO Munich just weeks away, we take a look at the numbers behind some of the sporting goods industry’s key trade shows.
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ArticleDecathlon relies on renewable energies in China to achieve CO2 targets
Sporting goods retailer Decathlon brought together 14 industry partners in China with the China General Nuclear Power New Energy Group (CGN) in the Fujian Province on Nov. 7 to sign a power purchase agreement for renewable energy. With an investment of 1.4 billion yuan renminbi (€180m) by CGN, an offshore ...
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News briefsElevate Outdoor Collective with new distribution in Spain and Norway
As part of the realignment and unification of the distribution structure of Elevate Outdoor Collective (EOC), the group – which includes the brands K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – has now decided ...
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News briefsYonex H1 profit slips despite higher sales
Profit attributable to owners of the Japanese company fell by 21.4 percent to ¥4.4 billion (€27.1m) for the six months ended Sept. 30. H1 operating income also declined by 21 percent to ¥5.6 billion (€34.7m) despite a 15.2 percent year-over-year improvement in net sales to ¥57.7 billion (€356.5m). Yonex is ...
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ArticleDescente’s operating profit dips due to absence of one-time gain
Descente, without the benefit of a one-time gain it had in Q1, realized a 15.2 percent decline in operating profit to ¥4.15 billion (€25.6m) despite a 4.9 percent increase in revenues to ¥60.0 billion (€370.5m) for the three months ended Sep. 30. Sales of athleticwear improved in the period, but ...
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News briefsWeSports acquires RunningXpert, prepares Keller Sports relaunch with customer-centric concept
WeSports announced the acquisition of a stake in RunningXpert, a Danish running specialist that operates the stores Løbeshop.dk, Löparshop.se and RunningXpert.com. RunningXpert claims to be the leading running specialist in the Nordic region, with a turnover of €35 million in 2022. The company currently serves over 1 million active runners ...
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News briefsNike reportedly brings in Amazon Fashion President as CTO
Nike has appointed Muge Erdirik Dogan as its new Chief Technology Officer, Bloomberg reports, referring to an internal email. Dogan spent 16 years at Amazon, where she held various positions in different consumer categories and the delivery business before becoming President of Amazon Fashion and Fitness in 2021. Amazon announced ...
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ArticleAsics lifts FY outlook again as 9-month grows by 73%
Asics Corp. has raised its annual outlook three months after suggesting its financial year sales will likely reach a record high. The Japanese group is now forecasting annual revenues at ¥570.0 billion (€3.53bn), up 3.6 percent from an early August estimate, and FY operating profit of ¥52.0 billion (€321.8m), up ...
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ArticleSport 2000 Austria: Zentrasport’s reorganization proceedings closed
The restructuring proceedings with self-administration submitted by Zentrasport Österreich e.Gen. on Aug. 11 were successfully closed on Nov. 9, 2023, at the regional court in Wels. The creditors approved the restructuring plan. The original target ratio of 60 percent could not be fully met; creditors will receive a ratio of ...
