All Sporting Goods Intelligence articles in Volume 34, Issue 45+46
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 45+46
Foot Locker takes measures to reach two types of holiday shoppers | Asics sets FY26 targets, eyes operating margin of 12 percent | EssilorLuxottica adds Swedish eyewear brand Bliz to sports portfolio | Strong e-commerce sales bolster Björn Borg results | Latest StockX report gives an insight into what sneakerheads want | FESI welcomes EU Council’s latest steps towards gender equality in sports | How Sport 2000’s “One Sport” strategy is evolving | France announces physical activity and sport as 2024’s “Grande Cause Nationale” | Snowboard brand Forum returns to Europe | Digitalization is key for 85% of European SMEs, but gaps in tech adoption
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ArticleFoot Locker takes measures to reach two types of holiday shoppers
Saddled with a 10.5 percent year-over-year increase in inventory but also gaining some traction with customers seeking innovation and latest trend products, Foot Locker has taken strategic steps to reach both deal-seeking customers and others who want premium, on-trend items from key brands such as Nike, Puma, New Balance and ...
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News briefsSports bicycle market to grow at a CAGR of 6.19% from 2022 to 2027
The sports bicycle market is expected to grow at a compound annual growth rate (CAGR) of 6.19 percent from 2022 to 2027, according to a new 160-page report by research firm Technavio. Growth is driven by increasing fuel prices, which boost the demand for sports bicycles. Most Europeans now use ...
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News briefsPSG store in New York will move to expanded 5th Avenue location
Following the success of its Fifth Avenue store in New York City, French football club Paris Saint-Germain (PSG) and its partners, Fanatics and Lids, will be moving to a larger location at 535 5th Avenue on Dec. 15. The previous store closed on Nov. 25 and will reopen in the ...
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News briefsPentland adopts new software for traceability
Pentland will be using Segura’s software-as-a-service (SaaS) package to map and monitor the entirety of its supply chain for “transparency and traceability.” The system will also serve to ensure that suppliers abide by its principles of sustainability. Customers will have some view of the results, as Pentland says the system ...
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News briefsEngland and Wales Cricket Board signs up to the UN’s Sports for Climate Action Framework
The England and Wales Cricket Board (ECB) has launched its new Environmental Sustainability Plan for Cricket. The national governing body has identified three priorities for action across the game in England and Wales: Tackling climate change, managing resources, and protecting and enhancing the natural environment. As part of this broader ...
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ArticleAsics sets FY26 targets, eyes operating margin of 12 percent
Asics Corp. has raised its profitability and sales bars in a new three-year strategy unveiled this week. The Japanese company wants to achieve a 12 percent operating margin in 2026 on 7-10 percent sales CAGR over forecasted FY23 revenues of ¥570 billion (€3.51b). To achieve those objectives, the group says ...
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News briefsCanada Goose acquires its first European factory
Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania. These will now become the brand’s first factory in Europe. Its other seven factories are all in Canada. Paola Confectii has been supplying knitwear to Canada Goose since its founding in 2017. Its General Manager, Giannino Lessi, ...
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News briefsLacoste teams up with The Sandbox on a Web3 experience
On its 90th anniversary, French fashion firm Lacoste will step into the virtual world after agreeing on a partnership with The Sandbox, a gaming virtual world and subsidiary of Chinese game software company Animoca Brands. The Sandbox team has collaborated with Lacoste to create the Lacoste World Tour, a multiplayer ...
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News briefsHanesBrands receives $20.5 million insurance compensation for 2022 ransomware attack
HanesBrands Inc. has received $20.5 million in insurance compensation for the 2022 ransomware attack that cost the company around $100 million in global sales. The apparel manufacturer disclosed the insurance payout in its third-quarter regulatory filing with the U.S. Securities and Exchange Commission (SEC), as the payment represents compensation for ...
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News briefsUnited Sports Brands acquired by private equity firm
California-based United Sports Brands (USB), the parent of Pearl Izumi, Shock Doctor, McDavid, Cutters, Nathan and Glukos, has been acquired by US private equity firm Norwest Equity Partners. The transaction closed on Nov. 20, 2023, and financial terms were not disclosed. Norwest’s history with USB brands dates ...
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News briefsKappa partners with the iconic 24 Hours of Le Mans
Italian sportswear brand Kappa has unveiled a new partnership with the Automobile Club de l’Ouest (ACO), the French organizers of the iconic 24 Hours of Le Mans. The new three-year deal, starting in 2024, will see Kappa as the Official Sportswear Dresser of the event. The contract was negotiated by ...
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News briefsMacron welcomed partners from four continents at its Club&Federation Meeting
Italian sportswear firm Macron welcomed executives, club managers and coaches from national and international partner federations to its Macron Club&Federation Meeting 2023. The event was held on Nov. 13 and 14 at the Macron headquarters in Valsamoggia, near Bologna. It gathered together 129 guests from 69 clubs and federations coming ...
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News briefsDecathlon acquires Bergfreunde from Backcountry
Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The transaction is still pending ...
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ArticleFESI welcomes EU Council’s latest steps towards gender equality in sports
The Federation of the European Sporting Goods Industry (FESI) has welcomed the steps taken by the European Council in recognizing the importance of gender equality in sport, calling it a “significant stride” towards the implementation of the recommendations set forth in FESI’s StrongHer manifesto. FESI commended the Council for its ...
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News briefsNorwegian Supreme Court rejects appeal: Rottefella wins patent dispute
Source: Rottefella Torstein Myklebostad, CEO of Rottefella After Rottefella was victorious last summer in a patent lawsuit against Amer Sports and its Salomon and Atomic brands, the Norwegian Supreme Court has now rejected Amer’s appeal, bringing the long-standing patent dispute over an adjustable cross-country ski binding system ...
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News briefsANWR launches new sports and outdoor trade show format
The German footwear buying group ANWR has launched a new trade show format focusing on the sports and outdoor footwear segment. The new ANWR Order Lifestyle-Sport & Outdoor show will be held on Dec. 12 and 13, 2023, in ANWR’s Mainhausen Campus, near Darmstadt. So far, around 50 exhibitors have ...
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News briefsHeiQ welcomes new Non-Executive Director from Lenzing
Source: HeiQ Robert van de Kerkhof Robert van de Kerkhof will join the Board of Directors of HeiQ plc as a Non-Executive Director with effect from Jan. 1, 2024. He will also become Chairman of the Environmental, Occupation, Health & Safety and Sustainability Committee and join the ...
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ArticleSnowboard brand Forum returns to Europe
Austrian board sports and lifestyle specialist Blue Tomato, part of the portfolio of US retailer Zumiez since 2012, is exclusively bringing the snowboards and snow and streetwear from US company Forum back to Europe. The brand went off the market in 2014 and relaunched exclusively online in 2022 in the ...
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News briefsFootway employees and board members acquire significant stake in the company
Shortly after the company submitted a preliminary reorganization plan to its creditors at the beginning of November, Swedish Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the company’s shares. The transaction comprises a total of approximately 8.8 million ...
