All Sporting Goods Intelligence articles in Volume 34, Issue 47+48 – Page 3
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News briefsLululemon exceeds Q3 estimates but guides to softer Q4 performance
Lululemon had another strong quarter with both revenues and profits exceeding analyst estimates, but the group’s simultaneous Q4 outlook of 13 to 14 percent sales expansion sent Lululemon shares down by 2.8 percent in after-market trading yesterday. The group, which said early holiday sales were strong, is projecting total Q4 ...
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ArticleFrasers confident in strategy despite short-term challenges for premium lifestyle biz
UK retailer Frasers Group, which maintains its ambition to become the top sports retailer across the EMEA, reported a 12.6 percent increase in adjusted profit before tax (APBT) to £303.8 million (€354.6m) in H1/FY24 and said sales momentum in the early weeks of H2 were being driven by its Sports ...
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ArticleSigna insolvency proceedings: €5bn in liabilities
The restructuring proceedings with self-administration for Signa Holding GmbH were opened at the Commercial Court in Vienna on the evening of Nov. 29, 2023. According to the AKV creditor protection association, 42 service providers and 273 creditors are affected. According to the application, the debtor has assets with a book ...
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ArticleAlibaba’s president steps down from Farfetch board
J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...
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ArticleDutch business of JD Sports declared bankrupt
Sports Unlimited Retail, the parent group of Perry Sport, Aktiesport and Sprinter Netherlands, was declared bankrupt according to a notice that appeared on the Sprinter Netherlands retail site on Dec. 6, 2023. The Netherlands-based Sports Unlimited Retail is owned by the British JD Sports group. JD Sports acquired Perry Sport ...
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News briefsPuma collabs with US upcycler, launches textile-to-textile experiment
Puma has announced a new collaboration with US upcycler Andrew Burgess and his brand Vivid Visions, launching an experimental, one-of-a-kind capsule collection. Vivid Visions was founded on repurposing old textiles to create unique designs that have been endorsed and featured by NBA icons (Jayson Tatum) and US rappers (A Boogie ...
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News briefsNobis expands global presence with first stores in China
Nobis Inc, a Canadian outerwear and accessories brand available in over 35 countries in the Americas, Europe and Asia, announced the opening of three new stores in Beijing and Shanghai, marking the brand’s entry into the Chinese retail market. This expansion is the first step of a joint venture with ...
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News briefsPeloton CMO exits after less than a year
Source: Peloton Leslie Berland Peloton’s Chief Marketing Officer, Leslie Berland, has left her role at the fitness company to join telecom firm Verizon Communications. The move comes less than a year after Berland, who previously worked as CMO of Twitter (now X), joined Peloton in Jan. 2023. ...
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ArticleEU bans destruction of unsold textiles, footwear
The European Commission, Parliament and Council agreed on Dec. 4 on a new framework to make products sustainable by design.
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News briefsAmplid takes an artistic turn
German snowboard company Amplid has announced a collaboration with US-based artist Justin Moll a.k.a Dr. Wolfenbergen hailing from greater Philadelphia. The collab sees Amplid’s Singular and Singular Twin models adorned with the artist’s Lo-Fi and rough aesthetic style work. Video: Dr. Wolfenbergen Art Collab ...
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ArticleA minefield for legal disputes? Model names on websites
Does your online store conform to trademark rules? Our legal expert shares a cautionary tale.
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ArticleProwinter presents program of upcoming trade show in Bolzano
All the new features of the twenty-fourth edition of Prowinter, which will take place in Bolzano, Italy, from Jan. 10 to 12, 2024, were presented at a digital press conference this week. “At the request of the companies, the 2024 edition has been extended for an additional day,” said Geraldine ...
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News briefsXponential acquires metabolic health brand, partners with fitness and dance platform
Xponential Fitness has agreed to acquire the metabolic health brand Lindora. Under the terms of the transaction, Lindora’s 31 clinics will become Xponential franchise locations, and Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally. The transaction is expected to close in early 2024. Founded ...
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News briefsBogner opens first concept store in UK, two doors in the US
German luxury sports label Bogner announced the opening of its first standalone store in the UK in partnership with the London-based activity company The Bergladen Group. The five-storey store is located in the heart of London’s Mayfair neighbourhood and a clear sign for Bogner’s international expansion aspirations, having recently opened ...
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News briefsPuma is expanding its Re:Fibre textile-to-textile recycling technology
Puma has announced that it has scaled up its textile recycling innovation Re:Fibre and replace recycled polyester with its Re:Fibre technology in all Puma soccer kits for clubs and associations from 2024. Since the launch of the pilot project in 2022, where the brand produced recycled training kits for the ...
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News briefsChanges in UEFA women’s football and futsal
The UEFA’s Executive Committee has settled on an 18-club Women’s Champions League (up from 16), with three home matches, three away matches and knockout rounds. It is also establishing a second European competition for women’s clubs. These changes will be in effect for the 2025/26 season. For the women, as ...
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News briefsMacron announces major headquarters expansion
Italian sportswear brand Macron is investing in a new project that will see the construction of two new buildings in an area alongside its current headquarters in Valsamoggia, near the city of Bologna. The new campus will be a multifunctional complex featuring offices, showrooms, areas for material testing, production facilities ...
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ArticleSports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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News briefsNew £30 million fund to support grassroots women’s football in the UK
The UK Department for Culture, Media and Sport and The Football Association (FA) have announced a £30 million (€35m) fund for grassroots football in England. The Government is providing £25 million (€29.2m) in funding while The FA is contributing £5 million (€5.8m). The fund was inspired by England’s women’s national ...
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News briefsFrench Alps and Salt Lake City sole candidates for 2030 and 2034 Winter Games
The International Olympic Committee (IOC) has confirmed that the French Alps and Salt Lake City, Utah (US) are the sole candidates (“Preferred Hosts”) for the 2030 and 2034 Winter and Paralympic Olympic Games. The IOC will now start more detailed discussions with the National Olympic Committees (NOCs) of the two ...
