All Sporting Goods Intelligence articles in Volume 34, Issue 49+50
View all stories from this issue.
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 49+50
Nike eyes innovation, cost cuts to drive future results | Analysis: The world’s biggest sports retailers | Analysis: The top sporting goods industry performers by sales and profits in Q3 2023 | Asics sells outdoor subsidiary to Chinese investor | EU adopts supply chain directive | Manchester United reaches agreement for Ratcliffe to acquire 25% of shares | Pádel Nuestro ups its year-end sales forecast | A year in review for padel | Arena has become a Benefit Corporation | China’s Bosideng takes strides toward net zero emissions and sustainable fashion | Zeal Optics introduces Re-Shred recycled goggle initiative
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Short stops
Short Stops Week 52, 2023
RETAIL & DISTRIBUTION +++ Adidas has opened a new 120 sqm stadium-style store in the Urban Square Mall in Udaipur in the western Indian state of Rajasthan +++ PRODUCT & MARKETING +++ Puma has launched its latest high-performance apparel and footwear, the Puma Fit collection and Pwrframe TR3 ...
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ArticleManchester United reaches agreement for Ratcliffe to acquire 25% of shares
After English soccer club Manchester United announced in November 2022 that its board was considering “strategic alternatives” to support the club’s future growth and success, Qatari investors briefly expressed interest in February of 2023. Last September, however, the Glazers family announced that they were taking the club off the market ...
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News briefsIntersport Austria retailers pleased with successful Christmas business
Source: Intersport Austria The Alpine Ski and Service segments performed exceptionally well during the Christmas period In hardly any other industry, the weather influences the buying mood of Austrians as much as in sporting goods retail. The arrival of winter on the first weekend of Advent gave ...
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News briefs361° signs NBA champion Nikola Jokić
After winning the NBA championship and a successful start to the new season, Denver Nuggets superstar Nikola Jokić has officially signed a footwear deal with Chinese sports footwear brand 361° and will take on the role of Global Brand Ambassador. Born and raised in Sombor, Serbia, Jokić was drafted by ...
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AnalysisThe world’s biggest sports retailers
Our annual analysis of the world’s largest sports retailers has the revenue of 50 companies and ranks their growth compared with last year.
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News briefsNike sues sneaker influencer Cedaz
Nike is suing Florida-based social media influencer Eben Fox, who goes by the alias of “Cedaz,” for alleged trademark infringement, counterfeiting and related causes of actions. The lawsuit was filed in US District Court Middle District of Florida - Tampa Division on Dec. 15. According to Nike, Cedaz has been ...
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News briefsElan partners with Crion for sustainable mountain experiences
Slowenian ski company Elan announced that it has formed a partnership with Crion, a community founded in 2018 from the shared passion of two mountain-loving ski instructors. The community now brings together over 12,000 travelers, professionals and local experts who enable authentic mountain experiences in the Alps. Crion aims to ...
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ArticleCOP28: Outdoor & sports industries put reconnection with nature and physical activity on agenda
Read here how COP 28 went for representatives from the sporting goods and outdoor industry.
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News briefsMayden returns to Jordan as Chief Design Officer
Nike Inc. has named Jason Mayden as Chief Design Officer for the Jordan brand. He returns to the brand where he started as the very first design intern 23 years ago. Most recently, Mayden served as President of Fear of God Athletics from 2020 to late 2022. He previously spent ...
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News briefsPeak Ski promotes Catie Park to business development director
Source: Peak Ski Company Catie Park Montana-based Peak Ski Company has promoted Catie Park to Director of Business Development and Special Projects. Park most recently served as Retail Manager at Peak. “Catie’s passion for all things outdoors and the mountains, including skiing, hiking, and backcountry adventures, makes ...
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News briefsManagement changes at Alibaba
Chinese e-commerce giant Alibaba Group has announced the appointment of Eddie Yongming Wu as Group CEO and Chairman of Taobao and Tmall Group with immediate effect. He will also serve as CEO of the two subsidiaries. He replaces Daniel Zhang, who is resigning from the group’s executive positions to focus ...
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News briefsNordica launches US Connect Tour
Nordica announced The Connect Tour for the US market, a multi-resort national tour for women to help connect and build communities through group ski days. “Skiing makes people feel alive. We want to share that joy with others and help them connect with a new ski buddy,” explains Carly Driscoll, ...
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News briefsEU court finds in favor of Super League
“The FIFA and UEFA rules on prior approval of interclub football competitions, such as the Super League, are contrary to EU law,” the Court of Justice of the European Union has ruled. FIFA and UEFA may not subject “any new interclub football project” to their prior approval or prohibit clubs ...
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News briefsCoDi receives $75.2m through private placement
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
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ArticleNike eyes innovation, cost cuts to drive future results
Citing increased macroeconomic headwinds around the globe, particularly in the EMEA and Greater China, Nike is stepping up its strategic approach to innovation and numerous cost-cutting measures to improve its financial results in the coming quarters. That effort will include greater emphasis on product newness and opportunities to slash ...
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ArticlePolar releases “2023: Reflected”, showing physical activity, sports, and sleep trends
Polar Electro announced the release of its “2023: Reflected” report, revealing global activity, sports, and sleep trends. With walking emerging as the second most tracked activity globally, this year’s findings confirm the commitment to moderate-intensity physical activity to stay active and nurture personal wellness. Walking makes up nearly 16 percent ...
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ArticleEU adopts supply chain directive
On Dec. 14, the Council and the European Parliament agreed on a preliminary version of the Corporate Sustainability Due Diligence Directive (CSDDD) and drafted a much stricter law than the German Supply Chain Due Diligence Act (LkSG), which already applies to large companies. As a result, human rights are anticipated ...
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ArticleChina’s Bosideng takes strides toward net zero emissions and sustainable fashion
Bosideng is working to achieve net zero emissions and promote sustainable practices within the down apparel industry.
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News briefsBlue Tomato expands “Rent Your Ride” rental service
Action sports and lifestyle retailer Blue Tomato is expanding its offer to rent selected products such as snowboards, splitboards, boots and bindings. As part of the “Blue Tomato Rent Your Ride” service, customers can obtain advice on the products in several stores in Germany and Austria and then rent them. ...
