All Sporting Goods Intelligence articles in Volume 34, Issue 5+6
View all stories from this issue.
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ArticleFY 2028: Canada Goose aims to have up to 150 stores and reach $3 billion in revenue
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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News briefsHang Ten returns to the European market
Californian surf lifestyle brand Hang Ten, founded in Seal Beach in 1960 by surf legends Duke Boyd and Doris Moore, is back on the European licensing scene and has appointed Plus Licens as its European licensing agent. Hang Ten became synonymous with the surf lifestyle in the 1960s, earning a ...
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 5+6
Adidas braces for a hard year ahead after a difficult 2022 | Signa Sports United braces for slow first half | VF Corp. takes action to improve performance, divesting pack brands | Under Armour reports improved results, EMEA shines | Asics posts double-digit sales gains in all regions in FY22 | Skechers Q4 sales jump announced along with full year 2022 financial results | Topgolf Callaway lifts forecasts as venues offset weaker golf gear sales | Columbia eyes 3% to 6% sales growth in FY23, EMEA strong in FY22 | Canada Goose lowers FY23 outlook | Hanesbrands shifts capital allocation strategy, shares plunge | GoPro aims for $100m in FY23 subscription revenue | Deckers raises sales and earnings guidance after better-than-expected Q3 | Thule announces change in CEO and president position | Thule continues to suffer from slumping bike product sales in Q4 | XXL ASA exiting Austria, raising new equity | Mizuno lands improved results, record Q3 revenues | JD Sports unveils plans for sales growth, rapid store expansion | Alpargatas’ Q4 reflects inflation eroding purchasing power | Nautilus sees lower retail order trend continuing | Yonex hikes FY outlook on improving overseas trends | Descente nine-month operating income jumps | Base Detall Sport doing pre-pandemic business
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News briefsAlpargatas elects new VP finance and investor relations
Following the resignation of Julian Garrido Del Val Neto, vice president of finance and investor relations, effective April 1, the board of directors of Alpargatas S.A., the Brazilian owner of the Havaianas flip-flop sandal brand, has elected André Corrêa Natal as his successor. His term will begin on April 1 ...
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News briefsFoot Locker appoints new GM for EMEA
Earlier this month, Foot Locker appointed Tomas Petersson as its new senior vice president and general manager for Europe, the Middle East and Africa. He is based at the company’s headquarters in Vianen, Netherlands. Petersson is a familiar face at Foot Locker: for the past year and a half, he ...
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News briefsU.S. gets sixth pro pádel team
Matrix Padel will be the sixth team franchise in North America’s Pro Padel League (PPT). Located in northwestern Arkansas, Matrix Padel was just purchased by Barbara Hudson, Shannon Hudson and Johan Den Toom, founders of the Matrix Club, which offers pickleball, tennis and group fitness as well as pádel. The ...
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News briefsSnipes invests in new and bigger logistic center
The sports and lifestyle retailer Snipes is building a new service and logistics center in Bedburg, Germany, in order to be positioned for the planned expansion of the company. The construction is the largest logistics investment ever made by the sneaker and streetwear retailer. According to the company, Snipes is ...
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News briefsHummel takes new steps to protect textile workers in Pakistan
Danish sportswear brand Hummel has taken a step forward in its commitment to worker safety by signing the Pakistan Accord. The initiative, which is part of the expanded International Accord for Health and Safety in the Textile Industry, of which Hummel is already a member, aims to ensure a safe ...
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News briefsRegistration open for Better Cotton Conference 2023
Tickets for the coming Better Cotton Conference 2023, held in Amsterdam on June 21 and 22, can now be purchased for early-bird ticket prices (discounted only before March 15). The conference will be opened with a welcome reception on the evening of June 20 and hosted in a hybrid format ...
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News briefsSalomon publishes first-ever annual sustainability report
Following its sister company Atomic’s impact statement, Salomon has also published its first-ever annual sustainability report. After a full carbon inventory, the French brand’s science-based targets have been officially approved for 2022 (aiming for a 50 percent absolute reduction in Scope 1 & 2 carbon emissions and a 30 percent ...
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News briefsQatari investors are reportedly targeting Manchester United
Daily Mail has revealed that a Qatar-based consortium of private investors is planning to bid for Manchester United. The group is set to make an offer by Friday, Feb. 17, the deadline set by the club’s current owners, the Glazer family. The British tabloid paper has also revealed that UEFA, ...
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News briefsCarvana Pickleball has its official shoe
Skechers will be the official footwear sponsor of the Carvana Professional Pickleball Association (PPA) tour as of the 2023 season, with its schedule of 25 tournaments. The company will be selling its shoes and apparel on site for the PPA Tour, and tour staff and referees will be wearing its ...
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C-Suite InterviewArena CEO Peter Graschi discusses turnover, sales and growth of the swimwear company
CEO Peter Graschi explains how Arena plans to expand its growth even further and why Arena has no difficulty with the shortage of skilled workers.
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News briefsTonal is reportedly looking for fresh funds or possibly a buyer
According to an exclusive report by The Information, Tonal, a celebrity-backed home fitness start-up, has explored options, including a sale. According to the report, the company spent heavily last year on new brick-and-mortar showrooms, new hires and marketing, including a commercial featuring Serena Williams, and has been trying to cut ...
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News briefsNew Wave Group reports “best year ever” with sales up 30%
New Wave Group, the Swedish parent company of Craft, Seger, Auclair, Derby of Sweden, D.A.D. Sportswear and a total of nearly fifty brands in business, sports and leisure, gifts and home textiles, ended its fiscal year 2022 with net sales of 8.84 billion Swedish kronor (€793.1m), up 32 percent, or ...
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News briefsC-Skins wetsuits with new distributor for Portugal and Spain
Peak Distribution, the Dutch company that has represented the C-Skins wetsuit brand in the Benelux since 2011 and has also served the wider Northern European region as well as Germany, Austria and Switzerland since 2014, has been appointed C-Skins distributor for Portugal and Spain. C-Skins was founded in 1993 as ...
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ArticleBrands provide earthquake relief for Turkey and Syria
9,210 apparel, footwear and textile manufacturers were located around the epicenter of the 7.8 and 7.7-magnitude earthquakes, which caused widespread damage across Turkey and northern Syria when they hit during the night of Feb. 6, 2023, according to the Business & Human Rights Resource Centre. Many retailers have already committed ...
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News briefsSuunto with new head of brand
Nicolas Holtzmeyer, new head of brand for Suunto Nicolas Holtzmeyer was appointed head of brand of Suunto on Dec. 1, 2022, moving to the company’s headquarters in Vantaa, Finland. In his new role, he is responsible for Suunto’s global brand presence. His focus will be on building ...
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News briefsECHA publishes updated PFAS restriction list
On its website, the European Chemicals Agency (ECHA) published updates on current restrictions on the production, sale and use of more than 10,000 per- and poly-fluoroalkyl substances (PFAS) proposed by Danish, German, Swedish, Dutch and Norwegian authorities last month. Taken together, the agencies estimate that an additional 4.4 million metric ...
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News briefsSustainability less of a priority in German purchases
The latest GfK Sustainability Index shows that consumers in Germany are planning fewer purchases based on sustainability in the near future. The index for January 2023 now stands at 93.3 points, 6.7 points less than the average for 2022. The index shows the importance of sustainability aspects in consumer purchasing ...
