All Sporting Goods Intelligence articles in Volume 34, Issue 5+6 – Page 5
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News briefsSport Voswinkel replaces half of its management duo
On August 1, 2023, Ralf Lehmkuhl will join the management of Intersport member Sport Voswinkel (a German retail company currently operating 35 stores) as a co-CEO together with Marcus Neul. Lehmkuhl joins Voswinkel from Karstadt Sports, where he was most recently responsible for SportScheck’s controlling. According to Voswinkel, a particular ...
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ArticleJD Sports unveils plans for sales growth, rapid store expansion
JD Sports Fashion has revealed plans to grow revenues and margins by double digits. Find out the strategy behind this plan.
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ArticleSkechers Q4 sales jump announced along with full year 2022 financial results
Skechers says it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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ArticleGoPro aims for $100m in FY23 subscription revenue
If the 20-year-old action camera company reaches the $100 million sales objective from subscriptions this year, it will represent 22 percent year-over-year growth from FY22. CEO Nick Woodman told analysts that GoPro is selling subscriptions “to people who don’t even own” one of its cameras. The company ended 2022 with ...
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News briefsJD Sports leaves South Korea, but plans major expansion in U.S. and Europe
JD Sports is leaving South Korea after five years in the market, according to multiple press sources. The decision has reportedly been made in connection with the negative impact of the Covid-19 pandemic. The British sporting goods retailer operated in South Korea through a partnership with Shoemarker, and opened its ...
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News briefsNew figures from German Retail Association paint mixed view of 2023
Almost half of the retail trade in Germany expects sales to be at or just above last year’s level, about a third expects them to be slightly below it, and 18 percent expect a significant decline. These are the results of a recent survey of around 900 retail companies by ...
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News briefsYniq appoints new CEO to further sports luxury brand status
Swedish-headquartered Yniq, manufacturer of snow goggles, has appointed Moss Bemis as CEO.
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News briefsAustrian metaverse conference scheduled for spring
The next annual Metagonia conference, on Web 3.0, is scheduled for March 31 to April 2 in Kitzbühel, in Austria’s Tyrol region. This year’s edition will focus on NFTs and art while also covering the basics: What digital worlds are emerging? What are the opportunities/problems? How do you ...
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ArticleCanada Goose lowers FY23 outlook
Canada Goose, citing slowing momentum in the North American market and worse than anticipated pandemic-related disruptions in China, has dropped its annual revenue guidance by 2 to 8 percent to a range of C$1.175 to C$1.195 billion (€807m to €820m) from a prior outlook of C$1.2 to C$1.3 billion. The ...
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ArticleColumbia eyes 3% to 6% sales growth in FY23, EMEA strong in FY22
After navigating supply-chain issues and product-delivery delays in 2022, Columbia Sportswear is intent on reducing its inventory level to be more in line with demand and generating 3 to 6 percent revenue growth this year in the range of $3.57 to $3.67 billion. The group is also eyeing an annual ...
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News briefsNike launches collaborative sneaker with Tiffany & Co.
Nike and Tiffany & Co. are releasing a Nike x Tiffany & Co Air Force 1 1837 sneaker, with a limited-edition sterling silver accessories range. The collaborative sneaker, made of black suede, features a Tiffany Blue-colored swoosh and sterling silver badges over each heel. The accessories include a shoe horn, ...
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Short stops
Short Stops Week 6, 2023
RETAIL & DISTRIBUTION +++ Golf retailer American Golf has become the official New Balance Golf UK retail partner, exclusively stocking a range of men’s and women’s golf shoes both online and across its stores +++ On March 1, after over three years with distributor 2pure, Coros Wearables wll be ...
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ArticleInternational Ski Federation responds to allegations over use of Head as uniform supplier
Questions have been raised about Head supplying uniforms for FIS whilst president Johan Eliasch remains Head’s chairman
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News briefsNew distribution deal between MCG and Selle San Marco
German distribution specialist Merida & Centurion Germany (MCG) has taken over the exclusive distribution of bike saddle specialist Selle San Marco into its portfolio, covering Germany and Austria. The Italian brand was founded in 1935 and manufactures its saddles for gravel, road, urban or MTB in Italy. Selle San Marco ...
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ArticleBase Detall Sport doing pre-pandemic business
Base Detall Sport returned to pre-lockdown levels of revenue in 2020. Sell-in amounted to €70 million, up by 19 percent, while the buying group’s associated stores posted sales of about €175 million. Speaking with Diffusion Sport, CEO Toni Maristany ascribes the resurgence to the three pillars of Base’s triennial plan: ...
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News briefsPickleball’s U.S. overseer reports on 2022
USA Pickleball, the sport’s governing body in the U.S., has published its annual growth report for 2022. The body’s membership rose by 29.4 percent, from 53,110 to about 68,697. North American pickleball courts in its Places2Play database rose from 9,167 to 10,724; a growth rate of about 130 per month. ...
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News briefsAdidas launches a new label
Adidas has launched a new label, Adidas Sportswear, “curated to serve the next generation.” The spring/summer release includes a reimagined tracksuit, a silk-like striped dress, and a shoe made in part with recycled materials. Designed for everyday wear but described as “sporty in essence” the pieces come with added performance ...
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