All Sporting Goods Intelligence articles in Volume 34, Issue 7+8 – Page 2
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News briefsSport at work in France is a good idea, in theory
According to a recent study by Medef, the leading network of entrepreneurs in France, and the Toluna-Harris Interactive Institute, 92 percent of company executives and 93 percent of employees consider that sport in the workplace is either “a good thing” or “a very good thing.” However, only 13 percent of ...
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ArticleWHO/OECD report highlights financial and health costs of physical inactivity in Europe
A new report from the World Health Organization (WHO), produced in collaboration with the Organisation for Economic Co-operation and Development (OECD) and with funding from the European Union, highlights the impact that increasing physical activity levels would have on the health of the population and the economy in the continent. ...
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News briefsXponential Fitness appoints first chief legal officer
Xponential Fitness, Inc., the world’s largest franchisor of boutique fitness brands, announced the appointment of Andrew Hagopian as the company’s first chief legal officer, effective March 1, 2023. Hagopian began his career as a staff attorney at Gibson, Dunn & Crutcher. He then served in various internal roles at MGM ...
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News briefsOn announces professional running team in Australia
Swiss performance brand On has announced its professional running team, On Athletics Club, in Australia with the launch of the Oceania division. On Athletics Club is a two-year-old vision that began in Boulder, Colorado, with the objective of building a team of young athletes with potential. The company gives On ...
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News briefsSport 2000 running division fosters retail skills
The German Sport 2000 Running Division held another Product Day in mid-February. Around 30 retailers and 70 participants, including both specialists and generalists with a running focus, came to SportCentrum Kaiserau in Kamen to test and assess new shoe models and innovations for the spring/summer 2023 season. 15 brands – ...
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News briefsAdidas and Ye rumored to agree on cleaning Yeezy inventory worth €500m
According to Hypebeast, Fashion United, Sole and other media, Adidas has agreed with Ye (formerly known as Kanye West) to sell some of the remaining Yeezy branded stock worth $500 million. The two companies have parted in October 2022 after West made a series of anti-semitic comments online in various ...
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News briefsWeSports completes acquisition of Kraftmark
Stockholm-based group WeSports, through its subsidiary Vartex – a Nordic provider of fitness equipment and services – announced today that it has completed the full acquisition of the Swedish fitness and sporting goods company Kraftmark. WeSports acquired the Kraftmark brand and its trademarks in October 2022. When Kraftmark’s Swedish distribution ...
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News briefsUEFA announces candidates for executive committee election
UEFA has announced the list of candidatures for the positions of president and executive committee members to be elected at the 47th ordinary UEFA Congress in Lisbon on April 5, 2023. Aleksander Čeferin (Slovenia) is standing for re-election for a four-year term as UEFA president. The sole candidate for one ...
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News briefsHanesBrands appoints global supply chain expert to board of directors
Source: HanesBrands Mark Irvin HanesBrands has appointed Mark Irvin to the company’s board of directors. Bobby J. Griffin, who has served on the board since 2006, plans to retire from the board when his current term ends at the 2023 annual meeting. Irvin is executive vice president ...
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Short stops
Short Stops Week 9, 2023
EXECUTIVE CHANGES +++ Superdry has announced the appointment of Lysa Hardy, who serves as chief marketing officer and executive director at Hotel Chocolat, to the Superdry board as an independent non-executive director, effective May 1, 2023 +++ European Professional Club Rugby (EPCR) has announced that Jacques Raynaud, currently CEO of ...
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News briefsFitnessBoutique introduces an exercise bike made in France
FitnessBoutique is introducing an exercise bike manufactured in France, Sport Guide has reported. French-based FitnessBoutique, part of N4Brands, is a retail company specializing in fitness equipment and food supplements that sells both online and offline. The new home bike, which will start retailing in March, is dubbed André Martin after ...
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ArticleNike tops global retailers list among sports retailers
Nike Inc./Nike Direct is the largest sports retailer in the world, according to the “Global Powers of Retailing 2023” report, which Deloitte has just released. Decathlon takes the 2nd spot, followed by Dick’s, JD Sports and Adidas, to complete the Top 5 in the sports retailing sub-category. ...
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News briefsBT Sport to be renamed TNT Sports, Eurosport follows in the UK and Ireland
BT Sport will change its name following the merger with Warner Bros Discovery last year. The two companies formed a 50:50 pay-TV sports joint venture in September 2022. TNT Sports will take over BT Sport’s live offerings in July. Starting in 2023/24, the Premier League matches will be broadcasted on ...
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News briefsDecathlon promotes Javier López to chief global value chain officer
Decathlon has appointed Javier López as chief global value chain officer. López has been with the company for over 23 years, holding executive roles and positions in logistics, IT and retail. For the past seven years, he served as CEO of Decathlon Spain. This role will be taken over by ...
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News briefsVF Corp. prices €1 billion Eurobond offering
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
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News briefsThe market for golf equipment will continue to grow, albeit at a slower pace
According to a recent 171-page report by Technavio, titled “Global Golf Equipment Market 2023-2027,” the global golf equipment market is forecasted to grow by US$1,418.41 million from 2022 to 2027. While the market size is growing, however, the growth momentum will decelerate during this forecast period, with a decline of ...
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News briefsNational Cycling League enters strategic partnership with Wahoo Fitness
The U.S. National Cycling League (NCL) announced a two-year strategic partnership with endurance athlete fitness technology company Wahoo Fitness. The NCL’s two mixed professional cycling teams – the Denver Disruptors and the Miami Nights – will train and compete exclusively with Wahoo products and software. In addition, Wahoo will sponsor ...
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News briefseBay reports better-than-expected Q4 results
eBay Inc. has published the financial results for the fourth quarter – again reporting negative revenue growth – and fiscal year ended Dec. 31, 2022. “In 2022, we made significant progress on our multi-year strategic journey,” said Jamie Iannone, CEO of eBay. “Our focus category playbook continues to drive the ...
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News briefsGlobe Intl. eyes H2 for improved profitability
Australian company Globe Intl. reported an after-tax net loss of A$0.2 million versus a profit of A$12.5 million for its H1 ended Dec. 31 as revenues declined by 16 percent to A$120.5 million (€77.5m). Ebit came in at A$0.9 million, or 0.7 percent of sales, significantly below the 12.7 percent ...
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News briefsPou Sheng Intl. warns on record FY profit drop
The Yue Yuen retail unit blames an expected annual profitability decline of 75 percent to 89 million yuan renminbi (€12.2m) on “weak foot traffic and soft consumer sentiment” in China throughout 2022 due to the country’s pandemic control measures. Pou Sheng’s FY22 revenues are forecast to come in 20 percent ...
