All Sporting Goods Intelligence articles in Volume 34, Issue 7+8 – Page 3
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News briefsGant celebrates its sportswear heritage
American clothing and fashion sportswear brand Gant is celebrating its heritage with a traveling archive exhibition, starting in New York. It will highlight the history of one of America’s first sportswear brands, exploring its contribution to the fashion industry and showcasing some iconic pieces from 1949 to the present day. ...
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News briefsMP Activewear premiers HIIT-collection with Polygiene
U.K. company MP Activewear is launching a new high-intensity interval training (HIIT) collection featuring the Polygiene Stayfresh technology. The gym apparel range called Tempo Ultra aims at customers looking for high-performance fabrics, a bold look and the bonus of skipping washes due to the anti-odor treatment by Polygiene. ...
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ArticleIs ABG buying Boardriders?
Jamie Salter-led Authentic Brands Group (ABG) may be on the verge of landing another big fish for its portfolio of brands. Recent developments suggest Oaktree Capital-controlled Boardriders is on the verge of selling its portfolio of largely surf-focused brands, led by Quiksilver and Billabong, and ABG appears in a position ...
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ArticleGarmin operating income dips in Q4, eyes $5 billion in FY23 sales
Positive currency effects of more than $44.5 million helped Garmin report a 2.5 percent increase in Q4 net income to $293.3 million from $286.1 million. Operating income decreased 15 percent to $267.2 million for the period ended Dec. 31, but gross margin improved to 57.0 percent from 55.5 percent. Total ...
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News briefsAlibaba reports improved results despite challenges
Despite softer demand and supply chain and logistics disruptions, Alibaba Group reported revenue and profits for Q3 that exceeded Wall Street estimates. Revenues increased by 2 percent to 247.8 billion yuan renminbi (€34.1b) from RMB 242.6 billion for the period ending Dec. 31. The Chinese e-commerce behemoth said in a ...
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News briefsSkechers reveals a new fashion collaboration
Skechers has teamed up with style icon Diane von Furstenberg of luxury fashion brand DVF for Skechers first-ever footwear and apparel collab. Skechers x DVF features Furstenberg’s signature prints and bold colors and launches with the Endless Kisses capsule featuring the DVF “Lips” print. Source: Business Wire ...
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News briefsStrong year-end performance for Björn Borg
Sweden-based Björn Borg reported net sales of SEK 198 million (€17.9m) for the fourth quarter of 2022 (October-December), compared to SEK 181 million in the corresponding quarter of 2021. Proprietary e-commerce and e-tailer sales increased a total of 21 percent to SEK 77 million (€6.96m), continuing the strong upward trend ...
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News briefsDecathlon rents more retail spaces from Kaufland
German retailer Kaufland, who acquired over 100 Real supermarket locations in Germany, is now leasing space to Decathlon at more and more of its former German Real locations. To date, a combination of the Kaufland supermarket and Decathlon stores are to be found at six locations in Germany. In a ...
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News briefsFabletics takes its performance wear expertise into medical apparel
Active lifestyle apparel brand Fabletics has released a line of activewear scrubs, bringing performance wear to the medical apparel category in what Fabletics is calling a world-first crossover. The range of twelve pieces includes tops, bottoms, underscrubs and jackets for men and women and is available in eight colorways. Each ...
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News briefsMLS and Adidas announce multi-year partnership extension
Major League Soccer (MLS) and Adidas have announced a multi-year extension of their partnership. Under the multi-faceted agreement, Adidas will continue to be the official outfitter of the U.S./Canadian football league, its clubs and youth academies. The brand will pay €780 million over the next seven years to continue as ...
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News briefsUnibet starts sponsoring amateur basketball in France
Kindred Group’s sportsbook brand Unibet has generalized the name of its sponsorship program in France from #AuCoeurDuFootball to #AuCoeurDuSport (literally “in the heart or core of sport”). This year, the program will be supplying kits and other equipment (worth about €2,500 per club) to some 400 amateur clubs – 100 ...
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ArticleEvolving Wolverine Worldwide forecasts meaningful profit progress in H2
Wolverine Worldwide, having already taken numerous actions in Q4 that included staff cuts and the divestiture of its Keds business, is targeting flat to 2 percent sales growth in FY23 and a 210-basis point improvement in adjusted gross margin to approximately 42.0 percent as it continues to transform its business, ...
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News briefsThe Athlete’s Foot FY sales jump by 10%, set to introduce new concept
The 550-door chain The Athlete’s Foot (TAF) and affiliated websites across 30+ countries grew its year-over-year global retail revenues by 10.3 percent in 2022 to $555 million, parent Arklyz Group reported, despite a difficult retail environment that was impacted by rising inflation, supply chain challenges, and socioeconomic and political unrest. ...
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News briefsJD Sports aims to crack U.S. market with store expansion blitz
JD Sports Fashion is looking to expand its U.S. store network to around 800 over the next five years as it aims to convert half its Finish Line outlets – the sportswear chain acquired in 2018 – into JD-branded shops, under plans outlined by new chief executive Regis Schultz. The ...
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News briefsFoot Locker announces interim CFO
Following the appointment of a new CEO and the continued restructuring of its management, the New York-based sports retailer Foot Locker has announced Robert Higginbotham has been appointed interim CFO, effective March 1. Higginbotham, former VP of investor relations, was recently promoted to SVP of investor relations and financial planning ...
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News briefsOn reportedly has plans for Paris
Swiss brand On is reportedly considering opening its first store in Paris. According to Sport Guide, the Swiss sports brand has been exploring a series of potential locations in France’s capital city, in trendy and elegant districts like the Marais and Saint-Germain des Près. However, the company has not confirmed. ...
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News briefsWilson Golf president to leave
Tim Clarke has stepped down as president of Wilson Golf, according to mygolfspy.com. Clarke first joined Wilson in the 1990s and became president in 2007. Bob Thurman, global R&D director, is reportedly stepping in as interim golf GM. Wilson Golf is part of Wilson Sporting Goods and has been owned ...
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News briefsZalando announces new basic fee and marketplace commission increase
According to information from various media for online retailers, Zalando will soon be introducing a new fee schedule. Previously, the Zalando platform only charged commissions for successful sales. As of July 1, Zalando is implementing a basic fee of €480 per year for its marketplace. The basic fee applies both ...
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ArticleRussia considers more tariffs on sporting goods from ‘unfriendly countries’
Russia is contemplating the imposition of protective tariffs on sporting goods imported into the country from “unfriendly countries,” according to Dmitry Kolobov, head of the Department of Important Social Goods at the Russian Ministry of Industry and Trade. Affected countries, in the Russian government’s view, are those that it says ...
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News briefsMarks & Spencer launches The Sports Edit on M&S.com
Following the London-based retailer’s early 2022 acquisition of The Sports Edit and ongoing investments in growth categories, including sportswear, Marks & Spencer (M&S) has now integrated the dedicated and fast-growing sportswear platform directly into its own marksandspencer.com website. According to M&S, more than 200 women’s sportswear and apparel products from ...
