All Sporting Goods Intelligence articles in Volume 34, Issue 7+8 – Page 4
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ArticleeBay Recommerce Report shows users find financial value in used goods
eBay has released its third annual Recommerce Report, which examines what drives sellers and buyers to participate in the sale of used goods. The latest report (for 2022) also marks the first time eBay has conducted a separate survey exclusively for buyers. Both sellers and buyers are turning to resale ...
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News briefsPou Chen reportedly plans massive job cuts at Vietnam footwear factory
Citing two local officials familiar with the company’s plans, Reuters reports that Taiwan-based Pou Chen Corp, which makes athletic footwear for Nike, Adidas and others, plans to cut about 6,000 jobs at its Pouyuen Vietnam plant in Ho Chi Minh City due to weak demand. The plant is reportedly set ...
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ArticleBrooks' success builds on connection with runners worldwide
Berkshire Hathaway-owned Brooks, which continues to make strides with the global running community, generated a 6 percent increase in annual sales in 2022 to an implied $1.166 billion despite persistent supply chain obstacles within the running industry. The company also gained new customers last year in categories outside of running, ...
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ArticleSportmaster rejects takeover of former Russian Decathlon chain
Russia’s largest sporting goods retailer Sportmaster has declined Decathlon’s offer to purchase its BlueBox chain of stores, which has stood idle since the middle of 2022, an anonymous source in Sportmaster told the Russian newspaper Izvestia. “Firstly, our stores are located close to each other, which is disadvantageous. Secondly, the ...
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ArticleKim Scholze appointed to Sympatex' executive board
Kim Scholze has been appointed to Sympatex’s executive board, retroactive to Jan. 1, 2023. As chief sales and marketing officer (CSMO), she will be responsible for Sympatex’s global sales and marketing strategy. The division of the management board in this form is a novelty at Sympatex. Scholze joined the company ...
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News briefsDecathlon to support research on adaptation to climate change
Decathlon has become an equipment partner in the new Deep Climate study, a research project by researcher Christian Clot and the Human Adaption Institute that looks at how humans adapt to situations of change and crisis. Together, they are conducting an expedition to three extreme climates (arid/hot, cold and tropical) ...
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News briefsPulp manufacturer Renewcell with triple-digit sales growth
Renewcell, the Swedish dissolving pulp manufacturer, reported net sales of 12.6 million Swedish kronor (€1.1m) for the full year to Dec. 31, 2022, up from SEK 2.8 million (€253K) in the previous year. Through its patented process, the company produces a dissolving cellulose pulp known as Circulose from 100 percent ...
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ArticleEtsy accused of 'knowingly' allowing sales of counterfeit product
In a report published on Feb. 16, 2023, online stock commentary website Citron Research claims to have exposed the “dirty secrets” of Etsy, the New York-based online marketplace for buying and selling handmade and other products, founded in 2005, and its failure to shut down the sale of counterfeit goods, ...
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News briefsWFSGI announces a new webinar with IP specialists
The WFSGI has announced a new webinar, “Protect your brand online.” The event is in partnership with online brand protection and IP infringement specialists, Corsearch. The “Protect your brand online: What’s new in 2023 and what is next?” webinar is in response to the rapid growth in e-commerce and digital ...
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News briefsFrench firm sues Nike for allegedly using unlicensed font
Production Systems SAS, a Paris-based design firm that conducts business under the trade name Production Type, is suing Nike for allegedly using portions of its Kreuz font software without authorization. The lawsuit was filed in a New York federal court on Feb. 13. According to the French company, Nike purchased ...
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News briefsAMSilk and Brain Biotech develop high-performance biobased protein fibers
Biomaterial specialist AMSilk, based in Munich, and industry solutions provider Brain Biotech have entered a partnership to accelerate the development of high-performance fibers for the performance materials market. AMSilk produces biotechnological materials based on renewable carbon structural proteins that are fully recyclable, biodegradable and contain no microplastics. The company’s Biosteel ...
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News briefsWilson introduces 3D airless prototype basketball
Source: Wilson NBA All-Star Game 3D Airless Prototype Wilson Sporting Goods has introduced what it claims to be the first-ever 3D airless prototype basketball. The prototype made its debut during the first round of the AT&T Slam Dunk Contest in the National Basketball Association (NBA) All-Star game ...
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News briefsFormer NikeWomen exec expected to run English women’s football
Source: LinkedIn Nikki Doucet A NewCo will likely be formed to run the Women’s Super League (WSL) and Women’s Championship in English women’s football, and Nikki Doucet has been appointed by The Football Association (The FA) as a consultant to explore this plan, the Telegraph has revealed. ...
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News briefsFiber-to-fiber consortium gets a new member
A fiber-to-fiber consortium founded in 2022 by On, Puma, Salomon, Patagonia and the green biotech company Carbios, has welcomed a new collaborative partner: Fashion company PVH Corp (which includes brands Calvin Klein and Tommy Hilfiger). According to the consortium agreement, during the two-year collaboration, member brands will test and enhance ...
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News briefsHead opens licensed training center in Abu Dhabi
Head is opening a licensed padel sports training center in Abu Dhabi, the brand’s first in the Middle East, in partnership with Xische Ventures. The official inauguration is scheduled for Feb. 21. Located in Musaffah, the 2,200 sqm facility features five padel courts, a VIP court for private bookings, a ...
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ArticleEverysport Group reports declining revenue, Media division shows muscle
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, said in its year-end financial report that it had conducted a strategic review of the padel business to return to long-term growth as quickly as possible. This resulted in a net positive impact of SEK 10 million ...
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News briefsMichael Jordan’s birthday fills grassroots organization’s budget with $2.3m
Basketball legend Michael Jordan celebrated his 60th birthday on Feb. 17, 2023. On the occasion, Jordan and his namesake label Jordan Brand have donated $2.3 million in community grant awards to 48 grassroots organizations in the U.S. Besides reinvestments in five organizations from 2021, 43 new organizations were introduced to ...
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News briefsRich Paul and New Balance launch new sportswear brand
Rich Paul is entering the sportswear business. The American sports agent representing severals prominent NBA players, has announced the launch of Klutch Athletics, a new sports apparel brand “co-authored” with New Balance. Paul is the sports agent who represents LeBron James and is also otherwise known for his romance with ...
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News briefsTechnogym introduces indoor bike for several connected training apps
Technogym has announced the launch of Technogym Ride in the U.S. market. The Technogym Ride is the first bike with a 22-inch screen that allows users to easily access their favorite training apps and content with a single login, including Zwift, Strava, Rouvy, Training Peaks, and entertainment apps such as ...
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Short stops
Short Stops Week 8, 2023
PRODUCT & MARKETING +++ 13 years after launching its CloudTec technology, Swiss sports brand On takes its running technology to the next level, equipping the new Cloudsurfer with the new CloudTec Phase technology, designed to even enhance the feeling of “running on clouds“ +++ Puma has signed a multi-year contract ...
