All Sporting Goods Intelligence articles in Volume 34, Issue 9+10
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 9+10
Adidas faces transition year; results suffer from Yeezy, challenging China | Puma CEO Arne Freundt: “We are hungry” | Allbirds’ Q4 loss widens; company sets transformation plan | Decathlon Germany cracks the €1 billion sales mark | Zumiez remains positive on Europe as overall results slip | Yue Yuen delivers solid FY results, but warns about gathering headwinds | Xponential Fitness posts operating profit in Q4, FY22 | Grupo SBF’s star segment in FY22 is Fisia | Vulcabras’ momentum in athletic footwear persists | Trove releases first-of-its-kind Brand Resale Index for 2023
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News briefsBeachbody’s connected fitness sales tumble
U.S.-based subscription health and wellness company Beachbody’s connected fitness sales fell 87 percent in Q4 to just $4.75 million, down from $36.80 million a year ago. For the full year, revenue fell 11 percent from $42.74 million to $38.19 million. The cost of sales still far exceeds revenue, with $10.54 ...
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News briefsCastore agrees its first deal with a national football team
British sportswear brand Castore is the new kit manufacturer of the Football Association of Ireland (FAI). The multi-year agreement will run from this month until 2028, with the new home kit revealed on March 20. Castore is replacing Umbro, whose contract with the FAI was actually due to expire in ...
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News briefsA second edition for Italy’s sports textile industry show Texstile
The second edition of Texstile – Italian Action Style, an event dedicated to the Italian sports textile industry, will take place at the Palavela in Riva del Garda, Italy, on May 22-23. The inaugural show in 2022 attracted more than 200 business operators, invited by 20 exhibitors, of which 90 ...
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News briefsTikTok considers separation from Chinese parent
The short video service TikTok wants to pre-empt a possible ban in the U.S. and Europe and is considering a separation from its Chinese parent company ByteDance. As U.S. media have reportedly learned from insiders, corresponding plans are being discussed in the social media portal’s executive suite. The separation is ...
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News briefsK-Way will outfit France’s team at the 2024 America’s Cup
K-Way will sponsor the newly formed Orient Express team, which is set to represent France at the 37th America’s Cup in Barcelona next year. K-Way is owned by Turin-based BasicNet, which is also the parent company of Superga, Kappa and other brands. K-Way will provide the competition gear as well ...
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ArticleAlpkit recycles wetsuits with Circular Flow
After 7 years of manufacturing wetsuits, British outdoor and cycling brand and retailer Alpkit has partnered with Circular Flow to recycle old wetsuits into new, reused products. As open-water swimming booms and consumers spend more money on outdoor sports, more neoprene ends up in the trash each year. 20,000 more ...
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News briefsNike will stop using kangaroo leather this year
Nike will stop making any product with kangaroo skins this year, the company said in a statement on March 13. The announcement comes on the heels of rival firm Puma saying it will replace “k-leather” in football boots with a synthetic vegan alternative, meaningfully called “K-better,” as we reported earlier ...
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News briefsSports Direct criticized for camera surveillance in stores
As the Daily Mail reports, Sports Direct has recently begun using facial recognition cameras that scan customers’ faces and check them against a database of suspected criminals. Frasers Group, which owns Sports Direct and is controlled by billionaire Mike Ashley, found itself compelled to do so after police stopped arresting ...
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News briefsNew store and retail concept for Peak Performance
The Swedish outdoor brand Peak Performance has opened a 180-sqm store in Innsbruck, Austria, with a new retail concept including care and repair services. As well as offering maintenance advice and professional wash services, the store opening also marks the Austrian launch of Peak Performance’s second-hand initiative, Wear Again (previously ...
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News briefsBleckmann expands in Belgium
Bleckmann, the Supply Chain Management service (SCM) for fashion and lifestyle brands, is to further expand in Belgium with 60,000 sqm of warehouse space in three strategic locations. The distribution centers in Belsele, Herentals and Grobbendonk will support the growth of customers and additional logistics flexibility. In Belsele, west of ...
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News briefsAdidas, Y-3 present glueless shoe that can be easily dismantled
Source: Adidas Y-3 Itogo Earlier this year, Adidas and Yohji Yamamoto introduced the world to the new Y-3 Atelier. Now, the German sporting goods brand and the Japanese designer present the first footwear from their experimental new collaboration: the Y-3 Itogo. The shoe consists of just five ...
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News briefsLed Projects has a new distributor
Salisport France has become the exclusive distributor for France and Belgium of Led Projects’ court-illumination products for both tennis and pádel. Founded as recently as 2021, Salisport says it is the top company in France for court maintenance. Led Projects, meanwhile, has been the official supplier of illumination for ...
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News briefsNew survey reveals Millennials’ favorite brands
Investment bank Roth MKM announced the results of its 2023 Millennial Survey; a proprietary survey examining current trends, spending patterns and favorite brands across eight consumer categories, including apparel and footwear, and health and wellness. Some of the key findings for the sporting goods industry include: For the second ...
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News briefsKMD Brands secures B Corp status for Rip Curl, Kathmandu, Oboz
KMD Brands, the outdoor, lifestyle and sports company, sees all three of its brands – Kathmandu, Oboz and Rip Curl – become Certified B Corporations, becoming one of the first multinational firms in Australia and New Zealand to have all businesses individually certified. KMD Brands Group CEO Michael Daly ...
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ArticleIntersport Sweden partners with Canopy to protect the world’s forests
Intersport Sweden – the country’s leading sporting goods retailer, founded in 1968 and with nearly 100 stores – has announced a partnership with the non-profit organization Canopy to promote forest-friendly supply chains. The aim is to set important signs for the world’s forests, species and climate. Intersport Sweden thus joins ...
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ArticleYue Yuen delivers solid FY results, but warns about gathering headwinds
Bolstered by its manufacturing segment, Yue Yuen reported a 158 percent increase in annual operating income to $416.8 million in FY22 on a 5 percent revenue expansion to $8.97 billion from $8.53 billion. Net income grew by 106 percent to $293.2 million as the annual gross margin dropped slightly to ...
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News briefs
Former Nordica president Franco Vaccari has passed away
Source: private Franco Vaccari Franco Vaccari, a former shareholder of the Tecnica Group, passed away unexpectedly on March 11, 2023, at 83, according to Tecnica Group information. Vaccari was one of the most important entrepreneurs in the history of the so-called Sportsystem district of Montebelluna in the ...
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News briefsOrthoLite partners with Novamont to produce circular solution for footwear
Insole and footwear materials brand OrthoLite has announced a partnership with Novamont, a B-Corp manufacturer of bioplastics and biochemicals, to escalate the scalability of its circular foam material solution for footwear, the OrthoLite Cirql, originally launched in 2022. OrthoLite Cirql foam is positioned as free from “forever chemicals” and responsibly ...
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News briefsHanesBrands completes refinancing of 2024 maturities; closes $900m Term Loan B financing
HanesBrands has completed the refinancing of the last remaining series of its 2024 notes. The company said it successfully closed on an upsized new senior secured Term Loan B facility with an aggregate principal amount of $900 million. The net proceeds from the Term Loan B facility, together with the ...
