All Sporting Goods Intelligence articles in Volume 35, Issue 11+12
View all stories from this issue.
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 11+12
Adidas posts first loss in 30 years, eyes €500m operating profit in FY24 | Is Topgolf Callaway on the Market? South Korean sources says so | On eyes greater reliance on DTC, apparel | Allbirds has a new CEO | Zalando wants to cover 15% of the European fashion market | Puma achieves greenhouse gas reduction targets ahead of schedule | Decathlon rebrands to ‘ignite global passion for sport’ | The Weber era at Brooks is coming to an end | More losses at Allbirds | Xtep Intl. annual profit hits all-time high | Yue Yuen’s profit, sales slip in soft FY23 | Li Ning considers privatizing sportswear firm amid market challenges | Italy’s Cisalfa to take over SportScheck | Puma partners with Google Cloud to enhance online retail experience | Boxing equipment market to accelerate at a CAGR of 4% by 2027 | China’s athleisure market poised to hit $82.8 billion by 2024 | France’s proposal against fast fashion | Sympatex unveils new more sustainable dying solutions | Progress in ski boot recycling; call for collaboration | EFTA states and India deepen economic partnership with new trade agreement
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ArticleIs Topgolf Callaway on the market? South Korean sources says so
Speculation is swirling after a South Korean newspaper suggested that golf behemoth Topgolf Callaway might be up for grabs.
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News briefsLuanvi posts double-digit sales growth
Spanish sportswear manufacturer Luanvi saw its revenues increase by between 12 percent and 15 percent in 2023 compared with 2022, with sales reaching nearly €17 million, CMD Sport has reported. The company expects to post once again double-digit sales growth in 2024. Growth was supported by a new agreement ...
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ArticleBoxing equipment market to accelerate at a CAGR of 4% by 2027
Factors include youth programs, urbanization, and rising female participation, but face challenges like infrastructure and injuries.
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News briefsEuropean sport sponsorship reached new high in 2023
According to research from the European Sponsorship Association (ESA) and Nielsen Sports, the total value of Europe’s sponsorship market increased by 6.2 percent over the past year from €29.05 billion to €30.86 billion. Sponsorship across Europe returned to pre-pandemic levels in 2023. The total volume exceeded the previous record high ...
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News briefsDecathlon plans further expansion in India
French sporting goods retailer Decathlon is planning to accelerate investments in India to ramp up production and expand its retail presence. Decathlon entered the Indian market in 2009 and now operates 129 stores in the country. Decathlon CEO, Barbara Martin, called India one of the company’s “most important” global markets, ...
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News briefsMacron announces multiyear deal with CONCACAF
Italian sportswear and teamwear brand Macron has announced a new agreement with CONCACAF, the football governing body in North America, Central America and the Caribbean. All match officials in CONCACAF club and international competitions will be wearing Macron sportswear for the next six seasons. CONCACAF, one of FIFA’s six ...
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News briefsBaked teams up with Go Sport for international brand campaign
Baked and Go Sport have joined forces to unveil a brand campaign spanning Go Sport’s primary global markets. The collaboration aims to harness their collective strengths in fostering a “go further” mindset among consumers. The campaign champions the pivotal role of sports in the daily routines of modern athletes and ...
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SponsoredAt Polartec, the future began a long time ago
With the new ”Beyond Begins Today” campaign, Polartec is placing the global future issue of sustainability at the center of all its activities.
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News briefsCastore secures exclusive Umbro Pro Team license
Castore has just finalized an exclusive deal with Umbro licensee GL Dameck (DLG), granting them the coveted Umbro Professional Team Sports sub-license. This strategic move extends Castore’s reach into the UK, Germany, Austria, Switzerland, Belgium, Netherlands and Denmark, marking a significant milestone in their expansion. With a recent investment round ...
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News briefsLululemon welcomes veteran to Board of Directors
Lululemon Athletica has announced the appointment of Teri List to its Board of Directors, effective immediately. List brings a wealth of experience to the role, currently serving on the boards of Microsoft, Visa, Danaher, and DoubleVerify. Her past executive positions include roles as EVP and CFO at Gap, Inc., Dick’s ...
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News briefsParis 2024 builds beyond the Games
With less than half a year remaining until the Paris 2024 Olympic Games, stakeholders convened at the Docks d’Aubervilliers in Seine-Saint-Denis to reflect on six years of collaboration and outline their commitments to sustaining the Games’ momentum beyond its conclusion. The Paris 2024 Forum, held at the Docks d’Aubervilliers, served ...
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News briefsFrance seeks to ban exports of used clothes
France would like the EU to ban exports of used clothes, the country’s Ministry for Ecological Transition and Territorial Cohesion has told Reuters. Of particular concern for France is Africa, which, the ministry said, “must no longer be the dustbin of fast-fashion.” France enjoys the support of Sweden and Denmark ...
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ArticleFrance’s proposal against fast fashion
The administration of French President Emmanuel Macron, founder of the Renaissance party, will support a law proposed by an opposition party to penalize fast fashion. The text in question is no. 2268, “aiming to render fast-fashion out of fashion, thanks to a system of incentives and penalties.” Its proponent is ...
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ArticleXtep Intl. annual profit hits all-time high
The Chinese group Xtep Intl., which took 100 percent ownership in the Saucony and Merrell businesses in China earlier this year, generated 7.9 percent operating income growth in FY23 to 1,579.9 million yuan renminbi (€201.5m) on 10.9 percent annual revenue growth to RMB 14,345.5 million (€1.83bn). The annual gross margin ...
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News briefsAdidas Golf unveils new material concepts in Ultimate365 apparel range
Source: Press image Adidas Golf use new materials in their new apparel Adidas Golf is introducing two new material concepts – Twistknit and Twistwave – aimed at redefining performance on the golf course. These innovations are available in both men’s and women’s Ultimate365 apparel. The ...
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News briefsPuma and Formula 1 unveil their inaugural collaboration collection
Source: Press image Puma and Formula 1 collaborate for their first collection Puma and Formula 1 have joined forces to introduce their first full collaborative collection for Spring/Summer 2024. This comprehensive collaboration marks a significant milestone in motorsport fashion, according to the brands. Inspired by race suit ...
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News briefsRip Curl signs eight-time surfing champion
Source: Photo: Trent Mitchell Stephanie Gilmore has signed a new deal with Rip Curl Rip Curl has made waves in the surfing world with its latest signing of eight-time world surfing champion Stephanie Gilmore. The groundbreaking agreement, valued in the millions, spans eight years, coinciding with Gilmore’s ...
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ArticleSympatex unveils new more sustainable dying solutions
Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions. At its apparel booth in Munich, Sympatex will unveil three ...
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News briefs361 Degrees' profit increases by 29 percent in 2023
Bolstered by nearly 36 percent sales growth for its kids’ business, 361° realized 21 percent annual sales growth last year to 8,423.3 million yuan renminbi (€1.07bn) from RMB6,960.8 million. Annual operating income improved by 29 percent to RMB 1,383.5 million (€176.5m). The FY23 profit attributable to shareholders rose 29 percent ...
