All Sporting Goods Intelligence articles in Volume 35, Issue 28+29 – Page 3
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News briefsAsics lifts guidance, reports strong first half
Bolstered by double-digit sales growth across all global regions in Q2, Asics Corp. raised its full-year guidance late last week. The Japanese group is now forecasting 11.9 percent annual revenue growth to ¥660,000 million (€3.82bn) and a 64 percent increase in operating income to ¥95,000 million (€550.1m) for the 12 ...
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News briefsHead unveils tennis racquet made from biocircular carbon fibers
Source: Head Head Torayca tennis racquet Kennelbach-based company Head announced that it is working with Toray to develop tennis and pickleball racquets containing Toray’s 100-percent biocircular carbon fibers in accordance with the mass balance approach. Toray’s biocircular carbon fibers are made from waste and residues of biological ...
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News briefsNike reshuffles management teams
Nike promoted Tom Clarke to the role of Senior Advisor on Strategic Growth Initiatives, reporting to President and CEO John Donahoe.
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ArticleXXL Q2 sales disappoint, but signs of improvement in Sweden, Norway
XXL ASA reported what it described as a “disappointing” sales performance in the second quarter of 2024. Its top line fell by 8.7 percent to 1,776 million Norwegian kroner (€151.7m), led by a decline in purchases of higher-priced capital-intensive goods, particularly bicycles. Sales were also negatively affected by limited product ...
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News briefsInter Milan and Qatar Airways expand partnership
Inter Milan officially announced Qatar Airways as its new training kit partner for the 2024/25 season. The Doha-based company currently serves as the club’s official airline partner. Nevertheless, the two parties have now decided to expand their collaboration. The Qatar Airways logo will now be featured on all training apparel ...
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ArticleThe counterfeiting Olympics
About three months ago, French police raided at dawn and shut down 11 stores in the Parisian suburb of Saint-Ouen – site of a famous flea market and not far from the Stade de France. It is also one of three municipalities divvying up the 52 hectares of the Olympic ...
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News briefsCrypto company Kraken and Atlético de Madrid sign sponsorship deal
Crypto platform Kraken is sponsoring La Liga club Atlético Madrid for the 2024/25 season.
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ArticleApparel manufacturer Hi-Tech Apparel acquires British software company Unmade
Unmade, a London-based scaleup, has been acquired by Bangkok, Thailand-based apparel manufacturer Hi-Tech Apparel. UnmadeOS, Unmade’s platform, uses patented automation and visualization technologies to enable brands to offer bespoke clothing on demand. Existing customers include sportswear brands such as New Balance and Decathlon as well as fashion brands such as ...
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News briefsBlizzard raises $60K for women in sports and climate change prevention
Source: Blizzard Children’s book “Leader of the Pack” The US subsidiary of Austrian ski manufacturer Blizzard, part of the Tecnica Group, announced that it has raised $60,000 through the sale of limited-edition Hilaree Nelson skis and the children’s book “Leader of the Pack.” On Sept. 26, 2022, ...
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News briefsRossignol reopens store in Paris St-Germain
The Rossignol Group announced the reopening of its iconic store in Paris St-Germain after a complete renovation – and just in time for the upcoming 2024 Olympic Games in Paris. The store’s new layout is designed to provide visitors with an immersive and enriching experience. Key improvements include vibrant organic ...
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News briefsCommercial revenues flat for Manchester United in Q3
For the third quarter ended March 31, Manchester United’s commercial revenues were flat at £69.6 million (€81.6 million). Retail, merchandising, apparel and product licensing were also flat at £28.9 million (€33.9 million), attributable to the Adidas expansion, which was partially offset by lower megastore sales due to nine fewer games ...
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News briefsAlibaba.com announces ambassadors for Paris 2024 campaign
Olympic and four-time NBA champion Tony Parker and two other athletes will promote Alibaba.com’s “Same Player, New Game” campaign for the Paris 2024 Olympic Games, the B2B e-commerce platform announced on 10 July. Parker is a two-time Olympian who reached the quarter-finals in men’s basketball with France at the 2016 ...
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News briefsStrong Q2 for Anta Sports
The Board of Directors of Chinese sportswear giant Anta Sports announced that its core brand Anta’s sales grew in the high single digits in the second quarter. Retail sales of the Fila brand, which it jointly owns in China through a joint venture with Fila Korea, also did not lag ...
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News briefsSB C&S to distribute GoPro in Japan
GoPro announced a new distribution partnership with SoftBank Group’s SB C&S Corporation in Japan to sell GoPro products through one of the largest sales networks in the region. SB C&S will provide its retail customers with the full range of GoPro cameras and accessories. “Through SB C&S, we’re continuing the ...
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C-Suite InterviewSyre to take circular polyester to gigascale
Swedish textile recycling company Syre has big plans for the textile industry. The goal is to produce recycled polyester per year; polyester that can also be recycled an infinite number of times. The solution is the recipe of two American chemistry professors, which is now being incorporated into the first factory to be completed in the US this year.
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News briefsCastore opens first retail store in continental Europe
Castore has announced the opening of its first European store in Enschede, Netherlands. The British sportswear brand described the opening as the first step in delivering on its “retail strategy to open mainline stores in locations across Europe.” The Enschede store will stock a range of men’s and women’s performance ...
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News briefsA $12 billion initiative for sustainable cotton industry in West Africa
At the World Trade Organisation (WTO) 9th Global Review of Aid for Trade, the United Nations Industrial Development Organisation (UNIDO) was at the forefront of the Ministerial Dialogue on “Cotton-to-Clothing: Charting Pathways to Create Sustainable Jobs for Women and Youth in West and Central Africa” on June 26, part of ...
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News briefsCastore launches petition to rename street in Wimbledon after Andy Murray
British sportswear brand Castore has proposed that the road currently known as Church Road in Wimbledon be retitled Murray Mile after Scottish tennis star Sir Andy Murray. The road is 2 km in length from Wimbledon Rail Station. “In a passionate display of support for Castore ambassador and investor Andy ...
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News briefsParis 2024 megastore open on Champs-Elyseés
The flagship store for the official boutiques of the Paris 2024 Olympic and Paralympic Games is now open to the public on the prestigious Champs-Elysées avenue, more precisely on Place Clémenceau, next to the Grand Palais and the Concorde Urban Park. The Paris 2024 megastore features around 1,000 sqm of ...
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News briefsOnitsuka Tiger will open its first Spanish flagship
Asics’ Onitsuka Tiger brand will open a large flagship store in Barcelona at 27 Paseo de Gracia, Modaes.com has reported. It will be Onitsuka’s first store in Spain. The opening is scheduled for October/November, according to the report. The premises, currently occupied by an Ecoalf pop-up store, have a surface ...
