All Sporting Goods Intelligence articles in Volume 35, Issue 3+4
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 3+4
Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4% | Puma shares decline on FY24 outlook | Amer Sports looks to raise $1.8bn from IPO next week | Campion to leave Nike after 17 years, joins UCLA | New CPO, President of Americas at Under Armour | Wolverine Worldwide sells Sperry to Authentic | Founder of Snipes steps down as CEO | Sprague becomes new CEO of POW | Decathlon Austria with successful 2023 | Russia faces 50% increase in prices for European sporting goods | Puma named “Top employer globally” | ANWR Group accelerates positioning of affiliated retail networks | Counterfeit products cost EU companies €16 billion in sales each year | A review of pro golf’s pending big deal | Vivobarefoot, Balena present 3D-printed, customized and fully compostable shoe
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News briefsNew board and chairman at pickleball rating company
Dynamic Universal Pickleball Rating (DUPR), the company behind the eponymous rating system, has new ownership and a new board of directors, thanks to $8 million in funding from new investors. Chief among these is David Kass, real estate developer and owner of the Columbus Pickleball Club and now owner and ...
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News briefsJD.com and Evri collaborate
Chinese e-commerce company JD.com has entered into an agreement with delivery firm Evri, aiming to provide increased access for brands from the UK to the Chinese customer base. According to Evri, this collaboration will “open doors for European brands and merchants, particularly in the UK, providing them access to JD.com’s ...
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ArticlePuma shares decline on FY24 outlook
Shares in Puma SE declined by €4.49 to €38.49 yesterday, to their lowest level in more than five years, after the group issued a FY24 outlook below the consensus estimate and revealed preliminary FY23 results that were negatively impacted by the “extraordinary devaluation” of Argentine’s Peso in December. Nonetheless, ...
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News briefsHacker attack hits Swedish sports chain Stadium
Over the weekend, the Russian-tied hacker group Akira carried out a cyber attack against the Finnish IT provider Tietoevry. This forced the provider to shut down Primula, Sweden’s largest HR system. In addition to managing 120 Swedish government agencies, the attack also affected the Swedish sports retail chain Stadium. Stadium’s ...
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News briefsGolf Datatech to join Circana
Golf Datatech is set to become a subsidiary of Circana, formerly IRI and The NPD Group, following an agreement reached between the two companies. The acquisition aims to enhance Circana’s research offerings, with the goal of providing comprehensive research across the entire golf industry, including major retail channels. The deal ...
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News briefsPhantom Glide unveils innovative Nordic ski wax
Phantom Glide, DPS Skis’ permanent high-performance base treatment, has introduced a new ski wax named Phantom Glide Nordic. As the name suggests, the wax is designed specifically for Nordic skiing, a discipline where glide is paramount. The company states that the new wax is environmentally conscious, delivering the same eco-friendly ...
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News briefsFootway group secures debt settlement
Footway Group has had its reconstruction plan approved, entailing a debt settlement where the e-commerce company will pay approximately 70 million Swedish kronor (€6.17m) to its creditors in mid-March. The decision had broad support among creditors, and the reconstruction is expected to conclude in three weeks. According to the company, ...
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News briefsXXL switches to Walley as payment provider
XXL is changing its payment provider in the Nordic market. The company has been using Klarna for a while, but now it´s switching to Walley, which aims to assist the sports retail chain in developing multiple payment solutions. Walley will support both digital and in-store transactions, catering to individual consumers ...
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News briefsGrant Knudson becomes president at Sun Mountain
US manufacturer of golf equipment Sun Mountain Sports has brought on Grant Knudson as the President and Chief Brand Officer to lead the global commercial strategy focusing on sales, marketing and product innovation. With nearly 20 years of experience in the industry, Knudson joins from his previous role leading the ...
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News briefsJones Snowboards gets Fair Trade Certification
Jones Snowboards has set a groundbreaking standard for the industry by announcing that its upcoming 2024/25 snowboards and split boards will carry the Fair Trade Certified label. This distinction positions Jones as the pioneer among ski and snowboard hardgoods brands to secure certification from the non-profit organization Fair Trade USA. ...
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ArticleGoogle is phasing out the cookie
In a plan subject to approval from the UK’s Competition and Markets Authority (CMA), Google is hoping to eliminate the third-party cookie from its browser, Chrome, in the second half of this year. Meanwhile, the company is rolling out to 1 percent of Chrome’s users a new thing called Tracking ...
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ArticleMore industry stakeholders join Spiber to build global circularity solution
Spiber Inc. announced and welcomed new partnerships with DyStar, Kering’s Material Innovation Lab (MIL), Eileen Fisher Inc. and Johnstons of Elgin at the Biofabricate materials conference in Paris on Jan. 12-14. The companies joined Spiber’s Biosphere Circulation project, which presents a pioneering methodology for regenerating biobased and biodegradable textile and ...
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News briefsEgym and Life Fitness expand partnership
In a strategic move to elevate the realm of fitness, Egym and Life Fitness, two global powerhouses in the industry, have announced the reinforcement of their strategic partnership. The collaboration aims to “revolutionize the cardio workout experience” by integrating Egym’s fitness technology with Life Fitness cardio equipment, promising gym-goers an ...
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News briefsManchester United plans to launch new e-commerce platform
Manchester United said it will launch a new e-commerce offering later this year and has chosen Scayle Commerce Engine as the official e-commerce platform partner. This is to ensure that the soccer club has one of the most modern commerce platforms in the industry. The new webshop will be developed ...
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News briefsCelanese and Under Armour develop new stretch fabric
Source: Under Armour At the Fiber Spinning Lab at The Nonwovens Institute, NC State University Celanese and Under Armour have joined forces to introduce a groundbreaking performance stretch fabric named Neolast. This material is poised to offer the industry a superior alternative to elastane, commonly known as ...
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News briefsDesigner Brands appoints Deckers veteran as Brands President
Source: Designer Brands Andrea O’Donnell Andrea O’Donnell has been appointed Brands President and Executive Vice President of Designer Brands, effective Jan. 29, 2024. O’Donnell will be responsible for all of Designer Brands Inc.’s owned and licensed brands, which include Keds, Topo Athletic, Hush Puppies, Le Tigre and ...
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News briefsZinchenko signs with Skechers
Ukrainian superstar Oleksandr Zinchenko has signed a new deal with Skechers, making him the company’s second ambassador.
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News briefsNew Balance opens four concept stores in Cambodia
New Balance is making a significant splash in Cambodia as it enters the market with the opening of four concept stores in Phnom Penh. According to Inside Retail, the footwear brand has strategically chosen locations, with four stores situated at Chip Mong 271 Mega Mall and spanning three Aeon malls ...
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ArticleAmer Sports looks to raise $1.8bn from IPO
Amer Sports, the parent of Arc’teryx, Salomon, Atomic, and Wilson, aims to sell 100 million shares for a listing on the New York Stock Exchange next week at an opening price of $16 to $18 per unit. The group, which will trade under the “AS” ticker, will float approximately 26 ...
