All Sporting Goods Intelligence articles in Volume 35, Issue 44+45 – Page 3
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News briefsAlibaba pays $433.5 million to settle shareholder monopoly lawsuit
Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit against it for monopolistic practices.
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ArticleVF Corp.’s turnaround continues to take shape
VF Corp. continues to make progress on its turnaround plan, delivering sequential sales improvement, a year-over-year increase in gross margin, and a 13 percent reduction in inventories in the second quarter that ended September 30.
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ArticleThe ‘Revice’ project is launched by Decathlon Germany
The new Revice project enhances repair services across Germany, accelerating circular economy efforts to quadruple repaired items by 2027.
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News briefsAdidas' debt rating outlook raised as H1 results exceed expectations
S&P Global Ratings revised the outlook for the debt ratings of Adidas AG to stable from negative.
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News briefsOn opens up two new stores in the US
New York and Chicago, there are the locations for On Runnings two new stores in the US.
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News briefsYue Yuen gives positive profit warning
The company said it has been optimizing its staffing levels relative to the demand in its order pipeline.
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News briefsFoot Locker steps into India
Foot Locker debuted in India on Nykaa and offline at Nexus Select City Walk in Delhi with its first store in the country.
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News briefsFestival dello Sport in Trento exceeds expectations
Among the speakers were sports stars like Carl Lewis, George Weah, Charles Leclerc and Tadej Pogačar, to mention but a few.
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ArticleFenix Outdoor reports mixed Results in Q3
In Q3, sales in the branded segment declined 21%, while the retail segment varied by region.
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Short stops
Short Stops Week 44, 2024
PEOPLE +++ World Triathlon has announced the election of Antonio Fernandez Arimany as the new President of the organization, to succeed Marisol Casado, who is stepping down after 16 years +++ Former biathlete Martin Fourcade has officially announced, in an interview with French sports newspaper L’Equipe, his candidacy for the ...
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C-Suite InterviewCraft’s CEO: ‘In five years we will double our turnover to €350 million’
Swedish Craft has really good momentum. The company, which 25 years ago was best known for its blue and black underwear, now has a turnover of SEK 2 billion (€175m) and is a recognized brand in running, cross-country skiing and cycling. With CEO Stefan Persson at the helm, the goals are set high: in five years, turnover is expected to double.
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News briefsDecathlon Pulse invests in Rebike to boost refurbished e-bikes market
The investment aligns with Decathlon’s strategy of accelerating sustainability.
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ArticleRussian sporting goods market growth slows down
In 2024, the sporting goods market is largely driven by growth in sales in the SUP board segment, where the demand spiked by 176 percent during the first seven months of the year, Check Index estimated.
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ArticleSkechers sees rebound in India, stumbles in China in Q3
Overall, Skechers’ revenues in the third quarter rose by 15.9 percent to reach $2,347.7 million.
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News briefsPing to launch Junior Golf Tour in the UK
The initiative will provide junior golfers aged 6-21 with a series of junior events across the country.
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ArticleHoka continues to shine and makes Deckers raise guidance in better-than-expected Q2
Deckers raises its sales and earnings guidance for the full fiscal year as the growth of its Hoka brand continues to accelerate.
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News briefsSaucony sales makes Xtep Intl. to update it's Q3
The Chinese sports brand, which owns the Chinese rights to Saucony, K-Swiss, and Merrell, updated its Q3 numbers after seeing sales rise.
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News briefsHummel partners with fashion brand for new national jersey
The Danish fashion brand Halo, in collaboration with Hummel, has designed a new national team jersey.
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News briefsToca Football raises $100m
Toca Football, which builds and operates “soccer training centers” and related “social entertainment venues,” has raised approximately $100 million in a Series F round.
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ArticleTopsports’ H1 revenues, profit tumble
Greater China’s top Nike and Adidas retailer saw sales, profit and gross margin fall in the six months to August 31.
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