All Sporting Goods Intelligence articles in Volume 35, Issue 5+6 – Page 4
-
News briefsDakine and Gore-Tex launch ‘Gloves for Gloves’ initiative
Dakine and Gore-Tex have announced a new industry initiative called “Gloves for Gloves.” The project kicked off in 2023 with the donation of over 2,000 pairs of gloves to those living in colder regions. The plan now is for Dakine to expand the program to Canada and Europe, with a ...
-
News briefsMilan pádel show grows
The second edition of Padel Trend Expo, devoted to both the B2B and the B2C sides of the sport of pádel and previewed by us in mid-January, increased its attendance year-on-year by 23 percent, according to Tradesport. Held on Jan. 19–21 at Allianz MiCo in Milan – and organized by ...
-
News briefsJordan Brand to jump on the clog trend
Source: Jordan Jordan Roam The clog trend continues to surge. Ever since Adidas and Yeezy launched their slides and Foam Runners, clogs have experienced a resurgence, with brands like Crocs capitalizing on the momentum. Jordan Brand is eager to join the trend. While they’ve previously released several ...
-
News briefsTradeinn hits a half-billion in annual revenues
The Spanish e-tailer Tradeinn, as Diffusion Sport reports, rounded out its full year 2023 with revenues of about €500 million, a milestone in its history and a meeting of its projection from June. The total represents an increase of 15.2 percent from the €434 million for the full-year 2022 and ...
-
News briefsUK ski clothing brand Perfect Moment files for US IPO
London-based skiwear brand Perfect Moment Ltd plans to list on the NYSE American (formerly AMEX) under the symbol “PMNT“ and raise $8 million by offering 1.2 million shares in a price range of $6 to $7. The company had previously requested an offering of 2.5 million shares in the same ...
-
ArticleSkiStar tests fossil-free ski resort
The Scandinavian ski resort operator SkiStar is taking a significant step in the transition to fossil-free operation and is testing the complete electrification of a ski resort. The pilot project is being carried out at SkiStar’s Hammarbybacken ski resort in Stockholm. With the pilot project, SkiStar wants to show that ...
-
News briefsYarn Expo Spring showcases textile innovations, advancements
Yarn Expo Spring, the leading yarn and fiber sourcing platform in Asia, is gearing up to host over 500 exhibitors from 10 countries and regions. Spanning across 27,000 square meters, manufacturers will present a diverse range of products across multiple burgeoning sectors. With significant advancements, the synthetic fibers market is ...
-
News briefsEl Corte Inglés is the latest signatory to Spain’s SCRAP
El Corte Inglés has become a member of Spain’s Association for the Management of Textile and Footwear Residues. In its brief history – it was founded a year ago, last January – the association has obtained the membership also of Decathlon, H&M, IKEA, Inditex, Kiabi, Mango and Tendam. It was ...
-
News briefsIronman names Scott DeRue new CEO
Source: Ironman Scott DeRue The Ironman Group has appointed Scott DeRue as its new Chief Executive. DeRue joins from the gym chain Equinox, where he served as President and led a global lifestyle brand and a health & wellness business that included 107 fitness clubs. He succeeds ...
-
News briefsPGA Tour nears $3 billion deal
According to Bloomberg, the PGA Tour is on the verge of finalizing a massive deal with Strategic Sports Group (SSG) that could generate $3 billion for the PGA Tour. The deal has nothing to do with Saudi Arabia’s PIF and is unrelated to LIV or the DP World Tour. SSG, ...
-
News briefsSigna Holding withdrawn from self-administration
By order of the Commercial Court of Vienna dated Jan. 25, 2024, Signa Holding GmbH was withdrawn from self-administration upon its own request. The proceedings will now be continued as restructuring proceedings without self-administration. This was announced by the Viennese lawyer, Dr. Christof Stapf, who was appointed as administrator. The ...
-
News briefsCrocs launches trail-ready hiking clog
Crocs has introduced a new shoe geared towards more rugged adventures. Dubbed the Crocs Quick Trail, this new footwear offering is an upgraded version of the brand’s Classic Clog, a familiar sight for many. While not entirely new, the shoe once existed in an extremely limited edition. With the trend ...
-
ArticleOpportunities ahead – WFSGI and McKinsey release 2024 report
2023 was a year of ups and downs. Despite facing challenges, WFSGI and McKinsey’s new Sporting Goods Report argue that it’s not all headwinds.
-
News briefsX-Bionic and Challenge Family collaborate
Source: X-Bionic The Challenge Family triathlon event series, which has been running for over 20 years, and X-Bionic have announced a four-year partnership that will see the performance sportswear supplier become the official equipment partner of the series. Challenge Family is one of the world’s most important ...
-
News briefsTemu opens doors to US and European sellers
Temu, a Chinese shopping marketplace known for its low-price offers, is set to welcome both American and European sellers onto its platform starting March 15. Unlike Chinese sellers, who must send products in bulk to Temu’s warehouses in China, European and American partners can ship their goods directly to customers. ...
-
ArticleGerman e-commerce sales bottom out
Consumers’ lower propensity to shop was once again reflected in significantly lower overall sales in German e-commerce in 2023, according to the German e-commerce association bevh. Gross sales of consumer goods fell by 11.8 percent to €79.7 billion for the first time in 2023, compared to €90.4 billion in the ...
-
News briefsEbay slashes 1,000 jobs amid economic struggles
In a recent internal memo made public, eBay’s CEO, Jamie Iannone, announced plans to reduce the company’s workforce by 9 percent, amounting to approximately 1,000 jobs. The memo cited external challenges, including a “challenging macroeconomic environment,” as reasons for the downsizing, noting that the company’s expenses have outpaced its business ...
-
News briefsSigna’s KaDeWe Group files for insolvency
Following various former Signa subsidiaries, the long-standing department store KaDeWe in Berlin has also filed for insolvency. The KaDeWe Group also includes the luxury department stores Alsterhaus in Hamburg and Oberpollinger in Munich, which would, therefore, also be affected by the proceedings. The company announced that the stores would, however, ...
-
ArticleSeveral potential buyers for SportScheck
The Munich-based law firm Müller-Heydenreich Bierbach & Kollege, specializing in restructuring and insolvency administration, announced that the search for investors for the insolvent German sporting goods retailer SportScheck is progressing successfully. According to the provisional insolvency administrator Axel Bierbach, numerous interested parties had submitted offers by the end of the ...
-
ArticleBASF and Inditex unveil Loopamid, a circular Nylon 6 based entirely on textile waste
BASF and Inditex jointly announced on Jan. 23 a breakthrough in promoting circularity in the textile industry. With the launch of Loopamid, a Polyamide 6 (a synthetic polymer widely used in numerous textile applications due to its excellent mechanical properties and versatility, also known as Nylon 6) made from 100 ...
