All Sporting Goods Intelligence articles in Volume 35, Issue 7+8
View all stories from this issue.
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 7+8
Nike announces 2% workforce reduction | Asics eyes modest FY24 growth, but flat sales in Europe | Topgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024 | XXL promises Ebitda improvements amid cost-cutting | European market remains strong for Under Armour | Wolverine makes progress on turnaround but more bumps likely | KMD Brands sees soft H1 group sales | Alpargatas’ write-offs impact Q4 Ebitda, adjusted gross margins | GoPro’s retail strategy ahead of plan despite Q4, FY losses | Crocs brand kicks off 2024 with momentum, $5bn sales target not until later | HanesBrands plots next moves for Champion business | Mizuno posts strong nine-month results, lifts FY outlook | Tiger Woods unveils Sun Day Red apparel brand | Enda Athletic founder appointed as On’s head of Africa | Winter sports industry unites for climate action, join UN Race to Zero campaign | Xponential completes divestiture of Stride Fitness | Sales at AFP up 8%, though short of expectations | Unfair competition: HDE calls for clear rules for Temu & Co | Squash racquet market is poised to increase, but needs more visibility
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News briefsNBA demonstrates NB-AI in Indianapolis
At its invitation-only All-Star Technology Summit on Feb. 16 in Indianapolis, the NBA introduced something called NB-AI. According to MSN.com, it is a prototype chatbot and voice assistant with potential for integration into the NBA app. It would enable users to ask for more information about the ...
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News briefsPuma partners with F1 Academy
Puma has unveiled a new partnership with F1 Academy, a female-only racing championship, which will start its second season in early March. Under the terms of the agreement, Puma becomes a key race gear supplier to six F1 Academy drivers. The brand is also making a statement with “one exceptional ...
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News briefsBowflex may be on the brink
Bowflex, the publicly traded fitness company, which rebranded itself from Nautilus, is facing liquidity issues that may lead to a bankruptcy filing or an outright sale of the Seattle-based business. In a public filing yesterday, the company cited both deteriorating macroeconomic concerns and a decline in customer demand, challenging its ...
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ArticleWolverine makes progress on turnaround but more bumps likely
Wolverine Worldwide’s CEO leads turnaround, aiming for $140M profit gains in 2024. Despite Q4 losses, strides made in inventory and debt.
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News briefsSaudi Arabia to host one if its first international women’s football championships
This year, according to SportsProMedia, Saudi Arabia will be hosting the West Asian Football Federation (WAFF) women’s championship, now in its eighth edition and scheduled for Feb. 19–26 in Jeddah. Never before has an 11-a-side women’s soccer tournament been held in the country, and never before has the Saudi Arabian ...
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Infographics & DataFull list: Global sporting goods industry stock market performers
How did the sporting goods industry do in 2023? Download our list of the 86 stock-listed sporting goods companies and their results from last year.
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News briefsAdidas Originals and Edison Chen unveil new Superstar sneaker
Adidas Originals and Edison Chen, in the wake of their successful debut collaboration at Shanghai Fashion Week, unveil their first global footwear release: the Clot Superstar by Edison Chen. This partnership marks the convergence of two iconic entities, promising a fresh era of creative innovation and cultural exchange. The Clot ...
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News briefsEngland Golf signs IWG’s “Brighton plus Helsinki Declaration”
England Golf, the governing body for amateur golf in England, has announced that it has signed the International Working Group (IWG) on Women and Sport’s “Brighton plus Helsinki Declaration.” It is the first golfing body in the U.K. to do so, claims England Golf. The Declaration was signed by England ...
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News briefsAsics partners with Saudi Sports for All Federation
Asics Arabia, the Middle East arm of Japanese sportswear brand Asics, and the Saudi Sports for All Federation (SFA) have joined forces in a partnership to promote sports and physical activities in the Kingdom. Under the terms of the agreement, Asics Arabia will serve as a strategic partner for two ...
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News briefsPepsi and Shaq Unveil Unique ’Sneak’er Collaboration
In a nostalgic reunion, Pepsi and basketball icon Shaquille O’Neal have joined forces with Reebok to unveil the Pepsi ‘Sneak’er. Crafted from an original pair of Reebok Pump Shaq Attaqs, the sneakers feature a mini can of Pepsi embedded in the sole. Shaq debuted the custom kicks during All-Star weekend, ...
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News briefsSkechers opens new distribution center in Japan
Skechers is launching a new high-tech distribution center in Minato City, Tokyo. The facility was built with technology from Hai Robotics, with support from material handling consulting company MHE Solutions. The investment is meant to help Skechers meet the growing demand for its products on the Japanese market. The Hai ...
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News briefsBjörn Borg's footwear partner undergoes restructuring
Serve&Volley, the footwear licensee partner of Björn Borg, a subsidiary of Unlimited Footwear Group, has begun restructuring proceedings in the Netherlands. The company is responsible for designing and distributing Björn Borg shoes across Europe, excluding Sweden, Finland, and Denmark. CEO of Björn Borg, Henrik Bunge, stated, “We had already started ...
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News briefsArsenal unveils sporty fashion line
Arsenal Football Club has unveiled a new fashion line inspired by its Hale End academy, designed by emerging talent Naomi Brady. The collection, comprising 10 pieces, aims to celebrate “future brilliance on and off the pitch” and includes a windbreaker jacket, sweatshirt, and hoodie. Brady, a South London native, was ...
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News briefsStellar 2023 at 360 Padel Group
360 Padel Group’s revenue for 2023 rose 20 percent year-on-year to exceed €60 million, according to TradeSport. The company’s Pádel Nuestro retail division saw B2C sales rise 22 percent, with own stores doubling their sales. B2B sales rose by 12 percent. Sales at the pádel brand Siux (ProPadel Group), with ...
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ArticleKMD Brands sees soft H1 group sales
All three of KMD’s brands – Rip Curl, Kathmandu and Oboz – suffered a year-over-year sales decline in the first half that ended Jan. 31, with their aggregate revenues projected to be down by 14.5 percent to 469 million New Zealand dollars (€267.3m). Amid ongoing weakness in consumer sentiment during ...
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ArticleUnfair competition: HDE calls for clear rules for Temu & Co
In a time where German companys abide the rules and laws, masses of goods that violate all regulations are entering the German market.
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News briefsFútbol Emotion expands its warehousing
Fútbol Emotion has rented a third warehouse at the Plataforma Logística de Zaragoza (PlaZa), taking what Director of Operations and co-owner Sergio Marías calls “a very important step in our growth as a company.” The warehouse covers 15,350 square meters and has a dozen loading docks. In total warehouse space, ...
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News briefs360 Padel Group shutters its running e-comm
StreetProRunning, the e-commerce platform set up by the founders of Pádel Nuestro, stopped selling its running shoes and related products on Feb. 2, as we have learned from CMDsport and confirmed on the website. The company is still handling guarantees and returns. StreetProRunning came online in the summer of 2016 ...
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News briefsGarmin soars to No. 2 on Forbes' America’s best employers list
Garmin clinched the No. 2 spot on Forbes’ prestigious 2024 America’s Best Large Employers list, marking its highest ranking yet and standing as the top-ranking tech company. In collaboration with Statista, Forbes conducted a comprehensive survey involving thousands of U.S.-based workers, evaluating employers on various aspects including compensation, corporate culture, ...
