All Sporting Goods Intelligence articles in Volume 35, Issue 7+8 – Page 4
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News briefsBasicNet's 2023 revenues rise to €398.6M despite brand revenue dip
BasicNet generated consolidated revenues of €398.6 million in 2023, up by 2.7 percent from the year earlier, as aggregate group brands revenues slipped by 10.4 percent to €1.14 billion, preliminary results show. The Italian company, which is the parent of such brands as Kappa, Robe di Kappa, K-Way, Superga and ...
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News briefsLululemon accused of “greenwashing” by climate group Stand.earth
Environmental advocacy organization Stand.earth has announced an anti-competition complaint against Lululemon Athletica with respect to its “Be Planet” marketing campaign. The complaint was submitted to Competition Bureau Canada. According to Stand.earth, Lululemon “misleads customers about its environmental impact.” Lululemon’s own Impact Report, publicly released last autumn, revealed that the company ...
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News briefsSalter achieves 20% sales growth, equaling its record in 2020
Spanish gym equipment maker Salter saw revenues reach €14 million in 2023, a 20 percent increase from the previous year and the same as in 2020, at the peak of the pandemic crisis, CMDsport has reported. The growth was primarily attributed to the recovery of the B2B sector, which accounted ...
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ArticleTopgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024
Topgolf Callaway, which is working on several synergistic strategies to connect and grow its various businesses, is forecasting modest cash flow growth this year before it ramps up between 2025 and 2028 and bolsters earnings per share expansion starting next year. Despite currency headwinds and a difficult year-over-year comparison for ...
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News briefsAmazon Europe partners with Hewi to offer second-hand luxury goods
Amazon has partnered with high-end resale platform Hardly Ever Worn It (Hewi) to bring second-hand luxury items on Amazon Luxury Stores to customers in Germany, France, Spain and the UK. Hewi is based in London. The new partnership enables customers to browse second-hand items from luxury brands across women’s ready-to-wear, ...
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News briefsLacoste has a new EVP for global finance
French sportswear brand Lacoste has appointed Philippe Gautier as Executive Vice President of Finance. He takes over the role from Denis Lamoureux, who started in 2017. Gautier has more than 30 years of experience in finance, mostly at fashion and luxury groups. Most recently, he served as Group Chief Financial ...
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ArticleSquash racquet market is poised to increase, but needs more visibility
According to a recent report by Research and Markets, the global squash racquets market was valued at $175 million in 2022 and is expected to post a compound annual growth rate (CAGR) of 4.2 percent through 2028. Growth is driven by the sport’s increasing popularity and an expanding player base, ...
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News briefsBrooks reports 5% sales growth and a record number of units sold
Brooks Running finished 2023 with revenue growth of $1.2 billion, representing a 5 percent increase year-over-year and a record of more than 20 million units sold. Since 2018, Brooks’ compound annual growth rate (CAGR) exceeded 14 percent. In North America, the brand reached $1 billion in revenues in for the ...
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News briefsUEFA approves “United for Success” 2024-2030 strategy
The UEFA executive committee met in Paris on Feb. 7 and approved the “United for Success: UEFA Strategic Vision 2024-2030,” a roadmap to guide the organization and the wider European football community for the coming years. United For Success was created in consultation with national associations and by involving key ...
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ArticleEnda Athletic founder appointed as On’s head of Africa
Swiss running brand On has appointed Navalayo Osembo as its new head of Africa, signaling its commitment to broaden its activities on the continent. Osembo brings valuable experience to On, having recently sold Enda Athletic, a Kenyan running-shoe brand she co-founded in 2017. The acquisition by footwear ...
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News briefsFoot Locker launches basketball program with Nike and Jordan Brand
Foot Locker has unveiled a year-long basketball initiative in collaboration with Nike and Jordan Brand, aiming to harness the influence of their athletes for a series of events, clinics and social media content. Named “The Clinic,” this program will debut during the 2024 NBA All-Star Game weekend in Indianapolis, featuring ...
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News briefsAthleta launches high-performance “Train” collection
Athleta has made its mark with yoga and pilates apparel. Now it’s expanding into high-performance training.
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News briefsVF Corporation makes board appointment
VF Corporation has added Caroline Brown to its board of directors. This move comes after VF engaged with its shareholders, including Engaged Capital, in productive discussions. According to a statement released by the company, VF plans to appoint another independent director to the board soon, prioritizing candidates identified by Engaged ...
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News briefsFootway secures €7m to bolster financial position
Footway has secured SEK 80 million (€7 million) in financing to strengthen its financial position and ensure the successful completion of its reconstruction. The financing includes a directed new share issue of 50 million SEK (€4.4m) in B-shares and a strategic collaboration with Juni, to boost its accounts payable ...
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News briefsKanye West spent $7 million on Super Bowl commercial, $0 on production – and it worked
In many ways, Super Bowl commercials are just as much a spectacle as the game itself. These ads are scrutinized every year, and for those not fully invested in the sport, they add an extra layer of enjoyment. They could also be a part of the reason why this year’s ...
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News briefsHoka names President, setting course for growth and innovation
Hoka, a footwear brand within Deckers Brands, has appointed Robin Green as its new President, with immediate effect. Green is bringing to Hoka’s executive team a wealth of experience from her recent role as Global Vice President of men’s running and fitness at Nike. Reporting directly to Dave Powers, CEO ...
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News briefsColumbia tech goes to the moon
Columbia Sportswear has partnered with Intuitive Machines, a space exploration company, to advance its technologies and material innovations. The goal is to “lay the foundation for a sustainable human presence on the moon” with Omni-Heat Infinity, a proprietary heat-reflective technology developed by Columbia. Intuitive Machines will incorporate Columbia’s technology into ...
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News briefsSuper Bowl LVIII breaks TV records with thrilling showdown and star-studded lineup
Super Bowl LVIII, played at Allegiant Stadium in Las Vegas, has rewritten the TV viewership playbook in the US. CBS, under Paramount’s ownership, hosted the game, attracting an astounding average of 123.4 million viewers. This figure surges past the previous record set by Fox during Super Bowl LVII, in 2023, ...
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News briefsA record year for professional pádel
Over the course of 2023 the International Padel Federation (FIP) – which conglomerates the Premier Padel, Cupra FIP Tour and FIP Promises circuits – held 160 tournaments for some 6,000 registered players. Of these 4,874 were professionals, hailing from 72 countries, and of the professionals 1,362 (28%) were women and ...
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News briefsSport participation enhances academic performance, new study highlights
New research has found a correlation between continued participation in sports, whether on teams or individually, and improved academic performance. The article, signed by researchers at the universities of Sydney and Manchester and titled Sport Participation for Academic Success: Evidence From the Longitudinal Study of Australian Children, was published in ...
