Latest Headlines – Page 40
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ArticleSportsShoes.com reports 20% sales growth in Q1, 140,000 new customers
SportsShoes.com has announced sales figures for its Q1 of the fiscal year that began March 1, 2023. According to the report, the British e-tailer, which was founded in 1982, saw its sales surge by 20 percent year-on-year to £83.8 million (€97.3m). At the same time, it added 140,000 new customers ...
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ArticlePangaia and Goldwin first to join Spiber’s “Biosphere Circulation” program
Japanese biotechnology start-up Spiber has introduced the “Biosphere Circulation Program,” a breakthrough method for upcycling biobased and biodegradable textile and agricultural waste through the use of the company’s proprietary fermentation technology. The main objective of the program is to develop a global solution to produce fully recyclable textile products that ...
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ArticleA pádel headhunter and consultant surveys the court
Fernando Blanca has given CMDsport a tour of the world of pádel from his perspective as director general of the specialized headhunting agency Padel Recruits and director of marketing and international business development at the consultancy World of Padel. The state of the sport overall is “good,” with steady growth ...
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ArticleAllbirds is giving away the secrets of its net-zero shoe
Allbirds has released the details of its net zero carbon shoe, M0.0NSHOT, and, in a bid to encourage competitors to create their own version, is giving away its entire methodology.
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ArticleSSU lands €150 million in funding, says worst of market disruptions are over
Signa Sports United (SSU), while bracing for less-than-stellar FY23 results impacted by macroeconomic headwinds and high industry inventory levels, is taking steps to generate €100 million in Ebitda savings by FY25 and less operational complexity in FY24 that will return it to profitable, long-term growth. Meanwhile, the Germany-based e-commerce company, ...
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ArticleJD Sports sees softer North America but holds guidance
JD Sports Fashion reported some softening in trade in its North American business in June, but this would be offset by growth in demand in the UK, Europe and Asia Pacific – allowing it to maintain annual guidance. Despite the US and Canadian markets’ slowdown, the UK retailer still expects ...
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ArticleOrthoLite appoints new GM for India
Source: OrthoLite India Vikash Bajargyan OrthoLite, the global leader in branded comfort footwear, announces the appointment of Vikash Bajargyan as the new General Manager of OrthoLite India (OIN). In his new position, Bajargyan will oversee OIN’s overall operations. This includes leading manufacturing and business development, as well ...
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ArticleHamburg Declaration to combat physical inactivity renewed, IOC supports efforts
Despite individual political efforts, including the German Prevention Act in 2015 and, in 2020, the World Health Organization’s “Global action plan on physical activity,” the trend toward global inactivity has not yet been significantly reduced or even reversed. Renowned scientific societies and organizations have therefore been calling for years on ...
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ArticleInvestment company acquires Aqualung Group
Barings, a global investment manager, has entered into exclusive discussions to acquire 100 percent of Aqualung Group, owner of the Aqualung, Apeks, Aquasphere, Omer, Military Professional, Stohlquist and U.S. Divers brands of diving equipment and water sports. Aqualung, the Group’s best-known brand, pioneered the development of modern diving equipment in ...
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ArticleAfter Mexico, Shein plans to roll out in Europe’s larger markets
Shein, the Singapore-based fast-fashion online retailer, announced that it is expanding its marketplace to Mexico, and that launches in Germany, Spain, France and Italy “will soon follow suit.” The marketplace was previously rolled out in Brazil and the U.S. Shein noted that the local marketplaces offer products from third parties ...
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ArticleVuzix OEM consumer smart eyewear business enters countdown phase
At its annual general meeting, held last week at the company’s headquarters, Vuzix announced that it plans to sell 50,000 to 75,000 enterprise products in 2023. The smart glasses supplier predicts that the market for such smart glasses will grow 20- to 50-fold to $2.5 billion by 2028, and estimates ...
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ArticleAmer Sports gets upgraded by S&P Global
Amer Sports, the parent of Arc’teryx, Salomon and Wilson brands, last week received an upgrade on its credit rating to B+ from B and a stable outlook from S&P Global. The credit rating agency, which is projecting revenue growth of 17 to 18 percent for Amer this year and 8 ...
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ArticleInternational Boxing Association expelled from Olympic movement
The International Olympic Committee (IOC) has withdrawn recognition of the International Boxing Association (IBA), formerly known as Association Internationale de Boxe Amateur (AIBA), in connection with allegedly unresolved finance, governance and ethical issues. It is the first time in the IOC history that a sport’s governing body is expelled from ...
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ArticleVans replaces The Vault with OTW by Vans as its new top product category
Vans has unveiled its new top category called OTW by Vans. The VF Corp brand explains that it is a “new platform where the brand’s most elevated product expressions and brand experiences come together with the innovators of art, design, style, skate culture and entertainment.” As a result, the previous ...
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ArticleAsics announces progress towards its sustainability targets in new report
Asics has released its 2022 Sustainability Report, which outlines the company’s progress toward its medium- and long-term sustainability targets. Asics’ sustainability framework encompasses the two main pillars of “People” and “Planet,” both aligned with the United Nation’s Sustainable Development Goals (SDGs). The introduction of the “Gel-Lyte III CM 1.95” sneaker ...
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ArticleSportmaster takes over one Decathlon store, while Russian offshoot reportedly sold and reopening
Russian sporting goods retailer Sportmaster has opened a new store under the Sportmaster Pro banner in the Raduga Park shopping center in Yekaterinburg, taking over a location previously occupied by Decathlon. This is the first time that Sportmaster has taken the place of the French retailer. In early 2023, the ...
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ArticleLaLiga launches online store with Fanatics
Spain’s LaLiga has announced its first-ever official online store with digital sports platform and licensed sports merchandise giant Fanatics, as part of a wide-reaching omnichannel retail and production partnership. The official LaLigaStore will launch globally this summer, ahead of the start of the new football season. Fans will be able ...
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ArticleRussian athletic apparel market in turmoil
The Russian market for sportswear has become strained with the departure of industry leaders Nike, Adidas, Puma and Reebok, as well as smaller European players, over the past year, according to several Russian publications. This segment has suffered much more from Western sanctions than the sporting goods market in general. ...
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ArticleAnalysis: Double-digit increase in sales per employee in 2022
We bring you employee numbers at the world’s biggest sporting goods companies, sales per employee, and how these compare with other industries.
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ArticleFormer Decathlon Partnership Director joins Wasserman
Source: Wasserman Wim Mathues Global sports, music and entertainment agency Wasserman has appointed former Decathlon Partnership Director Wim Mathues as SVP of Brands and Properties in Belgium and the Netherlands. The appointment is the latest step in the agency’s growth strategy in Europe and follows the acquisition ...
