Latest Headlines – Page 48
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ArticleDACH market: Germany with the lowest purchasing power, says GfK
With a total of €49,592, the people of Switzerland have significantly higher per capita purchasing power in 2023 than the inhabitants of their neighboring countries, Austria and Germany. Austrians have €26,671 per capita available for spending this year, while Germans have €26,271. This means that Germany now comes last in ...
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ArticleMilano-Cortina 2026: IOC favors bobsleigh solution outside Italy
The International Olympic Committee (IOC) has formally informed the International Commission for the Protection of the Alps (CIPRA) that there is no need to build a new bobsleigh track for the 2026 Winter Olympics in Milano-Cortina. CIPRA had raised a number of critical questions earlier this year concerning the organization ...
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ArticleThis year’s best April 1 product releases
Did any of these fool you? We bring you the best April Fools’ Day product releases from sporting goods and outdoor brands this year.
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ArticleUnder Armour appoints Curry Brand president
Announcing a new long-term contract extension with the four-time NBA champion, Under Armour has ended months of rumors by naming Stephen Curry president of the Curry Brand, while also planning expansions in new and existing categories. Terms of the contract extension were not disclosed, but insiders said the deal could ...
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ArticleTecnica Group with new racing sport management
Source: Tecnica Group Manfred Mölgg and Jörg Ruedl Italy-based Tecnica Group has reorganized its racing department. Jörg Ruedl, who has been area sales and product manager for accessories and licensing at Nordica for 10 years, has taken over the position of racing business manager. Manfred Mölgg, a ...
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ArticleWFSGI cooperates with WHO to improve global health
The World Health Organization (WHO) and the World Federation of Sporting Goods Industry (WFSGI) have signed a Memorandum of Understanding (MoU) in Geneva that establishes a framework for collaboration to improve global health through increased physical activity and sports participation. Recent industry data shows that health and well-being are on ...
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ArticleAuthentic Brands Group makes binding offer to acquire Boardriders
Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform that owns more than 40 lifestyle, entertainment and media brands, including Reebok, Eddie Bauer, Spyder, Volcom, Airwalk, Nautica, Prince or Sports Illustrated, announced March 31 that it had made a binding offer to acquire Boardriders, the global action ...
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ArticleAnta Sports Products publishes ESG report 2022
Anta Sports Products Limited, owner of companies Fila, Descente and the Amer Sports group, including Atomic, Arc’teryx, Salomon and others, besides its own Anta brand, has published the 2022 ESG report for Anta that touches a broad range of operational and financial topics on 132 pages. The ...
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ArticleH&M increases pressure on EU with open letter on delayed REACH revision
Fashion giant H&M Group has sent a letter to EU authorities calling for more progressive chemicals legislation, particularly in relation to the upcoming revision of the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulation. The paper contains three demands to improve chemicals policy in the European Union: An ambitious ...
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ArticleIntersport Austria continues to push the bike segment
Despite a moderate winter and partly mild temperatures, the winter business went well for Intersport Austria. In the first half of the fiscal year (Oct. 1, 2022 - March 31, 2023), the Austrian retail group reports sales of about €380 million, up 5 percent from the previous year. Among the ...
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ArticleTokens here and everywhere
In a study it has recently released titled “Digital Assets Trends,” a company by the name of Reply has concluded that tokenization can be universal. In other words, just about anything can be turned into or paired with a digital asset on a blockchain. Over the past couple of years, ...
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ArticleEOG event program at OutDoor by ISPO
We show you the program of the European Outdoor Group at OutDoor by ISPO.
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ArticleLululemon exceeds $8bn in revenue, but impairment charge lowers FY profitability
Citing its balanced growth across channels, categories, and markets, Lululemon reported annual revenue growth of 30 percent in FY22 to $8.11 billion from $6.26 billion, with North American sales increasing 29 percent and jumping 35 percent everywhere else. But the group’s decision to take a $407.9 million impairment charge related ...
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ArticleNike publishes FY 2022 Impact Report
Nike has released its annual impact report, which provides an overview of the brand’s progress in achieving its goals across the three pillars of people, planet and play. In the report, there is a particular focus set on diversity and inclusion. The company has exceeded its goal for women in ...
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ArticleGerman e-tailer SportFits with record year
The southern German e-commerce company Tourispo has grown rapidly for the fifth consecutive year with its SportFits online shop, recording sales of €18.6 million in fiscal 2012. Despite the difficult overall economic environment, the e-tailer was thus able to achieve growth of 55 percent year-on-year and record an increase in ...
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ArticleSurvey: Millennials will lead global e-com spending in 2023
The latest ESW Global Voices survey shows that more than a quarter of the age group known as Millennials plan to spend more of their money online this year in health & beauty, luxury, apparel & footwear and consumer electronics. The consumer survey by ESW, a DTC e-commerce company headquartered ...
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ArticleEU releases proposal for new green claims law
With its new proposal for greenwashing legislation, the EU aims to protect consumers from greenwashing. But what exactly are the proposals?
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ArticleXtep Intl. sees annual revenues surge to all-time high
The publicly traded Chinese company Xtep Intl., whose business models consists of its own label for the nation’s mass market and four western brands (K-Swiss and Palladium, globally, and joint ventures for Merrell and Saucony in Mainland China) targeting the premium market, generated a 29.1 percent increase in 2022 total ...
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ArticleFila’s FY22 profitability driven by Acushnet
Korea-based Fila Holdings, facing sales channel adjustments in its home market and a promotional U.S. business, generated 80 percent of its FY 22 operating profit from its stake in Acushnet Co. The group’s FY22 net profit rose 25 percent on a constant-currency basis to KRW 467,544 million (€327.3m), with Acushnet ...
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ArticleTecnica Group wraps up record financial year
According to its 2022 financial statements just published, Italy’s Tecnica Group looks back on the highest results in its history, with sales of €561 million, up 21 percent year-on-year. Adjusted Ebitda amounted to €94.5 million, up 14 percent compared to FY2021. In 2022, the company also posted a consolidated operating ...
