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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 40+41
Nike’s FY25 gets off on the wrong foot, with Hill ready to lead the climb back | Global sports equipment contracts by 7.2% in 2023 | New Danish running shoe brand to premiere in April 2025 | New CEO for Sport 2000 Austria | Intersport Spain is raising €8 million in capital | JD Sports interims beat forecasts but Nike woes worry investors | ISPO collaborates with CIFF to put focus on sports fashion | Brooks has opened on a new Asian market | Sport 2000 introduces multi-category concept in Europe | Intersport flagship stores to open in three German cities | Elevate Outdoor Collective promotes COO to CEO | Frisk’s Reju opens its first textile regeneration center | Jürgen Klopp returns to leadership position as Red Bull’s Global Head of Soccer | German leather goods industry suffers steep sales drop | Meta introduces Orion augmented reality glasses | Atomic publishes new Impact Statement | Former NBA champion launches own performance brand | Softer consumer sentiment continues to hamper KMD Brands | Intersport Austria reports stable performance | Vail Resorts lays off 14% of corporate staff following quarterly report | Gymshark expands outside Great Britain
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 38+39
Nike has a new CEO | Analysis: The top sporting goods industry performers by sales and profit in Q2 2024 | Global sports apparel decelerated in 2023 for third consecutive year | Frasers aims to become the largest sports retailer in Benelux | Footway has sold Footway+ and halves its net debt | EU court upholds big Google fine | PSG and Snipes announce partnership | Intersport in partnership with EA Sports FC 25 for the first time | Olympic hype drives growth in Chinese sporting goods | B Corp certification secured for Bollé Brands | Private Sport Shop receives B Corp label | The footwear production in Italy continues to decline | Golden Goose H1 sales up by 12% driven by DTC | Rockport is sued by Skechers for alleged patent infringement | Manchester United posts loss amidst record revenues | Adidas opens two flagship stores in upcoming American Olympic city | LIV Golf announces five new team General Managers | Riddell faces patent suit over helmet technology
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 35+36+37
Under Armour revises FY outlook | Topgolf Callaway intends to split up the company | Foot Locker to close or relocate stores due to declining results in Q2 | Foot Locker customer prioritizes discretionary spending on footwear | Hummel outfits new big team and sets German record | Intersport Sweden gets new owners | Premiere for XXL’s new concept as chain opens new department store | Norway’s largest sports retail chains recorded a 3.8% decline in sales in Q2 | Puma has a new Senior Vice President Group Sourcing | New Head of Wholesale Central Europe for Ecco | New features for Google Chrome | Desport returns Decathlon goods to Russian store shelves | Lululemon drops FY outlook on more ‘cautious consumer landscape’ | Macron enters another new national sponsorship agreement | Two Shein suppliers used child labor in 2023 | Anta Sports reports flat H1 operating profit despite 14% sales growth | Xtep Intl. moving forward with three-prong strategy in China | Decathlon invests €100m to expand presence in India | Globe eyes stronger sales outside Australia in FY25 | Fresh relaunch of Elho and its Freestyle collection
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 32+33+34
Puma leaps up 2.1% in sales Q2 | Market Analysis: Global athletic footwear sales increase by 6.7 percent in 2023 | Under Armour begins rebuilding its ‘House’ amid Q1 loss | On reiterates FY outlook as EMEA accelerates in Q2 | Asics will hit FY26 targets early after blockbuster H1 | Amer Sports raises forecast, Ball & Racquet Sports sees moderate growth | VF Corp. optimistic that EMEA will spearhead Vans’ turnaround | Saucony making progress amid parent’s turnaround | Global footwear production fell 6% in 2023 | New executive leadership team for Scott Sports | New CEO at Intersport Austria | Deckers divests Sanuk | Fila Holdings’ Q2 profitability benefits from Acushnet | Topgolf Callaway explores strategic options and lowers FY outlook | GoPro plans cost cuts to achieve profitability by 2025 | New Q2 record for New Wave Sports, investment in US market launched | Mizuno’s Q1 operating income rises by 22 percent | HanesBrands taking a new direction sans Champion | Descente Q1 operating profit slips on higher costs | Golf balls and the US drive Acushnet in Q2 | Yonex Q1 operating profit swings 20 percent higher
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 30+31
Adidas’ results in step with earlier guidance | Columbia reports Q2 loss, but brand awareness rises in Europe | EMEA paces Skechers’ sales growth in Q2 | Another strong quarter for Deckers as Powers’ era ends | Brooks Running rebounds in EMEA | Frasers calls FY24 ‘a breakout year’ for future growth | Fitness, automotive segments drive Q2 sales at Garmin | DTC drives Moncler revenues in H1 | Polygiene’s cost-cutting measures take effect | Grupo SBF turns a profit in Q2, improves key figures | Galeria’s insolvency proceedings completed, restart under own management | Spinnova and Ecco invest in leather made from waste |Meta reportedly wants 5% in Essilux to develop smart glass business | While bike sales recover, Swedish retail declines for 10th consecutive quarter | Ski equipment market to post 4.33% CAGR by 2028, says new report | Playtomic’s 2023 in review for pádel | Asics tests production of customized on-demand insoles
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 28+29
Adidas raises FY forecast after better-than-expected Q2 | Footway Group Q2 report and announces sales of Footway+ | XXL Q2 sales disappoint, but signs of improvement in Sweden, Norway | After disappointing Q2 report – XXL’s CEO: “We will cut more in 2024” | Essilux steps out of line and acquires Supreme, and a med-tech company | Decathlon sets up new business entity for investments in future-oriented companies | Apparel manufacturer Hi-Tech Apparel acquires British software company Unmade | Brussels to close tax loopholes exploited by Chinese marketplaces | Anti-synthetics group forms in US Congress | Sanctions hamper Chinese sporting goods export to Russia | Indian fabric supply chain startup raises $1.6m | Decathlon leaves Sweden, replaced by Swedish giant | On with first robot-made spray-on shoe | Ryder Cup 2023 reportedly generated €262m for the Italian economy | The NBA’s winningest team is for sale | Michael Johnson launches new athletics league
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 25+26+27
Nike will aim to recapture mojo with innovation as it lowers FY25 outlook | Rip Curl showing positive DTC growth in northern hemisphere | Analysis: The top sporting goods industry performers by sales and profits in Q1 2024 | Golden Goose IPO postponed | Under Armour to begin move to new HQ | Altor buys Renewcell and starts Circulose | Taiwan’s fitness equipment giant Dyaco opens e-bike factory | New CEO at FootBalance | New management at Premier Padel | Unisport opens first store in Germany | On releases impact progress report 2023 | Decathlon’s extra-financial FY23 | TrusTrace launches updated AI-powered forced labor prevention solution | Puma continues major marketing offensive during Euro and Copa | Marucci, Victus become official bats of MLB | Intersport, Decathlon largest clothing retailers in France | New UK report shows physical and mental benefits of surfing | Shaun White launches first-ever professional halfpipe league | X Games plans to launch innovative X Games League | Apple seeking cheaper alternative to its VR headset
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 23+24
Analysis: The top sporting goods industry performers by sales and profits in 2023 | Analysis: The latest inventory levels in the Sporting Goods Industry, Q1 2024 | Lululemon business healthy; US dip caused by internal product, color issues | JD Sports bolsters North American presence, reports revenue growth ahead of Hibbett Acquisition | Foot Locker reaffirms FY outlook as ‘Lace Up’ strategy begins gaining traction | Zumiez sees improving trends, another loss in Q1 | Despite unsatisfactory 2023 result, Hummel’s CEO aims for top 10 market position | Athleta delivers for Gap Inc. in Q1 | Authentic Brands Group to acquire Champion from Hanesbrands | Sports fashion giant rises as New Era takes over ’47 | Foot Locker to spend as much as $1 billion on stores | XXL and Frasers Group forge strategic partnership | Golden Goose plans IPO in Milan in June | Authentic and Beaumanoir announce partnership for Boardriders brands in Western Europe | Cisalfa opens first Intersport Superstore to strengthen presence in Italy | Russian sporting goods industry is hit with a labor shortage | IOC might be losing a big sponsor
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 21+22
VF Corp. fails to deliver yet again, stock tumbles nearly 12 percent | Global survey on women’s sports calls for brand investment | Zwiebler appointed permanent CEO of WFSGI, set to advance global sporting goods initiatives | Technical Apparel segment drives Amer Sports’ Q1 revenue growth | Deckers eyes more double-digit sales growth after strong FY24 | Nidecker Group acquires iconic skate brands, expands legacy in action sports | Under Armour’s latest reset will take many months to unfold | Russian sporting goods market experiences surge in cross-border e-commerce | Castore opens first London outlet store at The O2 | Canada Goose exceeds expectations in Q4 due to DTC, North America´ | Alpargatas maps out new business strategy, turns Q1 profit | Grupo SBF’s Ebitda up 14 percent in Q1 | Google joins Walmart in new funding round for Indian e-tail giant | Galeria’s investors pledge €100m, seek restructuring, Sunday shopping and name change | Will longboarding surf into the LA 2028 Olympics? | Canada Goose’s new Creative Director’s first campaign pays tribute to Jane Fonda | Desport leases former Decathlon retail spaces in Russia
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 19+20
Puma sees improving trends ahead, maintains FY24 outlook | Asics’ Q1 operating income jumps by 53 percent, maintains FY outlook | On posts another strong quarter, re-affirms FY24 objectives | Acushnet maintains H1 outlook despite slow Q1 start in some regions | Mizuno FY results exceed forecasts | Brooks Running posts strong Q1 results | Allbirds reduces Q1 loss, confirms FY guidance | Descente FY net rises by 14 percent, sales up 5 percent | Orbea dips below €400 million in sales | Peloton reports another loss, restructuring as CEO departs | Paris 2024 to generate €9 billion for host region, new study reveals | U.S. Open champion Matthew Fitzpatrick joins Arccos as Investor and Ambassador | Hanesbrands still weighing options for Champion | Lululemon and Life Time launch co-branded apparel for pickleball’s surge | XXL relocates Swedish stores in response to soaring rents | Wolverine Worldwide appoints new Chief Financial Officer | Canada’s Competition Bureau launches investigation into Lululemon’s environmental claims | No more non-competes in the US | LIV Golf announces executive hires | Eastside Golf launches first women’s line, emphasizing authenticity and inclusion | Frasers Group revamps digital infrastructure to enhance retail operations | Criticism arises as sports brands fall short in designing boots for women | Decline in golf apparel sales signals market shift | Newcastle United introduces the SoundShirt to football | Gildan has strategy to gain share in targeted markets
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 17+18
Adidas sees strong Q1 metrics, better-than-expected results | JD Sports plans to acquire Hibbett in £899m deal, accelerating US expansion | Gymshark names GM, bolstering executive team for omnichannel expansion | XXL reports stronger gross margin, lower sales in Q1 | As wholesale recovers, Skechers raises 2024 sales and profit forecast | Garmin gains on positive results from all segments | Moncler brand revenues rose by 20 percent in Q1 | Esports World Cup with record purse of $60 million | Russia’s Sportmaster posts a 2023 revenue hike | Alipay+ launches football carnival across Asia for Uefa Euro 2024 celebration | Sprandi poised for comeback in Russia | Agilitas Sports obtains licence for Lotto in India, Australia and South Africa | Decathlon closes one more store in Sweden, only has one left | DFB Academy coaches bring German soccer to America | Foot Locker unveils new store concept at Willowbrook Mall |Finland’s Luhta reveals Olympic Collection from Rukka
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 15+16
US sporting goods imports decline sharply in Q1 | Court approves BowFlex purchase agreement | Decathlon’s global revenue surges by 4.4% to €15.6 billion | Superdry unveils restructuring plans amid financial struggles | “Biggest marketing investment ever”: Puma launches brand campaign | Climate responsibility rating: H&M and Inditex are better than Nike and Adidas | Asics study reveals link between teenage exercise and adult mental wellbeing | More trouble with uniforms for Nike, Adidas ends partnership with Parley for the Oceans | Decathlon France raised revenues | focused on circularity in FY23 | Lululemon unveils Team Canada’s kit for Paris 2024 | Protest supports NGOs and initiatives that ‘help everyone ride more’ | Agilitas Sports appoints former Adidas Design Director as VP Footwear Design | Asics presents new Nimbus Mirai as its “most circular shoe ever” | Change of Iberian plans for Sprinter, Sport Zone
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 13+14
Nike posts digital decline for first time in nine years | Lululemon posts strong Q4 results, some Q1 softness in US | Majority of Foot Locker’s annual non-US sales generated by five countries | DFB’s Strategic Shift: Adidas to Nike, Redefining Football Apparel’s Future | Anta Sports’ FY23 operating profit rises 45 percent | Fila Holdings continues to reshape business model | Busy summer of sports, soft comps should bolster JD Sports | Nike addresses backlash over England kit for Euro 2024 | Shein considers supply chain as a service | Grupo SBF improves key metrics in FY23 | Lamoda Sport and DeSport gear up development strategies | Competition on marketplaces is becoming increasingly difficult: Russian retailers
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 11+12
Adidas posts first loss in 30 years, eyes €500m operating profit in FY24 | Is Topgolf Callaway on the Market? South Korean sources says so | On eyes greater reliance on DTC, apparel | Allbirds has a new CEO | Zalando wants to cover 15% of the European fashion market | Puma achieves greenhouse gas reduction targets ahead of schedule | Decathlon rebrands to ‘ignite global passion for sport’ | The Weber era at Brooks is coming to an end | More losses at Allbirds | Xtep Intl. annual profit hits all-time high | Yue Yuen’s profit, sales slip in soft FY23 | Li Ning considers privatizing sportswear firm amid market challenges | Italy’s Cisalfa to take over SportScheck | Puma partners with Google Cloud to enhance online retail experience | Boxing equipment market to accelerate at a CAGR of 4% by 2027 | China’s athleisure market poised to hit $82.8 billion by 2024 | France’s proposal against fast fashion | Sympatex unveils new more sustainable dying solutions | Progress in ski boot recycling; call for collaboration | EFTA states and India deepen economic partnership with new trade agreement
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 9+10
Puma expects business headwinds to persist in H1 of 2024 | IIC reports another successful year | Technical apparel will fuel Amer Sports’ growth in FY24 | Frasers Group boosts board with key appointments | Foot Locker delivers tepid outlook, delays Ebit margin objective | Moncler Group’s FY23 Ebit increases by 15 percent | Acushnet pleased with golf’s resilience across the EMEA | Gymshark’s annual profit drops despite higher sales | Bowflex files for bankruptcy protection, reaches stalking horse agreement | OOSC Clothing secures £1.4m export finance deal to fuel global expansion | Moncler: Grinta withdraws from Double R, signs consultation agreement with RPH | Salomon launches 3rd gen of Index recyclable running shoe | Gildan results benefit from higher customer replenishment | Globe spinning in right direction with shift in focus | A bright future for pickleball in Spain? | Refurbed expands into the second-hand sporting goods market | A new player emerges in the Russian sporting goods market
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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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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 5+6
Adidas eyes €500m operating profit for FY24, most Yeezy inventories won’t be written off | The North Face, EMEA stronger in “challenging” VF quarter | Puma gets “A” rating for second year running on CDP Climate Change list | Intersport Germany continues to grow in 22/23 | Opportunities ahead – WFSGI and McKinsey release 2024 report | Decathlon releases VR shopping app in US | Amazon announces AI-powered shopping assistant | Done deal: PGA Tour announces investment agreement with Strategic Sports Group | Sport 2000 with stable development in 2023 | Deckers raises FY guidance, sets CEO succession plan after strong results | PayPal introduces six new checkout innovations | Macron posts 15 percent sales increase | Columbia faces revenue decline challenge | Real Madrid becomes football club with highest revenue, says Deloitte report | Sneaker design democratized? Zellerfield launches design platform | German e-commerce sales bottom out
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 3+4
Analysis: 2023 Market Cap of global Sporting Goods stocks rising 2.4% | Puma shares decline on FY24 outlook | Amer Sports looks to raise $1.8bn from IPO next week | Campion to leave Nike after 17 years, joins UCLA | New CPO, President of Americas at Under Armour | Wolverine Worldwide sells Sperry to Authentic | Founder of Snipes steps down as CEO | Sprague becomes new CEO of POW | Decathlon Austria with successful 2023 | Russia faces 50% increase in prices for European sporting goods | Puma named “Top employer globally” | ANWR Group accelerates positioning of affiliated retail networks | Counterfeit products cost EU companies €16 billion in sales each year | A review of pro golf’s pending big deal | Vivobarefoot, Balena present 3D-printed, customized and fully compostable shoe
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 1+2
Wolverine Worldwide on expected FY course, update on transformation | Amer’s Arc’teryx brand key to sales growth in China | JD Sports cuts profit forecast due to weak consumer spending | Footway Group announces extraordinary general meeting, restructuring nearing completion | Crocs expects record revenues, raises FY guidance | Uvex Sports Group with new executive management | Xponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan | A challenger rises in Spanish pádel e-tail
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PDF NewsletterSGI Europe Executive Edition: Vol 34 - 49+50
Nike eyes innovation, cost cuts to drive future results | Analysis: The world’s biggest sports retailers | Analysis: The top sporting goods industry performers by sales and profits in Q3 2023 | Asics sells outdoor subsidiary to Chinese investor | EU adopts supply chain directive | Manchester United reaches agreement for Ratcliffe to acquire 25% of shares | Pádel Nuestro ups its year-end sales forecast | A year in review for padel | Arena has become a Benefit Corporation | China’s Bosideng takes strides toward net zero emissions and sustainable fashion | Zeal Optics introduces Re-Shred recycled goggle initiative
