All Racquet Sports articles – Page 6
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ArticleA challenger rises in Spanish pádel e-tail
In its three years of operation, Padel Pro Shop has reached €10 million in annual sales, and its latest annual results for 2023 represent a year-on-year increase of 95 percent. For the new year, the online retailer’s objective is to achieve another increase in annual sales, this time of 60 ...
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ArticleOn Holding plans further expansion, but no Tiger signing
Swiss company On Holding, which had a phenomenal 2023 in terms of sales and profitability growth, is promising to unleash a plethora of new products over the next 10 to 24 months and be a player at the Paris Games (including new uniforms for the Swiss National Team) this summer, ...
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News briefsFIP and FEP to collaborate in Spain
The International Padel Federation (FIP) and the Spanish Padel Federation (FEP) have joined forces to hold the FIP’s Platinum and Gold tournaments in Spain, to be organized in conjunction with the federations of the country’s autonomous regions. Platinum tournaments have a prize pool of €120,000, and Gold tournaments have a ...
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News briefsAmer Sports files registration statement for planned IPO in the US
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, 2024, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The ...
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ArticleFairmonde Golf welcomes LPGA golfer Angel Yin as a shareholder
Fairmonde Golf, an eco-friendly women’s golf apparel brand based in Wyoming, announces that US LPGA professional Angel Yin, an esteemed role model in the golf industry, has become a substantial shareholder in the brand. Yin, known for her outstanding performances at the Buick LPGA Shanghai and her prestigious win at ...
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News briefsPGA Tour and LIV Golf extend merger deadline into 2024
A framework agreement between the PGA Tour and the Saudi Arabia-backed LIV Golf league for the men’s golf circuits to merge was announced on June 6, and the two parties had originally set Dec. 31, 2023, as the deadline for the conclusion of the deal. Merger talks have now been ...
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News briefsHall of Famer joins USA Pickleball as VP of Competition
USA Pickleball, the national governing body for the sport of pickleball in the US, has appointed Steve Wong as Vice President of Competition. In this role, Wong will lead USA Pickleball’s competition department, focusing on expanding and streamlining all sanctioned tournaments, including national championships, regional tournaments and general sanctioning. ...
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ArticlePádel Nuestro ups its year-end sales forecast
Pádel Nuestro Group is forecasting an increase in annual sales of 27 percent, to €65 million, for full-year 2023, according to CMDsport. This is up from November’s forecast of €62 million. E-commerce should account for about 55 percent of the total. In what parent company 360 Padel Group’s CEO is ...
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ArticleA year in review for padel
Source: Playtomic Global Padel Report 2023 Monitor Deloitte and Playtomic have released their second annual Global Pádel Report, available online, and the results are rosy. Some predictions The report considers that the post-Covid boom is over and that the “surge” in club and court constriction has continued. ...
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News briefsThe WTA separates the roles of Chairman and CEO
The Women’s Tennis Association (WTA) has announced a further revision to its structure that will imply a separation of the Chairman and CEO roles. An additional new leader will, therefore, assume the role of CEO of the organization, responsible for managing and growing the operations of the WTA and its ...
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News briefsWilson Golf introduces AI-powered club fitting technology
Wilson is launching Fit AI, an innovative technology that uses artificial intelligence and is “set to change the future of golf club fitting,” the brand said. The technology combines Wilson’s “black box algorithm” with Blast Motion’s motion analysis technology. Wilson Fit AI is a mobile app-based fitting solution that integrates ...
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News briefsOn selects Nedap technology for source-to-consumer RFID project
RTIH reports that Swiss sporting goods brand On has chosen Durch company Nedap to deploy its iD Cloud platform in factories, warehouses, distributors and stores worldwide. This allows On to track and trace every single item from source to consumer. On was already familiar with the technology and benefits of ...
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ArticleWomen’s elite sport revenues to surpass $1bn for the first time in 2024
According to a new report by consulting firm Deloitte, women’s elite sports will generate global revenues of US$1.28 billion in 2024, surpassing the US$1 billion milestone for the first time. This total will also mark an increase of more than 300 percent from Deloitte’s previous valuation in 2021. These projections ...
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News briefsUnder Armour opens two new stores in Italy with Oberalp
Oberalp Group, the exclusive distributor of Under Armour in Italy, has recently opened two new Under Armour stores in the country. There’s a new Under Armour Brand House at the new Merlata Bloom shopping mall near Milan since Nov. 15, with 140 sqm focusing on training, running and sportstyle. In ...
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News briefsGolden Goose enters the pádel game
Golden Goose has entered the market for pádel, according to Women’s Wear Daily, Fashion Network and La Gazzetta dello Sport. The sneaker brand is putting its stamp on a pádel club called Atlante Arena, the fruit of a partnership with Demetrio Albertini and Lorenzo Alfieri, who founded the City Padel ...
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ArticleSports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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News briefsExpanded career zone at the next PGA Show
Following its successful launch in 2023, the PGA Show Career Zone is expanding in 2024. In addition to staff recruitment by golf industry organizations, the Career Zone will offer professional networking events and presentations on employment-related subjects. Informal employer-professional networking receptions will be held each afternoon. Furthermore, the Career Zone ...
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ArticleWeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefsNew expo and second tournament at Monte Carlo
BSG Group, a 30-year-old marketing agency with operations in Rome and Milan, is expanding on a project it brought to life in April of this year: the first edition of the Five Padel Cup, a quintuple tournament in Monte Carlo. Next year’s tournament will be held in conjunction with a ...
