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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 42+43
Adidas lifts FY guidance after another strong quarter | Analysis: The world’s biggest sports retailers | Head is the number one tennis racquet choice in Europe | Three sports companies on the Forbes list | Cisalfa Group reports increased revenues for 2023/24 | Rottefella wins another patent victory against Amer Sports | Lululemon partnerships with Fanatics and NHL | Sprinter sees calm and growth after the storm | Ski Industry Climate Summit returns to ISPO Munich 2024 | Multi-year partnership between Foot Locker and the Chicago Bulls | Spanish footwear exports up in the first seven months of 2024 | Zalando raises its forecast for 2024 | EU finds fault with Fifa’s transfer protocols | Spain’s amateur padel league plans to span the world | Temu sued by Austrian trade association | Young Russian sporting goods brands struggle to take off | eBay expands Circular Fashion Fund globally
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News briefs361 Degrees updates on Q3
361 Degrees saw sales of both its own private label and kids’ brand products increase by 10 percent year-over-year.
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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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News briefs361 Degrees’ operating profit jumps by 7 percent in H1
The Chinese group’s operating income for the six months ended June 30 increased 6.8 percent to RMB1.06 billion (€135.4m).
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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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News briefs361 Degrees’ e-comm continues to exceed expectations in Q2
Chinese group 361 Degrees Intl.’s retail sales of its key branded products increased by around 10 percent year-on-year in Q2. Meanwhile, retail sales of 361° Kids grew in the mid-teens in the same period, the company said. The e-commerce platform continued to exceed expectations with year-on-year growth of 30 to ...
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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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News briefs361 Degrees Intl. provides Q1 update
Chinese group 361 Degrees Intl. realized high-teens percentage growth for its core brand and a 20-25 percent comparable retail sales gain for its 361° Kids brand during the period ended March 31. Additionally, year-over-year e-commerce sales increased by 20-25 percent in Q1. 361° launched numerous e-commerce marketing initiatives during ...
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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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News briefs361 Degrees' profit increases by 29 percent in 2023
Bolstered by nearly 36 percent sales growth for its kids’ business, 361° realized 21 percent annual sales growth last year to 8,423.3 million yuan renminbi (€1.07bn) from RMB6,960.8 million. Annual operating income improved by 29 percent to RMB 1,383.5 million (€176.5m). The FY23 profit attributable to shareholders rose 29 percent ...
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