All Sporting Goods Intelligence articles in Volume 35, Issue 17+18
View all stories from this issue.
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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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ArticleGarmin gains on positive results from all segments
Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin improved by 120 basis points to ...
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ArticleAdidas sees strong Q1 metrics, better-than-expected results
Buoyed by improved results in many aspects of its business, from inventory level to gross margin, Adidas reported better-than-expected Q1 results. It said it was encouraged by the market progress that it is making despite a volatile and “not easy” overall marketplace. Operating income was €336 million, up from ...
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ArticleNike has a new rendition of “air”
Nike has come up with a third iteration of the “air” idea, this time with an AI twist. (We note in passing an obvious thing: that “AI” is two-thirds of “air.”) As Nike describes the proceedings, with this latest iteration – A.I.R., an acronym for ”athlete imagined revolution” – the ...
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ArticleA look at racquet sports in the US
RacquetX and marketing agency LaneTerralever (LT) published a report titled Who’s on the Court: A Profile of Today’s Racquet Sports Player, available online, to lay out the results of a survey they conducted in February of this year. The sample was 506 people in the US who have played “at ...
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ArticleA new era in Google search
Google is introducing a new form of search result called Search Generative Experience (SGE). It might change e-commerce.
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News briefsNike settles trademark dispute with Bape
According to a filing in New York federal court on 29 April, Nike has settled all trademark infringement claims against the Japanese streetwear brand Bape and requested that the case be dropped. The parties will bear their own costs and legal fees. In the lawsuit originally filed in January 2023, ...
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News briefsJD Sports implements forensic tagging sprays to combat shoplifting surge
British sportswear giant JD Sports is stepping up its security game in response to a surge in shoplifting incidents. Teaming up with forensic security firm SelectaDNA, the retailer is set to deploy tagging sprays across its stores as a proactive measure. These sprays work by leaving behind a unique synthetic ...
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News briefsWolverine Worldwide names new Chief Legal Officer and Corporate Secretary
Wolverine Worldwide has announced the promotion of Dave Latchana to the position of Chief Legal Officer and Corporate Secretary, where he will oversee a wide range of functions, including legal, compliance, corporate communications, risk management, ESG, security, and loss prevention. Latchana brings a wealth of experience to his new role, ...
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News briefsFormer skate pro returns to Etnies as Creative Director
California-based footwear brand Etnies, founded in 1986 and owned by Sole Technology, revealed that Sal Barbier will be the Creative Director of a newly announced SLB, by etnies line. Etnies Insta Barbier and Etnies were linked in the early 1990s when the former skate pro rode the Etnies ...
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News briefsLiverpool FC scores retail partnership in South Korea with Over the Pitch
Liverpool FC (LFC) has scored big in South Korea with its latest retail partnership with Over the Pitch, a soccer brand and design studio. This collaboration marks Liverpool’s first foray into the South Korean market. The initial phase of the partnership will see the introduction of two dedicated retail ...
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News briefsFischer Sports recalls junior ski boots due to safety concerns
Fischer Sports has issued a recall in North America for its RC4 Junior Ski Boots, encompassing the RC4 50, RC4 60 and RC4 65 models in various sizes. The affected boots feature the “Fischer” branding on the lower shell, with the specific model and name displayed on the upper cuff ...
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News briefsSnell Golf unveils new ball lineup, makes fitting easier for customers
Snell Golf is making waves in the golfing world with the launch of three new balls. The lineup includes the Prime 2.0, Prime 3.0 and Prime 4.0, with each number indicating the number of layers in the ball. The company aims to simplify the fitting process by recommending a model ...
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News briefsGymshark Names Kim Dolder as General Manager for North America
Gymshark continues its strategic expansion with the appointment of Kim Dolder to the newly established role of General Manager for North America. Dolder joins a lineup of recent senior appointments at Gymshark, including Mat Dunn as CFO, Carly Natalizia as Chief Digital Officer and Laurent Madeleine as Chief Supply Chain ...
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ArticleGymshark names GM, bolstering executive team for omnichannel expansion
Gymshark has announced the appointment of Hannah Mercer to the newly established role of General Manager, wholesale and retail, marking another significant addition to its executive team. Mercer brings experience to the brand, having spent six years at Adidas, where she served as Global Vice President, overseeing the brand’s retail ...
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News briefsFKA Twigs partners with On to redefine training gear
FKA Twigs, the singer-songwriter, embarks on a new journey as a Creative Partner for Swiss sportswear company On, acording to High Snobiety, expanding its reach into the training and gym-wear sector. On, renowned for its running gear, aims to revolutionize training footwear and apparel with Twigs’ collaboration. “Our entrance into ...
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News briefsSkechers expands Belgian footprint with new store in Brussels
Brussels welcomes Skechers to its Rue Neuve shopping district with the unveiling of a spacious 490-square-meter store. The store offers a showcase of Skechers’ range of footwear, apparel and accessories, featuring a striking vaulted entrance and a captivating mural paying homage to the brand’s roots in Southern California’s Manhattan Beach. ...
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News briefsReef appoints new CFO
Surf and beach lifestyle brand Reef, founded in 1984 and now a portfolio company of certain affiliates of Charlesbank Capital Partners, has appointed Daniella Turenshine as its new Chief Financial Officer, effective April 22, 2024. She replaces David Lin, who held the position for the past seven years. Turenshine most ...
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ArticleAs wholesale recovers, Skechers raises 2024 sales and profit forecast
Skechers expects its sales to rise to between $8,725 million and $8,875 million in its 2024 financial year, up by 9 to 11 percent compared to the previous year, after wholesale sales posted a recovery in the first quarter and momentum continued in its DTC business. The guidance is up ...
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ArticleColumbia slightly lifts FY guidance
Columbia Sportswear continues to project a 2 to 4 percent annual sales decline to $3.35 to $3.42 billion for the full fiscal year. Still, it has raised its operating profit outlook from a prior forecast by a modest 1 percent to $259–$291 million. Annual gross margin is now forecast to ...
