All Sporting Goods Intelligence articles in Volume 35, Issue 19+20
View all stories from this issue.
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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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News briefsConverse to cut jobs as part of Nike's $2 billion cost-saving strategy
Converse, a subsidiary of Nike, is set to cut jobs as part of Nike’s broader $2 billion cost-saving initiative, a knowledgeable source disclosed on Tuesday. Announced in December, Nike’s three-year plan aims to economize through strategies like product supply tightening and management streamlining. The footwear leader has faced challenges with ...
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News briefsNike to open large store in Zaragoza
Nike will reportedly open a store of nearly 2,000 square meters in Zaragoza. It will be one of the brand’s largest stores in Spain. According to the Heraldo de Aragón, the store will be inaugurated between the end of the year and the beginning of next year. The new Nike ...
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News briefsPuma introduces genderless collection with Palomo Spain
Puma is launching a new genderless collection in collaboration with Palomo Spain. The new apparel, footwear and accessories collection is meant as a “celebration of queer identities, ‘80s athletic culture, and the glitz of ‘70s roller disco,” Puma said. The collection combines retro flair and contemporary elements with premium fabrics, ...
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News briefsLIV Golf hires former PepsiCo executive as its new CMO
LIV Golf has announced the appointment of Adam Harter as its new Chief Marketing Officer (CMO). Harter, who has already joined the organization, will report to LIV Golf’s Commissioner and CEO, Greg Norman. Harter worked for more than 22 years at PepsiCo, most recently as PepsiCo’s Senior Vice President ...
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News briefsBorn Living Yoga seeks international expansion
Born Living Yoga is targeting €25 million in revenues and is planning to rely on international growth as a driving force behind the plan. The Madrid-based activewear and athleisure label generated €18 million in revenues in 2023. In an interview with FashionNetwork.com, co-founders Alvaro Roca and Arianne Puig explained that ...
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News briefsPuma announces leadership shuffle in Europe, appoints new Head for Central Europe
Puma has announced significant leadership changes in its European operations, appointing Bas van den Bemt, a seasoned company executive, as the new head of Central Europe. van den Bemt, who has been with Puma since 2009, previously managed the company’s business in the Benelux region for over eight years and ...
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News briefsGoldwin FY operating profit up 9 percent
Japanese group Goldwin reported an annual operating income increase of 9 percent to ¥23,847 million (€141.1m) for the 12 months ended March 31. Annual net income rose by 16 percent to ¥24,281 million (€143.7m). Goldwin’s consolidate net sales for the FY jumped by 10 percent to ¥126,907 million (€750.9m) from ...
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News briefsAlibaba Group posts 8% annual revenue growth
Alibaba Group reported revenues of RMB22.9 billion (US$30.7bn) for the quarter ended March 31, 2024, representing an increase of 7 percent year-over-year. Income from operations was RMB14.8 billion (US$2.0bn), a decrease of 3 percent year-over-year. Net income attributable to ordinary shareholders was RMB3.3 billion (US$453 million). Net income was RMB919 ...
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ArticleParis 2024 to generate €9 billion for host region, new study reveals
The economic impact of Paris 2024 in the Île-de-France region between 2018 and 2034 is estimated at between €6.7 billion and €11.1 billion over the 17-year period, namely an intermediate scenario projecting a “net injection” of €8.9 billion. The figures were revealed in a new independent study from the Centre ...
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News briefsReebok’s custom kicks for your avatar
Reebok has introduced the “digital shoe experience” we reported on back in December. Reebok Impact, as the service is called, will imprint digital Reebok sneakers with an image, for your metaverse avatar to wear. You send by direct message (DM) whatever image you choose to @reebokimpact on Instagram and receive ...
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ArticleOn posts another strong quarter, re-affirms FY24 objectives
The Swiss group generated 29 percent constant-currency sales growth in Q1 to surpass the CHF 500 million mark for the first time ever over three months, bolstered by a 49 percent gain in its Dtc segment and double-digit increases in shoes, apparel and accessories. With the results, On Holdings ...
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News briefsCobra Golf unveils revolutionary 3D-printed iron set
Cobra Golf has launched its first full set of 3D-printed irons, the Cobra Limit3D, marking a significant advancement in golf equipment manufacturing. Initially introduced in fall 2020 with the KING Supersport-35 putter, Cobra has continued to refine its 3D printing capabilities, now including a range of more sophisticated multi-material putter ...
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Short stops
Short Stops Week 20, 2024
MARKETING +++ Adidas has signed Dallas Cowboys star Micah Parsons to a multiyear partnership +++ AC Milan and French national team star, Theo Hernández, has signed a contract with Puma +++ Saucony is taking on the title sponsorship of the London 10K, previously sponsored by Asics +++ Skechers ...
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ArticleXXL relocates Swedish stores in response to soaring rents
XXL, the Norwegian sporting goods giant, is relocating its stores in Uppsala, Västerås, and Växjö in Sweden due to soaring rental costs. The moves, set for late summer, involve shifts of just a few hundred meters each but stem from what the company describes as “soaring rents.” Anders Lindblom, the ...
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ArticleMizuno FY results exceed forecasts
The Japanese group reported a 33.5 percent increase in annual operating profit to ¥17,279 million (€102.7m) and a 44 percent year-over-year gain in profit to ¥14,311 million (€85.1m). Both figures exceeded the company’s guidance for the 12 months ended March 31. Meanwhile, Mizuno’s annual revenues increased by 8.3 percent ...
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ArticleUS Open champion Matthew Fitzpatrick joins Arccos as investor and ambassador
Arccos, a leader in AI-connected golf technology, has announced US Open Champion Matthew Fitzpatrick as its newest investor and Tour Ambassador. Fitzpatrick, currently ranked No. 14 in the world, will continue utilizing Arccos to enhance his performance analysis and preparation for PGA Tour events, major championships, and Ryder Cups. Fitzpatrick ...
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ArticleDescente FY net rises by 14 percent, sales up 5 percent
The Japanese group reported a 14 percent increase in annual net profit to ¥12,014 million (€71.6m), exceeding guidance by 9.2 percent, and a 12 percent rise in operating income to ¥8,740 million (€58.0m) for the 12 months ended March 31. Gross margin improved by 210 basis points to 59.5 percent, ...
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ArticleYue Yuen sees ‘gradual recovery trend’ as Q1 net soars
Profit attributable to owners of the Chinese group Yue Yuen increased by 97 percent to $100.0 million from $50.8 million for the period ended March 31. Ebit rose by 82 percent to $145.1 million from $79.7 million despite a 4.9 percent decline in total revenues to $2.0 billion from $2.1 ...
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ArticleEastside Golf launches first women’s line, emphasizing authenticity and inclusion
Eastside Golf has officially launched its first women’s line in response to growing demand, aligning with an uptick in female participation in golf. Co-founder and Creative Director Olajuwon Ajanaku explained the approach: “Since our early days, we’ve had women purchasing Eastside Golf items for themselves, and asking us when we’d ...
