All Sporting Goods Intelligence articles in Volume 35, Issue 19+20 – Page 4
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Short stops
Short Stops Week 19, 2024
EVENTS +++ The Padel World Summit will be taking place on May 21–23 (not on May 20–26, as previously reported) in Málaga, Spain PEOPLE +++ Manchester United’s interim CEO, Patrick Stewart, and chief financial officer, Cliff Baty, will leave the club at the end of the season, the ...
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ArticleGildan has strategy to gain share in targeted markets
Canadian activewear company Gildan, already seeing signs of recovery in some markets outside of North America, intends to adopt a local approach with product, pricing and supply chain initiatives to regain and increase market share in targeted international markets. With inventory levels described as “a little light” in Europe, Gildan ...
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ArticleBrooks Running posts strong Q1 results
The Berkshire Hathaway subsidiary Brooks Running reported 9 percent revenue growth in Q1 ended March 31 to equal the highest quarterly results in the company’s history. Brooks’ results were achieved by significant gains in many segments of its business. Year-over-year global e-commerce sales increased by 22 percent, and the brand’s ...
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News briefsWolverine Worldwide expands global reach with new licensing deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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ArticlePeloton reports another loss, restructuring as CEO departs
Heading into the seasonally slowest and most challenging quarter of its fiscal year, Peloton Interactive’s two-year transformation continues down a bumpy path. The connected fitness company has initiated another restructuring effort resulting in annualized savings of more than $200 million and more job cuts – its third round in 26 ...
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News briefsPentland Brands’ Americas business gets new president
Pentland Brands, owner of the Speedo, Berghaus, Canterbury of New Zealand, Endura, Ellesse and Mitre brands, announced a key change to its leadership team: Joe Spies will become President, Americas, effective this month, following the retirement of Matt Rock, current President, Americas, after 19 years with the company. Rock’s career ...
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News briefsAqualung divests the Stohlquist brand
The French Aqualung Group, which specializes in the manufacture of diving and high-performance water sports equipment, has announced the successful sale of its Stohlquist brand to California-based Sport Dimension Inc. The sale of Stohlquist completes the exit from the Swim Snorkel Paddle business in North America. The group had already ...
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News briefsJD Sports implements four-day office workweek for head office employees worldwide
JD Sports is implementing a new policy requiring all head office employees worldwide to return to the office at least four days a week, effective July 1. This decision will impact employees at the sports giant’s UK head office located in Bury. However, JD Sports will maintain flexibility based on ...
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News briefsJD Sports director Mahbobeh Sabetnia opts not to stand for re-election
Mahbobeh Sabetnia, a non-executive director on the JD Sports board and member of the remuneration committee, has announced her decision not to seek re-election at the company’s upcoming annual general meeting on June 27, 2024. Having served on the board for nearly two and a half years, Sabetnia has been ...
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News briefsNike secures kit supply rights for French Football Federation until 2034
Nike has secured the kit supply rights for the French Football Federation (FFF) for the 2026-27 to 2033-34 cycle. In a recent announcement, the FFF revealed that Nike had successfully clinched the kit supply rights for the third consecutive cycle, extending their current deal until 2026. The renewed agreement encompasses ...
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News briefsSun Day Red now launched, plans for wholesale expansion 2025
Sun Day Red has officially launched following its announcement together with Tiger Woods in February. The brand has debuted exclusively on its website, with plans for expansion through wholesale partnerships by Spring 2025, according to the company. Additionally, Sun Day Red will release special collections in May. For Woods, this ...
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