All Sporting Goods Intelligence articles in Volume 35, Issue 21+22 – Page 3
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News briefsZalando reshuffles its management
Zalando will be switching up its C-suite come Sept. 1 to match the change in plans that it announced in March. The objective is to increase market share in “pan-European fashion” and “lifestyle e-commerce” through B2C and B2B expansion. Co-founder David Schneider will be giving up the post of co-CEO ...
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News briefsJD Sports expanding in Iberia
JD Sports plans to open 23 stores and convert another 15 stores to the JD banner in Spain and Portugal, according to Diffusion Sport. Chief among the new ones will be locations in Barcelona and Tenerife. This could be a first stage or a modification of the plan we reported ...
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News briefsLululemon announces organizational restructure following Chief Product Officer’s departure
Lululemon has announced significant organizational changes following the resignation of Sun Choe, its Chief Product Officer, who is departing later this month to pursue a new opportunity. Choe’s exit marks the end of her seven-year tenure with the company, during which she significantly bolstered Lululemon’s product-focused leadership. Calvin McDonald, CEO ...
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News briefsVendor of classic jerseys to expand in North America, thanks to outside funding
The Chernin Group (TCG) has invested $38.5 million into Classic Football Shirts (CFS), a mostly online seller of, as the name suggests, football jerseys. The outfit was born in 2006, when founders Matthew Dale and Doug Bierton (CEO), struggling to find an original jersey for the West German team of ...
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News briefsPeloton shares drop as company announces $275m debt offering and refinancing plans
Shares of Peloton Interactive, Inc. tumbled by 16.3 percent following the announcement of the company’s plans for a comprehensive global refinancing effort. The fitness giant revealed it would issue $275.0 million in convertible senior notes due in 2029 as part of a private offering. Additionally, Peloton plans to secure a ...
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News briefsHydrow acquires majority in Speede Fitness
Hydrow, maker of high-end, connected rowing machines, has acquired a majority stake in Speede Fitness, according to CNBC. In addition, the company’s founder, Bruce Smith, will be ceding the post of CEO to current President and Chief Financial Officer John Stellato and taking up the post of Chairman. Hydrow enjoys ...
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ArticleTechnical Apparel segment drives Amer Sports’ Q1 revenue growth
Bolstered by constant-currency growth of 48 percent for its Technical Apparel segment that includes the Arc’teryx business, Amer Sports delivered Q1 sales and profitability above guidance in Q1. Operating profit fell by 16 percent to $109.0 million from $130.4 million in the period ended March 31. Ebit tumbled by 67 ...
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News briefsSuperdry prepares for emergency sale amid restructuring plan uncertainty
Superdry, the British fashion retailer, is facing a pivotal moment as it braces for the potential rejection of a restructuring plan proposed by CEO Julian Dunkerton. If creditors do not approve the plan, Superdry is set to launch a four-week emergency sale process, which could lead to a pre-pack administration ...
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News briefsAston Villa secures kit deal with Adidas, ends controversial partnership with Castore
Aston Villa, the Premier League soccer club, has announced a significant multi-year kit supply agreement with Adidas, starting from the 2024-25 season. This partnership marks the end of Villa’s current association with Castore, which has been marred by player complaints over the quality and functionality of the kits. The deal ...
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News briefsNorwegian sports chains see 9.5 percent sales decline in Q1 2024
Sports chains in Norway, including XXL, Sport1, Intersport, Anton Sport, Löplabbet, Stadion, Obs!, and Stadium Outlet, reported a significant sales downturn in the first quarter of 2024, with revenues dropping 9.5 percent compared to the same period in 2023, totaling 2.7 billion Norwegian kroner (€233.2 million). The decline is attributed ...
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Short stops
Short Stops Week 21, 2024
ATHLETES +++ Wilson Sporting Goods has announced a multiyear partnership with Caitlin Clark, who plays for the Indiana Fever of the Women’s National Basketball Association (WNBA) +++ Asics has announced the signing of tennis athlete, Ons Jabeur, currently ranked no 9 in the world +++ BRANDS +++ WHP ...
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ArticleRussian sporting goods market experiences surge in cross-border e-commerce
During the past year, the Russian sporting goods market saw a 16 percent rise in cross-border e-commerce, as customers are increasingly placing orders at foreign marketplaces, CDEK.Shopping, a Russian logistics company estimated. The company revealed that Russians purchase food additives and sporting goods in massive quantities to improve their performance ...
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ArticleZwiebler appointed permanent CEO of WFSGI, set to advance global sporting goods initiatives
Source: WFSGI WFSGI CEO Emma Zwiebler The World Federation of the Sporting Goods Industry (WFSGI) has officially named Emma (Mason) Zwiebler its permanent Chief Executive Officer, effective May 1, 2024. This decision follows her interim CEO role, which started on Nov. 1, 2023, and was confirmed during ...
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ArticleGaleria's investors pledge €100 million, seek restructuring, Sunday shopping and name change
According to media reports, Galeria Karstadt Kaufhof’s new owners are poised to inject up to €100 million into the company to revamp its remaining department stores over the next two to three years. The insolvent German department store chain sees Sunday shopping as a cornerstone of its restructuring efforts, according ...
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News briefsNike faces decline in running shoe website traffic as rivals gain ground
Nike has seen a notable decline in website traffic for its running shoe category, falling behind in a fiercely competitive market. According to Similarweb’s data, traffic to Nike.com’s running segment has steadily decreased from March 2022 to March 2024, a period during which rival brands like Brooks have caught up, ...
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News briefs
Sports Direct loses court appeal over Newcastle United’s kit supply deal with JD Sports
Sports Direct has failed in its bid to secure a Court of Appeal ruling over a dispute with Newcastle United concerning the football club’s exclusive kit supply deal with JD Sports for the 2024/25 Premier League season. The Frasers Group-owned retailer sought a temporary court order to force Newcastle United ...
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News briefsAdidas announces more affordable versions of popular sneakers
At Adidas 2024 Annual General Meeting in Fürth, Germany, CEO Bjørn Gulden announced that Adidas would make its sneakers more affordable. This strategy involves launching cheaper versions of top-selling models such as the Samba, aiming to cater to consumers attracted to trends but deterred by high prices. Gulden emphasized the ...
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ArticleDesport leases former Decathlon retail spaces in Russia
Desport, a chain comprised of former Decathlon stores in Russia, has started leasing some of its stores to fitness centers, sports schools and retailers that sell related products. The retailer offers between 100 and 500 sqm of sales floor in 30 stores in major Russian cities. The average space of ...
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ArticleCanada Goose exceeds expectations in Q4 due to DTC, North America
Canada Goose, which recently hired its first creative director to reshape its product portfolio and elevate its creative aesthetic, reported a 31 percent improvement in Q4 operating income to C$7.6 million (€5.1m) against a C$10.0 million loss in the year-ago period. Net income attributable to shareholders was C$5.0 million. Gross ...
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ArticleGrupo SBF’s Ebitda up 14 percent in Q1
Grupo SBF continues to make progress on key financial metrics, ranging from further inventory reductions to cost cuts, helping to reduce its year-over-year leverage by 39 percent to 843.4 million Brazilian reais (€151.6m). In Q1, the Brazilian group improved its year-over-year Ebitda by 14 percent to R$234.0 million (€42.1m) ...
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