All Sporting Goods Intelligence articles in Volume 35, Issue 23+24 – Page 4
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Short stops
Short Stops Week 23, 2024
ESG +++ Casio’s G-Shock has teamed up with the Surfrider Foundation to launch the eco-friendly G5600SRF watch, which is made from recycled urethane, utilizing plastic that would otherwise be thrown away +++ PRODUCT +++ Nikwax, manufacturer of technical cleaners and waterproofing products for outdoor gear and apparel, has ...
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News briefsPuma becomes official partner of Hyrox
Puma has elevated its involvement in the world of competitive fitness by announcing a global partnership with Hyrox, the series known as the “world series of fitness racing.” This deal establishes Puma as the official apparel and footwear sponsor for all Hyrox events from 2024 through 2027. Puma’s association with ...
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News briefsSir Jon Thompson joins Frasers Group board to bolster corporate governance
Frasers Group has bolstered its board by appointing Sir Jon Thompson, a distinguished former chief executive of the Financial Reporting Council, as a non-executive director. The appointment is aimed at enhancing the company’s execution of its ambitious long-term growth strategy, particularly as it continues to implement its Elevation Strategy. Sir ...
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News briefsPhysical stores maintain relevance amid e-commerce surge, study finds
A recent study by Forrester highlights a significant projected growth in global e-commerce, expecting online sales to reach $6.8 trillion by 2028, capturing 24 percent of worldwide retail. Despite this surge, $21.9 trillion of the anticipated $28.7 trillion in total retail sales will still occur offline, underscoring the undiminished importance ...
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ArticleJD Sports bolsters North American presence, reports revenue growth ahead of Hibbett acquisition
JD Sports has reported a revenue increase of 8 percent in North America, reaching £3,413.5 million ($4,340.4 million) for the fiscal year ended February 3. This growth comes ahead of its planned $1.08 billion acquisition of Hibbett, Inc., expected to finalize in the second half of the year, which will ...
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News briefsTennis-Point finds new owner
According to SGI USA, Fromuth Racquet Sports, a Pennsylvania-based racquet sports wholesaler and retailer, has reached an agreement to acquire e-tailer Tennis-Point on undisclosed terms to expand into the tennis e-commerce space. Tennis-Point will initially operate as an independent company and will retain the same name and contact details. All ...
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ArticleFoot Locker reaffirms FY outlook as ‘Lace Up’ strategy begins gaining traction
Higher average unit prices, less promotional pricing, and an improved pipeline of new products from key vendor partners in the months ahead, including Nike, has Foot Locker confident that it will meet its FY24 financial objectives. The group, celebrating its 50th anniversary this year and preparing to make a big ...
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ArticleIndian TechnoSport raises 1.75bn rupees
Indian sportswear brand TechnoSport has raised 1.75 billion Indian rupees ( €19.32 million) from investment fund A91 Partners. The company plans to use the fresh capital to improve its production capacities, focus on digital brand development and strengthen its marketing activities. “With this support, we are poised to scale our ...
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News briefsLimited edition 1000 Mile Boot by Wolverine and Rawlings
Source: Wolverine Wolverine and Rawlings launch the “Grand Slam” limited-edition 1000 Mile Boot Wolverine, the 141-year-old boot and clothing company, and Rawlings, manufacturer of premium Major League Baseball equipment, have released a limited-edition 1000 Mile Boot, inspired by America’s favorite pastime and called the Grand Slam Boot. ...
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ArticleTecnica Group receives SIS Eco Award for Recycle Your Boots
At the annual conference of the German Ski Association (DSV), the SIS Eco Award, endowed with €7,500, was once again presented – this year to Tecnica Group SpA for its Recycle Your Boots project. The Safety in Skiing Foundation (SIS) was looking for sustainable projects that implement resource conservation and ...
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News briefsAfydad’s Retail Commission has a new head
The Spanish Sports Association, Afydad, has selected Magda Espuga to head its Retail Commission, according to Diffusion Sport. She is replacing José Juan Fernández. Espuga is a specialist in the domain, having founded the Kiss Retail consultancy in Barcelona some 20 years ago. She is also a partner at Netmentora ...
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ArticleAthleta delivers for Gap Inc. in Q1
Gap Inc.’s CEO Richard Dickson told analysts that its Athleta specialty retail chain has “significant growth potential and a clear and distinct brand positioning rooted in the Power of She.” The latter is being accelerated by a rising global interest in women’s sports and female athletes and Athleta’s decision to ...
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News briefsOn releases Federer’s updated tennis sneaker
On has unveiled the second version of Roger Federer’s tennis sneaker, the On Roger 2, designed to meet the rigorous demands of professional tennis. This latest model emphasizes durability, featuring an abrasion-resistant and lightweight mesh upper with lateral TPU clips for added support. The toe cap is reinforced with rubber ...
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News briefsVF Corporation appoints Michelle Choe as Global Brand President of Vans
Source: VF Corp. Sun Choe VF Corp. has announced the appointment of Michelle “Sun” Choe as the Global Brand President of Vans, starting in late July. Choe brings nearly three decades of experience from top brands, including Lululemon, Marc Jacobs and Levi’s, to her new role. Having ...
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ArticleGolden Goose plans IPO in Milan in June
Italian luxury brand Golden Goose said that it plans to hold an initial public offering (IPO) on the Milan stock exchange consisting of existing shares held by Astrum, its sole shareholder, and newly issued shares stemming from a capital increase. The brand will use the proceeds of the capital hike ...
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News briefsOn unveils official Paris 2024 Swiss team outfits in partnership with Ochsner Sport
Swiss Olympic, in collaboration with Ochsner Sport and On, has unveiled the Swiss Olympic Team Paris 2024 Collection, the official uniform for Switzerland’s Olympic and Paralympic delegations. Available exclusively at Ochsner Sport and On, the collection merges aesthetic appeal with innovative design, sustainability, and quality, catering equally to fans and ...
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News briefsLiverpool FC expands in Asia with new retail partnership in Indonesia
Liverpool FC is expanding its global retail footprint with a new partnership in Indonesia, marking another strategic move to bolster its presence in Asia. The English Premier League club has teamed up with PT Kanmo Weston Retailindo, a collaboration between Weston Corporation of Singapore and Indonesia’s Kanmo Group. The fresh ...
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News briefsDiving equipment market to grow at 7.5% CAGR by 2035
According to a new report by Allied Market Research, the global diving equipment market was valued at $3.5 billion in 2023 and is expected to reach $8.1 billion by 2035, a compound annual growth rate (CAGR) of 7.5 percent from 2024 to 2035. Growth is being driven by the increasing ...
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