All Sporting Goods Intelligence articles in Volume 35, Issue 30+31
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SGI Europe Executive Edition: Vol 35 - 30+31
Adidas’ results in step with earlier guidance | Columbia reports Q2 loss, but brand awareness rises in Europe | EMEA paces Skechers’ sales growth in Q2 | Another strong quarter for Deckers as Powers’ era ends | Brooks Running rebounds in EMEA | Frasers calls FY24 ‘a breakout year’ for future growth | Fitness, automotive segments drive Q2 sales at Garmin | DTC drives Moncler revenues in H1 | Polygiene’s cost-cutting measures take effect | Grupo SBF turns a profit in Q2, improves key figures | Galeria’s insolvency proceedings completed, restart under own management | Spinnova and Ecco invest in leather made from waste |Meta reportedly wants 5% in Essilux to develop smart glass business | While bike sales recover, Swedish retail declines for 10th consecutive quarter | Ski equipment market to post 4.33% CAGR by 2028, says new report | Playtomic’s 2023 in review for pádel | Asics tests production of customized on-demand insoles
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News briefs
BasicNet’s H1 Ebitda falls by 22 percent
The Italian group ended the first six months with €-93.1 million and forecasts H2 results to be flat year over year.
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Article
Fitness, automotive segments drive Q2 sales at Garmin
Garmin adjusted its FY guidance after reporting operating income growth of 20 percent on a 14 percent total revenue expansion in Q2.
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Article
Sexual harassment and social beauty norms keep women from exercising
A representative study by the Munich-based fitness company shows that almost half of all women are sexually harassed while working out.
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News briefs
El Corte Inglés appoints new CEO
The Spanish department store chain has appointed Gastón Bottazzini as CEO while confirming Manuel Pizarro as director as the company finalizes a five-year plan.
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News briefs
GlassFloor to make EuroLeague debut
The OAKA Arena in Athens will be the first EuroLeague basketball venue to regularly host games on the futuristic flooring.
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Article
Spinnova and Ecco invest in leather made from waste
Since the work on leather waste-based fiber has shown good quality results, partners Spinnova and Ecco agreed to expand the business of their Respin joint venture.
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Article
IOC and WFSGI continue to support underprivileged NOCs with apparel
The Uniform Support Program was first introduced at the Rio 2016 Games to address the needs of NOCs struggling to provide their athletes with appropriate competition attire and was renewed for Paris 2024.
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Article
Adidas’ results in step with earlier guidance
The preliminary Q2 results published in mid-July were confirmed with the official figures: The group posted sales growth of 8.9% to €5.82 billion.
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News briefs
Skechers signs LA Sparks forward Rickea Jackson
The WNBA’s first-round draft pick joins Team Skechers and will play with the brand’s SKX Nexus basketball shoes.
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Article
Brooks Running rebounds in EMEA
The Seattle-based company recorded sales growth of 4 percent in the second quarter and achieved record global sales with an increase of 15 percent compared to the same quarter of the previous year.
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News briefs
First Sport 2000 multi-category concept store opens in Germany
Sport 2000 Nordhorn is the group’s first multi-category retail concept store and covers a wide range of product segments, including running, fitness, sports style and team sports.
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News briefs
Puma introduces made-in-Italy footwear collection
The German company reissues five of its classic silhouettes, all crafted in Italy using premium materials.
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News briefs
Puma House in Paris is open
The Puma House in Paris opened on July 27, serving as “the epicenter for all things Puma” during the Olympics.
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News briefs
Michele Kang launches global multi-team women’s football organization
The world’s first global multi-team women’s football organization is set to bring unprecedented investment into the sport if Korean-American businesswoman, philanthropist, investor and owner of several sports teams, Michele Kang, has her way.
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News briefs
The Nike Athlete House in Paris
Nike supports its Olympic athletes with a special retreat for preparing, celebrating, resting and recovering.
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Article
Grupo SBF turns a profit in Q2, improves key figures
The Brazilian group hit historical net revenue, gross income, Ebitda and net income for the period ended June 30.
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News briefs
Temu beginning to compete on Amazon’s territory
Temu has opened its local warehouse program to vendors with corporate entities registered in Europe and to holders of European passports.
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Article
Galeria’s insolvency proceedings completed, restart under own management
The insolvency proceedings of the German department store chain, formerly Galeria Karstadt Kaufhof, have been successfully concluded after almost seven months with the implementation of an insolvency plan.
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News briefs
Scott USA appoints former SSU VP as new COO
Scott Sports’ US subsidiary has appointed Jake Dudek, formerly VP of Commercial Operations at Signa Sports United, as the company’s new Chief Operating Officer.