All Sporting Goods Intelligence articles in Volume 35, Issue 32+33+34 – Page 2
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News briefsAuthorities in Seoul discover toxic substances in Shein, Temu and AliExpress products
Hazardous chemicals were found in products, raising concerns about the safety standards on these platforms.
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ArticleAlibaba Group reports mixed results for quarter, cloud revenue leading growth
Alibaba’s Q2 shows growth in cloud and AI business, but profitability suffers from the company’s significant investments and market challenges.
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News briefsUmbro in new design collab
Together with the Japanese label Children of the Discordance, the English sportswear company flirts with the 1990s.
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News briefsAllbirds appoints new member to its Board of Directors
Ravi Thanawala, Chief Financial Officer of Papa John’s International, will join the company in September.
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News briefsShoes lifted Björn Borg in Q2
The sports fashion brand delivered an even stronger second quarter than Q1, with sales increasing 30%.
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News briefsNew COO for Intersport Germany
Henriette Tesch takes over from Frank Geisler as COO of Intersport Germany and will promote future growth and sustainability.
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ArticleUkrainian sporting goods market on a rollercoaster ride
The Ukrainian sporting goods market has shrunk considerably due to the war; sales and imports are far below pre-war levels, and recovery is uncertain, even if military orders bolster wholesale.
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News briefsLi Ning lowers FY outlook as H1 profit dips
China’s largest sportswear maker Li Ning suffered a 3.0 percent decline in H1 operating profit to 2.40 billion yuan renminbi (€304.8m) versus RMB2.48 billion for the six months ended June 30. The net profit fell 8.0 percent to RMB1.95 billion (€247.7m). Ebit tumbled 6.7 percent to RMB2.61 billion (€331.6m) from ...
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C-Suite InterviewHestra goes against the grain, never better in a competitive industry
The Swedish glove manufacturer is doing better than ever. An interview with CEO Anton Magnusson.
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ArticlePerfect Moment prepares for bigger US business
The British luxury brand expands its US presence with a SoHo pop-up and new distribution centers, aiming to boost its luxury skiwear brand across major cities.
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ArticleNew Q2 record for New Wave Sports, investment in US market launched
Swedish brand New Wave Sports made a total net sales of SEK 2.397.9 million (€208.2m) in Q2 and is looking for more acquisitions in the sports segment.
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News briefsPuma names Johan Kuhlo as Managing Director GCC
Kuhlo will oversee the major markets UAE and Saudi Arabia, as well as Qatar, Kuwait and Oman.
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ArticleFila Holdings’ Q2 profitability benefits from Acushnet
Q1 consolidated group revenues fell 1.3 percent to KRW 1,175,289 million (€822.7m).
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News briefsGrendene’s Q1 net dips by 27 percent
Ebit was R$22.3 million (€3.7m) as gross margin improved by 170 basis points to 42.6 percent.
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News briefsXebio’s Q1 operating profit rises by 47 percent
Profit attributable to the parent increased by 40 percent in Q1 to ¥2,785 million (€17.3m).
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ArticleOn reiterates FY outlook as EMEA accelerates in Q2
EMEA sales increased by 22 percent to CHF138.4 million (€145.9m).
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ArticleAsics will hit FY26 targets early after blockbuster H1
The Japanese group reported net profit growth of 70 percent to ¥42,219 million (€261.7m) versus ¥24,796 million for the six months ended June 30. H1 operating profit increased by nearly 76 percent to ¥58,996 million (€365.8m) from ¥33,610 million as total revenues grew by 18.0 percent to ¥342,199 million (€2.12b). ...
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News briefsSpeedo won the medal league in the Olympic pools
Over 50 percent of the Olympic medalist in Paris 2024 wore Speedos swimsuits and trunks.
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ArticleUS Department of Justice wins against Google
It remains unclear how the ruling might affect Google.
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ArticleYue Yuen experiences order book ‘normalization’
Despite that, the world´s largest footwear manufacturer has lower H1 sales.
