All Sporting Goods Intelligence articles in Volume 35, Issue 44+45
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PDF NewsletterSGI Europe Executive Edition: Vol 35 - 44+45
Adidas Q3: Ready to deliver revenue growth of 10% | Puma maintains FY24 outlook as Q3 sales rise in all regions | VF Corp.’s turnaround continues to take shape | Hoka continues to shine and makes Deckers raise guidance in better-than-expected Q2 | Garmin posts double-digit sales gains in all segments | Columbia Sportswear reports margin improvement despite sales decline in Q3 | Skechers sees rebound in India, stumbles in China in Q3 | Crocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows | Fenix Outdoor reports mixed Results in Q3 | Vulcabras’ profit rises 35 percent in Q3 | Zalando reports solid growth in B2C and B2B in Q3 | XXL sees some recover in Sweden, reports another loss | Gildan sales outside North America increase by 20% in Q3 | Moncler nine-month sales rise by 6 percent | Topsports’ H1 revenues, profit tumble | Peloton beats Q1 guidance, hires new president and CEO | Leki and Hestra announce gear partnership | New partnership promotes transparency in tracing plastics recycling | Russian sporting goods market growth slows down
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ArticleXXL sees some recovery in Sweden, reports another loss
The struggle to reach profitability for Scandinavin sporting goods retail group XXL is far from over. In Q3, ended Sep. 30, group Ebit was NOK -191 million (-€16.0m) versus NOK -155 million in the year-ago period.
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ArticlePuma maintains FY24 outlook as Q3 sales rise in all regions
The Puma group continues to expect a mid-single-digit (ca) annual sales increase and an FY24 Ebit range of €620 to €670 million, flat to up 7.8 percent for the period.
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News briefsMoncler ready for more luxury as it eyes a British gem
Shares in Burberry have risen by 6 percent after reports suggested Italian rival Moncler may be considering a bid for the British luxury fashion brand.
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ArticleIntersport teams up with AC Milan and Puma to inspire next generation ball wizards
For over 100 times, Intersport has arranged the Footlab Experience. The latest was held at Puma House of Football together with AC Milan and Puma to give inspiration to next-generation football players.
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News briefsHanesBrands closes distribution center in the US
75 people lost their jobs when HanseBrands closed down its distribution center in the southeast of the US.
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ArticleVulcabras’ profit rises 35 percent in Q3
The Brazilian footwear group’s Ebitda margin expanded by 90 basis points to 25.1 percent for Q3. The company’s gross margin inched up by 20 basis points to 43.1 percent from 42.9 percent.
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ArticleZalando reports solid growth in B2C and B2B in Q3
The online retailer’s Q3 revenue grows 5% to €2.4bn, with strong gains in B2C and B2B. Investments in loyalty and lifestyle boost customer engagement.
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ArticlePuma CEO and others discuss new brand positioning in sports
Sport Marke Medien, a conference during ISPO 2024, brings together representatives from Puma, Bundesliga, FC Bayern, Cupra, Lidl and more, to discuss new ways to position brands in sports. And it’s free to attend.
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News briefsCastore partners with Hong Kong China Rugby
The agreement marks Castore’s entry into the Asian market.
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News briefsRVRC sees strong sales growth in September
The DTC outdoor company reports solid September growth and prepares for new product launches in a seasonally strong quarter.
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News briefsJoma becomes an official partner of European Athletics for 2025-28
It is the first time that European Athletics has entered into a long-term top-tier partnership with a sports apparel brand
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News briefsBogner launches new 007-inspired capsule for FW24
The German luxury brand and the famous film franchise reunite to release an exclusive ski collection inspired by a long-standing partnership.
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News briefsNike has appointed a new Chief Diversity Equity and Inclusion Officer
The appointment comes only two weeks after Elliott Hill took over from John Donahoe as Nike CEO.
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Short stops
Short Stops Week 45
FINANCIAL +++ Textile conglomerate Sportking India Limited reportedly posted a 61 percent growth in its net profit to 25 crore Indian rupees (€2.7m) for the quarter ended Sept. 30, 2024, with sales for the quarter up by 3.7 percent to ₹ 652 crore (€71.2m) against the same quarter of the ...
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ArticleLeki and Hestra announce gear partnership
The winter sports equipment brands are joining forces to introduce a new glove line in winter 2025/26.
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ArticleNew partnership promotes transparency in tracing plastics recycling
A recycling advisory firm and blockchain platform are enhancing transparency and accountability in plastic recycling with a credible data system.
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ArticleISPO Munich 2024 unites top sports brands and speakers
The trade show in Munich will gather top brands, thought leaders and pioneering speakers for a dynamic showcase this December.
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News briefsGoPro to reduce workforce by 26%
The reduction is part of an updated restructuring plan, GoPro has announced.
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ArticleGildan sales outside North America increase by 20% in Q3
Gildan, the Canadian activewear group, reports Q3 operating income up 24.5 percent.
