All Sporting Goods Intelligence articles in Volume 35, Issue 44+45 – Page 2
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News briefs
Women-specific football shoe manucfacturer Ida Sports has closed a new funding round
Ida Sports, which has produced women specific football shoes since 2020, has now gained support from well-known Michele Kang’s Kynisca Sports Int’l.
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News briefs
Craft has opened up its first store in the US, fully focused on running
On Broadway, New York, Craft has opened up a store that will focus on running during the New York Marathon.
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News briefs
BasicNet’s nine-month Ebitda dips by 9 percent
The group expects Q4 results to be essentially flat with year-ago results.
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Article
Moncler nine-month sales rise by 6 percent
The Italian luxury group reported a 6% revenue rise over nine months, led by robust direct-to-consumer sales and substantial gains in Asia, despite challenges in Japan.
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Article
Peloton beats Q1 guidance, hires new president and CEO
Peloton boosts FY25 outlook as it appoints Apple veteran Peter Stern to lead in January, with Q1 showing improved margins and cash flow turnaround.
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Article
Columbia Sportswear reports margin improvement despite sales decline in Q3
Columbia Sportswear saw a 5% revenue decline in Q3, but it boosted its gross margin thanks to lower freight costs and a favorable sales mix. Despite lower US demand, growth in EMEA and LAAP regions balanced results.
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News briefs
H&M Move and Recco collaborate for skiwear collection
The apparel is equipped with Recco reflectors, boosting safety for skiers and mountain adventurers with advanced rescue technology.
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News briefs
eBay reports strong Q3 growth with key investments
The company posted a 3% revenue rise in Q3 2024 and enhanced AI-driven features and capital programs to empower sellers and fuel growth.
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News briefs
Brooks Running global revenues top $1 billion for nine months
The Seattle-based running specialist hit a major sales milestone ahead of Q4, with double-digit gains in EMEA and North America.
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Article
Garmin posts double-digit sales gains in all segments
The Swiss company boosted its annual forecast again after a stellar Q3, with operating income up 62% and net income up 55% on double-digit growth across all segments.
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News briefs
Perfect Moment opens US-based warehouse
The new US-based warehouse will enable overnight and two-day delivery, not previously available from the existing UK global distribution center.
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News briefs
Ironman announces Zoot Sports as official cycling and triathlon apparel partner
The partnership will include the creation of co-branded cycling and triathlon technical apparel, available at Ironman and Ironman 70.3 events around the world.
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News briefs
Permira acquires 40% stake in K-Way
Marco Boglione, Chairman and Founder of BasicNet, called the agreement a crucial moment for the company.
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News briefs
Adidas has reached a settlement with Kanye West
Two years after Adidas ended its Yeezy partnership with the rapper, Adidas AG has reached an out-of-court settlement with Kanye West.
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Article
Crocs cautious on FY sales outlook as Heydude recovery drags on, China growth slows
Crocs reports strong third-quarter results. Heydude is lagging behind, while international sales are fueling growth for the Crocs brand. The outlook for the Chinese market is more cautious in light of shifting demand.
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Article
RIDC and The Running Event mark four years advancing diversity
TRE partners with RIDC for the fourth year, promoting inclusion and racial diversity within the running industry.
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News briefs
Wolverine Worldwide appoints new Active Group leader
Industry veteran Susie Kuhn has been appointed to lead Merrell, Saucony and Chaco brands, effective Oct. 28.
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Article
Carbios and several partner brands unveil first 100% ‘fiber-to-fiber’ biorecycled T-shirt
The French biotech company, along with On, Patagonia, Puma, PVH Corp and Salomon, introduces the world’s first T-shirt made entirely from biorecycled textile waste.
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Article
Adidas Q3: Ready to deliver revenue growth of 10%
In its Q3 report, Adidas says it is examining a business model focused on a new generation of consumers and is ready to deliver currency-neutral revenue growth of approximately 10% in 2024.
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News briefs
Tennis racquets market to post 9% CAGR by 2029
North America stands as the dominant region, while the amateur segment is witnessing substantial growth globally.
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