Article From：SGI Europe A new $30 million equity investment fund, the Lake Nona Sports Health Tech Fund, has been set up to help about 20 early-stage startups in the areas of fan engagement, connected athletes, health and well-being to br...

Article From：SGB MEDIA According to the NPD Group, overall athletic footwear sales in the first six weeks of the back-to-school season, ending August 14, 2021, grew by 20 percent versus 2020 and in the high-single-digits versus 2019. Ther...

Article From：SGB MEDIA After growing more slowly than the athletic footwear and activewear markets for many years with a rise of 3.5 percent in 2019 the global sports equipment market rebounded in 2020 with a 11.3 percent jump to an estim...

Article From：SGB MEDIA Athleta, owned by Gap Inc., launched e-commerce in Canada. Athleta first announced its expansion into Canada in April as part of its growth plan to reach $2 billion in net sales by 2023. Athleta will open its first...

Article From：SGB MEDIA Sportmaster has decided to further develop its own digital ecosystem, said Victoria Bondarenko, a product development director with Russias biggest sports retailer, in an interview recently published in the local Re...

Article From：SGI Europe As part of a representative study conducted by the digital market and research institute Marketagent.com, the retail chain Hervis Sports researched the athletic habits of Austrians and wanted to know whether and wh...

Article From：SGI Europe The Swiss Premium Sports Group (PSG) of independent sports retailers and its parent company, ANWR-Garant Swiss, have agreed to adopt the digitalization strategy of Sport 2000 Austria. This includes cooperation in t...

Article From：SGB Media Nike is exploring the use of AirCarbon, a carbon-negative biomaterial produced by microorganisms from the ocean through a partnership with Newlight Technologies. AirCarbon is currently used in fashion applications a...

Article From：SGB Media Peloton Interactive Inc. said it plans to install U.S. regulator-approved repairs to the touchscreen console on its treadmills starting this month after reports of injuries earlier in the year led to product recalls...

Article From：SGB Media The International Tennis Federations (ITF) 2021 Global Tennis Report found healthy growth in tennis participation despite the pandemic. Key findings indicate that there are more than 87 million players within the 41...

Article From：SGB Media Retail sales slowed during July as retailers continued to face supply chain disruptions and increased COVID-19 vaccinations allowed consumers to shift some spending from goods to activities outside the home despite...

Article From：SGB Media Amazon is planning to open several large retail locations in the U.S. that are similar to department stores, according to a report in the Wall Street Journal. The e-commerce giant has plans to open the first stores...

Article From：SGB Media 361 Degrees reported net profit rose 32.9 percent in the first half to 401.4 million. Revenue increased by 15.7 percent year on year to 3,107.1 million. Gross profit increased by 28.0 percent year on year to 1,299.7...

Article From：SGI Europe The Anta Group and Beijings Tsinghua University have launched the Global Sportswear Design Award. Described as the first exclusive sporting goods product design competition, the program stems from the Tsinghua Univ...

Article From：SGB Media Anta Sports Products Ltd. reported revenues grew 55.5 percent in the first half against a year ago and 54.0 percent compared to the same period of 2019. Highlights of the quarter include: Sales reached RMB22.81 bill...

Article From：SGI Europe After providing some initial information about ISPO Munichs new concept in passing during a webinar in July including plans to partially open the show to consumers Messe Mnchen finally gave more details about the e...

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Article From：SGB Media Nike is expanding its tech-driven Rise concept to Seoul, Korea. The opening follows the launch of its first Rise retail concept store in Guangzhou, China last summer. Adding to the in-store features from Guangzhou,...

Article From：SGB Media Retail sales in the U.S. grew for the 11th consecutive month in July, according to Mastercard SpendingPulse*, which measures in-store and online retail sales across all forms of payment. With more cash in hand, fuel...

Article From：SGI Europe Shifting to higher-end products, the worlds largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. T...