Article From:SGB Media ISPO has identified six underlying megatrends guiding how individualization, connectivity, urbanization, sustainability, and other trends impacting the sporting goods opportunity are evolving. Megatrends are the blo...
Article From:SGI Europe The U.S. District Court for the Eastern District of Pennsylvania has awarded Lontex about $4.62 million in attorneys fees and $369,263 in expenses in a lawsuit with Nike. In addition, the jury in the case awarded d...
Article From:SGI Europe Sporting goods retailer and manufacturer Decathlon Germany has launched the Auf die Pltze (On your marks) campaign and is going on a tour titled EntDecA (a play on words with the German word Entdecker for explorer...
Article From:Fibre2Fashion The New International Land-Sea Trade Corridor, a trade and logistics passage jointly built by western Chinese provincial regions and Singapore, recently launched a new transport route, creating the first direct...
Article From:Front Office Sports Lipsweater, a Montreal-based NFT platform that specializes in hockey, is bringing its collectibles to the NHL in the hopes of owning a franchise in the future. Led by former Princeton goaltender Thomas Syc...
Article From:SGB Media Foot Locker, Inc. announced its ambition to achieve net-zero GHG emissions by 2050 or sooner to align with the climate scientists recommendations to transition toward a net-zero state. Foot Locker said its announcem...
Article From:SGB Media 361 reported profits rose 45.0 percent in the year ended December 31 as revenue increased by 15.7 percent. Financial Highlights Revenue increased by 15.7 percent to approximately RMB 5,933.5 million; Gross profit in...
Article From:SGB Media Adidas announced that it would create a name, image and likeness (NIL) network for up to 50,000 college athletes to become paid endorsers for the brand. According to the company, the network would be open to all eli...
Article From:SGB Media The U.S. Trade Representatives office (USTR) has reinstated 352 of the 549 eligible exemptions from U.S. Section 301 tariffs on Chinese imports. The list released by USTR includes industrial components such as pumps...
Article From:SGB Media According to Golf Datatech, U.S. rounds of golf played rose 13 percent in February 2022 compared to February 2021. The gain followed a decline of 12.2 percent in January 2022. For the year-to-date period, rounds wer...
Article From:SGI Europe The American Apparel Footwear Association (AAFA) has unveiled the results of a recent study on the dangers of counterfeit goods for consumers, conducted with British quality assurance provider Intertek. The study f...
Article From:SGI Europe Nike has launched the Nike Athlete Think Tank. A platform designed to support women and girls in sports. Because women and girls dont have equal access to play and sport, we teamed up to share our experiences and t...
Article From: SGB Media Li Ning reported earnings more than doubled in the year ended December 31 as sales grew 56 percent. Sales reached RMB22.6 billion against RMB14.5 billion a year ago. Revenues grew 50 percent to RMB9.5 billion in fo...
Article From: Front Office Sports Anta Sports, the Nike of China, posted growth across all its business operations in 2021 in the companys latest earnings report. The Chinese sportswear company generated $7.7 billion in revenue in FY2021,...
Article From: Front Office Sports Nike saw modest sales growth in its fiscal third quarter as it continues its push toward direct-to-consumer sales. The Swoosh notched $10.9 billion in revenue, up 5% year-over-year (8% on a currency-neutr...
Article From:SGB Media Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 Omicron variant affected the supply...
Article From:SGB Media The USTA announced that tennis showed significant growth in participation and equipment sales in 2021, marking the second year for the trend. According to the Physical Activity Councils (PAC) Participation report, p...
Article From:Just Style In several markets, Adidas will continue to operate the business on behalf of ABG during a transition period, following which the Reebok business will fully transfer to ABGs operating partners via a series of defer...
Article From:Front Office Sports In 2019, Lululemon announced it would be leaning into footwear. Three years later, the fitness brand is finally releasing its products. The move is the companys latest attempt at competing with top athleti...
Article From:SGB Media Footwear Distributors and Retailers of America (FDRA) said footwear prices rose 7.0 percent year-over-year, second only to Mays fastest year-over-year increase in 33 years. Prices for Mens footwear were up 5.3 perce...
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