Article From：SGB Media Slow but steady will be a predominant theme for the U.S. footwear industry over the next two years, mainly due to pent-up demand and higher average selling prices. Footwear revenues hit a high point in 2021, growing...

Article From：SGB Media Under Armour, Canada Goose, Helly Hansen and Puma have followed Nike in suspending operations in Russia in response to Russias invasion of Ukraine. As reported on March, 3, Nike, Inc. said it would temporarily close...

Article From：Front Office Sports Apple, Nike, and many other companies are ceasing sales in Russia. Apple helped instigate a rapid exodus of businesses from the nation of 135 million due to its ongoing assault on Ukraine. The company is p...

Article From：SGI Europe Regarding the Corporate Sustainability Due Diligence initiative proposal presented by the European Commission on Feb. 23, 2022, the Federation of the European Sporting Goods Industry (FESI) took the opportunity to...

Article From：SGI Europe A representative study by the German Industry Association for Fitness and Health (DFIG) has found that home fitness continues to be a growth market in Germany. The Covid-19 pandemic has boosted the market, and this...

Article From：Just Style On a call with analysts in the wake of its fourth-quarter and full-year results, Foot Locker said it expects sales to fall by 4% to 6% this year, and same-store sales are projected to decline by 8% to 10% as it ant...

Article From：Front Office Sports FIFA is on pace for record revenue for a four-year cycle as it pushes to move to biennial World Cups. Soccers global governing body said it notched 2021 revenue of $766.5 million in its annual report, a 18...

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Article From：SGI Europe Vans has introduced the Circle Vee, a new silhouette that taps into renewable materials while aiming at reducing waste. The Circle Vee features a one-piece knitted natural upper designed to reduce waste in producti...

Article From：Fibre2fashion Eight months after Adidas announced its partnership with Finnish textile material company Spinnova, the German sporting goods giant has unveiled its first product made in part with Spinnova fibres. By Beth Wrigh...

Article From：Just Style In 2021, the real (price-adjusted) turnover of retail enterprises in Germany was 0.7 per cent and the nominal (not price-adjusted) turnover was 2.9 per cent higher than in 2020, according to provisional results of...

Article From：SGB MEDIA Peloton CEO John Foley will step down as CEO, move to the executive chair role and be replaced by Barry McCarthy. The embattled connected-fitness cycling giant additionally cut revenue guidance to as much as $3.8 bi...

Article From：SGB MEDIA Descente reported an operating profit against a loss for the nine months through December 31 on a 15.1 perfect revenue gain. Revenues reached 76,681 million against 66,638 million a year ago. Descente said in its re...

Article From：SGB MEDIA Revenue from backcountry accessories, which includes skins, beacons, probes, and avalanche shovels, were down 14 percent during the season-to-date (August to December 2021) period after growing by 90 percent during...

Article From：Front Office Sport New Peloton CEO Barry McCarthy said the company has big plans, but they dont involve a sale. The connected fitness giant had reportedly drawn interest from Amazon and Nike, who saw opportunity in Pelotons d...

Article From：SGB MEDIA Annual revenue for the U.S. athletic footwear market grew by about 20 percent versus 2020, although growth slowed to mid-single-digits in the fourth quarter due to poor execution, supply chain delays, the end of sti...

Article From：SGI Europe With the start of the Olympic Games in Beijing, the share prices of Chinese sports companies Anta Sports and Li Ning have risen, each by almost five percent in recent days. Analysts attribute this to a positive moo...

Article From：SGB MEDIA The NPD Group announced the winners of its second annual Outdoor Sports Retail Performance Awards. According to NPD Retail Tracking Service data*, the awards acknowledge the fastest-growing brands in the U.S. outdoo...

Article From：SGB MEDIA Participation research shows overall golf participation in the U.S. increased by 600,000 to 37.5 million in 2021, up 2 percent, according to the State of the Industry Graffis Report published by the NGF (National Go...

Article From：SGB MEDIA Nike has filed a lawsuit in the Southern District Court of New York against StockX, accusing the sneaker resale marketplace of using Nikes trademarks without authorization to market and sell non-fungible tokens (NFT...