January 25, 2022
McKinsey & Company projects an 8% to 10% CAGR for the sporting goods industry through 2025, moving from €295 billion in global revenues currently to €395 billion in that timeframe, in its new 2022 sporting goods industry report produced with the World Federation of Sporting Goods Industry.
Decathlon has announced the appointment of Barbara Martin Coppola as the group’s new CEO, starting in mid-March.
Reebok is planning to lay off 150 people after the completion of its sale by Adidas to the Authentic Brands Group in the first quarter of this year, according to the Boston Globe and Footwear News.
ASO has taken a couple of years off from expansion, focusing on remodeling outdated stores as it managed through the pandemic, but this year marks a return to openings with plans for eight new locations.
Goldwin will integrate its wholly owned Canterbury of New Zealand Japan subsidiary into the main company, effective Apr. 1 this year.
Bellingham, WA-based Gear Aid, which is the former McNett Corp., has acquired the Heroclip swivel carabiner product line from Lulabop Inc. and inventor Mina Yoo.
Revenues at Kappa and Kappa Kids stores in China declined mid-teens in China Dongxiang’s fiscal third quarter ended Dec. 31, and year-to-date sales dropped by a similar amount.