Latest Headlines

  • Article

    China grows again for Adidas

    2020-06-04T16:51:00Z

    Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total ...

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    Article

    Encouraging launch for the first UYN footwear line

    2020-06-04T10:21:00Z

    Trerè Innovation , the Italian knitter of functional products, is confident that its new UYN brand of garments, shoes and accessories will reach by 2021 or 2022 the same level of sales that it registered with its X-Bionic garments and its X-Socks until its European manufacturing and ...

  • Article

    Karstadt Sports and SportScheck to get closer or divorce

    2020-06-04T09:10:00Z

    Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of ...

  • Article

    Canada Goose was resilient against Covid-19

    2020-06-04T07:46:00Z

    Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had ...

  • Article

    Melody Harris-Jensbach will leave Jack Wolfskin

    2020-06-03T18:02:00Z

    Melody Harris-Jensbach , the seasoned executive who has been running Jack Wolfskin for the past six years, will soon be leaving the German outdoor brand. According to a press release, Callaway Golf Company , which took over Jack Wolfskin at the beginning of 2019 for around €418 million, and ...

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    Article

    Decathlon targets a 7.5% margin on 10-15% lower sales in 2020

    2020-06-03T18:00:00Z

    While predicting a drop of between 10 and 15 percent in its global sales for this year, due to the Covid-19 pandemic, Decathlon is planning to accelerate its investments in omni-channel retailing and the development of certain product categories to improve its chances for a relatively quick recovery. Thanks in ...

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    Article

    Lessons Learnt from the Current Corona Crisis on the Legal Risk Management of Supply Chain Issues

    2020-06-03T17:43:00Z

    A guest article by Jochen Schäfer: The Covid-19 pandemic has thrown the European and world economy into a toxic cocktail of extreme turbulence and challenges, which are far bigger than those experienced during the 2008 financial crisis. While it may be too early to talk about the lessons that I ...

  • Article

    Brands signal their stance on racism as U.S. cities burn

    2020-06-03T10:23:00Z

    The videotaped death on May 25 of George Floyd , a 46-year-old black man, at the hands of white police officers in Minneapolis, Minnesota, has served both as a rallying cry for peaceful protests there and in other parts of the world as well as a pretext for riots across ...

  • Article

    Who are Planet Sports’ new owners?

    2020-05-28T16:22:00Z

    A German-Swiss investment company, Invision , and the founding team of a German online specialist, TonerPartner.com , have announced that they have taken over Planet Sports , the pioneering German multi-channel action sports retailer, with the consent of the German Cartel Office, retroactive to May 1. The TonerPartner Group, ...

  • Article

    Karstadt Sports is integrated more closely with SportScheck

    2020-05-28T12:28:00Z

    Galeria Karstadt Kaufhof (or Galeria ), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck ...

  • Article

    Descente swings to a loss

    2020-05-28T12:27:00Z

    Hampered by the coronavirus outbreak, Descente ended its financial year on March 31 with a net loss of 2,481 million yen (€20.9m-$22.8m), against a profit of ¥3,944 million for the previous year. Its revenues fell by 12.8 percent to ¥124,561 million (€1.0bn-$1.1bn) for the twelve months. The gross ...

  • Article

    China’s Topsports grows despite Covid-19

    2020-05-28T10:57:00Z

    Topsports International Holdings , the sports retailing arm of Belle International , published good results for the year ended on Feb. 29, although the growth slowed drastically at the end of the period due to the pandemic. The Chinese group, which raised $1.01 billion in an initial public ...

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    Article

    Europe lifts Fila’s results

    2020-05-27T14:08:00Z

    South Korea’s Fila Holdings Corp , the parent company and co-owner of Acushnet , grew fast in 2019, especially in Europe , where momentum remained strong. For the 12 months ended on Dec. 19, Fila Korea’s licensing royalties from the region surged by 46.5 percent from the previous year ...

  • Article

    Asics exceeds sustainability targets

    2020-05-27T14:08:00Z

    In 2019, Asics achieved a 27.9 percent reduction in CO² emissions per pair of shoes during the manufacturing process as compared to 2015 baseline levels, exceeding the 10 percent target that the company had set for itself by 2020. This is the headline result in Asics’ 2019 Sustainability Report, ...

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    Article

    More than 6,000 visitors at Oberalp's virtual convention

    2020-05-27T09:57:00Z

    The first virtual sales conventions organized by Schöffel and Oberalp went better than expected, as we have already reported. We have also learnt in the meantime at at least two other outdoor sporting goods companies, Mammut and Vaude, have also held their own digital sales meetings. ...

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    Article

    Tecnica Group performs better than expected

    2020-05-26T10:58:00Z

    Tecnica Group reported better-than-expected results for 2019, adding that e-commerce and sales of outdoor products and inline skates were positive in the first quarter of 2020, despite the Covid-19 pandemic. The net turnover of the group went up by 6.4 percent to a record €424 million in 2019, ...

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    Article

    Foot Locker will convert about 35 Runners Point stores

    2020-05-25T20:51:00Z

    As we had imagined in reporting the phaseout of its Runners Point banner in Germany, Austria and Switzerland, the management of Foot Locker told investors on May 22 that only about 40 stores would be closed, while the others would be converted to the Foot Locker or ...

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    Article

    Asics is back in the red

    2020-05-25T20:47:00Z

    Asics ended the first quarter with a loss of 243 million yen (€2.0m-$2.2m), versus a profit of ¥4,365 million for the same quarter last year, weighed down by store closures. The management said that recent efforts to restructure the business helped sales in Europe and the U.S. until March, ...

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    Article

    Ispo measures the pandemic’s effects on sports retail

    2020-05-25T15:57:00Z

    Ispo has released the results of a survey it launched on April 9 to determine the effects of the pandemic on European sports and outdoor retailers. Among other interesting points, the survey indicated that Covid-19 began to strike their businesses early, that many resorted to home deliveries and ...

  • Article

    ​Facebook wants to become a shopping platform

    2020-05-20T19:12:00Z

    In response to the current corona crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram . Mark Zuckerberg , founder and chief executive of Facebook, said in a livestreamed ...