COVID-19
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Report says sports brands leave Cambodian laborers languishing in poverty
Source: ActionAid Cambodia Workers Report The Covid-19 pandemic had a catastrophic impact on the workers employed in garment factories across Cambodia. In early 2020, workers already earned below the living wage and relied on overtime pay to cover their basic needs. By the end of the year, ...
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WFSGI cooperates with WHO to improve global health
The World Health Organization (WHO) and the World Federation of Sporting Goods Industry (WFSGI) have signed a Memorandum of Understanding (MoU) in Geneva that establishes a framework for collaboration to improve global health through increased physical activity and sports participation. Recent industry data shows that health and well-being are on ...
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ISPO Beijing 2023 with 50% increase in visitors compared to 2022
The message of ISPO Beijing, which took place Feb. 10-12, 2023, was clear: Trade shows are back – and the sports industry is booming, also and especially in China. 368 leading brands and 223 exhibitors attracted 37,623 trade visitors and sports enthusiasts to Beijing. According to organizers, the show celebrated ...
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Topsports sees H1 earnings, sales slip
Chinese sports retailer and distributor Topsports saw its net profit in the six months ended Aug. 31 decrease by 19.9 percent to 1,145.4 million renminbi (€158.6m), and sales slip by 15.1 percent to RMB 13,218.0 million (€1,829.8m) as recurrent Covid-19 restrictions in China took their toll on store traffic. Despite ...
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Fila’s Q1 revenues boosted by Acushnet, royalty income
Fila Holdings group revenues rose 15.0 percent (+4.3% currency neutral) to a quarterly record high of 1,171,903 million Korean won (€820.3m) in the second quarter ended June 30. More than 18 percent revenue growth at Acushnet to KRW 828,977 million (€580.3m) fueled by solid demand in North America and a ...
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Alpargatas sees Havaianas’ revenues fall double-digits in U.S., China
Alpargatas suffered double-digit sales declines for its rubber sandal brand in both the U.S. and China during the second quarter but realized an 11.8 percent increase in price per pair during the period. Havaianas’ sales declined 46.3 percent in China to 8.7 million Brazilian reais (€1.7m) due to the country’s ...
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Intersport Austria sees business model confirmed; outdoor, ski and bike lead the way
Intersport Austria reported revenues of approximately €325 million in the first half (ended March 30) of its 2022 fiscal year. This represents a 12 percent increase compared to pre-pandemic levels (first half of FY2019). These figures do not include Hungary, Slovakia and the Czech Republic. Source: Intersport ...
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Adidas reins in FY expectations as Q1 sales dip, China struggles
Adidas cut its expectations for gross and operating margins for the full year and projected that sales and net profit would come in at the lower end of guidance after sales dipped in the first quarter and as it continues to struggle in China, where new Covid-19 lockdowns have worsened ...
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Ongoing war in Ukraine weighs on German consumer sentiment
As the consumer barometer of the German Retail Association (HDE) shows, consumer sentiment among Germans is continuing to deteriorate in May. After plummeting massively following the start of the Russian war in Ukraine, the index is now declining again. This is the sixth month of consecutive declines in the HDE ...
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Puma maintains FY guidance despite 20% sales jump in Q1
Puma said it still anticipates currency-adjusted sales will increase “by at least 10 percent” in 2022, although it left the door open to “upside potential” after posting better-than-expected sales growth in the first quarter. Sales in the first three months of the year increased by 19.7 percent in local currencies, ...
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China’s worst Covid outbreak since Wuhan is the next threat to the supply chain
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the border with North ...
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eBay survey analyzes shopping behavior during Covid-19 pandemic in Germany
In its consumer behavior analysis for the German website eBay.de, the online company eBay Ads has evaluated search queries during the extract search words and trends among its users. According to the report, two trends are becoming obvious: Search words like “well-being” and “cozy” have seen a significant increase compared ...
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Kathmandu climbing despite Covid, supply chain impacts
Profits went up at Kathmandu Holding in its second quarter, ended Jan. 30, despite the global pandemic’s impact on its operations. In a preliminary trading update for its first half, the New Zealand-based parent of the Kathmandu, Oboz and Rip Curl brands said its results improved despite lower retail traffic, ...
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Consumer confidence dwindles in the U.K.
GfK’s Consumer Confidence Index for the U.K. has fallen by one point so far in December, remaining negative at -15, in the midst of the spreading Omicron variant, which has led to more than 100,000 new daily cases of Covid contamination. The index had improved by three points to -14 ...
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German retailers oppose the current anti-Covid measures
Intersport Germany and Rose Bikes are reportedly representing a group of 4,500 stakeholders in Germany that is grouping retailers, trade associations, journalists and economic experts in their opposition against the German government’s Dec. 2 decision to allow only vaccinated people to enter non-essential retail stores. The requirement, which is being ...
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Intersport Austria enhances services during the present lockdown
At a press conference marking the start of the 2022 winter season, Intersport Austria looked to the future with cautious optimism. On the first weekend of the advent season, the retail group recorded a digital run on all the winter sports articles that its retail members are offering. Alpine skis, ...
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The unvaccinated are banned from Germany’s non-essential stores
In contrast with Austria, where non-essential stores and other public indoor services have been forced to shut down completely at least until Dec. 13, or with the U.K., where people must now wear masks in all the stores, non-essential stores as well as cinemas, theaters and restaurants in Germany will ...
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Ski resorts are opening in Russia, but many will not go there
The first ski resorts in Russia have opened in the Kemerovo and Khabarovsk Krai regions, marking the beginning of the early winter season. Around this time a year ago, the Russian market experienced a substantial rise in demand for winter sporting goods equipment, as many Russian skiers were prevented from ...
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Alpine ski facilities are not being closed, but Germany may follow Austria’s lockdown
Europe has become the epicenter of the new wave of the coronavirus pandemic, registering 67 percent of the new cases of infection around the world. The situation is particularly tense in Central Europe, but in contrast with a year ago, health authorities are generally excluding snow sports from the range ...
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Austria imposes a general lockdown, Germany approves a new infection protection act
Without waiting for the end of a previously imposed confinement for the unvaccinated, which started on Nov. 15, the Austrian government decided that everybody will go into a general, nationwide lockdown for a maximum of 20 days on Monday, Nov. 22, and that it will be extended for unvaccinated people ...