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ArticleAsics cuts off some European retailers
Asics has decided to end relations with some retailers in Europe, starting with deliveries planned for January 2022 and afterwards, citing “unprecedented demand for our products,” combined with a challenging Covid-19 situation in many of its production countries. Running is booming, and as we have already reported, new ...
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Crocs raises guidance as Q2 revenues stride ahead
Crocs reported better-than-expected second-quarter sales and raised its full-year guidance on the back of strong global demand for its products, despite supply chain disruptions caused by the Covid-19 pandemic. Easily beating an analyst consensus forecast of $565.2 million, the company posted record revenues of $640.8 million for the ...
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Skechers’ sales rise by 127.3%, driven by comfort trends
Skechers reported a 127.3 perrcent increase in revenues to a record level of $1.66 billion for the second quarter ended June 30, with a growth of 117.5 percent in local currencies and of 31.7 percent from the second quarter of 2019. Improving its guidance for the full financial year, ...
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Expanded: Lidl launches a golf range in many European countries
After offering sports products for fitness, running, cycling, winter sports and more, Lidl has now launched a comprehensive range of clothing and accessories for amateur golfers in many of its stores in several European countries: France, Germany, the U.K., Ireland, the Netherlands, Finland, Sweden, Denmark, Belgium, the Czech Republic, ...
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OutDoor by ISPO 2021: More conference, less exhibition
The upcoming OutDoor by ISPO , dubbed the “ Global Summit Edition ” and scheduled to be held in Munich on Oct. 5-7, 2021, will focus more on the conference component in combination with the European Outdoor Summit and offer a scaled-down exhibition space with pre-built booths for a ...
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IOC recognizes six new sports federations, adds ski mountaineering for Milano Cortina 2026
Six International Sports Federations (IFs) were granted full recognition by the International Olympic Committee ( IOC ) at its 138th session in Tokyo on July 20. The six new IFs are: the International Cheerleading Union ( ICU ), the International Federation of Muaythai Associations ( IFMA ...
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StockX reaches new milestones, thanks to diversification
In a mid-year Snapshot of its “Culture Index,” which was first launched last year, StockX reported a 90 percent increase in the gross merchandise value (GMV) going through its marketplace in the first half of 2021, led by a growth of 250 percent from “emerging categories” such as gaming ...
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More Chinese firms guide for better results
Xtep International is guiding for an increase of at least 65 percent in net income for the first half of 2021, thanks to better-than-expected revenues and higher gross margins. The company, which has also a joint venture with Wolverine Worldwide for China, had reported a profit of 247.9 ...
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ISPO Munich to open up to consumers and tourism
For the next edition of ISPO Munich , scheduled to take place on Jan. 23-26, 2022, the ISPO Group is planning to reserve a dedicated B2C hall for consumers at Messe München ’s fairgrounds. They would be invited to try out new sports and new products. They would also ...
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Bangladesh imposes a two-week lockdown
The Delta variant of Covid-19 has led the government of Bangladesh to impose a nationwide lockdown on the country’s textile and apparel industry, which is the world’s second-largest exporter of these products after China, starting on July 23. It will come on the heels of the Muslim Eid al-Adha holidays, ...
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Recreational trends benefit Thule
Continuing its strong growth trend for the fourth quarter in a row, the Swedish-based Thule Group reported improved results for the second quarter ended June 30. Net sales went up by 58.1 percent to 3,229 million Swedish kronor (€315.5m-$371.4m) as compared to the same period a year ago, when ...
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Opinion: Jochen Schäfer on the new distribution rules for the EU - A Game Changer or Not?
A guest article by Jochen Schaefer: As already reported by SGI Europe on July 13, 2021, the EU Commission has published a first draft of the revised EU Vertical Block Exemption Regulation 2022 (“VBER 2022”) accompanied by a comprehensive 92-page draft set of guidelines on vertical restraints (“Guidelines 2022”), ...
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Shenzhou and Eagle Nice slow output in Vietnam
Pou Chen and Kingmaker Footwear are shutting down their shoe factories in Vietnam, as previously reported , and we now hear about the shutdown of at least another local shoe producer, Chang Shin Vietnam Co. Meanwhile a couple of important producers of sports apparel are doing the ...
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Stella’s Q2 sales rise by 58.1%
The revenues of Stella International, the Chinese footwear group based in Hong Kong, rose by 58.1 percent to $392.1 million in the second quarter of 2021 from $248.0 million a year earlier, when the company’s sales were negatively impacted by the outbreak of the Covid-19 pandemic. The top line, ...
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FIS sets up new working groups and an office in Beijing
The International Ski Federation ( FIS ) has opened a 400-square-meter liason office in Beijing, following the formation of a China Working Group at a recent meeting of the FIS Council, led by one of the council’s members, Moses Liang-Cheng Zheng . The announcement was made at a Chinese National ...
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Teyssier becomes Puma’s general manager for Europe
Puma has appointed a new general manager for Europe, Richard Teyssier , effective from Sept. 1, taking over many of the functions of Arne Freundt , who joined the executive board as chief commercial officer of the company in June. Teyssier, 53, has served as area general manager ...
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Vollebak introduces sweaters made from old bulletproof vests and firefighting gear
Vollebak , a five-year-old British brand of sustainable men’s sports and adventure wear, is launching a line of sweaters made from old bulletproof vests and firefighter suits. The Garbage Sweater is made from 70 percent recycled meta-aramid and 30 percent recycled para-aramid fibers. Firefighter suits are typically made of ...
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New anglers help Rapala reel in strong H1 sales rise
Rapala VMC, the Finnish-based fishing tackle company, reported a sharp rise in first-half sales, driven by strong demand for fishing gear from new anglers as a Covid-safe activity. Sales for the six months to June 30 increased by 36 percent to €159.6 million. The bottom line turned around to ...
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Puma’s sales nearly doubled in Q2
In advance of its financial release for the second quarter ended June 30, which is scheduled for July 29, Puma announced on July 16 that it will report an operating profit (Ebit) of about €109 million for the period, compared with a loss of €115 million a year earlier, ...
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How Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
