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  • Article

    ABG sees Reebok reaching $10 bn at retail

    2021-11-30T18:15:00Z

    Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...

  • Article

    Lululemon countersues Peloton over its activewear

    2021-11-30T17:32:00Z

    Lululemon Athletica launched its threatened lawsuit against Peloton Interactive over the latter’s new activewear line in the federal court for Central California on Nov. 29. Lululemon had sent a cease-and-desist letter to Peloton on Nov. 11, claiming potential infringement of six design patents by five items in the latter’s collection. ...

  • Article

    Shoes will be sportier and more expensive

    2021-11-29T18:23:00Z

    The market for sports-related shoes will continue to gain market share from other types of footwear over the next three years, according to 75 percent of the respondents to a survey organized by World Footwear in collaboration with Shoe Intelligence. The ratio rises to 77 percent when it comes to ...

  • Article

    Snowleader moves into larger premises

    2021-11-29T17:37:00Z

    Snowleader, a leading online retailer of outdoor and snow sports products based in the Savoy region of France, has moved to a larger, eco-friendly office of 3,000 square meters at Epargny, near Annecy, while inaugurating a new and bigger automated warehouse at a different site further away at Versoud. The ...

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    Article

    Retail chains’ global sales inched up by 1% last year

    2021-11-24T18:18:00Z

    The total revenues of the largest sporting goods retailers around the world eked out a slight increase of one percent in 2020 - both in dollars and in local currencies – going up to a level of $106.7 billion. Like the global sports market, which was flat at $508 million ...

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    Article

    Cancelled functional fabrics show in Munich goes virtual again

    2021-11-24T10:39:00Z

    The physical edition of Performance Days – initially planned for Dec. 1 and 2 – had to be cancelled at short notice due to the current sharp rise in Covid infections in Munich. Like already in May, the winter edition of the show will be moved entirely into the digital ...

  • Article

    Ski resorts are opening in Russia, but many will not go there

    2021-11-23T17:17:00Z

    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 ...

  • Article

    Alpine ski facilities are not being closed, but Germany may follow Austria’s lockdown

    2021-11-23T17:17:00Z

    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 ...

  • Article

    Shelving IPO plans, ABG brings in two new investors

    2021-11-22T18:15:00Z

    Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...

  • Article

    Hervis wins award for its online consulting solution

    2021-11-22T17:09:00Z

    Hervis Sport, the big integrated Austrian sports retail chain, was presented with the Retail Innovation Award 2021 in the “Best Online Solution” category by the Austrian Trade Association on the occasion of Tech Day on Nov. 18, 2021 in Vienna. The jury was particularly impressed by its newly created option ...

  • Article

    Foot Locker grew by 3.9% in Q3

    2021-11-19T18:19:00Z

    Foot Locker reported net income of $158 million for the 13-week period ended Oct. 30, after extraordinary charges of $57 million. Excluding one-time items, the adjusted net income increased by 57 percent to $201 million. The net results compare with $265 million in the year-ago period and $125 million in ...

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    Article

    Austria imposes a general lockdown, Germany approves a new infection protection act

    2021-11-19T16:59:00Z

    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 ...

  • Article

    China’s Topsports improves margins on slightly lower sales

    2021-11-19T16:35:00Z

    Topsports International Holdings, the leading Chinese sports distributor and retailer spun off by Belle International in 2019, reported a decline of 1.2 percent in total revenues to 15.57 billion renmimbi (€2,128m-$2,407m) for the first half of its financial year, ended Aug. 31. The gross margin improved by 2.9 percentage points ...

  • Article

    Alibaba cuts guidance after a Q2 profit and sales miss

    2021-11-19T16:26:00Z

    The Alibaba Group cut its guidance for its full financial year after revenues and earnings came in below expectations in its second quarter ended Sept. 30, amid a slowdown in economic growth in China and an ongoing regulatory crackdown on tech companies in the country. Alibaba now expects revenues to ...

  • Article

    Yonex raises guidance as Q2 sales grow by 34%, driven by China

    2021-11-18T19:05:00Z

    Yonex enjoyed a sales increase of 34 percent to 16.6 billion yen (€143.2m-$169.1m) in its second quarter, ended Sept. 30, leading the Japanese company to nearly double its net income to ¥2,396 million (€18.4m-$21.8m). The gross margin expanded by 3.5 percentage points to 46.7 percent. Sales grew in Japan by ...

  • Article

    Strong recovery in personal luxury may affect our sector

    2021-11-18T17:32:00Z

    The personal luxury market has been traditionally subject to bigger swings than the sporting goods market in their competition for the consumer’s spending, and its recovery this year may impact the recovery of the sporting goods market, especially in the overalapping areas of sneakers and athleisure, in our opinion. The ...

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    Article

    Outdoor outperformed the athletic and casual footwear market in 2020, but…

    2021-11-18T17:32:00Z

    It all depends on the brands that we include in three annual surveys that EDM Publications puts out every year for these three segments of the shoe market, some of which play in two different segments.

  • Manchester United
    Article

    Indebted ManUnited to issue shares to its fans

    2021-11-18T16:21:00Z

    Manchester United fired Ole Gunnar Solskjaer, the Norwegian team manager hired three years ago, after the English football club lost 4-1 against Watford on Saturday Nov. 20, its fifth defeat in the first seven matches of this season’s Premier League. The dismal score, which is infuriating the club’s fans, will ...

  • Article

    Golf shines at Alpen and Xebio in Japan amid the pandemic

    2021-11-18T16:21:00Z

    The recent measures taken by the Japanese government from July tthrough September to combat the Covid-19 pandemic, which shut down team and indoor sports and reduced store traffic, had an impact on the latest quarterly results of two major Japanese sports retailers. Golf was an exception, and winter sporting goods ...

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    Article

    Norway’s sports market fell by 7% in Q3

    2021-11-18T13:05:00Z

    The period between July and September 2021 was the second-best third quarter for retailers operating in the wealthy Norwegian sporting goods market. It recorded a 7 percent decline to 3.7 billion Norwegian kroner (€374m-$423m) as compared to the third quarter of 2020, when the market grew at an exceptional rate ...