All Article articles – Page 130
-
ArticleGood 11-month results allow Accell to repay government Covid credit facility
The company’s growth in sales and profits so far this year will allow the Accell Group to fully repay its “Go-C” credit facility, issued during the Covid-19 pandemic, before the end of 2021. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal ...
-
ArticleJohnson Outdoors boosts inventories, sees recovery in diving
Johnson Outdoors ended its financial year on Oct. 1 with a year-on-year increase of 71 percent to $166.6 million in its inventories. The company said it is focused on managing supply chain constraints and related costs, indicating that the demand for its fishing, camping, water recreation and diving products remained ...
-
Article
Spektrum gets new financing to diversify and internalize
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish kronor (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector, including helmets. Spektrum was founded in 2012 by a group ...
-
Article
Lululemon bumps up guidance but Mirror struggles, airfreight costs rise
Lululemon Athletica increased guidance for sales and earnings guidance following a strong top and bottom line showing in the third quarter ended Oct. 31. The upgrade for the year came despite an unimpressive performance by its connected fitness business, Mirror, and higher airfreight costs amid ongoing global supply chain constraints. ...
-
ArticleAnalysis: The European Sports Retail Market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major sporting goods retailers in 15 European countries.
-
Article
Sports Direct’s parent eyes record profits after post-lockdown bounce in H1
Frasers Group - the U.K.-based parent company of Sports Direct and other retail chains – said it was on track to post record profits for its full year, after sales in its first half ended Oct. 24 rose by 23.6 percent to £2,339.8 million (€2,736.6m-$3,089.1m). Top line gains were supported ...
-
Article
Sport 2000 launches the Running Experts Europe initiative
Sport 2000 has launched a new initiative, called Running Experts Europe, to federate the operators of specialist running shops all over Europe, starting with representatives from the Netherlands, Belgium, Switzerland and Germany. In these countries, the ANWR Group has bundled the activities of Sport 2000 through a joint company, Sport ...
-
Article
Rallye sells Go Sport for one euro
Rallye is putting an end to its involvement in sporting goods retailing with the sale of Groupe Go Sport to Hermione People & Brands (HPB), which is now expected to be completed by Dec. 10. HPB has agreed to pay only one symbolic euro for the business, which is said ...
-
Article
Adidas moves into the metaverse, and Ethereum
About two weeks after establishing partnerships with the cryptocurrency exchange Coinbase and the networked-gaming platform The Sandbox, Adidas has announced by tweet three new partners in its foray into the so-called metaverse. One is Bored Ape Yacht Club (BAYC), a collection of about 10,000 Bored Ape non-fungible tokens (NFTs) on ...
-
Article
Kingmaker posts a negative gross margin due to Covid
The mandatory payment of minimum wages to factory workers idled by the Covid pandemic caused Kingmaker to post a negative gross margin for the first half of its fiscal year ended Sept. 30, leading it to report a net loss of 15.5 million Hong Kong dollars (€1.8m-$2.0m) compared with a ...
-
ArticleThe OR Snow Show will take place, but without some key players
After some hesitations and discussions on the subject, the Outdoor Retailer Snow Show will be taking place as planned as an in-person event on Jan. 26-28, 2022 in Denver, Colorado. Its organizers have unveiled an accompanying education program and a redesigned floor plan centered around the “Resource Center,” a new ...
-
Article
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 ...
-
ArticleIntersport 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, ...
-
Article
Zumiez continued to grow in Q3
Beating analysts’ estimates, Zumiez reported a 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019, when the company ...
-
ArticleZegna launches outdoor and ski capsule before its IPO
Source: Zegna New Zegna logo Zegna has unveiled The Outdoor Capsule, describing the line as “performance apparel and ski gear for big and small outings with elegant style.” The capsule’s exclusive pieces include ski helmets from Zegna and Kask, performance footwear from Zegna and La Sportiva, water ...
-
ArticleBig changes in anti-trust commercial regulations are being discussed in Brussels
Following a workshop held on Nov. 14 and 15, where the Federation of the European Sporting Goods Industry (FESI) and other trade associations expressed their reservations about it, the European Commission has agreed to revise at least one of the new draft VBER2022 regulations and guidelines that it submitted for ...
-
ArticleThe WTA suspends all tournaments in China over Peng Shuai’s plight
On Dec. 1, the chairman and CEO of the Women’s Tennis Association (WTA), Steve Simon, announced, “with the full support of the WTA Board of Directors,” the “immediate suspension of all WTA tournaments in China, including Hong Kong.” The WTA has a ten-year deal for nine tournaments in China, among ...
-
ArticleThe 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 ...
-
ArticleBogner teams up with Bosideng for China
Bogner has signed a joint venture agreement with a subsidiary of Bosideng International Holdings, a leading Chinese apparel group, to establish a strong presence for the Bogner and Fire+Ice brands in the Greater China area with the support of experienced managers. The business plan calls for strong social media activities ...
-
ArticleS&P compares Reebok to Champion
Standard & Poor’s confirmed its B issuer credit rating for the Authentic Brands Group (ABG) after its decision to bring in two new investors, HPS Investment Partners and CVC Capital, instead of raising new capital by going public. As reported, they both purchased some of the existing shareholders’ shares. Instead, ...
