All Article articles – Page 138
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Article7 out of 10 Austrians are physically active, outdoor sports most popular
As part of a representative study conducted by the digital market and research institute Marketagent.com, the retail chain Hervis Sports researched the athletic habits of Austrians and wanted to know whether and what impact Covid-19 has had on their sports behavior. Hervis is one of the largest specialist sports ...
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ArticleNike and Newlight collaborate to research carbon-negative material
Nike and California-based Newlight Technologies have announced a partnership to explore the use of AirCarbon, an energy storage material, in a variety of applications within Nike’s supply chain and manufacturing. According to a press release, the collaboration is part of Nike’s plans to accelerate its carbon reduction plans, as materials ...
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ArticleAustrian and Swiss buying groups cooperate on digitalization
The Swiss Premium Sports Group (PSG) of independent sports retailers, which have been affiliated with ANWR-Garant Swiss since 2013, have agreed to adopt the digitalization strategy of Sport 2000 Austria. This includes cooperation in the areas of data clearing centers, digital store counters and online retailing, creating a central data ...
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ArticleBrooks’ growth in Europe should accelerate to 40% in 2021
Brooks Running reported average sales growth of 52 percent in Europe for the first half of 2021 in a press release, forecasting an increase of around 40 percent for the whole year, after a rise of 10 percent in 2020. The main Southern European markets grew significantly faster in the ...
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Xtep reports solid growth for first six months in 2021
Xtep International reported revenue growth of 12.4 percent to 4.13 billion yuan renmimbi (€544m-$639m) in the first half of 2021. The gross margin improved by 1.3 percentage points to 41.8 percent and the net profit grew by 72.0 percent to RMB 426.5 million (€56.1m-$65.9m). The group has completed a multi-faceted ...
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ArticleAnta's sales go up by 55.5%, profits more than double in H1
Anta Sports Products saw revenues jump by 55.5 percent to 22,812 million yuan renminbi (€2,999m-$3,524m) in the six months ended June 30, supported by strong growth in all brands and benefiting from the easing of Covid-19 restrictions. Like other Chinese sports companies, Anta has also seen demand boosted amid government-backed ...
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ArticlePadel Nuestro under new ownership
According to CMDsport, the holding company Backspin Capital Investments has acquired Padel Nuestro and appointed a new CEO, Iñigo Colomina Fajardo, who is the chief executive of Colomina Investments of Madrid. The Spanish pádel retailer’s founders – Ismael Cancho Lozano, José Ignacio Simón Marín and Pascual López Cuadra – signed ...
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ArticleOn turns around as it files registration for its IPO
On Holding, the Swiss company that owns On, the performance brand specialized in running and backed by Roger Federer, has announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed Initial Public Offering (IPO). The company’s valuation, the number of ...
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ArticleSuper Retail Group sees sales up 22%, new lockdowns cause worry
Super Retail Group, the Australian company that owns the Rebel Sport, Boating Camping Fishing (BCF) and Macpac retail chains, generated sales in the fiscal year ended June 26 of 3,453 million Australian dollars (€2,119m-$2,487m), a 22 percent increase on the year-earlier figure and 23 percent higher on a comparable store ...
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Globe’s sales rise 76% as online business, North America lead the way
Globe International, the Australian-based multi-brand skate company, saw sales and profits soar in its fiscal year ended June 30, as it benefited from rapid growth in its online business and its ownership of brands involved in activities that many consumers continued to participate in throughout the Covid-19 pandemic. Sales increased ...
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Margins improve at Foot Locker, while growth softens
Performing better than expected, Foot Locker generated net earnings of $430 million for the second quarter ended July 31, up from net income of $45 million in the same period of 2020 and $60 million in the corresponding quarter of 2019. The progress was partly due to extraordinary gains of ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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Global participation in tennis is on the rise
The International Tennis Federation (ITF) has just released the “ITF Global Tennis Report 2021,” which shows a positive outlook for tennis compared to the 2019 report, despite the challenges of the Covid-19 pandemic. The 2021 report indicates that there are now more than 87.2 million players in the 41 nations ...
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Small Q2 drop in an expanded Norwegian market
After registering a jump of 24.97 percent in the first quarter, due especially to very good weather conditions, the major sporting goods retail chains booked a drop of 3.93 percent in the second quarter as compared to the same period of last year, due in part to store closures. Many ...
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Bogner closes 2020/21 financial year “well above plan”
Bogner suffered considerable losses in terms of sales during the financial year ended on March 31, but it made higher profits. Revenues of €122.5 million for the year fell short of the previous year’s level by almost 25 percent, due to the closure of retail stores because of Covid. On ...
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Allbirds launches CO²-labelled activewear, but faces greenwashing claims
Allbirds, the San Francisco-based brand of sustainable footwear, has just released its first athletic apparel range, consisting of five women’s styles and two for men, made from different woven and knitted fabrics that integrate recycled polyester and nylons, Merino wool, eucalyptus tree fiber and Tencel Lyocell. Consisting of tank tops, ...
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361 Degrees sees 15.7% H1 sales lift, looks further abroad
361 Degrees International saw first half revenues increase by 15.7 percent to 3,107 million yuan renminbi (€409.3m-$479.3m), and the Chinese sports company’s attributable net profit grew by 32.9 percent to RMB 401.4 million (€52.9m-$61.9m), thanks in part to lower impairment charges and lower interest following the repurchase of its last ...
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ArticleRevolutionRace races ahead in first financial report post-listing
Fresh from a June listing on Nasdaq Stockholm, RevolutionRace, the Swedish DTC outdoor company, saw sales in the fourth quarter of its fiscal year surge by 152 percent to 273.7 million Swedish kronor (€26.8m-$31.3m), with double or triple-digit growth in all markets. The average order value (AOV) rose to SEK ...
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Sports & Leisure unit leads New Wave's Q2 sales higher
Sweden’s New Wave Group, which owns brands like Craft and Cutter & Back, saw total sales in the second quarter ended June 30 rise by 13 percent as compared to the year earlier to 1,487 million Swedish kronor (€145.7m-$171.1m), led by a 70 percent increase in its Sports & Leisure ...
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Fila benefits from improved licensing royalties and Acushnet’s success
Fila Holdings generated group revenues of 1,019,354 million Korean won (€739.4m-$866.2m) in the second quarter ended June 30, up by 63.1 percent on the year earlier, as the Korean-based company’s results continued to benefit from the contribution of its 51-percent owned Acushnet subsidiary and licensing royalties showed a clearly improving ...
