News and insights about brands in the sporting goods industry – Page 147
-
ArticleDigitalization helps Adidas to recover
The Adidas Group made a strong recovery in the third quarter, approaching a normalization of its business, thanks largely to a 51 percent boost in e-commerce, coupled with a more a selective distribution policy. Mentioning its close relations with JD Sports Fashion and Zalando as examples, down to inventory sharing, ...
-
News briefs
Technogym launches the 2020 Let’s Move Week
Technogym has announced the 2020 Let’s Move Week, a week-long campaign to promote physical exercise. The campaign will run both online and offline from Nov. 9 to 15. People can join the campaign from home or anywhere online, or from a fitness club that has joined the initiative. Every day, ...
-
News briefs
Rapha partners with Bang & Olufsen on indoor training earphones
Rapha, the cycling clothing brand, is launching a set of wireless earphones for sports in collaboration with Bang & Olufsen. The Beoplay E8 Sport earphones are said to offer above-average sound quality, consistent with Bang & Olufsen’s renowned audio quality. They feature a one-finger touch interface to play music, skip ...
-
News briefsIIC elects Intersport Germany’s CEO to its management board
Intersport International Corporation (IIC) has elected Alexander von Preen, chief executive of Intersport Germany, to its management board with a unanimous vote. Von Preen’s term extends to the annual general meeting in 2023. Intersport Germany has been absent of late from the management board due to the recent resignation of ...
-
News briefs
Adidas releases a collection with F***ing Awesome
Adidas Skateboarding has released a collection with F***ing Awesome, a brand of gear and apparel for skaters. Designed by the skate brand’s co-founder, Jason Dill, the collection is described as a “dual-season apparel and footwear concept series.” Installment One – consisting of a Taekwondo outfit, coveralls, a jersey set, technical ...
-
ArticleVF acquires Supreme
VF Corp. has announced a definitive agreement to acquire Supreme, a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of 2020. Investors ...
-
Article
Asics improves in Q3, but warns about second Covid wave
Asics reported better-than-expected third-quarter sales and revised upward its forecasts for the full year, but warned that fourth-quarter sales would take a hit from the second wave of the Covid-19 pandemic. Net sales rose by 4.39 percent to 103,309 million yen (€829m-$979m) in the third quarter as more people took ...
-
Article
GoPro swings to a profit
The American action camera specialist managed to post a profit for the third quarter thanks to a more intense direct-to-consumer (DTC) approach and strong sales of new products, which helped boost total revenues by 114 percent to $280.51 million. Analysts expected revenues of $234.5 million. GoPro’s net income for the ...
-
Article
Deckers Brands highlights CSR goals and achievements in a new report
Deckers Brands has released its Creating Change FY20 Corporate Responsibility and Sustainability Report, in which the group highlights its achievements toward its sustainable development goals during the reporting year from Apr. 1, 2019 to March 31, 2020. Deckers owns a portfolio of footwear, apparel and accessories brands for casual lifestyle ...
-
Article
Better-than-expected results for Wolverine
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the group’s own e-commerce ...
-
Article
An unexpected profit for Canada Goose
Thanks to strong demand from China, Canada Goose posted an unexpected profit in the second fiscal quarter. After posting heavy losses in the first quarter, it has now returned to profits with a net income of 10.4 million Canadian dollars (€6.7-$8.0m) for the three months of its second quarter ...
-
Article
Higher prices boost Fitbit’s sales and margins
Fitbit reported revenues for the third quarter that rose by 5 percent from the year-ago quarter to $363.9 million, driven by higher average selling prices. The net loss grew slightly to $54.5 million on a GAAP accounting basis, but it declined sharply on a non-GAAP basis to $8.3 million from ...
-
News briefs
Decathlon strikes a green-energy deal
Decathlon France has signed a long-term deal with Voltalia to purchase renewable electricity from a dedicated solar farm. The farm will be funded and built by the international green-energy specialist company in southeastern France and should commence operation by 2023. Decathlon will be taking some 16 megawatts of a total ...
-
News briefsInspecs extends eyewear license deal with O’Neill
Inspecs, a major U.K.-based eyewear supplier that recently went public, has agreed a new “long-term” license agreement for eyewear with O’Neill, the international surf and snowwear brand. The companies have been working together since 2013 and no further details on the length of the renewal were released. As part of ...
-
News briefsHohenstein finds a way to measure textile compression
The Hohenstein Institute and its partners have come up with a standard for measuring the compression exerted by textiles, notably in sportswear. The family-owned testing, certification and research company has proposed DIN SPEC 4868, a test method to be used in conjunction with HOSYcan, a compression tester. According to Florian ...
-
News briefs
Decathlon partners with Conad supermarkets in Italy
Decathlon is opening a shop-in-shop at a Conad supermarket in Rivoli, an Italian town near Turin. The 310-square-meter space will sell a selection of Decathlon products with a focus on fitness, running, swimming, trekking, sports nutrition, sports bags and protective sports equipment. Customers will pay for these goods at the ...
-
Short stops
PRODUCT
+++ The Phelps Brand has announced that its new Ninja competition goggle is now available for swimmers worldwide +++ Etnies has released new versions of its Veer and Marana shoes with new Michelin outsoles +++ Atomic is supplying a range of skis specifically made for SnowWorld, the big Dutch snow ...
-
Short stops
MARKETING
+++ Under Armour has announced an exclusive technical apparel and footwear partnership deal with Aphrodite Hills, the golf and resort complex in Cyprus +++ Bollé has become an official supplier of the Canadian alpine ski federation+++ Hyperice has been named the official recovery device of the PGA Tour and PGA ...
-
News briefs
Speedo will get a new global brand director who is now in charge of Berghaus
Pentland Brands will be shifting Kev McFadyen from brand director of Berghaus to global brand director of Speedo in January. McFadyen, who assumed his Berghaus post when he was hired by Pentland in 2018, will remain on the brand’s advisory board, alongside Sir Chris Bonington and Leo Houlding. Nadine ...
-
News briefs
Oberalp launches a women’s brand, LaMunt
The Oberalp Group unveiled a new brand of clothing for hiking, trekking and mountain skiing of its own, called LaMunt (“the mountain” in the Ladin language) and described as “the mountaineering brand from women for women”, at its most recent Virtual Sales Convention. The new project, which has been led ...
