News and insights about brands in the sporting goods industry – Page 148
-
Article
Lululemon expands its leadership team
Lululemon Athletica has promoted one of its managers, Celeste Burgoyne, and brought in an experienced manager, André Maestrini, who will join the company from Adidas in January to serve as executive vice president in charge of international operations. It has also appointed a new manager in charge of diversity and ...
-
News briefs
VF appoints a new VP of inclusion and diversity
VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I&D) in replacement of Reggie Miller, who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie & Fitch and Levi Strauss, then in an executive capacity at Nike, Old Navy ...
-
News briefs
Lululemon releases its first comprehensive sustainability agenda
Lululemon has set its long-term sustainability strategy in its first-ever “Impact Agenda.” The document sets three focus key areas - “Be Human,” “Be Well,” and “Be Planet” - and outlines 12 goals to drive progress in social and environmental issues. These include commitments to have at least 75 percent of ...
-
News briefs
Under Armour divests MyFitnessPal, will discontinue Endomondo
Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners, a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become a stand-alone company. ...
-
ArticleAmazon posts 37% higher sales, net profit triples
Amazon said that its sales in the third quarter grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange ...
-
ArticleUnder Armour posts better-than-expected Q3 results
Under Armour reported net income of $38.9 million for the third quarter, compared with $102.3 million in the year-ago period, on virtually flat revenues of $1,433 million. Aside from a weaker gross margin, the lower profitability was essentially due to ongoing restructuring and impairment changes of $74.2 million for the ...
-
ArticleFogliato will run Columbia’s omni-channel activities in executive reshuffle
Columbia Sportswear Company has announced a series of senior leadership changes executing on transition plans while supporting the company’s omni-channel programs for growth and unlocking digital opportunities. The company is aligning its organizational structure globally “to accelerate our business transformation with a focus on e-commerce and digital,” said Tim Boyle, ...
-
ArticleColumbia performs better than expected
After a difficult first half of 2020 due to the impact of the pandemic, Columbia Sportswear Company performed better in the third quarter, but the results remained far below those of last year. Its net income tumbled by 47 percent from the year-ago quarter to $62.8 million, while sales dropped ...
-
News briefs
Bollé introduces AR filter for touchless sales experience
Bollé is launching a new augmented reality (AR) filter that allows users to try out its Phantom lens, found in its Nevada or Ryft goggles, and see what they look like while wearing Bollé’s helmets from their smartphone without having to physically touch the products. Once they have seen the ...
-
News briefs
Decathlon plans to launch its marketplace in France and other countries
According to reports by sport-guide.com and other media, Decathlon is planning to test the possible launch of a marketplace in France by the end of this year. It would be part of a project that would also be implemented sooner or later in Germany, Spain, Italy, the Netherlands, the U.K. ...
-
News briefs
Nike manager switches to Snipes
The Deichmann group has appointed a long-time Nike manager to the new position of European general manager for Snipes, its international chain of sneaker shops. Starting on Nov. 1, he will join Snipes’ founder and chief executive, Sven Voth, and Tim Spickenborn, the chief financial officer, as the third member ...
-
News briefs
Anta launches a running shoe with a higher midsole resilience
Anta Sports Products has collaborated with Teknor Apex on the development of a midsole incorporating a new TPE (thermoplastic elastomer), which the partner companies have called Monprene. The research and development phase focused on the creation of a material that could offer not just cushioning properties but also optimal rebound ...
-
News briefs
Adidas tops ranking of culturally relevant brands in sport
The Fan Intelligence Index, a new global study intended to identify the 40 culturally most relevant brands through sport, has placed Adidas at the top of the ranking, which is ”based around a brand’s ability to influence culture through sport.” The Big a was followed by the Jordan brand, the ...
-
News briefs
Speedo names Cullen Jones as philanthropic sales manager
Speedo has announced the appointment of Cullen Jones, four-time Olympic medalist, to its North America team as the brand’s ”philanthropic sales manager.” He will be responsible for fund-raising initiatives and activities to build relationships with grassroots teams and community support strategies. Most recently, he was a development manager, responsible for ...
-
ArticleHoka’s momentum shows no signs of slowing
Once again Hoka One One posted very strong results, helping Deckers Brands grow in its second fiscal quarter ended on June 30. Despite headwinds from Covid-19, the group’s sales progressed by 15.0 percent from the same period last year to reach a new quarterly record of $623.5 million, with ...
-
ArticleSequential quarterly improvements for Skechers
While Skechers’ third-quarter sales decreased by 3.9 percent year-on-year and net earnings dropped by 37.6 percent to $64.3 million, it was a significant improvement from the second quarter, when sales where 78.3 percent lower and the company ended with a net loss of $68.1 million. The pandemic significantly impacted Skechers ...
-
ArticleShimano’s earnings rise by 10%
Shimano’s sales for the first nine months of the year were down by 2.0 percent from the year-ago period to 264,174 million yen (€2.16bn-$2.53bn), hampered by lockdowns around the world in response to Covid-19. However, sales started to improve during the second quarter due to the soaring popularity of cycling ...
-
Article
New Amazon probe by the German Cartel Office
The German Cartel Office has reportedly opened yet another investigation into the practices of Amazon, this time looking into complaints that the giant e-tailer has entered into exclusive agreements with certain suppliers that prevent other retailers from selling certain branded products. As an example of this behavior, the German anti-trust ...
-
Infographics & DataRanking - The Largest Sporting Goods Retailers Worldwide
This exclusive chart shows the revenue development of the major global sporting goods retailers in 2019 vs 2018. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
-
ArticleMarine, Fitness, Outdoor products drive record Q3 for Garmin
Garmin has reported record third-quarter earnings of $313.4 million, thanks to robust growth in demand for its marine, fitness and outdoor products. The Swiss-based company, which also makes equipment for the aviation and automotive industries, reported net sales of $1.11 billion for the 13 weeks to Sept. 26. This compares ...
