News and insights about brands in the sporting goods industry – Page 153
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ArticleSports stocks rose by 10.8% in Q3
The sporting goods sector confirmed its resilience in the third quarter of 2020 with an average increase of 10.8 percent in the public companies’ share price between June 30 and Sept. 30. Comparatively, two relatively bullish American indexes, the Dow Jones 30 and the S&P 500, posted gains of only ...
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Infographics & DataRanking - Global stock market performers - Q3 2020 Update
This exclusive chart shows the share price development of the major stock listed sporting goods companies in Q3 2020 and since the beginning of 2020. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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News briefs
Reebok appoints new VP of creative direction
Reebok has appointed Kerby Jean-Raymond, a Haitian-American fashion designer, to the position of vice president of creative direction, in replacement of Karen Reuther. He will be working with the product, global marketing and development teams. He will also join Reebok’s senior management, which reports to the brand’s president, Matt O’Toole. ...
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News briefs
Johnston & Murphy returns to golf
Johnston & Murphy, the American brand of men’s shoes owned by Genesco, is launching its first line of golf shoes in nearly 20 years, capitalizing on the rising popularity of golf because of the corona pandemic. The new collection is made up of hybrid golf shoes that can also be ...
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Article
Adidas completes green bond offer
Adidas has announced the successful placement of its first sustainability bond, whose offer was more than five times oversubscribed. The €500 million bond carries a 0.00 percent coupon and has a duration of eight years. It is divided into five equal tranches and will be listed on the Luxembourg Stock ...
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Article
Google ready for new concessions to take over Fitbit
Google has agreed to allow other makers of wearables to easily connect to its Android platform and its application programming interface (API) as a new condition for the European Commission’s anti-trust body’s endorsement of its planned $2.1 billion acquisition of Fitbit, according to Reuters. According to Bloomberg, it has also ...
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Article
Anta’s president will run Amer Sports
Jie (James) Zheng, executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala, who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director of Procter & Gamble, ...
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News briefs
Ongoing growth for wearable devices
Despite the Covid-19 pandemic, which created bottlenecks along the supply chain, the global wearables market is expected to grow by 14.5 percent to 396.0 million units in 2020 in terms of deliveries, and to continue to increase at a compound average annual rate (CAGR) of 12.4 percent through 2024, according ...
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News briefs
Lacoste’s branded face mask for Roland-Garros is sold out
Lacoste is getting strong extra visibility as a “premium sponsor” of the Roland-Garros tennis tournament through the sale of a branded anti-coronavirus face mask. Featuring its famous alligator logo, it is being worn by the tournament’s personnel, including the referees and the ball boys. The re-usable cotton mask has been ...
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ArticleVulcabras takes over Alpargatas’ Mizuno license
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Vulcabras Azaleia focusing on sports with its Olympikus brand and the distribution of Under Armour in Brazil, while getting out of the women’s sector and taking over a Mizuno license from Alpargatas, which will concentrate on its ...
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News briefs
Early launch of Swix’ next-gen fluoro-free race wax
Swix Soirt has launched its latest gliding wax collection, Swix Pro, comprising three lines called Performance Speed, High Speed and Top Speed, with both solid and liquid waxes available in the stores this autumn. The new line has been in development for over ten years and was originally planned for ...
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News briefsNew brand identity and new products for avalanche airbag pioneer ABS
SpinCapital, the Munich-based owner the ABS since 2017, is reinventing the well-known avalanche airbag brand founded in 1985 with a new strategy, a new brand identity, new products, a digital offensive and stronger trade marketing.The founder of SpinCapital and chief executive of ABS, Stefan Mohr, is responsible for the newly ...
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News briefs
Gucci teams up with The North Face
Gucci has revealed that it is partnering with The North Face for an unspecified collaboration in the coming months “that celebrates the rich heritage of both brands.” For the big Italian luxury brand, it is the first collaboration of this kind since Alessandro Michele became its creative director five years ...
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News briefs
Reebok to release a plant-based running shoe
In October, Reebok will be releasing the Forever Floatride Grow, a running shoe with uppers derived from eucalyptus trees, midsoles from sustainably cultivated castor beans, sock liners from bloom-algae foam and outsoles from plant rubber. According to Footwear News, the U.S. Department of Agriculture (USDA) has conferred some sort of ...
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News briefs
Positive rating by Moody’s for Canada Goose
Rating its debt for the first time, Moody’s gave Canada Goose a B1 corporate family rating and a B2 rating to a proposed senior secured loan of 402 million Canadian dollars (€258m-$300m) due in 2027, nearly half of which would be used to add cash to its balance sheet and ...
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News briefs
Asics joins renewable-energy coalition
Asics has joined RE100, an international, multi-sector coalition of companies that run or have pledged to run their business entirely on renewable energy. Asics itself hopes to draw exclusively on renewable energy in 60 percent of its “business bases” by 2030 and in all of them by 2050. It has ...
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ArticlePatagonia’s European chief will run the whole group
Ryan Gellert, an American who has been running Patagonia EMEA since the end of 2014, has been promoted to serve as chief executive of Patagonia Works, the parent company of Patagonia Inc. In addition, Jenna Johnson has been promoted from vice president of technical outdoor to a new post as ...
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Infographics & DataRanking - The fastest growing sports equipment brands
This exclusive chart shows the fastest growing sports equipment brands, including Peloton, Fox Factory, Adidas, Garmin, Yeti, Johnson Health Tech, K2/Marker/Völkl, Callaway, Peak Achievement Athletics, Scott Sports. Ranking by %-growth vs last year. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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Article
Fila’s net profit drops by 51%
The pandemic took its toll on the Fila Group, which saw its net income decline by 51 percent to 45,520 million Korean won (€33.3-$37.3m) during the second quarter of 2020, as revenues declined by 34.8 percent to KRW 625,011 million (€457.1-$512.1m), but the Korean-based group managed to improve the gross ...
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News briefsNew Tencel fibers receive CarbonNeutral certification
Under the Tencel brand, the Austrain firm Lenzing is releasing Lyocell and Modal fibers that have received CarbonNeutral® certification. In other words, they comply with the carbon-neutral protocol set up – originally in 2002 – by Natural Capital Partners. In Lenzing’s summation, “the emissions associated with the fibers’ production, manufacturing ...
