News and insights about brands in the sporting goods industry – Page 170
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News briefs
Nike releases its first indoor cycling shoe
Nike is launching its first indoor cycling shoe, at a time when an unprecedently large number of people are working at home. The SuperRep Cycle is the newest release from the Nike SuperRep footwear family, which also includes the Air Zoom SuperRep and the SuperRep Go. The new Nike SuperRep ...
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News briefs
Intersport España reports 500% increase in online sales for April
Intersport España, which reopened its e-commerce site on March 21, has just announced a 500 percent year-on-year increase in online sales for the month of April. The Covid-19 quarantine has catapulted the home fitness category to the forefront. Yoga mats, fitness bands, chin-up bars, dumbbells and the like accounted for ...
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News briefs
Forbes declares Kanye West a billionaire
Forbes has declared Kanye West a billionaire. The American financial magazine attributes the American rap singer’s success chiefly to the Yeezy brand of footwear and apparel, which is developed and marketed in collaboration with Adidas. Forbes featured West on the cover of its issue for Aug. 31, 2019, but had ...
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Article
An excellent quarter for Garmin in Outdoor and Fitness
Garmin’s fitness division had a stellar performance in the first quarter. Revenues in this segment soared by 24 percent to $180.3 million, as the group benefited from the home fitness boom due to the lockdowns in place in many countries. Sales were driven by advanced wearables and Tacx indoor bike ...
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News briefs
Intersport and Decathlon offer drive-in click & collect
Both Intersport and Decathlon have set up a form of “drive-in click and collect” service in France, calling it simply “drive.” Customers place their order online and collect the merchandise in the parking lot of their local store, receiving it directly at their car with maximum distancing. Intersport, which reopened ...
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News briefs
Intersport reports rising online sales in Germany
Intersport Germany has announced that about two-thirds of the customers who have a made a purchase on its online store in the last couple of weeks made another purchase at a later point. About 370 affiliated retailers are already connected to the platform, achieving sales in a range around €50 ...
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News briefs
Macron is new kit sponsor of Tigers Tübingen
Macron is the new technical sponsor of the Tigers Tübingen, a German basketball team that plays in the 2 Basketball Bundesliga. The Italian sportswear company will provide the team with all their technical apparel as well as a line of merchandising products. The agreement will be effective at the beginning ...
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News briefs
S&P downgrades Wolverine
Standard & Poor’s downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
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Article
While sales tumble, Shimano’s profits soar
Shimano said its sales for the first quarter were down by 12.3 percent from the year-ago period to ¥76,920 million (€662.5m-$721.1m), hampered by lockdowns around the world in response to Covid-19. However, the company’s net earnings jumped by 95.6 percent to ¥19,663 million (€169.4m-$184.3m), mainly due to strong foreign exchange ...
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News briefs
A 6-year-old boy designed an Erreà jersey
Erreà has presented a special new shirt that Pescara Calcio 1936 (Pescara), a football club that is in Italy’s Serie B division, will be wearing in the next season. What is special about the shirt is that it was designed by a six-year-old boy, Luigi D’Agostino, after the club launched ...
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News briefs
Wilson puts out a special golf bag
Wilson has launched a new Tour golf bag, the Wilson Staff Pro Tour Bag, that weighs 4.7kg and features a full-length umbrella sleeve and detachable rain hood. It also offers waterproof pockets for mobile phones and electronics, as well as velour-lined pockets for valuables, among other features.
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News briefs
Galvin Green is more sustainable
Galvin Green, the Swedish golf apparel brand, is launching a range of products that are made entirely from recycled materials. All seven styles of its Insula warm layer garments, which include 24 sweaters in total, are now made from bluesign approved fabric. All of the brand’s Gore-Tex waterproof garments also ...
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News briefs
Nike obtains dismissal of Klaw logo suit
Nike has obtained the dismissal of Kawhi Leonard’s lawsuit over the “Klaw” logo. Leonard plays for the Los Angeles Clippers of the National Basketball Association (NBA). The so-called Klaw logo is easily identified with the player himself, as it is meant to symbolize his distinctly large hands. According to Nike, ...
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News briefs
Oeko-Tex waives fee for mask certification
Since April 20, Oeko-Tex has waived the licence fee for the Standard 100 certification of mouth and nose masks in order to support the safety of the general public during the period of Covid-19. This measure follows the recently announced process changes for certificate renewals during the corona pandemic. The ...
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ArticleAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported today a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed right now, the management is expecting ...
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Article
Decathlon inks a deal with a major Russian marketplace
As it has already done with Kant, one of the major multi-brand sports retailers in Russia, Decathlon has embarked on an unusual cooperation with a major Russian e-tailer, Ozon, which is pushing its own marketplace. The highly verticalized French sports retailer has announced a contract with Ozon to sell 1,500 ...
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Article
UYN and others make masks and do more for Covid-19
Trerè Innovation, the Italian knitter of functional garments sold under the new UYN brand name – which stands for “Unleash Your Nature” – has converted its factory in northern Italy to make 10,000 face masks per day, while gearing up gradually for a re-start of the full production process at ...
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News briefs
Vibram launches new shoe
Vibram is launching the FiveFingers V-Train 2.0, a new model for the spring/summer 2020 collection, for men and women. The shoe is designed for indoor physical activities like pilates or yoga, as well as for heavy workouts that require endurance and agility. The new model is available in black/black, black/blue ...
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News briefs
Nike UK kids
Nike and Ukactive Kids have launched Move Crew, a new initiative designed to help children reach their 60 minutes of daily recommended activity. Ukactive is a British not-for-profit health organization for the physical activity sector. The Move Crew initiative sets daily “activity missions” for children to complete. A new Move ...
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News briefs
Nike Earth Day
Nike has celebrated this year’s Earth Day (April 22) by launching a new program on nike.com that makes it easier to search, shop and learn about the sustainable features of its products. Thanks to a new “Shop Sustainable Materials” tab in the navigation, it is now easier to spot sustainable ...
