News and insights about brands in the sporting goods industry – Page 175
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Article
Clarus buys a case maker, after making further progress
(OIC) Clarus Corporation, the parent company of Black Diamond, Sierra Bullets and SKINourishment, continues to make acqusitions in adjacent sectors. It has announced the takeover of SKB Corporation, a leading U.S. producer of protective cases. The purchase price of around $96 million will consist of $85 million in cash and ...
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Article
Sports brands celebrate women
A number of sports brands celebrated International Women’s Day on March 8.
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ArticleJoint management for SportScheck and Karstadt Sports
(updated March 12 2020) Thomas Wanke has been appointed to the newly created position of chief executive of both Karstadt Sports and SportScheck. The former CEO of SportScheck, Markus Rech, is no longer in charge. Furthermore, Stefan Weiss, chief sales officer at Karstadt Sports, will from now on serve as ...
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News briefsGrowing Hoka One One moves into apparel
Hoka One One, the fast-growing running footwear label of Deckers Brands, is launching its first apparel line for runners, walkers, fitness enthusiasts and outdoor adventurers. For the moment, the 27-piece collection for men and women will only be available online at the brand’s American website, hokaoneone.com. Twenty items are also ...
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ArticleAdidas posts strong results, but warns about coronavirus impact
The year 2019 was a pretty good one for the Adidas Group. On March 11, the company reported revenue gains in all the regions, with Europe returning to growth, and strong increases in direct-to-consumer sales, while profit margins improved. However, the share price tumbled by about 10 percent as the ...
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ArticleForced labor in China for some sports brands?
Several Chinese factories under foreign contract appear to be resorting to forced labor from ethnic minorities. The suspicion stems from a report on the plight of China’s Uyghurs and other minorities recently released by the Australian Strategic Policy Institute (ASPI) – a self-described non-partisan think tank founded in 2001 to ...
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News briefsSchöffel offers ski clothes for rent
(OIC) In conjunction with local retail partners, Schöffel started renting out ski clothing in Austria and Switzerland this winter. The German brand of functional outdoor and ski apparel says the offer is intended not only to appeal to skiers who seldom or only occasionally hit the slopes, but also to ...
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News briefs
Skechers is using soles by Goodyear
Skechers has begun to source some of its soles from The Goodyear Rubber & Tire Company. For now, Goodyear Performance Outsoles are available only on three models in the Skechers GoRun line of running shoes, but their application will expand throughout this year – first to other running models and ...
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ArticleChemicals and coronavirus weigh on Wolverine’s results
(OIC) The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine Worldwide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer ...
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ArticleSolutions in sight for Norway’s sports sector
We reported in our Feb. 10 issue about the problems at XXL ASA and the bankruptcy of Gresvig, the Norwegian licensee of Intersport. Powerful investors are pitching in to save the two largest retail players in the Norwegian sporting goods market. It seems, however, that some suppliers may end up ...
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News briefs
Adidas changes its practices in Spain
Adidas has avoided a fine from the Spain’s National Commission for Markets and Competition (CNMC) in exchange for voluntary changes to its franchising policy. The commission opened an inquiry after a franchisee in Spain accused the company of anti-competitive practices in November 2018. In essence, Adidas had different contracts in ...
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News briefs
New Callaway manager for softgoods
Callaway Golf Company has made Joe B. Flannery executive vice president for apparel and other soft goods. This will include the supervision of the Jack Wolfskin brand, which was acquired by the American golf company one year ago, as well as other properties such as TravisMathews. Flannery has been with ...
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News briefs
Richard Johnson joins Signa for international capital markets
The Signa Group has entrusted Richard A. Johnson (no connection with the current chairman, president and CEO of Foot Locker) with the management of its expansion in international capital markets, with a particular emphasis on the Asia-Pacific region, the Middle East and the non-German speaking European markets. With Johnson, Signa ...
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News briefs
Jochen Zeitz is running Harley-Davidson
Jochen Zeitz, the former chief executive of Puma, will temporarily take over the position of CEO and president of Harley-Davidson, the famous American brand of motorcycles. The German executive, who has been of a member of its board of directors since 2007, will hold the position until an official successor ...
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ArticleCrocs returned to profits in Q4
Crocs continued to reap the benefits of its efforts to restructure, ending the year with a profit against a loss for the same quarter a year ago. In the fourth quarter ended Dec. 31, it delivered strong direct-to-consumer (DTC) growth and sell-through at the wholesale level, leading revenues to reach ...
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Article
Strong momentum for Acushnet and Kjus
The management of Acushnet believes that each of its businesses is has a strong momentum in the new year. In particular, the American golf company controlled by Fila Korea expects that the Kjus brand will continue its rapid progress within golf, benefiting from the launch of a new Gemini rainwear ...
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News briefs
O’Neill launches marketing campaign
(OIC) O’Neill has launched a new marketing campaign with the title “First Name in the Water.” The campaign consists of cinematographic shots of different corners of the world, featuring O’Neill’s top athletes. Riley Blakeway, a renowned filmmaker, and Deke Angel, O’Neill’s art director, used classic imagery and video from the ...
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News briefs
Mammut enters partnership with Powdr
(OIC) Mammut is entering a long-term partnership with Powdr, an American ski resort operator. The partnership makes the Swiss sports brand the official uniform and clothing supplier for more than 8,000 mountain professionals working at 10 of the Powdr mountain resorts in the U.S. The partnership starts with the 2020/21 ...
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News briefs
Snow+Rock partners with GB Snowsport
(OIC) Snow+Rock, the U.K. outdoor retailer, has announced a partnership with GB Snowsport, the national governing body for ski and snowboard disciplines in the U.K. Snow+Rock will be the official retail partner of GB Snowsport up to and during the Beijing 2022 Winter Olympic Games. GB Snowsport athletes will help ...
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News briefs
Smartwool launches online store in Germany
(OIC) Smartwool, the maker of woolen sports apparel and a division of VF Outdoor, launched its first online store in Germany this month. The store offers the entire range of Smartwool products, including base layers, shirts, underwear, and socks. The website also provides information about the brand, the materials used ...
