All Coronavirus articles – Page 10
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News briefs
Covid-related charge sinks Iconix’ results
The Iconix Brands Group, which owns a host of brands including Umbro, booked an impairment charge of $13.7 million for the first quarter, attributing it to the recent and future effects of the coronavirus pandemic on Umbro and four other brands in its portfolio. The charge inflated the company’s net ...
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News briefs
Decathlon Germany implements “Scan & Go”
Decathlon has started to offer a “Scan & Go” option in its German stores. It makes use of MishiPay mobile technology that allows customers to scan and pay for items by simply using their smartphones. The system thereby minimizes the contact with both check-out devices and the store staff. Customers ...
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ArticleCoronavirus slows Technogym’s sales, but home fitness rockets
Lockdowns and store closures hit Technogym’s sales in the first quarter, although this was partly offset by higher sales of home fitness equipment, as more people exercised indoors. The Italian company’s total revenues dropped by 11.2 percent from the year-ago quarter to €116.8 million, or by 11.9 percent in constant ...
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Article
Dorel rides well on higher demand for bikes
Dorel Sports, the bike division of Dorel Industries, is one of the few businesses that managed to grow through the pandemic. It registered revenues of $188.2 million for the first quarter, representing a 2.0 percent increase from the same quarter a year earlier, driven by strong performances at the Cycling ...
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News briefs
Store closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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ArticleUnder Armour sees drops of 23% in Q1 and up to 60% in Q2
Under Armour reported a 22.8 percent hit on its revenues for the first quarter of 2020, down to $930.2 million, blaming about 15 percentage points of the decrease on Covid-19 and warning that they might drop by between 50 and 60 percent in the second quarter. Unlike its peers, the ...
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ArticleSportmaster inks a partnership with an online store
Russia’s biggest sporting goods retailer has signed a partnership agreement with the big Russian online fashion store of Lamoda, under which Sportmaster will soon begin selling sports and outdoor footwear and apparel through its marketplace. Sportmaster said it was planning to only offer goods under its private Demix and Outventure ...
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Article
Acushnet posts lower-than-expected sales and profits
The first-quarter results of Acushnet, the American golf company controlled by Fila Korea, did not meet analysts’ expectations. Sales declined by 5.8 percent to $408.7 million, or by 4.6 percent in constant currencies, due to a decrease in Titleist golf ball sales and FootJoy golf wear, hampered by Covid-19. As ...
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ArticleOberalp holds its first Virtual Convention
The current restrictions on international travel and social contacts are leading Oberalp to organize a ”virtual” sales convention to present the latest products of its brands, which include Salewa, Dynafit, Wild Country, Evolv and Pomoca. The 2020 digital convention, which is to replace the corresponding “physical” events of the past ...
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Article
Zalando sees 2020 revenues up by 10-20%
Zalando issued a new full-year guidance which takes into account the impact of the Covid-19 pandemic and sees gross merchandise volume (GMV) and revenues up by 10-20 percent. The forecast nearly doubled the share price from its mid-March level up to a record since a year ago. The company noted ...
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News briefs
Eurobike postponed, altered
As Germany has a ban on major events until Aug. 29, logistics will preclude opening the Eurobike show on schedule, just two days later, to run Sept. 2-5. Instead, there will be a one-off Eurobike Special show – a “pure B2B concept,” not open to the public – on Nov. ...
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News briefs
Efftex postponed until 2021
The 2020 edition of the European Fishing Tackle Trade Exhibition (Efttex), originally scheduled for June 11-13 in Prague, has been postponed until next year. It will be taking place at the same venue at a still undertermined date. Speaking to Angling International, Olivier Portrat – president of the European Fishing ...
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News briefs
Löffler gives away face masks via its online store
Löffler, the Austrian-based brand of sports clothing, is giving face masks free of charge to the first 500 people who place an order on the company’s web shop. Löffler currently produces about 3,000 face masks per day at its headquarters in Ried. Löffler, which belongs to the Fischer group, is ...
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News briefs
Dakine closes its head office
Citing the “significant pressure and the financial and operational impacts” caused by the Covid-19 pandemic on Dakine’s business, Marquee Brands said it has decided to close down its Hood River headquarters in Oregon and to move its remaining operations to the office of JR286 in Torrence, California. The move will ...
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Article
Sporting goods suppliers face long-term coronavirus effects
The current coronavirus pandemic is having a major impact on the suppliers of sporting goods, particularly in terms of orders, material shortages and cash. Reports from China, Vietnam, Cambodia, Indonesia, Bangladesh, Myanmar and other major sources indicate that many of them are resorting to massive layoffs or facing labor shortages ...
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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
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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Article
Drop-shipping & online sales help Beachbody
Killick Datta, the legendary sporting goods industry executive who is now the global licensee of Beachbody for apparel and footwear, had told us at the Ispo show in Munich earlier this year that he was forecasting sales of $50 million this year for the line, after reaching a turnover of ...
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News briefs
Lenzing and Palmers will make 25 million masks per month
Joining forces, Lenzing and Palmers Textil, an Austrian producer of lingerie, have set up Hygiene Austria, a company for the production of high-quality protective masks for the domestic (Austrian) and European markets. After investments of several millions of euros in a modern factory at Wiener Neudorf, the production and sale ...
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News briefs
11teamsports launches charity line for #WeKickCorona
11teamsports, the German multi-channel retailer, has launched a charity collection together with Leon Goretzka and Joshua Kimmich, the well-known football players of Bayern Munich. The collection comprises three products - a jersey, a hoodie and a shirt - that are available via 11teamsports’ online store. Apart from the value-added tax, ...
