All Coronavirus articles – Page 9

  • News briefs

    Spain permits large stores to open in “Phase 1” regions

    2020-05-20T10:34:00Z

    Decathlon has reopened its 24 small Decathlon City stores in Spain in two stages, while offering click collect at 74 of its larger stores in the country. Spain’s Ministry of Health has revised its initial guidelines for stores re-openings in Phase 1 regions. By the estimate ...

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    Article

    Foot Locker closes its German Runners Point chain

    2020-05-19T14:01:00Z

    Confirming in part a report aired on a German TV channel, Foot Locker said it “intends to consolidate our Runners Point business into our other operations in Europe,” after a year-long assessment of its operations and the competitive landscape in Europe. The TV report said that all the ...

  • News briefs

    UA and others commit to pay suppliers for certain cancelled orders

    2020-05-19T09:00:00Z

    Under Armour has committed to the PayUp campaign, an initiative that urges fashion brands to pay their garment factories for orders that are both completed and in production, and yet cancelled or delayed because of the coronavirus pandemic. The campaign was launched by Remake , a workers’ rights ...

  • News briefs

    Under Armour is manufacturing face masks

    2020-05-19T09:00:00Z

    Under Armour (UA) is making special face masks that require no sewing to support the healthcare professionals at the nearby University of Maryland Medical System (UMMS) in their fight against the coronavirus pandemic. UA’s global headquarters is located in Baltimore, Maryland. The sports brand is also working on ...

  • News briefs

    Intersport Germany publishes report on buying behavior in times of the coronavirus

    2020-05-18T17:58:00Z

    Intersport Germany recently published an interesting report on buying behavior in the midst of the coronavirus crisis, based on a survey of 300 consumers. According to it, 41 percent of the respondents were exercising more during their confinement than before the lockdown. However, not all the consumers that were ...

  • Article

    VF claims it can hike through the Covid storm easily

    2020-05-15T19:49:00Z

    In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a ...

  • News briefs

    Nike stores are reopening

    2020-05-15T17:43:00Z

    As of May 14, all of Nike ’s owned stores and more than 95 percent of its partner stores in Greater China and South Korea were open, although some still have shortened hours. Store traffic there remains low, according to Nike, but overall retail traffic and conversion rates are rising ...

  • News briefs

    Fedas fears big sales losses for sports retailers

    2020-05-15T17:43:00Z

    The Federation of European Sports Retailers (Fedas) has developed a plan of action to improve the protection of employees, customers and particularly vulnerable persons in the retail sector from coronavirus infection. The concept was developed under the leadership of Peter Bruggmann , vice president of Fedas and president of ...

  • News briefs

    Brands believe in sponsorship despite coronavirus

    2020-05-15T15:00:00Z

    A large majority of brands involved in the sponsorship of sports and entertainment events in Europe (72 %) are planning to extend their sponsorship deals despite the uncertainty caused by the coronavirus pandemic. The recent survey by the European Sponsorship Association (ESA), entitled “Sponsorship Sentiment Tracker,” also found that ...

  • Article

    Heavy losses for Yue Yuen

    2020-05-15T11:16:00Z

    As China struggled with the coronavirus outbreak early in the first quarter, Yue Yen Industrial Holdings was strongly impacted by government measures to contain the spread of the disease. The world’s largest shoe manufacturer posted a net loss of $56.3 million for the period, against net income of $75.5 ...

  • News briefs

    Adidas pairs Covid-19 donations to exercise tracking apps

    2020-05-15T10:46:00Z

    Adidas is launching the #HomeTeamHero Challenge to support the Covid-19 pandemic’s essential workers. For every hour of app-tracked exercise from May 29 to June 7 Adidas will donate $1 to the Covid-19 Solidarity Response Fund of the World Health Organization (WHO) . The objective is to reach ...

  • News briefs

    Eagle Creek donates face masks to European retail partners

    2020-05-14T16:41:00Z

    Eagle Creek , the producer of travel bags and backpacks from southern California, is donating thousands of face masks to independent retailers in Europe. From next week, the company’s European retail partners will receive 2,400 masks intended not for resale but for the staffs of retail stores, in order to ...

  • News briefs

    Covid-related charge sinks Iconix’ results

    2020-05-14T16:40:00Z

    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 ...

  • News briefs

    Decathlon Germany implements “Scan & Go”

    2020-05-14T16:39:00Z

    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 ...

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    Article

    Coronavirus slows Technogym’s sales, but home fitness rockets

    2020-05-14T10:49:00Z

    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 ...

  • Article

    Dorel rides well on higher demand for bikes

    2020-05-13T14:47:00Z

    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 ...

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    Store closures end Black Diamond’s strong growth

    2020-05-13T13:52:00Z

    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 ...

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    Article

    Under Armour sees drops of 23% in Q1 and up to 60% in Q2

    2020-05-12T19:48:00Z

    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, ...

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    Article

    Sportmaster inks a partnership with an online store

    2020-05-12T17:08:00Z

    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 ...

  • Article

    Acushnet posts lower-than-expected sales and profits

    2020-05-12T17:08:00Z

    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, ...