COVID-19 – Page 2
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Article
New Russian lockdown boosts the resale market
A week-long lockdown ordered by the Russian government to slow down the spread of the Covid-19 epidemic forced Russian sporting goods retailers and others to shut most of their outlets, but it doesn’t seem to have affected the market to a major extent. As Russia has become the European country ...
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ArticleEarly end to industry lockdown in Bangladesh, new concerns over floods and China
We have started to hear reports of “panic buying” by various apparel companies that are sourcing finished products and materials such as elastane from Chinese suppliers as the new delta variant of the Covid-19 epidemic has started to cause some localized factory shutdowns in Beijing and at least four other ...
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ArticleGfK observes more reluctant consumer behavior in Germany
In its latest consumer survey for Germany, GfK has identified more cautious behavior among German consumers. Both economic and income expectations show moderate declines – caused by a noticeable increase in prices and inflation and by once again rising Covid-19 infection rates. However, the propensity to buy is likely to ...
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Article
Shenzhou and Eagle Nice slow output in Vietnam
Pou Chen and Kingmaker Footwear are shutting down their shoe factories in Vietnam, as previously reported, and we now hear about the shutdown of at least another local shoe producer, Chang Shin Vietnam Co. Meanwhile a couple of important producers of sports apparel are doing the same as the Covid-19 ...
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ArticleFESI report indicates a recovery in the sports goods sector
A new survey conduct in April by the Federation of the European Sporting Goods Industry (FESI) indicates that most sporting goods companies are now “on their way to recovery;” despite the difficulties they have been going through over the last 12 months. The picture is, however, quite diversified. The outdoor ...
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Article
Wildberries: Extended work holiday boosts the market in Russia
Sales of sporting goods on Wildberries’ website jumped by 111 percent as compared to the year-ago period after Russia President Vladimir Putin backed a proposal by the head of Russia’s health watchdog to introduce a 10-day no-work holiday from May 1 to 11 to help prevent a surge in new ...
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Article
Stores remain closed in Germany, will reopen in France
Sporting goods stores and other so-called “non-essential” physical retail operations are re-opening in all the major European countries except in Germany. They are set to open again in France on May 19. They have been rising sharply in England and Wales since they were allowed to open again on April ...
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ArticlePolygiene eyes China while sales soar by 141%
Polygiene, the Swedish-based provider of antimicrobial solutions, saw sales jump by 141.4 percent to 42.0 million Swedish kronor (€4.2m-$5.1m) in the first quarter of 2021, boosted by continued demand for its ViralOff antimicrobial treatment during the Covid-19 pandemic and the addition of Addmaster Holdings, a global supplier of antibacterial additives ...
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ArticleSelfridges re-opens with a buzz, Bavaria enforces lockdown
While Bavarian shoe stores were forced to close down again as of April 12, all types of non-essential retailers, including shoe and sporting goods stores, were allowed to re-open in England and Wales, and some of them have come up with clever ideas to lure back customers who could only ...
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ArticleEurope’s patchwork of Corona regulations for retailers
Daily changes to local Corona safety regulations for retail stores make it difficult to stay on top of things as the pandemic situation heats up again in most European countries. Here is an overview (as of March 25, subject to change and with regional variations) of the status of so-called ...
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ArticleLi Ning grows further, adjusting to the pandemic
Rising interest in exercise and fitness in China after lockdowns were lifted contributed to improve Li Ning’s revenues, which grew 4.2 percent to 14,456.9 million yuan renminbi (€1.86bn-$2.09bn) in 2020. Net income increased by 13.3 percent from the previous year to RMB 1,698.4 million (€218.6m-$246.1m). Excluding a one-time financial gain ...
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Article
French ski industry in critical state
The French sporting goods industry association, Union Sport & Cycle (USC), plans to ask the French government for a specific aid package for the country’s ski sector, whose total losses for the current season are estimated at about €1 billion - without including those of the skilift and cable car ...
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Article
Germany extends lockdown - with easing options
On March 3, the federal-state conference in Germany decided on how to further extend its present lockdown for non-essential retailer operations until March 28, to help fend off the Covid-19 virus. Like in the U.K., it will be phased out in stages, but retailers are furious, partly also because many ...
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ArticlePolygiene reports record quarterly sales
Polygiene said that the fourth quarter of 2020 was the best in its history, with sales rising by 40.0 percent from the year-ago quarter to a record 26.6 million Swedish kronor (€2.7m-$3.2m). The growth was largely due to the success of Polygiene’s ViralOff in the context of the Covid-19 pandemic, ...
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Article
Better-than-expected sales for Champion’s parent company
Hanesbrands, the parent company of Champion USA, saw its revenues for the fourth quarter grow by 2.9 percent to $1.8 billion, led by Champion. The revenues were well ahead of Wall Street’s consensus of $1.6 billion and caused the share price to surge by 25 percent. However, the company ended ...
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ArticleSport 2000 obtains high carry-over contingents from the ski industry
Retailers affiliated with Sport 2000 across national borders have been able to secure a considerable increase in the number of ski products that suppliers will continue to offer as part of their collections during the winter 2021/22 season. The share is now 65 percent for alpine skis and 78 percent ...
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ArticleMcKinsey + WFSGI: Winners and losers in a market that fell by 7% in 2020
Performing better than general apparel and other consumer goods sectors, the global sporting goods market declined by around 7 percent to around €285 million in 2020 because of the Covid-19 pandemic, according to a preliminary estimate made by McKinsey & Co. in a webinar hosted by the World Federation of ...
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Article
Record market capitalization for Zalando as it expands in the Nordics
Zalando’s Connected Retail program has attracted many retailers in the Nordic countries, where it has been expanding recently its reach among consumers, notably with the creation of a dedicated Swedish website. Without specifying how many of them are sports stores, a spokesperson for the company said it has now around ...
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Article
DPD resumes U.K. road services to EU but post-Brexit disruption goes on
Shipments to and from the U.K. are just now beginning to return to normal after a major disruption connected with Britain’s formal separation from the EU on Dec. 31, complicated by Covid-19 tests at border points, according to several sources, although U.K. consumers are reportedly facing higher charges because of ...
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Article
Germany gives more aid to retailers affected by the extended lockdown
As expected, the German government has agreed with the federal states on a further extension of a lockdown for retailers that sell non-essential products until Feb. 14. In response to requests made by fashion and sports retailers that are heavily dependent on the sale of winter products, especially seasonal clothing ...
