Latest Headlines – Page 159
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Frasers Group in last-ditch bid to grab Debenhams
Mike Ashley’s Frasers Group has returned to the fight with a last-ditch offer for Debenhams in a bid to save the largest and oldest British department store chain from liquidation. The group, which owns the Sports Direct chain of sporting goods stores as well as another U.K. department store chain, ...
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Kingmaker’s profits are back in the black
Kingmaker, a major Chinese manufacturer of athletic and casual footwear, posted a net income of 65.5 million Hong Kong dollars (€7.0-$8.5m) for its first fiscal half-year ended on Sept. 30, compared with a loss of HK$32.3 million last year, helped by gains from its property investments that more than offset ...
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ArticleItaly and Andorra close their ski facilities for the holidays
Governmental guidelines for the closure of ski facilities to prevent Covid-19 infections continue to go in different directions in Europe. On Dec. 3, the government of Andorra said that its facilities will remain closed until the beginning of January and that the exact date of their re-opening may vary depending ...
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Blue Tomato, Fast Times helped Zumiez to post good results
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, performed well in the third fiscal quarter ended on Oct. 31, thanks to a good performance outside its core North American market. Its net income soared by 51.5 percent from the year-ago quarter ...
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ArticleItaly’s sporting goods industry maps out its digitalization
Two-thirds of the Italian manufacturers of sporting goods have invested in their digital transformation or are doing that now to cope with the Covid-19 pandemic. Only 16 percent of them have not done it or have no plans to do it, generally because they cannot find the right skilled people ...
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ArticleIntersport embarks in retail media in Germany
After two years of preparation, Intersport Germany has launched a new retail media service that allows brands from inside and outside the sporting goods industry to advertise themselves through the offline and online channels of some of its affiliated retail members. The clients will benefit from this new service by ...
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ArticleUpdated: Austrian ski facilities will re-open on Dec. 24, little clarity elsewhere
The Austrian government is allowing the country’s operators of ski facilities to re-open them on Dec. 24, in contrast with a ban ordered by the German, Bavarian and French governments. Their drastic measures are in principle supported by the Italian government, in response to German Chancellor Angela Merkel’s call for ...
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ArticleRapala rolls out 13 Fishing to over 25 countries
Rapala VMS Corporation, the Finnish producer of fishing lures, equipment and tools, has started the international roll-out of an American brand for recreational fishing, 13 Fishing. In July, Rapala acquired 49 percent of the share capital of DQC International Corp., the Florida-based company that owns 13 Fishing. Prior to the ...
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Nike and others lobby against Xinjiang labor bill in U.S.
According to the New York Times, Nike – along with Apple, Coca-Cola and other large companies – has been lobbying the U.S. Congress to soften some of the provisions of the Uyghur Forced Labor Prevention Act, which is not yet the law of the land but has been passed in ...
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China Dongxiang sees profits surge due to Japan sale
The sale of the Japanese Kappa trademark lifted China Dongxiang’s profits for the six-month period ended in Sept. 2020, which rose to 1,116 million yuan renminbi (€140.6m-$170.0m), up from RMB 188 million for the year-ago period. On the other hand, the company’s gross margin contracted by 5.3 percentage points to ...
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ANWR and GKK support a German buy-local campaign
While physical stores are still open in Germany, with some restrictions imposed by the Covid-19 pandemic, statistics show that customer traffic has declined dramatically in city centers, threatening the survival of many retailers. As in the U.K. and other countries, many customers are preferring to order products online for the ...
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Debenhams may collapse as JD terminates rescue talks
Department store chains are having a hard time these days, as shown for example by the recent reorganization of the Karstadt and Galeria Kaufhof chains in Germany after their phased takeover by Signa Retail. Debenhams, the oldest one in the U.K., is now winding up operations and closing all its ...
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ArticleRevo partners with Bode Miller
Bode Miller, the most decorated American skier in history, has agreed to a long-term partnership with Revo, the 35-year-old brand of high-performance sunglasses, which has just come out with a new co-branded capsule collection of high-performance snow goggles. Miller, who previously wore various brands of ski goggles without endorsing any ...
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Sportmaster exits China, while expanding west
The leading Russian sporting goods retailer, Sportmaster, has completely stopped operating in China, says Ilya Titarenko, distribution director of the comany, in discussing with us the company’s expansion outside its core market in the former Soviet Union, including Uzbekistan most recently. Back in 2014, Sportmaster opened seven stores in the ...
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ArticlePoland’s Martes launches Fitanu.com offline
The Martes Sport Capital Group, the leading sporting goods retailer in Poland, opened its first Fitanu.com brick-and-mortar store on Saturday, Nov. 28, complementing its two-year-old web store by the same name. The company said the customers’ initial feedback was positive. Martes had planned to launch the new premium concept offline ...
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Fishing equipment market to grow by 4% CAGR in 2021-2027
According to a new report by Allied Market Research, a market research and business-consulting wing of Allied Analytics, the global fishing equipment market will grow by a compound average annual growth rate (CAGR) of 4 percent from 2021 to 2027, reaching $16.10 billion by 2027. The emergence of innovative fishing ...
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WHO issues tougher physical activity guidelines
The World Health Organization (WHO) has released a new version of its recommendations on the amount of physical activity that is required to offer significant health benefits and mitigate health risks. According to the agency, four out of five adolescents and one out of four adults are not practicing enough ...
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Germany calls for a European stance on ski tourism
German Chancellor Angela Merkel is calling for a joint decision by the member countries of the European Union to keep their ski resorts closed until at least the end of the year, in order to minimize contamination from Covid-19 among skiers, but she has some opponents. She has the backing ...
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ArticleA shorter retail lockdown will benefit the trade
Fortunately for European sporting goods retailers, the second wave of the coronavirus pandemic appears so far to have been more manageable, leading some governments to relax a ban on sales of non-essential products in physical stores after only about one month of enforcement – a lot less than during the ...
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Few sports brands in the Dow Jones Sustainability Index
Sustainability has become an increasingly important issue in the sporting goods sector. However, after being on the list for 20 consecutive years, Adidas is absent from this year’s Dow Jones Sustainability Index (DJSI). The annual DJSI, which has reached its 21st edition, assesses the sustainability performance of the largest 2,500 ...
