Latest Headlines – Page 179
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ArticleHow the industry is reacting to the Coronavirus
(Updated on March 27, early morning time) We have been making use of our new SGI Europe and Outdoor Industry Compass websites to give you a constant flow of new information on what the industry is doing about the spreading Covid-19 pandemic in a dedicated “Corona Ticker.” We feel that ...
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Record sales for New Wave
The New Wave Group, the company behind Craft and Cutter & Buck, saw sales jump in the fourth quarter by 4 percent to 2,024 million Swedish kronor (€183.6m-$201.0m), or by 1 percent in constant currencies. This is the highest sales level that the Swedish company has ever recorded in a ...
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Technogym’s sales slow down in Europe
Technogym saw a slowdown in its European business in 2019, which the Italian company blamed on uncertainty in the U.K. due to Brexit, weakness in Russia, and a difficult comparison base in Italy with 2018, when key accounts made large purchases from the big Italian supplier of fitness equipment.
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Global recession expected, hopefully short-lived
While the consumption of non-essential items like sporting goods is declining in Europe, the U.S. and some other parts of the world hit by the coronavirus pandemic, store traffic is picking up in China after having fallen by as much as 80 percent at the peak of the outbreak, according ...
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Alpargatas’ growth softened in Q4
Against the backdrop of a Brazilian economy that grew by just 1.0 percent in 2019, in line with the previous one, Alpargatas’ consolidated revenues grew by 9.8 percent last year to 3,712 million Brazilian reais (€672.4m-$724.4m), driven by an improved of Havaianas in international markets. The adjusted net income went ...
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Vulcabras has restructured its production
Noted for its insistence on local manufacturing of athletic and women’s shoes, the owner of the Olympikus brand and licensee of Under Armour in Brazil completed the second wave of expansion of its two main factories in Brazil at the end of last year. While starting the second phase of ...
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Tokyo Olympics are postponed, other sports events cancelled
(Updated on March 24) It’s now official. The Olympic Games will not be held in Tokyo this summer. A joint statement made by the president of the International Olympic Committee (IOC), Thomas Bach, and the Prime Minister of Japan, Abe Shinzo, said that they will have to be rescheduled “to ...
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Mixed picture for Le Coq
In a preliminary statement, Airesis said that the 2019 financial figures of Le Coq Sportif did not meet the Swiss holding company’s expectations, but the management was able to react quickly, putting the necessary adjustments into action.
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Dorel Sports strengthens its cycling operations in Europe
Dorel Sports, a division of Dorel Industries, is scaling up operations for its European Cycling Sports Group (CSG), centralizing them in the Netherlands. The management said the move will support overall growth and maintain the growing momentum of the Cannondale brand.
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ArticleThe North Face is exploring new territories
The North Face is reserving some interesting new surprises in its footwear range for the spring/summer 2021 season, to be presented at the OutDoor by Ispo show in Munich later this year. At the last Ispo show in Munich, the brand created a sensation with its highly technical “Advanced Mountain ...
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ArticleNo pressure for the sale of Mammut
As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty.
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ArticleLenzing focuses on specialty fibers to achieve sustainable growth
(updated on March 26) In view of the rapidly spreading cornavirus epidemic, the Austrian fiber producer withdrew its former guidance and said it is now expêecting its results to decline in 2020. Due to a “historically difficult” market environment in 2019, Lenzing posted lower revenues and earnings for 2019. Sales ...
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ArticleHeiQ and Polygiene help defeat coronavirus
Both HeiQ and Polygiene are drawing attention to the anti-viral properties of their textile treatments.
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Mixed results at Foot Locker
Globally, Foot Locker’s sales decreased by 2.2 percent to $2,221 million in the fourth quarter ended on Feb. 1, with a drop of 2.0 percent in local currencies. On a comparable store basis, sales were off by 1.6 percent worldwide, but Foot Locker Europe’s sales were flat and the Runners ...
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ArticleDaka Sport acquires Sportsworld
Daka Sport says it will become the largest independent, family-owned sporting goods retailer in the Dutch market in terms of sales and sales surface area following an agreement to take over the three remaining mega-stores of Sportsworld in the country and their 100-plus employees.
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ArticleGolfino and American Golf come under common ownership
The concentration of the market has also impacted the golf sector. Endless, the British private equity fund that took over the U.K.-based American Golf chain in 2018, has now acquired Golfino, the German brand of golf apparel, but not its mono-brand retail stores, and placed the operation under new management. ...
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With higher sales and visits, Zalando pushes its marketplace
Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million.
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ArticlePolartec starts to make some more noise
Polartec wants to raise its brand awareness with a bigger marketing budget under the ownership of Milliken & Company, the big American textile group that took over the fleece fabric producer a few months ago (Compass Vol. 12 N° 11+12 of June 28, 2019). It has already changed its logo, ...
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Bogner’s CEO resigns
Andreas Baumgärtner, who has been the chief executive of Bogner since November 2017, will be leaving the company at the end of March. According to the company, Baumgärtner is leaving at his own request and for personal reasons. He will resign on March 31 but continue to serve in an ...
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Russian government postpones shoe tagging
Russia’s Prime Minister, Alexey Mishustin, has postponed the compulsory tagging of footwear in the domestic market from March 1 to July 1, according to a decree posted on the Russian government’s website on March 3.
