Latest Headlines

  • Article

    BasicNet makes a small profit despite a 15% drop in revenues

    2021-03-05T18:11:00Z

    In contrast with some major U.S.-based brand licensors in the sporting goods sector, BasicNet managed to post a small net profit for the 2010 financial year, in spite of the impact from the Covid-19 pandemic, leading the board of directors to propose the distribution of a small annual dividend ...

  • Article

    Germany wants to protect human rights with Supply Chain Act

    2021-03-05T17:00:00Z

    On March 3, the German federal government approved a bill that aims to force relatively large German companies to respect human rights in their global supply chain. Parliament is expected to pass the draft legislation, commonly referred to as the Supply Chain Act , by the middle of the year. ...

  • Article

    Accell posts strong results, led by Europe

    2021-03-05T13:10:00Z

    The post-Covid boom in the bicycle sector fuelled the revenues of Accell Group in 2020, which soared by 17.0 percent organically from the previous year to €1,296 million, thanks mainly to sustained high demand for bicycles, parts and accessories across Europe. The results do not include the group’s former operations ...

  • Article

    Nike is centralizing operations for the Nordics

    2021-03-04T15:49:00Z

    Responding to an inquiry from SGI Europe , Nike has told us that it is centralizing its operations for the Nordic countries in Sweden, while working with fewer retailers in the region. The statement came after we were alerted by subscribers to the fact that the brand was closing ...

  • Pickleball - Joan Azeka - Unsplash
    Article

    Pickleball is spreading to Europe

    2021-03-04T15:49:00Z

    The diversification of the racquet sports market is continuing on an international scale, with the game of pickleball now being rated as one of the fastest-growing sports. While tennis participation is stabilizing or dwindling in many countries, less elitist and competitive games like padel tennis and pickleball, which originated in ...

  • Article

    Germany extends lockdown - with easing options

    2021-03-04T15:49:00Z

    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 ...

  • Article

    Ukraine seeks to involve other countries against Sportmaster

    2021-03-04T14:53:00Z

    Ukrainian President Volodymyr Zelenskiy has instructed his government to try to urge the U.S., the European Union and other foreign allies to impose similar economic sanctions as those that it has recently imposed on 27 persons and companies including Sportmaster Operations , the parent company of the Russian ...

  • Article

    Wildberries and Amazon enter new countries in Europe

    2021-03-03T20:41:00Z

    Russia’s biggest online retailer, Wildberries , has started to operate in France, Italy and Spain, with dedicated sites and mobile apps tailored to the local markets, the company has said in a statement. It has been operating in Germany since January. The company currently offers about four million items ...

  • Article

    Globe’s profits surge

    2021-03-02T18:18:00Z

    Globe International , the Australian-based multi-brand skate company, saw its net income soar during its fiscal first half, partly due to a favorable comparison base with the same period last year, when the U.S. introduced extra tariffs and the strengthening U.S. dollar weighed on profits. The group also benefitted from ...

  • Article

    GoPro sees major upsides with subscriptions

    2021-03-02T17:04:00Z

    GoPro told a conference organized by JMP Securities that it expects its revenues to improve by 20 to 25 percent this year, even if there is no broad economic recovery and no increase in travel, thanks in part to the development of its direct-to-consumer operations. As previously reported ...

  • Article

    Birkenstock is reportedly valued at €4 billion

    2021-03-01T17:38:00Z

    We find it interesting that Birkenstock , an authentic and iconic brand of casual shoes made in Germany, with a 247-year heritage, has been taken over by two equity funds, L Catterton and Financière Agache , that are related to Bernard Arnault , the controlling shareholder of LVMH . ...

  • Norway - Simon Williams - Unsplash
    Article

    The Norwegian market grew by over 7% in 2020

    2021-03-01T17:37:00Z

    Norway has the highest per capita consumption for sporting goods in Europe, and it grew strongly last year – in spite or because of the coronavirus epidemic – in contrast with an overall sales decline estimated at around 10 percent in the five major European countries. One main reason was ...

  • Article

    Foot Locker reports lower sales and profits

    2021-03-01T16:04:00Z

    The share price of Foot Locker fell by 8.8 percent at closing on Feb. 26 after the international U.S.-based sports retailer reported a drop of 2.7 percent in comparable sales for the fourth quarter ended Jan. 30, with a 12 percent drop in same-store sales offsetting a 44 percent ...

  • Article

    Acushnet’s sales rise by 14%

    2021-02-26T17:38:00Z

    Acushnet , the American golf company controlled by Fila Korea , had a strong finish to the year, with double-digit growth in profits and sales for the fourth quarter. After the re-opening of its production facilities and distribution centers in late May, the company saw strong sales across all segments ...

  • Article

    Wolverine posts weak results but is hopeful for 2021

    2021-02-25T18:16:00Z

    The year 2020 was a difficult one for Wolverine Worldwide . Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in ...

  • Article

    Soft anti-Covid restrictions boost sales of winter sports items in Russia

    2021-02-25T17:59:00Z

    After a slump in sales at the beginning of the current autumn/winter season, sales of products for winter sports in Russia have proven to be strong in January and February thanks to abundant snow and weak quarantine restrictions, allowing all ski facilities to continue to operate in contrast with ...

  • Article

    Inov-8’s founder takes the business back

    2021-02-25T12:17:00Z

    Wayne Edy , who founded Inov-8 in 2003, is preparing to launch a new graphene-based shoe after buying back the 80 percent stake in the British company that he had sold to Descente in 2015, with the exception of the rights to the brand for Northern Asia, including ...

  • Polygiene
    Article

    Polygiene reports record quarterly sales

    2021-02-25T11:24:00Z

    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 ...

  • Article

    Ukraine imposes sanctions on Sportmaster

    2021-02-24T18:22:00Z

    Sportmaster-Ukraine has been included in a list of sanctions imposed on Feb. 19 by the Ukrainian National Security and Defense Council through a presidential decree notified to Sportmaster Operations Pte . the company based in Singapore that controls Sportmaster’s operations outside Russia. The sanctions have been levied against Sportmaster ...

  • PUMA-Headquarters4
    Article

    Puma confirms recovery path

    2021-02-24T17:03:00Z

    After a poor first half and a solid third quarter, Puma remained on the right track in the fourth quarter of 2020, with revenues up by 9.1 percent in constant currencies to €1,520 million and a jump in the net income of 38.8 percent to €24.7 million. The ...