Latest Headlines

  • Article

    German retailers oppose the current anti-Covid measures

    2021-12-06T18:45:00Z

    Intersport Germany and Rose Bikes are reportedly representing a group of 4,500 stakeholders in Germany that is grouping retailers, trade associations, journalists and economic experts in their opposition against the German government’s Dec. 2 decision to allow only vaccinated people to enter non-essential retail stores. The requirement, which is being ...

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    Article

    Intersport Austria enhances services during the present lockdown

    2021-12-06T15:05:00Z

    At a press conference marking the start of the 2022 winter season, Intersport Austria looked to the future with cautious optimism. On the first weekend of the advent season, the retail group recorded a digital run on all the winter sports articles that its retail members are offering. Alpine skis, ...

  • Article

    Zumiez continued to grow in Q3

    2021-12-03T22:08:00Z

    Beating analysts’ estimates, Zumiez reported a 5.5 percent increase in net income to $30.7 million for its third quarter ended Oct. 30 on 6.8 percent higher revenues of $289.4 million. The international action sports retailer’s sales were 9.6 percent higher than in the comparable quarter of 2019, when the company ...

  • FESI
    Article

    Big changes in anti-trust commercial regulations are being discussed in Brussels

    2021-12-03T14:02:00Z

    Following a workshop held on Nov. 14 and 15, where the Federation of the European Sporting Goods Industry (FESI) and other trade associations expressed their reservations about it, the European Commission has agreed to revise at least one of the new draft VBER2022 regulations and guidelines that it submitted for ...

  • WTA
    Article

    The WTA suspends all tournaments in China over Peng Shuai’s plight

    2021-12-02T18:55:00Z

    On Dec. 1, the chairman and CEO of the Women’s Tennis Association (WTA), Steve Simon, announced, “with the full support of the WTA Board of Directors,” the “immediate suspension of all WTA tournaments in China, including Hong Kong.” The WTA has a ten-year deal for nine tournaments in China, among ...

  • German flag
    Article

    The unvaccinated are banned from Germany’s non-essential stores

    2021-12-02T18:26:00Z

    In contrast with Austria, where non-essential stores and other public indoor services have been forced to shut down completely at least until Dec. 13, or with the U.K., where people must now wear masks in all the stores, non-essential stores as well as cinemas, theaters and restaurants in Germany will ...

  • Bogner
    Article

    Expanded: Bogner teams up with Bosideng for China

    2021-12-02T17:03:00Z

    Bogner has signed a joint venture agreement with a subsidiary of Bosideng International Holdings, a leading Chinese apparel group, to establish a strong presence for the Bogner and Fire+Ice brands in the Greater China area with the support of experienced managers. The business plan calls for strong social media activities ...

  • Snipes
    Article

    Snipes snaps up the Jimmy Jazz chain in the U.S.

    2021-12-02T16:17:00Z

    Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...

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    Article

    Expanded: ABG signs up licensees for Reebok in the U.S., Latin America and Australia

    2021-12-01T18:48:00Z

    True to its own business model, the Authentic Brands Group (ABG) has announced a slate of “strategic operating partners” that will license the Reebok brand for the U.S. and other key regions around the world once its acquisition is completed as planned in the first quarter of 2022. The Sparc ...

  • Article

    Kappa’s Chinese owner reports a big financial loss

    2021-12-01T17:24:00Z

    China Dongxiang, whose holdings include the ownership of the Kappa brand in China, reported a huge net loss of 748 million yuan renmimbi (€103.5m-$115.6m) for the first half of its financial year ended Sept. 30, compared with a profit of RMB 1,116.2 million in the same period a year ago. ...

  • Allbirds
    Article

    Allbirds’ loss nearly doubled on 33% higher sales in Q3

    2021-12-01T17:24:00Z

    Reporting its first quarterly results as a public company, Allbirds said its revenues grew by 33 percent to $62.7 million in the three months ended Sept. 30, as compared to the same period a year ago, driven by a 42 percent increase in the U.S. to $47.7 million. Sales in ...

  • ABG-logo
    Article

    Amended: ABG sees Reebok reaching $10 bn at retail

    2021-11-30T18:15:00Z

    Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...

  • Article

    Lululemon countersues Peloton over its activewear

    2021-11-30T17:32:00Z

    Lululemon Athletica launched its threatened lawsuit against Peloton Interactive over the latter’s new activewear line in the federal court for Central California on Nov. 29. Lululemon had sent a cease-and-desist letter to Peloton on Nov. 11, claiming potential infringement of six design patents by five items in the latter’s collection. ...

  • Assorted shoes - Fikri Rasyid - Unsplash
    Article

    Shoes will be sportier and more expensive

    2021-11-29T18:23:00Z

    The market for sports-related shoes will continue to gain market share from other types of footwear over the next three years, according to 75 percent of the respondents to a survey organized by World Footwear in collaboration with Shoe Intelligence. The ratio rises to 77 percent when it comes to ...

  • h21
    Article

    Retail chains’ global sales inched up by 1% last year

    2021-11-24T18:18:00Z

    The total revenues of the largest sporting goods retailers around the world eked out a slight increase of one percent in 2020 - both in dollars and in local currencies – going up to a level of $106.7 billion. Like the global sports market, which was flat at $508 million ...

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    Article

    Cancelled functional fabrics show in Munich goes virtual again

    2021-11-24T10:39:00Z

    The physical edition of Performance Days – initially planned for Dec. 1 and 2 – had to be cancelled at short notice due to the current sharp rise in Covid infections in Munich. Like already in May, the winter edition of the show will be moved entirely into the digital ...

  • Article

    Alpine ski facilities are not being closed, but Germany may follow Austria’s lockdown

    2021-11-23T17:17:00Z

    Europe has become the epicenter of the new wave of the coronavirus pandemic, registering 67 percent of the new cases of infection around the world. The situation is particularly tense in Central Europe, but in contrast with a year ago, health authorities are generally excluding snow sports from the range ...

  • Article

    Shelving IPO plans, ABG brings in two new investors

    2021-11-22T18:15:00Z

    Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...

  • Article

    Hervis wins award for its online consulting solution

    2021-11-22T17:09:00Z

    Hervis Sport, the big integrated Austrian sports retail chain, was presented with the Retail Innovation Award 2021 in the “Best Online Solution” category by the Austrian Trade Association on the occasion of Tech Day on Nov. 18, 2021 in Vienna. The jury was particularly impressed by its newly created option ...

  • Article

    Foot Locker grew by 3.9% in Q3

    2021-11-19T18:19:00Z

    Foot Locker reported net income of $158 million for the 13-week period ended Oct. 30, after extraordinary charges of $57 million. Excluding one-time items, the adjusted net income increased by 57 percent to $201 million. The net results compare with $265 million in the year-ago period and $125 million in ...