More about brands – Page 153
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News briefs
Intersport and Decathlon offer drive-in click & collect
Both Intersport and Decathlon have set up a form of “drive-in click and collect” service in France, calling it simply “drive.” Customers place their order online and collect the merchandise in the parking lot of their local store, receiving it directly at their car with maximum distancing. Intersport, which reopened ...
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Intersport reports rising online sales in Germany
Intersport Germany has announced that about two-thirds of the customers who have a made a purchase on its online store in the last couple of weeks made another purchase at a later point. About 370 affiliated retailers are already connected to the platform, achieving sales in a range around €50 ...
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Macron is new kit sponsor of Tigers Tübingen
Macron is the new technical sponsor of the Tigers Tübingen, a German basketball team that plays in the 2 Basketball Bundesliga. The Italian sportswear company will provide the team with all their technical apparel as well as a line of merchandising products. The agreement will be effective at the beginning ...
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S&P downgrades Wolverine
Standard & Poor’s downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
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Article
While sales tumble, Shimano’s profits soar
Shimano said its sales for the first quarter were down by 12.3 percent from the year-ago period to ¥76,920 million (€662.5m-$721.1m), hampered by lockdowns around the world in response to Covid-19. However, the company’s net earnings jumped by 95.6 percent to ¥19,663 million (€169.4m-$184.3m), mainly due to strong foreign exchange ...
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News briefs
Galvin Green is more sustainable
Galvin Green, the Swedish golf apparel brand, is launching a range of products that are made entirely from recycled materials. All seven styles of its Insula warm layer garments, which include 24 sweaters in total, are now made from bluesign approved fabric. All of the brand’s Gore-Tex waterproof garments also ...
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Wilson puts out a special golf bag
Wilson has launched a new Tour golf bag, the Wilson Staff Pro Tour Bag, that weighs 4.7kg and features a full-length umbrella sleeve and detachable rain hood. It also offers waterproof pockets for mobile phones and electronics, as well as velour-lined pockets for valuables, among other features.
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A 6-year-old boy designed an Erreà jersey
Erreà has presented a special new shirt that Pescara Calcio 1936 (Pescara), a football club that is in Italy’s Serie B division, will be wearing in the next season. What is special about the shirt is that it was designed by a six-year-old boy, Luigi D’Agostino, after the club launched ...
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Nike obtains dismissal of Klaw logo suit
Nike has obtained the dismissal of Kawhi Leonard’s lawsuit over the “Klaw” logo. Leonard plays for the Los Angeles Clippers of the National Basketball Association (NBA). The so-called Klaw logo is easily identified with the player himself, as it is meant to symbolize his distinctly large hands. According to Nike, ...
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Oeko-Tex waives fee for mask certification
Since April 20, Oeko-Tex has waived the licence fee for the Standard 100 certification of mouth and nose masks in order to support the safety of the general public during the period of Covid-19. This measure follows the recently announced process changes for certificate renewals during the corona pandemic. The ...
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ArticleAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported today a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed right now, the management is expecting ...
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Article
Decathlon inks a deal with a major Russian marketplace
As it has already done with Kant, one of the major multi-brand sports retailers in Russia, Decathlon has embarked on an unusual cooperation with a major Russian e-tailer, Ozon, which is pushing its own marketplace. The highly verticalized French sports retailer has announced a contract with Ozon to sell 1,500 ...
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Article
UYN and others make masks and do more for Covid-19
Trerè Innovation, the Italian knitter of functional garments sold under the new UYN brand name – which stands for “Unleash Your Nature” – has converted its factory in northern Italy to make 10,000 face masks per day, while gearing up gradually for a re-start of the full production process at ...
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News briefs
Vibram launches new shoe
Vibram is launching the FiveFingers V-Train 2.0, a new model for the spring/summer 2020 collection, for men and women. The shoe is designed for indoor physical activities like pilates or yoga, as well as for heavy workouts that require endurance and agility. The new model is available in black/black, black/blue ...
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Nike UK kids
Nike and Ukactive Kids have launched Move Crew, a new initiative designed to help children reach their 60 minutes of daily recommended activity. Ukactive is a British not-for-profit health organization for the physical activity sector. The Move Crew initiative sets daily “activity missions” for children to complete. A new Move ...
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Nike Earth Day
Nike has celebrated this year’s Earth Day (April 22) by launching a new program on nike.com that makes it easier to search, shop and learn about the sustainable features of its products. Thanks to a new “Shop Sustainable Materials” tab in the navigation, it is now easier to spot sustainable ...
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Article
Skechers’ net falls by 55%
Skechers USA reported a drop of 54.9 percent to $49.1 million in its net earnings for the first quarter ended March 31 on 2.7 percent lower revenues of $1,242 million. In terms of local currencies, sales were down by 1.2 percent, with a small increase of 2.9 percent in the ...
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Article
Adidas may forego government aid
The Adidas Group said ten days ago that the German government had approved in principle its request to contribute to a €3 billion syndicated revolving credit facility through its state-owned bank, KfW, to help the company weather the Covid-19 crisis. In return, Adidas would not pay dividends for the duration ...
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News briefs
Lululemon's CFO leaves
Lululemon has announced the departure of its current chief financial officer, Patrick Guido, on May 8. He will be joining the Asbury Automotive Group as senior vice-president and chief financial officer. Meghan Frank, Lululemon’s senior vice-president of financial planning & analysis, and Alex Grieve, vice-president and controller, will take over ...
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News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
