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China grows again for Adidas
Adidas reports that its overall business in Greater China turned positive in May, as compared to a year earlier, leading it to predict more or less flat revenues in the region during the second quarter ending on June 30. The region represents about one-quarter of the Adidas Group’s total turnover ...
Canada Goose was resilient against Covid-19
Canada Goose Holdings was not hit as hard as other clothing brands by the pandemic, which it attributed to the seasonal nature of its business. While it felt the impact of store closures late in its fiscal year, which ended on March 29, 2020, its peak activity time had been ...
Decathlon targets a 7.5% margin on 10-15% lower sales in 2020
While predicting a drop of between 10 and 15 percent in its global sales for this year, due to the Covid-19 pandemic, Decathlon is planning to accelerate its investments in omni-channel retailing and the development of certain product categories to improve its chances for a relatively quick recovery. Thanks in ...
Encouraging launch for the first UYN footwear line
Trerè Innovation, the Italian knitter of functional products, is confident that its new UYN brand of garments, shoes and accessories will reach by 2021 or 2022 the same level of sales that it registered with its X-Bionic garments and its X-Socks until its European manufacturing and distribution license with the ...
Karstadt Sports and SportScheck to get closer or divorce
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided in principle that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarters of SportScheck in Unterhaching ...
Decathlon targets a 7.5% margin on 10-15% lower sales in 2020
While predicting a drop of between 10 and 15 percent in its global sales for this year, due to the Covid-19 pandemic, Decathlon is planning to accelerate its investments in omni-channel retailing and the development of certain product categories to improve its chances for a relatively quick recovery. Thanks in ...
Melody Harris-Jensbach will leave Jack Wolfskin
Melody Harris-Jensbach, the seasoned executive who has been running Jack Wolfskin for the past six years, will soon be leaving the German outdoor brand. According to a press release, Callaway Golf Company, which took over Jack Wolfskin at the beginning of 2019 for around €418 million, and Harris-Jensbach had already ...
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 ...
Joint management for SportScheck and Karstadt Sports
(updated March 12 2020) Thomas Wanke has been appointed to the newly created position of chief executive of both Karstadt Sports and SportScheck. The former CEO of SportScheck, Markus Rech, is no longer in charge. Furthermore, Stefan Weiss, chief sales officer at Karstadt Sports, will from now on serve as ...
Coronavirus slows Technogym’s sales, but home fitness rockets
Lockdowns and store closures hit Technogym’s sales in the first quarter, although this was partly offset by higher sales of home fitness equipment, as more people exercised indoors. The Italian company’s total revenues dropped by 11.2 percent from the year-ago quarter to €116.8 million, or by 11.9 percent in constant ...
Sportmaster inks a partnership with an online store
Russia’s biggest sporting goods retailer has signed a partnership agreement with the big Russian online fashion store of Lamoda, under which Sportmaster will soon begin selling sports and outdoor footwear and apparel through its marketplace. Sportmaster said it was planning to only offer goods under its private Demix and Outventure ...
Oberalp holds its first Virtual Convention
The current restrictions on international travel and social contacts are leading Oberalp to organize a ”virtual” sales convention to present the latest products of its brands, which include Salewa, Dynafit, Wild Country, Evolv and Pomoca. The 2020 digital convention, which is to replace the corresponding “physical” events of the past ...
Asics exceeds sustainability targets
In 2019, Asics achieved a 27.9 percent reduction in CO² emissions per pair of shoes during the manufacturing process as compared to 2015 baseline levels, exceeding the 10 percent target that the company had set for itself by 2020. This is the headline result in Asics’ 2019 Sustainability Report, which ...
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 ...
Encouraging launch for the first UYN footwear line
Trerè Innovation, the Italian knitter of functional products, is confident that its new UYN brand of garments, shoes and accessories will reach by 2021 or 2022 the same level of sales that it registered with its X-Bionic garments and its X-Socks until its European manufacturing and distribution license with the ...
Lessons Learnt from the Current Corona Crisis on the Legal Risk Management of Supply Chain Issues
A guest article by Jochen Schäfer: The Covid-19 pandemic has thrown the European and world economy into a toxic cocktail of extreme turbulence and challenges, which are far bigger than those experienced during the 2008 financial crisis. While it may be too early to talk about the lessons that I ...
More than 6,000 visitors at Oberalp's virtual convention
The first virtual sales conventions organized by Schöffel and Oberalp went better than expected, as we have already reported. We have also learnt in the meantime at at least two other outdoor sporting goods companies, Mammut and Vaude, have also held their own digital sales meetings. Organizing three different “studios” ...