(Expanded Breaking News) Ispo Munich 2021 will be entirely virtual
We have yet not received any official statement, but according to Messe München’s post on ispo.com today, Ispo Munich 2021, originally scheduled for Jan. 31 to Feb. 3, will be held entirely in a digital format on Feb. 1-5.
Danish Sportmaster wins two prizes
Sportmaster, the Danish sporting goods retailer recently acquired by the Russian-based Sportmaster Group, has won two awards in two contests conducted by PriceRunner, a website that normally advises customers on the best price bargains. The retailer came out as Denmark’s E-Dealer of the Year in the Sport category as well ...
Analysis: Growth of nearly 7% in 2019 for the world’s major sports retailers
The American and European and editions of Sporting Goods Intelligence differ from each other insofar as they cover the sporting goods retailers operating in their respective territories on an exclusive basis. Every year, they cooperate to put out a ranking of the major sports retailers across the world, showing how ...
Moncler reports a 14% drop in Q3
The decline in Moncler’s revenues slowed down in the third quarter to a rate of 15 percent, or 14 percent in local currencies, falling to a level of €361.8 million. The management reported high and constantly improving growth in China. Without providing the details, the management said that other markets ...
Kathmandu benefits from Rip Curl and online sales
It was the acquisition of Rip Curl that helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine ...
Thule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
WTO report examines IP in light of Covid
The Covid-19 pandemic has led national and regional intellectual property (IP) offices to expedite certain procedures relating to the use of patented devices and copyrighted materials. The Secretariat of the World Trade Organization (WTO) has published a paper sketching the background of its fundamental IP deal – the WTO Agreement ...
Online sales and Rip Curl help Kathmandu
As expected, the acquisition of Rip Curl helped Kathmandu Holdings to raise its total sales by 48.7 percent to 801.5 million New Zealand dollars in the “transformational” financial year ended on July 30, with the action sports brand contributing sales of NZ$ 315.7 million (€178.2m-$210.6m) in the first nine months ...
(expanded) Adidas may offload Reebok by March
Naming Anta Sports Products and VF Corp. as potential buyers for the brand, Germany’s usually well-informed Manager Magazin reports that the Adidas Group is planning to sell its Reebok division by next March. A spokesperson for the group said the company has a policy of not commenting on press rumors, ...
Little harm for Fischer from Ukrainian plant fire
In its first statement since a fire broke out at its Ukrainian joint venture factory in Mukachevo during the night of Oct. 11 to 12, Fischer Sports said it is immediately relocating some of its ski production to its own Austrian plant in Ried. By adding labor shifts at both ...
Calls for online marketplaces to proactively prevent the sale of fakes
The European Federation of the Sporting Goods Industry (Fesi) is urging the operators of internet platforms to undertake “due diligence obligations for preventive and proactive measures” to fight against the sale of illegal products online, while expressing strong support for the efforts being made by the European Commission to obtain ...
Generally positive results for the Chinese sports brands
Chinese companies don’t publish detailed quarterly results, but all the four major public sporting goods companies except 361 Degrees had something positive to say in their preliminary operational updates for the third quarter of 2000, confirming the Chinese industry’s recovery from the coronavirus pandemic.
Under Armour is centralizing and digitalizing its European operations
Under Armour has decided against reopening its physical sales offices in Paris, Munich, Manchester and Barcelona, preferring instead to coordinate in-person and remote selling functions in the respective markets from a new, “futuristic” Digital Hub at its European headquarters in Amsterdam.
GfK: Contrasting consumer sentiment across Europe
The second wave of the Covid-19 is beginning to stifle the previously expected recovery of the European economy, particularly for the consumption of non-essential products and services. Fortunately, it has not yet led to the retail lockdowns of the first wave in the spring – except in Wales and the ...
VF wants to be more agile and digital
After releasing VF Corporation’s figures for the second quarter ended on Sept. 30, the group’s management said it felt that the worst of the Covid-19 crisis is over by now, but pointed out that the crisis will be prolonged, that the situation is going to be “volatile,” and that the ...
Stella continued to struggle in Q3
In a business update for the third quarter, Stella International said shipment volumes declined by 23.6 percent from the year-ago quarter to 12.3 million pairs, while its total sales plunged by 23.3 percent to $344.5 million, including those of its in-house brands. The Chinese footwear company’s revenues from manufacturing improved ...
Icon sues Peloton
After a steady climb over the last six months, Peloton Interactive’s share price took a small hit on the stock exchange after the news yesterday that Icon Health & Fitness had filed a patent infringement suit against it in A federal court in Delaware. At $37.77 billion, Peloton’s market capitalization ...
Amazon enjoys a record-breaking Prime Day
Third-party sellers on the Amazon Marketplace generated sales of more than $3.5 billion during the company’s recent Prime Day promotions on behalf of small and medium-sized businesses. This represents an increase of nearly 60 percent from last year’s promotion, outstripping the growth in Amazon’s own sales.
VF goes back into the black
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
Some physical trade shows are cancelled or reinvented
Replicating what has already happened with many summer shows, the organizers of various exhibitions and their clients are rethinking their programs for the next few weeks and months in reaction to an unexpectedly virulent second wave of the coronavirus pandemic in many parts of the world. The Eurobike Special show ...
Analysis: The 10 major European sports retailers online
The online retail business in the sporting goods sector has been growing stronger and stronger in recent years, and it has been accelerating during and after the first wave of the coronavirus pandemic. New business models and start-ups have disrupted classic sales channels. Players with strong roots in technology, data and innovation have been taking an increasing share of the market, profiting from deep consumer insights and trends. But brand awareness, people, careers and leadership are still playing a strong role in the success of any venture, as many of the examined companies stress on their B2B websites.
Boardriders’ recapitalization runs into rough waters
A recent new debt offering of $155 million issued by Boardriders to Oaktree Capital Management and other lenders is being challenged by a group of previous lenders who see their rights subordinated in the new deal, which establishes collateral rights for them with regard to their previous debt of around ...
Asos will focus more on activewear
Asos, the international U.K.-based fashion e-tailer, said it will expand its activewear offering as locked-down clients spurned party outfits in favor of sportswear and exercise gear during the Covid-19 pandemic. Asos said that a focus on curating and presenting “the best edit of sports lifestyle and activewear product … from ...
WFSGI’s monthly Covid-19 survey shows rising pessimism
The World Federation of the Sporting Goods Industry (WFSGI) has released the results of the September edition of its WFSGI Covid-19 Impact Survey, a monthly report conducted among manufacturers as well as retailers and brands across the sporting goods sector to explore the effects of the pandemic on their businesses. ...
Reorganizing the top management, VF names Steve Murray president of TNF
VF Corporation is changing its management structure to suit changes in the way it does business, notably by dividing its brand portfolio into Core Brands and Emerging Brands and by getting them to be managed differently to help them achieve their full potential. Until now, the operations of its three ...
Babolat hopes to capitalize on the recovery of racquet sports
Like some other outdoor sports, tennis has enjoyed a recovery from the effects of the Covid-19 pandemic of this past spring, as players can easily respect social distancing rules in the tennis courts. In the first half of this year, Babolat, the world leader for tennis racquets, came 20 percent ...
Global talks on a digital tax prolonged to 2021
The 137 countries involved in talks on base erosion and profit shifting (BEPS) due to the digitalization of the economy have agreed to keep working toward an agreement on the taxation of digital companies by mid-2021, thus acknowledging that they will fail to strike a deal by the end of ...
EU agrees on common rules for pandemic-related travel restrictions
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission.
eBay to certify sneakers, like StockX and others
Joining the likes of StockX, the online resale exchange for sneakers and streetwear, eBay will be testing all new and used sneakers sold on its platform in the U.S for $100 or more from this month onward to ensure that they are genuine. Those that pass will receive its Authenticity ...