All Sporting Goods Intelligence articles in Volume 23, Issue 34-35 – Page 3
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Article
Adidas is whipped up by the Olympics
As the London Olympic Games were under way last week, the Adidas Group reported another buoyant quarter for the Three Stripes, although the entire group's performance was dampened by a steep sales decline for the Reebok brand. The company ended the quarter with a turnover of €3,517 million, up by ...
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News briefs
Patagonia Books, a subsidiary of Patagonia Inc. acting as a...
Patagonia Books, a subsidiary of Patagonia Inc. acting as a publisher of writings devoted to nature and outdoor sports, is putting out “The Responsible Company,” a book written by Yvon Chouinard, founder and owner of Patagonia, and Vincent Stanley, the company's marketing director. The authors want to outline – supported ...
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News briefs
Footwear News reports that a Chinese manufacturer is accusing Adidas...
Footwear News reports that a Chinese manufacturer is accusing Adidas of breaching its obligations by abruptly ending their partnership. This comes after the German sports company decided to close down its apparel factory in Suzhou, which was its only factory in China, and to end contracts with five suppliers in ...
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Short stops
Berggruen Holdings has reportedly denied speculation about a possible sale...
Berggruen Holdings has reportedly denied speculation about a possible sale of Karstadt's premium department stores or its sports superstores
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News briefs
Speedo has commissioned a report about the benefits of swimming...
Speedo has commissioned a report about the benefits of swimming that it hopes will get more people in the water. The study, conducted by Ipsos MORI, looked into the psychological benefits of swimming. It found that, according to 74 percent of the respondents, swimming helps reduce stress and tension, and ...
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Article
Inov-8 gets backing from an equity fund
This young British brand of running and fitness shoes and other performance footwear signed a deal last May for an equity increase funded by a U.K. low-cap private equity company, Isis Equity Partners, to help support its strong growth at home and abroad, its expansion into new markets and further ...
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Article
Basicnet’s half-year sales rise by 7.3%, margins decline
Basicnet achieved good growth at the global level through its portfolio of brands in the six-month period ended June 30, with aggregate sales at €213 million, up by 7.3 percent from the year-ago period. The figure includes direct sales – mostly in Italy – and licensees' sales under its various ...
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News briefs
Saucony will have some Gore-Tex footwear for the spring/summer 2013...
Saucony will have some Gore-Tex footwear for the spring/summer 2013 season. Brooks already offers the membrane in some of its own running shoes.
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Short stops
Quiksilver says it has more than 2 million fans on...
Quiksilver says it has more than 2 million fans on Facebook
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Article
Anta’s net falls by 17%
Anta Sports Products, a major Chinese manufacturer of athletic footwear, announced that its net profit for the six months ended June 30 was $121.7 million, down by 17 percent from the year-ago period. An official partner of the Chinese Olympic Committee, Anta remains cautious about the short-term outlook for the ...
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News briefs
While announcing a 16 percent sales increase to $213.9 million...
While announcing a 16 percent sales increase to $213.9 million for the first six months of this year, with growth of 26.5 percent in North America, Johnson Health Tech reported the acquisition of Magnum Fitness, a U.S. manufacturer of commercial fitness equipment located in Wisconsin, where its North American subsidiary ...
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Article
Black Diamond’s sales grow by 13%, but net loss increases
Total sales for the Black Diamond group, based in Salt Lake City, were $31.9 million in the second quarter ended June 30, a 13 percent increase from the year-earlier period. The gross margin of the American group increased to 39.1 percent, compared with 38.9 a year ago, due to a ...
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News briefs
Nike wants to make Sunday, Aug. 12, the “most active...
Nike wants to make Sunday, Aug. 12, the “most active day” ever through its Nike+ digital ecosystem, which has more than 8.5 million members around the world. Nike is calling on everybody to engage in a “Greatness Is Ours” mission by sharing their activities and their achievements through the social ...
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News briefs
After 10 years of growth in the U.S. and Canada,...
After 10 years of growth in the U.S. and Canada, Mammut Sports Group had to move to a new warehouse in Williston, Vermont. The new facility consolidates its existing headquarters and three separate warehouses on 23,000 square feet, bringing together all product categories. The company said that it would dramatically ...
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News briefs
Net losses declined for Nautilus to $164,000 in the second...
Net losses declined for Nautilus to $164,000 in the second quarter of 2012, down from a loss of $3.26 million in the year-ago period. The net revenues of the American fitness equipment company totaled $39.6 million, an increase of 14 percent. The gross margin improved by 1.5 percentage points to ...
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News briefs
Another 5,000 counterfeit golf products were seized in May by...
Another 5,000 counterfeit golf products were seized in May by Chinese authorities working with the U.S. Golf Manufacturers Anti-Counterfeiting Working Group. The raid took place in Dongguan City, with officers entering the Oriental Golf Store and two associated warehouses to seize merchandise and assembly machinery, as well as arresting the ...
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