All Sporting Goods Intelligence articles in Volume 27, Issue 27-28
View all stories from this issue.
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Short stops
Michelin Technical Soles is unveiling a new partnership with Shimano...
Michelin Technical Soles is unveiling a new partnership with Shimano at the Eurobike show in Friedrichshafen on Aug. 31, while confirming its collaboration with Northwave
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News briefs
The organizers of the Outdoor Retailer Winter Market have started...
The organizers of the Outdoor Retailer Winter Market have started discussing the idea of an agreement with Snowsports Industries of America, which organizes the SIA snow show in Denver. The idea is that Outdoor Retailer would hold a softgoods-only show in Salt Lake City in November, starting in 2017, while ...
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Article
Li Ning recovers from last year’s losses
The Li Ning group saw revenues for the six months ended June 30 gain 13.0 percent on the corresponding period last year, reaching 3,596 million yuan renmimbi (€481.0m-$542.2m). It reported a first half profit of RMB113.4 million (€151.7m-$17.1m), significantly better than the RMB29.4 million losses of a year earlier. ...
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Article
Puma’s victory lap
Usain Bolt may be the fastest man on earth, but on their own ground, the marketing and social media folks at Puma can sprint just as fast. After Bolt crossed the finish line to win Olympic gold in Rio last Monday, running the 100 meters in 9.81 seconds, he took ...
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News briefs
JD Sports will have a second store on London's Oxford...
JD Sports will have a second store on London's Oxford Street, located within the West One shopping center above the Bond Street tube station. The retailer already has a store at the east end of Oxford Street.
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Article
Newell’s Jarden integration on track
During the second quarter, organic sales went up by 0.5 percent in the outdoor solutions segment of Newell Brands, most of which formerly belonged to Jarden Corp. Higher sales at Pure Fishing offset weather-related declines at winter sports brands such as K2 , Völkl and Marker . ...
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Article
Yue Yuen improves margins
Revenues were up barely by 0.8 percent at $2.28 billion for Yue Yuen Industrial in the first half ended June 30. Excluding extraordinary items, the operating profit rose by 11.9 percent to $233.7 million and net earnings grew by 18.3 percent to $2,248.7 million. Comprehensive net income increased by 10 ...
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Article
Mizuno performs well in Europe
Mizuno saw revenues inch up by 0.8 percent to 48.4 billion yen (€428.6m-$483.1m) for the quarter ended June 30, hampered by the effect of relatively weak European and Asian currencies. On a currency-neutral basis, sales in Europe, the Middle East and Africa (EMEA) improved by 15.4 percent over ...
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Article
Nike exits golf equipment, while TaylorMade improves
Nike caused a stir in the golf business two weeks ago, when it announced that it would be exiting the golf equipment business, from clubs to balls and bags. Nike said that it would focus instead on golf footwear and apparel, continuing to work with prominent golfers. Trevor Edwards, president ...
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Short stops
Sports Direct International has raised its stake in Iconix, owner...
Sports Direct International has raised its stake in Iconix, owner of Umbro and other brands, to 13.01%
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Article
Crocs sells more but fall short of guidance
Crocs posted revenues for the second quarter that came up short of its own guidance for sales in the range of $340 million to $350 million. They dipped by 6.3 percent over the year-ago quarter to $323.8 million, or by 6.2 percent on a constant-currency basis. The company blamed the ...
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Article
Octane continues to power Nautilus
Nautilus' revenues soared by 32.0 percent to $78.5 million in the second quarter of the year, driven by its recent purchase of Octane Fitness, a complementary firm in the fitness equipment sector. The retail business was the shining star, with sales up by 19.0 percent organically and by 89.0 percent ...
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Article
Fitbit continues its strong growth story
After posting growth of 92.0 percent in the first quarter, Fitbit continued on its strong trajectory with results for the second quarter that surpassed Wall Street's estimates. Sales soared by 46.0 percent to $586.5 million as compared to a year ago, while analysts were looking for sales of $578 million ...
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News briefs
The German Olympic Sports Confederation (DOSB), which was formed from...
The German Olympic Sports Confederation (DOSB), which was formed from the tie-up between the German Sports Confederation and the National Olympic Committee for Germany ten years ago, has extended its partnership with Adidas. The company's latest deal as official sponsor and outfitter covers four winter and summer Olympic Games until ...
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Article
SDI workers to get compensation
Sports Direct International (SDI) has agreed to pay about £1 million (€1.16m-$) in compensation to thousands of workers at its British warehouse, after the retailer admitted that they were at some point paid less than the minimum wage due to security delays, according to Unite, the trade union that has ...
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News briefs
Columbia Sportswear has won a summary judgement in Portland federal...
Columbia Sportswear has won a summary judgement in Portland federal court regarding one of the patents covering its Omni-Heat reflective insulation technology. The Oregon judge found that the “overall visual effect” of the dot pattern used by Columbia was “nearly identical” to that of Seirus Innovative Products' range of Heatwave ...
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Short stops
Vans has opened a skate park in the Swedish city...
Vans has opened a skate park in the Swedish city of Malmö
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News briefs
Ulf Kinneson has resigned as chief executive of Intersport Sweden...
Ulf Kinneson has resigned as chief executive of Intersport Sweden after 3.5 years in the post, where he played a crucial role in transforming the buying group into an integrated retailer through a change of ownership. He will continue as a director of Intersport Sweden, and he will also join ...
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Article
Impairment charges hit Johnson Outdoors
Johnson Outdoors posted weak results for its fiscal third quarter ended July 1, with profits tumbling against the year-ago period due to non-cash goodwill impairment charges of $6.2 million for the Diving segment. Net income plummeted by 31.5 percent to $6.8 million . These charges were triggered by the company ...
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Article
Leadership changes at Timberland, Smartwool and Vans
VF Corp. has announced several executive changes at some of its outdoor brands. At Timberland , Jim Pisani has been named the brand's new global president, effective Aug. 8 . He replaces Stewart Whitney , who left the company in July after less than two years on the ...
