All Sporting Goods Intelligence articles in Volume 27, Issue 27-28 – Page 4
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News briefs
Dynafit is voluntarily recalling all the men's and women's models...
Dynafit is voluntarily recalling all the men's and women's models of its Khion boot in the U.S. because of an undisclosed safety issue that could cause a fall or an injury. The users are entitled to a new ski boot or a refund.
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News briefs
Ecco Golf and American Golf Supplies (AGS), a Sydney-based private...
Ecco Golf and American Golf Supplies (AGS), a Sydney-based private company, have announced a new partnership which will see AGS as the new distributor of Ecco Golf shoes in Australia. This agreement will replace the current distribution by Ecco Shoes Pacific. AGS, which has been owned by Paul and Kim ...
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Article
Dorel Sports restructures after lower sales
Dorel Sports has announced various measures for the current quarter in reaction to a drop in revenues during the second one. All restructuring actions will result in around 4 percent reduction in Dorel Sports' global workforce, with anticipated annualized savings of $5.0 million starting next year.Among other measures, sales of GT ...
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News briefs
Chervò has launched a new online app advising golfers on...
Chervò has launched a new online app advising golfers on the weather forecast and the most suitable outfit to wear for the conditions. The app can be downloaded for free from the App Store for iPhone and iPad users. This is the first-ever app that the Italian golf and leisure ...
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Article
Hainer delivers a “fantastic” last quarter at Adidas
Herbert Hainer, departing chief executive of the Adidas Group, said that he “saved the best for last” as he outlined the company's outstanding performance for the second quarter. As previously announced, ample gains in sales and profits for the three months led to another upgrade in the group's forecast for ...
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News briefs
Adidas has announced it will open its first Speedfactory for...
Adidas has announced it will open its first Speedfactory for the U.S. market in the Atlanta, Georgia area in 2017. The purpose of the new highly automated shoe factory is to allow the sporting goods giant to create products faster and closer to its consumers in the U.S., with more ...
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Short stops
Adidas Originals is opening this week a new flagship store...
Adidas Originals is opening this week a new flagship store on Spring Street in New York City
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News briefs
Stefan Rosenkranz and Reinhold Hugo, who have been acting as...
Stefan Rosenkranz and Reinhold Hugo, who have been acting as country managers of Salewa Sport for Germany and Switzerland, respectively, are going to leave the Oberalp Group as part of the reorganization of its activities in Central Europe. Christoph Mannel, who has been the general manager of Oberalp Austria since ...
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Article
Acquisitions help Vista Outdoor
Vista Outdoor reported a 23 percent sales increase to $630 million in its second quarter ended July 3, boosted by its new acquisitions of Bell, Giro, Jimmy Styks and CamelBak during the past year. The figure includes $134 million from recent acquisitions. On an organic basis prior to those acquisitions, ...
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News briefs
Nike has announced the acquisition of Virgin Mega, a tech...
Nike has announced the acquisition of Virgin Mega, a tech start-up that is part of Richard Branson's Virgin Group. The terms of the transaction were not disclosed. The acquisition is meant to help Nike launch a new digital studio based in New York City, which will focus on innovative consumer ...
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News briefs
Skullcandy announced yesterdat that its board of directors had accepted...
Skullcandy announced yesterdat that its board of directors had accepted to negotiate a revised takeover offer at $6.35 a share by Mill Road Capital Management that values the American headphone producer at about $196 million. Meanwhile, another company, Incipio, extended an offer at $6.10 share for another two weeks. Incipio ...
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News briefs
In a bid to bolster its accelerating international business, Under...
In a bid to bolster its accelerating international business, Under Armour has named a company veteran, Kip Fulks, as chief product officer, and recruited two new executives to its senior management team - Colin Browne as president of global sourcing, and Andy Donkin as chief marketing officer. Both men will ...
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News briefs
Siegfried Passreiter, who is now 61 years old, has retired...
Siegfried Passreiter, who is now 61 years old, has retired from Fischer and Löffler after 18 years of work for the Austrian company, where he acted most recently as managing director of its German subsidiary. As planned, his position has been taken over by Walter Wensauer, sales manager of the ...
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Article
361 Degrees is set to open a European office
361 Degrees, the Chinese sports apparel and footwear brand, is preparing to open a European head office near Amsterdam at the start of September to handle sales and marketing of its international range in Europe, starting with a focus on the running footwear market.The move comes after the Chinese company ...
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Article
361 Degrees invests in footwear and international
361 Degrees has continued to upgrade its business this year, with wide-ranging investments in development and international expansion. The demand remains on the rise, with a high single-digit increase in orders at the trade fair held in June.In the first half of this year, the Chinese group's turnover increased by ...
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News briefs
Mifa has been granted a €3 million subsidy from the...
Mifa has been granted a €3 million subsidy from the state of Saxony-Anhalt in Germany for the construction of a new bicycle factory in Sangerhausen. The company will invest a total of around €20 million in the new facility, whose construction is expected to be completed by the end of ...
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News briefs
Giant Manufacturing Co. has reported a 3.7 percent drop in...
Giant Manufacturing Co. has reported a 3.7 percent drop in total sales to 29.08 billion Taiwan dollars (€833m-$941m) for the first half of this year. Net income fell by 5 percent to TWD 1.69 billion (€48.5m-€54.8m). The company produced a total of 2.56 million bicycles during the period.
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News briefs
The International Olympic Committee (IOC) approved on Aug. 3 five...
The International Olympic Committee (IOC) approved on Aug. 3 five new sports for the 2020 Olympic Games in Tokyo. The 2020 Games will include skateboarding, surfing, karate, climbing and baseball/softball. These will not replace any of the 28 sports already on the schedule, and the athlete and event quotas of ...
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News briefs
Zalando posted a 25 percent sales increase to €916.4 million...
Zalando posted a 25 percent sales increase to €916.4 million for the second quarter against the same period of 2015. Earnings before interest and taxation (Ebit) almost tripled to €80.9 million. The Berlin-based fashion e-tailer said the number of active customers grew to 18.8 million by the end of the ...
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Article
Stadium sells its Danish stores to Sport24
Stadium, the Swedish sports retailer, is offloading its eight remaining Danish stores to Sport24, a Danish retailer that already announced earlier this year its planned acquisition of Sportigan, a buying group for smaller Danish sports retailers.The buyer says it intends to take over the Stadium stores in October, assuming approval ...
