All Sporting Goods Intelligence articles in Volume 27, Issue 36-37
View all stories from this issue.
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Article
Rapala is not doing well
Jussi Ristimäki, the former chief financial officer of Rapala VMC who was recently appointed president and chief executive of the Finnish manufacturing and distribution group, is working on a new strategy and a new action plan to restore sales growth and profitability after a further sales decline in the third ...
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Article
Luxottica’s wholesale revenues suffer lower sales for Oakley
Sales declines for Oakley and Ray-Ban in North America caused Luxottica s global wholesale revenues to fall by 3.2 percent to €800 million in the third quarter ended Sept. 30, with a drop of 3.6 percent in local currencies. The lower turnover was caused by the ...
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Article
Newell’s outdoor segment posts a loss
Higher sales for Pure Fishing were more than offset by a sales decline at Coleman during the third quarter, leading Newell Brands to report a 3.2 percent drop on a comparable basis for Jarden Corporation's former Outdoor Solutions segment, excluding the snow sports brands held for sales. Furthermore, Marmot Mountain ...
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News briefs
Polartec has released a new version of its NeoShell waterproof...
Polartec has released a new version of its NeoShell waterproof fabric, specifically designed for Teton Bros, the Japanese apparel brand. The new NeoShell has been tailor-made for Teton Bros' Special Edition Jacket. Teton, which makes apparel for high-exertion activity in mountainous areas, was one of the first brands to use ...
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News briefs
The Italian Prime Minister, Matteo Renzi, paid a visit to...
The Italian Prime Minister, Matteo Renzi, paid a visit to the headquarters of the Tecnica Group at Giavera del Montello, near Treviso, on Oct. 5, as part of a series of visits to factories in Italy's Northeast. Tecnica Group's portfolio of brands includes Nordica, Blizzard, Tecnica and Moon Boot. During ...
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News briefs
The Ispo Textrends section at Ispo Munich will introduce for...
The Ispo Textrends section at Ispo Munich will introduce for the first time an Eco Area next February for innovations that protect the environment while enriching the market. Furthermore, new products that are environmentally friendly will be given bonus points by an Ispo Award Eco judging panel.
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Article
International powers Sequential’s results
Strong sales by Heelys outside the U.S., along with recent acquisitions and the sales of other brands in its portfolio of licenses, such as Jessica Simpsons and William Rast, helped Sequential Brands Group to book an 83 percent increase in revenues to $42.0 million in the third quarter ended Sept. ...
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Article
Wolverine loses sales but improves margins
Our estimates for the rugged outdoor shoe market confirm a previous statement by Blake Krueger, chairman, chief executive and president of Wolverine Worldwide, that the market has entered a phase of slow or inexistent growth, which he called “the new normal.” His statement, which has resonated widely in the industry ...
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Article
Weak U.S. wholesale market impacts VF
The North Face's turnover soared by 20 percent in constant currencies for the third quarter in Europe, the Middle East and Africa (EMEA), but this ample rise could not make up for weakness in the North American wholesale market. This has more broadly affected sales at VF Corporation, the owner ...
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Article
Tracksmith makes key hires
Brian Moore, who served as vice president of global footwear for The North Face for four years until last May, has joined Tracksmith, a small but promising American brand of performance running apparel and accessories, as product manager. Founded and run by runners, the brand has also hired a marketing ...
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News briefs
JD Sports Fashion is proposing a stock split. The fast-growing...
JD Sports Fashion is proposing a stock split. The fast-growing British retailer has called shareholders to a general meeting on Nov. 24 to approve it. The proposed move would involve splitting the company's existing ordinary shares, which have a nominal value of 1.25 pence each, into five new ordinary shares ...
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Article
Reebok unveils Liquid Factory
In yet another example of the rapid changes in sports-footwear manufacturing, Reebok has unveiled what it described as its Liquid Factory, producing a three-dimensional plastic web that wraps around the bottom of a shoe. The production is robotized and does not require the molds that form a substantial part of ...
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Article
The EU invests in sports
The European Commission has created an expert group of 15 people from various countries to discuss opportunities for the development of grassroots sports. It is chaired by Sir Graham Watson , president of another association, Europe Active , which focuses on fitness activities. The Commission has also asked all the ...
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News briefs
Sport-Tiedje, a German retailer of fitness equipment, has signed a...
Sport-Tiedje, a German retailer of fitness equipment, has signed a contract with Karstadt Sports for the distribution of its products for the next three years. In 21 Karstadt Sports stores in Germany, Tiedje will introduce its shop-in-shop concept on 60-110 sqm, with three employees per store. Sport-Tiedje has 45 ...
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News briefs
The Inretail Sport Monitor indicates that the Dutch sports market...
The Inretail Sport Monitor indicates that the Dutch sports market raised its sales by just 1.2 percent in the first nine months of this year. Inretail reports that the rise was driven by apparel, up by 1.2 percent, while sports footwear sales increased by 0.5 percent and equipment sales were ...
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News briefs
Nike's draw for its self-lacing Mag sneakers has so far...
Nike's draw for its self-lacing Mag sneakers has so far raised $6.75 million for The Michael J. Fox Foundation (MJFF), which funds research for the development of a cure for Parkinson's disease. The sports brand and MJFF made the sneakers available to the public through an online draw that ran ...
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News briefs
The Guardian reports that Sports Direct International (SDI) and some...
The Guardian reports that Sports Direct International (SDI) and some of its shareholders are struggling to agree on a suitable independent party to conduct a review of the British sports retailing and wholesaling group. Under scrutiny over issues relating to working conditions and corporate governance, SDI conducted a preliminary review ...
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Article
Uvex focuses on digital
Creating a new position, the German group has appointed a chief digital officer, Olaf Lamberz, to develop new digital processes and business models and to address new target groups in an increasingly complex market. Reporting directly to the group's chief executive, Michael Winter, he will start with Uvex's sports ...
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News briefs
Nike is inviting designers, engineers and innovators to participate in...
Nike is inviting designers, engineers and innovators to participate in the Nike Ease Challenge, a competition for design ideas that will aid athletes of all abilities. The challenge, with $50,000 as its grand prize, is already open and submissions will be accepted until Dec. 15. The designers of the three ...
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Article
Deckers has high hopes for Hoka
Hoka One One started to run again in the second quarter of Deckers Brands' financial year, ended Sept. 30. Hoka's sales jumped by 39 percent, lifted by the successful launch of its Clifton 3 shoe, helping the group's Other category to post a 23.3 percent sales increase to $37.7 million, ...
