All Sporting Goods Intelligence articles in Volume 27, Issue 36-37 – Page 2
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Article
Fitbit cuts sales forecast
After posting two strong quarters earlier this year, Fitbit disappointed investors with weaker-than-expected third-quarter results and a revised-down guidance for the fourth quarter. The shares of the fitness tracking company were trading down about 30.0 percent the day after it cut sales forecasts on Nov. 2.Fitbit officials cited challenges in the ...
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News briefs
The Cycling Sports Group (CSG), part of Dorel Sports, has...
The Cycling Sports Group (CSG), part of Dorel Sports, has promoted Henning Schroeder to the position of global vice president of product. In addition, David Guzik has been promoted to global vice president of engineering, while Brian Immel has been promoted to global vice president of marketing. CSG owns the ...
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News briefs
Sport Partner reports that Matthijs de Vries, Odlo International's country...
Sport Partner reports that Matthijs de Vries, Odlo International's country manager for the Netherlands and Belgium, is leaving the company at the end of the year to become manager for the business unit in charge of export at the Oberalp Group, covering the Salewa and Dynafit brands. De Vries is ...
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Short stops
An Italian company, Karpos, will dress up the Italian cross-country...
An Italian company, Karpos, will dress up the Italian cross-country ski team with a technical line of skiwear called Carbon Look, which uses Gore Windstopper and other technical materials
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News briefs
Patagonia will be using Lenzing's Tencel closed-loop fibers in its...
Patagonia will be using Lenzing's Tencel closed-loop fibers in its products starting next spring. The new material that Lenzing has developed turns pre-consumer waste cotton scraps, which would otherwise be discarded, into Tencel fibers. The process consists in taking the fabric scraps from post-industrial waste, removing contaminants such as resins ...
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News briefs
Cicli Pinarello, the Italian cycling company, is set to be...
Cicli Pinarello, the Italian cycling company, is set to be bought by LVMH, the French conglomerate behind high-end luxury brands such as Louis Vuitton, Dior, and Moet et Chandon. If the transaction is confirmed, it would be LVMH's first move into the sports and wellness markets. There should be no ...
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News briefs
Hanesbrands, which took over Champion Europe recently, has reported a...
Hanesbrands, which took over Champion Europe recently, has reported a low single-digit increase for the Champion brand globally for its third quarter ended Oct. 1, with low double-digit growth in the mass market and strong double-digit growth in Japan. Retail bankruptcies in the U.S. caused a loss of $15 million ...
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News briefs
CCM Hockey will be the new main sponsor of the...
CCM Hockey will be the new main sponsor of the Swedish Ice Hockey Association over the next five years. At the same time, Intersport Sweden has deepened its partnership with the organization and has become an official partner with the exclusive rights to sell Tre Kronor and Swedish Ice Hockey ...
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News briefs
Brian Moore, who served as vice president of global footwear...
Brian Moore, who served as vice president of global footwear for The North Face for four years until last May, has joined Tracksmith, an American brand of performance running apparel and accessories, as product manager. We understand that his appointment is intended to strengthen the sourcing capabilities of the company, ...
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News briefs
Casall, the Swedish fitness brand, has recruited a new chief...
Casall, the Swedish fitness brand, has recruited a new chief executive, Jon Lööf, to help it to expand into new markets. He is credited with a broad background in international sales and marketing. Lööf has held various leadership positions at Nike's European headquarters in the Netherlands. He comes directly from ...
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Article
Cybex boosts Brunswick’s sales, not its margins
The acquisition of Cybex and ICG allowed Brunswick Corp., parent company of Life Fitness, to boost the sales of its fitness segment by 20.3 percent to $237.0 million in the third quarter, but excluding its takeover, the segment's revenues grew by only 4 percent in terms of constant currencies.Outside the ...
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Article
Black Diamond is optimistic
Black Diamond reported a minimal increase in sales from continuing operations during the third quarter to $39.4 million from $39.3 million a year ago, up by 3 percent in constant currencies. The gross margin contracted to 31.3 percent from 36.0 percent, due in part to the repatriation of some production ...
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Short stops
JD Sports Fashion is opening its biggest store in Spain...
JD Sports Fashion is opening its biggest store in Spain and the 23rd one in the country, covering more than 500 square meters in the Splau de Cornellà shopping center of Llobregat, near Barcelona
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News briefs
The first flagship store of Canada Goose has been officially...
The first flagship store of Canada Goose has been officially opened in the brand's hometown of Toronto. It covers 4,500 square feet in the city's Yorkdale Shopping Centre. Among other services, customers can book appointments with some of the brand's “ambassadors.” They can leave items purchased in storage while they ...
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News briefs
Franck Riboud, chairman of Danone, has become an independent director...
Franck Riboud, chairman of Danone, has become an independent director of Quiksilver, whose board will be expanded from four to five members. Riboud is also a director of Renault, Rolex and Bagley Latinoamerica.
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Article
BasicNet’s sales decline slightly in the first nine months
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has reported aggregated revenues of €556 million for the first nine months of 2016, down from €570 million in the first nine months of 2015. BasicNet's aggregated revenues include its direct sales, mostly in Italy, and those ...
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Article
Callaway banks on Nike’s golf exit
While reporting higher sales in its seasonally small third quarter, Callaway Golf announced the recruitment of Hideyuki “Rock” Ishee, the departing senior director of golf ball innovation at Nike, as the company's new senior director of advanced golf ball research. Earlier, Callaway had placed Sean Toulon in charge of its ...
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Article
Bauer’s parent goes bankrupt
Unable to file audited income statements for the last few quarters before the Oct. 28 deadline set by regulatory authorities, the Performance Sports Group (PSG) filed for bankruptcy protection from its creditors in the U.S. and Canada, but the filing looks like a pre-packaged bankruptcy.A stalking horse takeover bid of ...
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News briefs
Despite Brexit, New Balance said it is committed to keep...
Despite Brexit, New Balance said it is committed to keep manufacturing shoes in England, which employs 240 workers, and will use it to make premium football boots for the first time in almost four decades. Rob DeMartini, chief executive, made the statement while inaugurating its biggest store outside the U.S. ...
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News briefs
Nik Baker, sales manager of Sole Technology Europe, will soon...
Nik Baker, sales manager of Sole Technology Europe, will soon take over as general manager of the Dutch-based operation, responsible for the brands Etnies, Emerica, Thirtytwo and Altamont Apparel. He is taking the place of Greg Cleghorn, who is returning to South Africa to develop his distribution business through Intende ...
