All Sporting Goods Intelligence articles in Volume 28, Issue 26-27 – Page 5
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News briefs
A.S. Adventure, the big European outdoor retailer based in Belgium...
A.S. Adventure, the big European outdoor retailer based in Belgium that already owns several other chains including Bever in the Netherlands and Cotswold Outdoor and Snow + Rock in the U.K., has signed a deal for the takeover of McTrek Outdoor Sports, a proftable German chain of 39 outdoor shops, ...
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Short stops
Adidas has completed the sale its CCM Hockey business to...
Adidas has completed the sale its CCM Hockey business to Birch Hill Equity Partners
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News briefs
Adidas and Concepts, a progressive American streetwear retailer, a few...
Adidas and Concepts, a progressive American streetwear retailer, a few days ago launched a co-branded boutique at 73 Newbury Street, in downtown Boston. Featuring a minimalist design, the 1,500-square-foot store will offer trendy Adidas sneakers and performance shoes along with Concepts clothing. It will host art installations, DJs and other ...
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News briefs
Adidas has announced that it is the new outfitter of...
Adidas has announced that it is the new outfitter of Laura Ludwig and Kira Walkenhorst. The duo of German beach volleyball players won the gold medal at the Rio Olympics in 2016. Adidas will be sponsoring them in view of the 2020 Olympics in Tokyo, and additional joint projects will ...
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Article
Acushnet lowers its full-year sales guidance
Acushnet has revised down its sales guidance for the full year following a drop in revenues for the second quarter of 2017, mainly caused by weak sales of Titleist golf balls and clubs. Sales were down by 7.6 percent to $428 million, or by 6.6 percent on a constant-currency basis. ...
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News briefs
Active Brands has announced its continued commitment to Johaug, its...
Active Brands has announced its continued commitment to Johaug, its women's sportswear brand, in spite of an 18-month suspension competition decreed for Therese Johaug, the Norwegian cross-country skiing star who the brand is named after. She was recently banned from competition by a judge following a doping charge, but the ...
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Article
VF Corp. will acquire Dickies
VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...
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Article
Foot Locker’s abrupt drop raises questions
Are traditional brick-and-mortar sports retailers like Foot Locker losing market share to sneaker shops or pure players in the e-commerce space like Amazon or Zalando? Or is the strong athleisure trend of the last few years suddenly losing steam, at least in the athletic footwear retail sector, where Foot Locker ...
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News briefs
Nike is about to release a version of its Air...
Nike is about to release a version of its Air Max 97 shoe featuring Swarovski crystals, as part of the celebrations for the 20th anniversary of the iconic sneaker. The Swarovski crystals are embedded into the upper of the shoe. It is the first time that Nike Women has used ...
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News briefs
Standard Life Aberdeen of Edinburgh and other major independent shareholders...
Standard Life Aberdeen of Edinburgh and other major independent shareholders in Sports Direct International said on Friday that they will vote against the re-election of Keith Hellawell, chairman of the company, and Simon Bentley, one of its directors, at the company's annual meeting scheduled for next Wednesday. They are also ...
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Short stops
Standard Life Aberdeen of Edinburgh, which is one of the...
Standard Life Aberdeen of Edinburgh, which is one of the major independent shareholders in Sports Direct International, has reached a 5.09% stake in JD Sports Fashion
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Article
361° expands in Europe
Founded in 2003, the Chinese sports brand has already become the No. 2 sports brand in Asia. It still has a minimal presence in Europe, but it is expanding strongly in the specialized running shoe retail market with the help of new agents and distributors. The number of points of ...
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News briefs
Nike has teamed up with Virgil Abloh, the 36-year-old American...
Nike has teamed up with Virgil Abloh, the 36-year-old American designer, on ten collaborative footwear silhouettes. The collection, named “The Ten,” reimagines ten classic shoes, and is divided into two themes – “Revealing” and “Ghosting.” The collection comprises the Nike Air Max 90, Air Jordan I, Nike Air VaporMax, Nike ...
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Article
361 Degrees posts a 22.5% Ebit margin
361 Degrees, which has recently entered the European market, saw its gloabl revenues for the first six months of the year rise by 9.5 percent over the year-ago period to 2,791 million yuans renmimbi (€355.4m-$419.0m).The Chinese sportswear manufacturer said it benefited from higher orders placed at its own trade fairs ...
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News briefs
Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
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News briefs
Taipei Cycle 2018 will be held from the end of...
Taipei Cycle 2018 will be held from the end of October to the beginning of November. The re-scheduling of the show will lead to a split with TaiSpo, which is still scheduled for March 8-10 next year. For the first time since 2011, the two events will be held separately. ...
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News briefs
Gary Bryant, who has been with Amer Sports for 14...
Gary Bryant, who has been with Amer Sports for 14 years, is going to serve as general manager for its cycling division, which includes Mavic and Enve, following the resignation of Bernard Millaud, who has led it for 15 years. Bryant, who is a British citizen, has served most recently ...
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News briefs
Giant Manufacturing saw its comprehensive net income jump by 137...
Giant Manufacturing saw its comprehensive net income jump by 137 percent to 1,129.7 million Taiwan dollars (€31.6m-$37.5m) in the second quarter. Excluding a foreign currency gain of NT$ 962 million (€26.9m-$31.9m) and other extraordinary items, profits slipped by 19 percent to NT$ 677.7 million (€19.0m-$22.5m) as revenues fell by 9 percent to ...
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Short stops
The German bike market is predicted to rise by 12%...
The German bike market is predicted to rise by 12% this year, with e-bikes taking over at least 65% of the turnover, up from 33% two years ago
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News briefs
Ping Europe has been fined £1.45 million (€1.7m-$1.9m) by the...
Ping Europe has been fined £1.45 million (€1.7m-$1.9m) by the U.K.'s Competition and Markets Authority (CMA) for preventing two British retailers from selling its golf clubs on their websites. The CMA has required Ping to stop the ban and to avoid any equivalent ban on other retailers. According to the ...
