All Sporting Goods Intelligence articles in Volume 29, Issue 25-26
View all stories from this issue.
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Article
Shimano’s profits soar
After a difficult 2017, Shimano performed better in the first half of 2018, with profits rocketing by almost 50 percent. The company said that personal consumption trends across most of its markets were generally positive, and Shimano took advantage of them by trying to attract consumers with a stream ...
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News briefs
Netflix has taken an option on the movie rights for...
Netflix has taken an option on the movie rights for Phil Knight's autobiography, Shoe Dog. Nike's founder will work with Frank Marshall, a producer nominated for the Academy Awards, to put out the film. The script is being developed, but no timetable has been given for the release of the ...
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News briefs
Mitre will take the place of Nike as the supplier...
Mitre will take the place of Nike as the supplier of the official ball for the English Football Association for the next three years, starting with the 2018/19. The team sports brand owned by thePentland Group had already started in 2014 a four-year deal with the English Football League, supplying ...
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Article
Two top managers leave UA for Nike and TNF
Adrienne Lofton , who has served at Under Armour for the past nine years as senior vice president and global head of brand management, is leaving the company to join Nike , according to a report in Adweek, partly confirmed by a posting on Instagram . Her future ...
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News briefs
Schöffel has opened an office in Hanoi, Vietnam, in order...
Schöffel has opened an office in Hanoi, Vietnam, in order to strengthen its relations with production partners in Southeast Asia. Until now, Schöffel's employees were traveling to see them in Vietnam and other countries for a constant exchange of information. The majority of Schöffel's products are made in Vietnam. Through ...
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News briefs
A group of ten investors has set up a new...
A group of ten investors has set up a new market research consultancy in the U.K., the SMS Sports Consulting Group chaired by Stephen Proctor, founder and president of SMS Marketing Surveys. The investors, who include SMS and other consultants with expertise in golf, tennis, rugby and football, sports tourism, ...
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Article
GoPro sees profits on the horizon
GoPro reported a net loss of $37.3 million for the second quarter, up from $30.5 million in the same period of 2017, and the gross margin fell by 6.1 percentage points to 29.5 percent. However, the management said it expects to generate a profit in the second half of ...
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Article
Garmin’s fitness segment sees sales rocket
Garmin 's fitness segment had a stellar second quarter, with a 24 percent increase from the year-ago quarter to $225.1 million In contrast, sales in Garmin's so-called outdoor segment improved by 4 percent to $201.6 million with all product categories contributing to the growth. The gross margin in this segment ...
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News briefs
Micam, the world's leading footwear exhibition held in Milan twice...
Micam, the world's leading footwear exhibition held in Milan twice a year, has decided to stage for the first time a consumer event for sneaker fans, targeting millennials, in 2019. Inspired by sneaker conventions like the Complexcon festival in Los Angeles or Atlanta's KixFair, Micam's “Plug-Mi, The Sneakers Culture Experience” ...
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News briefs
Heinz Kettler, the leading German manufacturer of home fitness equipment...
Heinz Kettler, the leading German manufacturer of home fitness equipment and other products, filed for self-managed insolvency in mid-July after the company's foundation declined to endorse a sale of the company to an investment firm, Altera Capital. According to German press reports, the foundation disagrees with certain clauses in the ...
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News briefs
The European Platform for Sports Innovation (EPSI) plans to hold...
The European Platform for Sports Innovation (EPSI) plans to hold its annual conference in Ghent, Belgium, on Oct. 25 and 26, with the support of Pinnacle and Ghent University Victoris. In June, the organization has reached its goal of doubling the number of members in one year. Continuing to provide ...
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Article
Moncler posts double-digit sales and profit increase
Moncler posted consolidated revenues of €493.5 million in the first half of 2018, up by 21 percent at current exchange rates as compared to the first half of last year. On a currency-neutral basis, Moncler's growth reached 27 percent. The turnover was lifted by the group's sales in Asia, ...
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Article
Dorel Sports improves in the second quarter
Improved weather conditions and the introduction of new bike models by Cannondale and GT Bicycles helped Dorel Sports to record a 7.4 percent sales increase for its continuing operations to $224.5 million in the second quarter of this year, with growth of 6.5 percent in local currencies. ...
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News briefs
As a first step in its divestiture plan, last month...
As a first step in its divestiture plan, last month Vista Outdoor sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for $158 ...
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News briefs
Yue Yuen warns that it expects to report first-half declines...
Yue Yuen warns that it expects to report first-half declines of 5.5 percent in revenues and about 40 to 45 percent in profits for its manufacturing operations. The lower revenues are attributed to fluctuating order patterns and an unfavorable product mix. The drop in profits for the period ended June ...
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Short stops
Sergio Tacchini is launching a special line of tennis clothing,...
Sergio Tacchini is launching a special line of tennis clothing, designed for the the sponsored athletes who will compete at Flushing Meadow from Aug. 28
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Article
Puma’s deal with Manchester City is international
Puma is joining Nike and Adidas in the big league of English football sponsors through a deal reportedly worth £50 million (€55,9m-$64,8m) per year that will cover the Manchester City football club as well as three other clubs owned by the City Football Club ...
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Article
Champion grows strongly
The Champion brand rose by 18 percent in the second quarter globally, with growth of 16 percent in constant currencies . Without giving a specific figure for the revenues generated by the brand, the management of its parent company, Hanesbrands , confirmed its goal of reaching annual sales of ...
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Article
Puma catches up with the bulky footwear trend
Confirming the agility of its processes, the Wild Cat managed to lift its sales by 15 percent in constant currencies and to raise its profit margins in the second quarter of 2018, as it reacted rapidly to a shift in consumer demand for bulkier footwear . Bjørn Gulden , Puma ...
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Short stops
Macron has extended its sponsoring contract with the Budapest Honvéd...
Macron has extended its sponsoring contract with the Budapest Honvéd Football Club through the 2022/23 season
