All Sporting Goods Intelligence articles in Volume 29, Issue 25-26 – Page 2
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News briefs
Zalando is bringing out an exclusive line of garments and...
Zalando is bringing out an exclusive line of garments and shoes for women in collaboration with Under Armour, covering training, yoga and other sports including running and boxing, with prices ranging from €44.95 for shirts to €129.95 for leggings. The partners are being aided on the marketing side by three ...
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News briefs
Blue Tomato is opening a store in the Swiss city...
Blue Tomato is opening a store in the Swiss city of Lausanne, its first one outside the German-speaking world. The new 350-square-meter store is scheduled for inauguration on Aug. 9. Based in Austria and owned by Zumiez, Blue Tomato specializes in the sale online and offline of products for snowboarding, ...
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News briefs
Clarus Corporation, the parent company of Black Diamond, improved its...
Clarus Corporation, the parent company of Black Diamond, improved its guidance, predicting a sales increase of between 20 and 23 percent this year and an adjusted Ebitda margin of about 8.5 percent, while reporting on a very strong second quarter. Sales went up by 50 percent to $45.9 million during ...
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Article
New tax on bicycles sold in Russia
Russia's Industry and Trade Ministry is seeking to subject bicycles, both imported and those manufactured in the country, to a so-called utilization fee starting from Oct. 1, 2019. The rate of the new tax is yet to be discussed with the Nature Ministry, said the press office of the Industry ...
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News briefs
Nike is moving its German office from Frankfurt to Berlin,...
Nike is moving its German office from Frankfurt to Berlin, according to Handelsblatt. Located in the so-called Bikini building on Breitscheidplatz, it would combine existing operations in the German capital including a showroom in Schöneberg. Berlin is one of the 12 key cities in the world where it wants to ...
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News briefs
Willi Jungen, who has been the Swiss country manager of...
Willi Jungen, who has been the Swiss country manager of Jack Wolfskin for 11 years, will become the chief executive of Snowlife, the Swiss producer of winter gloves, starting in September. He will take the place of Daniela Wenk, owner of the Swiss company, which is also the local distributor ...
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News briefs
Puma has signed up its first marquee-level basketball player, Terry...
Puma has signed up its first marquee-level basketball player, Terry Rozier of the Boston Celtics, as it gears up to launch its new range of basketball footwear in September, followed by a global rollout in 2019. Rozier announced on Twitter that he was leaving Nike for Puma, where he will ...
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News briefs
Dainese has received a Red Dot Design Award for the...
Dainese has received a Red Dot Design Award for the AWA M1 jacket from its winter collection and its Sportmodular helmet. The jury gave a “Best of the Best” mark to the jacket, noting that it is “impressive for its qualities, ideal for extreme outdoor activities.”
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News briefs
Columbia Sportswear's board of directors has authorized the company to...
Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, it ...
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Article
Decathlon buys Athleticum
Confirming reports in the Swiss media, Decathlon says it has agreed to take a majority stake in Athleticum, the third-largest integrated sporting goods retail chain in Switzerland and the fourth one including Intersport, with all its 23 stores and its 455 collaborators. The financial terms were not disclosed. While rebranding ...
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Article
Weakness in U.S. weighs on Asics
Weaker sales of Asics footwear in the U.S. and a clean-up of the distribution in Japan dragged down the Japanese group's sales in the first half of this year, and its profit was further reduced by investments for its own retail business.The Asics group's sales were down by 5.4 percent ...
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Article
Under Armour progresses with a clean-up
Under Armour returned to growth in North America and managed an ample sales rise in international markets in the second quarter, but its profitability was impacted by restructuring measures. The company has identified additional cutbacks and investments worth about $80 million, which should raise restructuring and related charges to between ...
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Article
Asics Europe improves in key areas
Asics suffered an underlying sales decline in Europe, the Middle East and Africa (EMEA) for the first half of this year, but the company said that the trend improved in the second quarter and that it has been making rapid progress in priority areas.As reported by the Asics group (see ...
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Article
Pentland appoints new top managers
Pentland Brands appointed last month three directors to head up its Team Sports business, which includes Canterbury and Mitre, as well as for Berghaus and its fashion footwear licenses, Ted Baker and Karen Millen. They all report to Andy Long, chief executive of Pentland Brands, who has been intent on ...
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Article
Another stellar quarter for Callaway
After a strong first quarter, Callaway Golf Company posted record results for the three months ended June 30. In particular, Ebitda soared by 62 percent from to the prior year's quarter to $85 million. The company said the international business remained strong, with all major regions reporting significant sales growth and ...
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News briefs
Eurojersey, the Italian-based specialist in warp-knit fabrics, has announced that...
Eurojersey, the Italian-based specialist in warp-knit fabrics, has announced that it intends to have the environmental impact of every single Eurojersey fabric certified by 2019. This new target adds to the company's overall sustainability program, which was launched back in 2007. Eurojersey posted revenues of €68 million in 2017, representing ...
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News briefs
Vans has partnered with the Van Gogh Museum in Amsterdam...
Vans has partnered with the Van Gogh Museum in Amsterdam on a capsule collection that incorporates elements from Van Gogh's paintings. These elements are integrated into Vans products including the Classic Slip-On, Old Skool, and Authentic shoes, as well as hoodies, tees, backpacks, bombers and hats. Each footwear model features ...
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Short stops
XXL Sports & Outdoor plans to open its fourth Austrian...
XXL Sports & Outdoor plans to open its fourth Austrian store on 4,000 sqm. in the autumn in the Seiersberg shopping mall near Graz
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Article
Mixed performance for Amer Sports
Weaker demand for ball sports products and fitness equipment from the Amer Sports group led to a dip in sales and an operating loss in the seasonally small second quarter, but its sales in the second half should be supported by a double-digit hike in orders of winter sports equipment, ...
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News briefs
A Norwegian firm, TriEye, has also developed a new system...
A Norwegian firm, TriEye, has also developed a new system that allows bike riders to keep an eye on what is going on behind them, improving road safety. It presented a new type of eyewear at the recent Eurobike show with an integrated rearview mirror. It can be fitted on ...
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