All Sporting Goods Intelligence articles in Volume 29, Issue 27-28
View all stories from this issue.
-
Article
Sportmaster starts tagging shoes in Russia
Sportmaster, the leading Russian sporting goods retailer, has agreed to become one of the six companies participating in a pilot project of placing RFID tags on shoes sold in the country, showing the origin of the goods and certifying that they are not counterfeits. The retailer has already registered itself ...
-
Article
Netshoes withdraws from Mexico
Netshoes, the largest sports and lifestyle online retailer in Latin America, has agreed to sell its operations in Mexico to Grupo Sierra Capital, a private equity fund with investments in Mexico, the Caribbean and Central America. Based in Brazil, where it still does most of its business, Netshoes said the ...
-
News briefs
Vista Outdoor's management indicated that it will likely sell its...
Vista Outdoor's management indicated that it will likely sell its Savage brand of firearms before the planned divestiture of its sports protection unit, which includes Giro, Bell and Blackburn. As previously reported, it has already signed an agreement for the sale of Bollé, Cébé and Serengeti to an investment fund, ...
-
Article
Wolverine’s “way forward” is working out
Wolverine Worldwide is again actively looking for additional brands to acquire, not only in the footwear sector, but also in apparel and leathergoods, with a preference for the women's segment , where it is relatively under-represented. The multiples requested by the sellers have increased, said Blake Krueger , chairman, ...
-
Article
Major Russian food retailer will sell skis
Maria-Ra, one of the biggest grocery retailers in Siberia, said it plans to start selling skis and other ski equipment under its own brands in more than 1,000 stores later this year, after talking to several Russian ski manufacturers. The products are likely to belong to the budget segment of ...
-
Short stops
Polartec said it will show for the first time at...
Polartec said it will show for the first time at Première Vision, the big textile show in Paris, on Sept. 19-21, to make a statement in what it calls the “tech casual” segment
-
Article
Fila is faring well
Positioned as a leading authentic sports brand with an Italian heritage and riding on a strong retro trend, Fila has seen its revenues grow at a double-digit rate in many countries, judging from the financial report issued by the Korean owner of the Italian brand, Fila Korea, for the second ...
-
Article
Record sales and earnings for Johnson Outdoors
Thanks to strong sales of warm-weather outdoor recreation products, Johnson Outdoors posted record profits and sales for its third fiscal quarter ended June 29. In particular, the company said it recorded unprecedented growth in its flagship fishing brands, which it attributed to a focus on consumer-driven innovation. Total revenues jumped ...
-
Article
Mizuno sees drop in profits and revenues
Weaker sales in running shoes and other categories led to a decline in sales and profits for Mizuno for its first quarter ended June 30. Revenues dropped by 6.9 percent from the year-ago quarter to 42.8 billion yen (€338m-$386m), weighed down by weak sales in the running category, especially in ...
-
News briefs
With a double-digit sales increase for the second quarter and...
With a double-digit sales increase for the second quarter and the first half ended June 30, Europe outperformed other markets for Giant Manufacturing Co., thanks to the strengthening demand for e-bikes. Sales remained soft in China, although the company was encouraged by an increase in high-end carbon bikes in the ...
-
News briefs
Hubert Schöffel, a pioneer of the outdoor industry, died at...
Hubert Schöffel, a pioneer of the outdoor industry, died at the age of 88 on Aug. 8. He played a major role at the German family-owned producer of outdoor and ski clothing, which recently celebrated 50 years in the outdoor sector. Hubert Schöffel ran the family business for three decades. ...
-
Article
Decathlon and Kant expand their cooperation
All of Decathlons' new stores in Russia will be housing Kant shops-in-shops, said a Russian news agency, Fashion United, citing sources at both companies. The agency quoted Olga Padeyskaya, marketing director of Kant as saying that, although “in the very beginning nobody believed” in the joint project, the collaboration between ...
-
Article
Zalando comes out of the red
Zalando managed to book a net profit of €51.8 million for the second quarter of this year, up from $47.4 million in the second quarter of 2017, after taking in a loss of €15 million in the first quarter of this year. While the operating margin fell slightly to 7.1 ...
-
Article
Crocs closes plants, goes more digital
Boosted by double-digit growth in e-commerce, Crocs ' results for the second quarter exceeded its own guidance and financial analysts' projections. They led to an improved forecast for the full financial year, with the management predicting adjusted Ebitda of $95 million and low single-digit growth in sales to at least ...
-
Article
China Dongxiang invests in own stores
China Dongxiang's investments in its own retail business have helped to raise the turnover of the Chinese sportswear company by 14.4 percent to 772 million yuan renminbi (€98.4m-$112.2m) for the first half of this year, but increased costs and an inventory clean-up have led to a slump in profits. The ...
-
News briefs
Nicolas Warchalowski is stepping down from his CEO position at...
Nicolas Warchalowski is stepping down from his CEO position at Peak Performance after four years at the helm of the company. Under his management, the Swedish brand that belonged to the Danish IC Group underwent strategic changes that boosted its revenues and profit margins. As previously reported, Peak Performance was ...
-
News briefs
Converse is set for a global launch of a capsule...
Converse is set for a global launch of a capsule collection of unisex sneakers, apparel and accessories for children and adults featuring the iconic characters of Hello Kitty. The Japanese characters will appear on three vintage shoe styles: the Chuck Taylor All Star, the Church 70 and the One Star. ...
-
Article
VF to spin off denim business
VF Corporation is preparing to split into two independently traded companies through the proposed spin-off of its jeans division to its own shareholders, forming a more focused outdoor, action sports and workwear business based in Colorado. The owner of Vans, The North Face, Timberland, Icebreaker and several other sports and ...
-
News briefs
Burton and Nitro, two leading snowboarding companies, have joined the...
Burton and Nitro, two leading snowboarding companies, have joined the European Outdoor Group (EOG), widening the remit of the organization. Burton and Nitro have both become full members, and Salomon is adding its snowboard business to its existing membership. The EOG said that this highlights the alignment and synergy between ...
-
Article
Online retailing and young brand push Li Ning sales
Online sales and the expansion of the Li Ning Young brand were key drivers behind a sales jump of 17.9 percent to 4,712.8 million yuan renminbi (€600.5m-$685.2m) for Li Ning Company in the first six months of this year, which led to a 42 percent rise in profit attributable to ...
