All Sporting Goods Intelligence articles in Volume 29, Issue 35-36
View all stories from this issue.
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Article
Nautilus posts mixed results
Fueled by double-digit growth in the retail segment, Nautilus' sales for the third quarter advanced by 3.3 percent to $91.1 million. However, the group's profitability declined significantly from the year-ago quarter. Sales the retail segment jumped by 14.9 percent to $39.2 million, with double-digit growth in both the mass retail ...
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Article
Karstadt and Kaufhof will push sport
Karstadt and Kaufhof are planning to pool their purchasing operations in the sporting goods sector and to boost their presence in the sporting goods market, according to reports in Textilwirtschaft that could not be confirmed by the time of going to press. The reports came out while the German Cartel ...
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Article
The weather impacts Zalando
Zalando's management blamed the protracted hot summer weather for a slowdown in its growth to a rate of 11.7 percent during the third quarter. It added that it will do its best to return to its longer-term target of annual sales growth of 20-25 percent during the fourth quarter, but ...
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News briefs
Hyperice Inc. has teamed up with the video-gamer and NFL...
Hyperice Inc. has teamed up with the video-gamer and NFL wide receiver JuJu Smith-Schuster to deliver its sports-recovery gear to elite e-sports athletes. The company's “Move” initiative, developed in partnership with Foundry IV, aims to alleviate the physical strains of video-gaming for more than 50 hours a week, which has ...
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Article
Wolverine rides higher
The divestiture of Sebago and the military business caused a 3.9 percent decline in sales at Wolverine Worldwide, down to $558.6 million, in its third quarter ended on Sept. 29. On a comparable basis, sales inched up by 0.5 percent, but they were up by 1.5 percent excluding the leather ...
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Article
Garmin posts strong results
Garmin posted strong results for the third quarter, with double-digit revenue growth in four of its five segments and double-digit growth in consolidated operating income. Total revenues were up by 8 percent to $810 million, with marine, aviation, fitness and outdoor collectively growing by 16 percent from the year-ago quarter ...
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Article
Newell sells Pure Fishing
Newell Brands has found a buyer for Pure Fishing, a constellation of fishing tackle brands that includes the likes of Abu Garcia, Berkley, Shakespeare and others, and Jostens. They were part of the former Jarden Corporation, which Newell bought in the spring of 2016. Other important assets like K2, Völkl ...
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News briefs
Virat Kohli has released his first sneaker, which is a...
Virat Kohli has released his first sneaker, which is a collaboration between his brand one8 and Puma. The unisex sneaker is called the Puma Basket Classic one8, and is a new interpretation of the Puma Basket Classic. The Indian international cricketer worked closely with Puma through the entire creative process. ...
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News briefs
Stephen Lopes, a shareholder of Fitbit, has filed suit in...
Stephen Lopes, a shareholder of Fitbit, has filed suit in North California District Court against the company, alleging that it made materially false and misleading statements and failed to disclose material adverse facts to investors from Aug. 2, 2016, to Jan. 30, 2017. Lopes alleges in particular that Fitbit overstated ...
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Article
Fila grows strongly
Fila Korea reported a 28 percent increase in total revenues to 725.9 billion Korean won (€562.9m-$644.3m), including the results of Acushnet, in which the group has held a 53 percent stake since 2016. Sales of the Fila brand shot up by more than 50 percent in the domestic Korean market ...
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Article
GoPro expects to return to profits
Thanks to a strong reception for its new Hero7 Black action camera, GoPro managed to narrow its net loss from $37.3 million for the second quarter of this year to $27 million for the third quarter. This led the management to say that it expects to achieve profitability in the ...
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Article
European sales stand out in a weak quarter for Mizuno
Weaker sales of sporting goods and golf in Japan led to lower sales and profits for Mizuno during the first half of its fiscal year, which will end next March 31. However, the company managed to turn things around in Europe, as indoor sports such as handball and volleyball boosted ...
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Short stops
Vibram is entering the Freeride World Tour by sponsoring Markus...
Vibram is entering the Freeride World Tour by sponsoring Markus Eder
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News briefs
Nike and the English Premier League have announced a six-year extension...
Nike and the English Premier League have announced a six-year extension to their existing partnership to the end of the 2024/25 season. The partnership, which started back in 2000, includes the official Premier League ball, of which the current ball is the 15th iteration. Under the deal, Nike will also continue ...
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News briefs
Kjus has launched the first ski jacket featuring an electronic,...
Kjus has launched the first ski jacket featuring an electronic, user-controlled textile membrane, which is said to move sweat away ten times faster than a conventional membrane. The garment is a jacket from the brand's 7Sphere skiwear collection. The jacket integrates a technology called Hydro Bot, developed by Osmotex, which ...
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Article
Dorel Sports’ profitability soars
Thanks to various cost-cutting measures implemented after a difficult financial year in 2017, Dorel Sports saw its operating profit for the third quarter ended on Sept. 30 increase to $7.0 million, up from $0.2 million for the third quarter of 2017. The gross margin improved by 1.2 percentage points to ...
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Short stops
Polartec says it has developed the first performance fleece specifically...
Polartec says it has developed the first performance fleece specifically designed for running apparel in collaboration with Tracksmith
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News briefs
Michael Jordan, the former NBA player and current owner of...
Michael Jordan, the former NBA player and current owner of the Charlotte Hornets, has joined other investors to raise $26 million in funding for Team Liquid. Founded in 2000, Team Liquid has a roster of more than 60 e-athletes who compete in professional tournaments worldwide in videogames like League of ...
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Short stops
Spyder has started to use Gore-Tex membranes with the current...
Spyder has started to use Gore-Tex membranes with the current autumn/winter collection
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News briefs
Patagonia has launched new fleece jackets for the current season...
Patagonia has launched new fleece jackets for the current season which use “woolyester,” a material which blends micro-polyester with recycled wool from the Prato region of Italy, in partnership with Calamai. Thanks in large part to the recycling process, the production of woolyester fleece is said to use 23 percent ...
