All Sporting Goods Intelligence articles in Volume 29, Issue 35-36 – Page 5
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Article
Pentland unveils new charity partners, all chosen by its staff
Pentland Brands has announced five new partnerships with charity organizations, based in both the U.K. and abroad, which will last until 2021. Pentland Brands is the name behind Speedo, Berghaus, Ellesse, Kickers and other well-known sports, outdoor and fashion brands. The new charities were all chosen by Pentland's employees, based ...
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Short stops
Fila has signed a sponsorship agreement with Sofia Kenin, a...
Fila has signed a sponsorship agreement with Sofia Kenin, a 19-year-old rising star of the Women's Tennis Association from the U.S.
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News briefs
Boardriders says that the judicial investigation of Pierre Agnes' mysterious...
Boardriders says that the judicial investigation of Pierre Agnes' mysterious death at sea last Jan. 30 was closed in June, concluding that it was due to an accident. The former chief executive of Quiksilver and Boardriders was given a Lifetime Achievement Award in an emotional ceremony on Oct. 5 before ...
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Article
Ispo Munich expands again
Ispo Munich will reach a high watermark of 200,000 square meters on Feb. 3-6, adding a further two halls – C5 and C6 – from last year's total of 16. The show is making plenty of room for meetings and networking.For 2019, the themes are “Health, Physical Activity and Sport,” ...
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Article
Fitbit’s shares soar after unexpected profit
Fitbit has created a surprise in the market by reporting an adjusted net profit for its third quarter, led by strong sales of its smartwatches, sending the price of its shares up by nearly 9 percent. Revenues inched up by 0.3 percent to $393.6 million, also topping Wall Street estimates.The ...
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Short stops
The second Fibo Global Fitness Africa fair, held in Johannesburg...
The second Fibo Global Fitness Africa fair, held in Johannesburg on Oct. 26-27, hosted more than 100 exhibitors and welcomed about 5,600 visitors
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News briefs
Sherpa Adventure Gear is launching a special limited collection of...
Sherpa Adventure Gear is launching a special limited collection of cardigans that use a 50-50 blend of yak wool and merino wool. The blend is said to be finer than cashmere. The sweaters are made one by one on looms by a women's collective in Nepal. Each sweater is numbered, ...
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Article
Adidas is performing well globally
The Adidas Group is predicting a global sales increase of between 8 and 9 percent in local currencies for the current financial year, down from a previous forecast of 10 percent, due to continued lower-than-expected sales results in Western Europe. However, it has revised upwards its expectations for profitability, predicting ...
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Article
More signs of fatigue for Adidas in Europe
After a strong rally between 2015 and 2017, the Adidas brand has performed so far this year less well in Europe generally than Nike, Puma or Under Armour. In the third quarter, its sales in Western Europe were off by one percent in euros and by two percent in constant ...
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News briefs
Adidas has filed suit in South Florida District Court against...
Adidas has filed suit in South Florida District Court against a further 200 websites for the sale of counterfeit Yeezy, Adidas and Reebok shoes. It is seeking the seizure of their domains, the scrubbing of their URLs from search engines and $2 million in statutory damages per defendant.
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News briefs
Adidas is said to be close to signing a record-breaking...
Adidas is said to be close to signing a record-breaking €1.1 billion sponsorship contract with the Real Madrid club for the next ten years. The deal would guarantee a minimum of €110 million per year, up strongly from the current fee of €38.7 million and way above the €85 million ...
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News briefs
Runtastic, the mobile fitness company owned by Adidas, has announced...
Runtastic, the mobile fitness company owned by Adidas, has announced that its co-founder and chief executive, Florian Gschwandtner, will withdraw from operational management and leave the company, effective Dec. 31, 2018. He has been with the start-up for nearly ten years. Alfred Luger and Christian Kaar, respectively chief financial officer ...
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News briefs
Rossignol has added Marina Martínez Lobo of Alicante, Spain, to...
Rossignol has added Marina Martínez Lobo of Alicante, Spain, to its roster of athletes this year's World Padel Tour. Aged 15, Martínez Lobo has already been a junior and multiple-time regional champion in paddle tennis. In 2017 she was world champion for Spain in the under-14 category.
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Article
Titleist golf clubs and balls drive Acushnet’s results
Acushnet posted another set of strong results for the third quarter, thanks to strong sales of Titleist golf clubs and balls, particularly the newly introduced AVX premium performance golf balls. The company said that Titleist Pro V1 golf balls continue to lead the field, accounting for 73 percent of balls ...
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News briefs
After acquiring the bankrupt House of Fraser chain of department...
After acquiring the bankrupt House of Fraser chain of department stores for £90 million (€101.3m-$115.4m), Sports Direct International has bought the Evans chain of bike shops in the U.K., which recently fell into administration (a form of bankruptcy) for £8 million (€9.0m-$10.3m). SDI will keep about half of Evans' 62 ...
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News briefs
CORRECTION: According to SportsPro, Nike has hired Jian Zihao, expert...
CORRECTION: According to SportsPro, Nike has hired Jian Zihao, expert player of the videogame League of Legends, as an “influencer” to promote LeBron James's “Shut Up and Dribble” ad campaign. It has not signed him to an athletic endorsement deal.
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News briefs
Rapha, the British maker of cycling apparel and accessories, opened...
Rapha, the British maker of cycling apparel and accessories, opened an office in Spain last month. The office is located in the Science and Technology Park of Gijon, in Asturias, the birthplace of professional cyclists Chechu Rubiera and Samuel Sánchez. Rapha is reportedly looking to establish an e-commerce team there.
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Article
Pon is buying into Accell Group
Pon Holdings announced a week ago a bid for a 20 percent stake in its major Dutch competitor, the Accell Group, adding that it had already bought a 5.1 percent interest from one of its shareholders.Pon said it wanted to be only an “important” minority shareholder in Accell, developing “constructive” ...
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News briefs
A draft report has surfaced about investigations being carried out...
A draft report has surfaced about investigations being carried out in Brussels into dumping practices and subsidies for e-bikes made in China, according to MLex, a press agency covering regulatory news in the U.S., Europe, Southeast Asia and Australia. The draft reportedly recommends anti-subsidy duties of up to 16.14 percent ...
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News briefs
Vista Outdoor reported a 7 percent drop in total sales...
Vista Outdoor reported a 7 percent drop in total sales to $547 million in the second quarter ended on Sept. 30. Excluding the eyewear brands that it has just divested, sales were flat in the Outdoor Products segment, which includes Camelbak, Camp Chef and other brands. The group recorded a ...
