All Sporting Goods Intelligence articles in Volume 30, Issue 25-26
View all stories from this issue.
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Article
Third-party sales weigh on Rapala’s revenues
Sluggish sales of third-party products distributed by Rapala VMC in Europe hit the Finnish-based group's revenues for the first half of the year. The company's sales edged down by 1 percent from the year-ago period to €141.2 million, or by 2 percent in constant currencies. Operating earnings tumbled by 25 ...
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Article
Lower sales but higher margins for XXL
XXL ASA posted mixed results for the second quarter, with lower revenues but higher profit margins. As previously reported, the leading sports retailer in the Nordic countries is going through difficult times, admitting that it ended up losing money at the end of 2018 because of poor execution and overly ...
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News briefs
Nike has re-opened its store in Tokyo's Harajuku neighborhood, at...
Nike has re-opened its store in Tokyo's Harajuku neighborhood, at 1 Chome-13-12 Jingumae, Shibuya City. The refurbished location features enhanced services, including a dedicated Nike Women's floor. Additionally, customers can now reserve and scan products and benefit from instant checkout, among other new services, all through Nike App at Retail, ...
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Article
Shimano lowers its guidance
Shimano has lowered its full year outlook slightly after lower-than-expected sales and earnings for the six months to July 29. The company's net income declined by 10.6 percent from the year-ago period to 24,800 million yen (€204.7m-$228.4m) on 4.1 percent sales of ¥181,900 million (€1.5bn-$1.7bn). For the full year 2019, ...
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Article
Slower growth for Thule
After a very strong start of the year, the Thule Group said that it grew at a slower pace in the second quarter. In constant currencies, the Swedish-based company's revenues grew by 3.0 percent from the year-ago period to 2,311 million kronor (€219.7m-$247.1m), hampered by currency headwinds. Its operating ...
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Article
Tacx helps Garmin to reach record results
Lifted by its recent acquisition of the Tacx brand of cycling accessories and by gains in running, Garmin 's revenues for the second-quarter ended on June 29 reached a record level of $955 million, an increase of 7 percent over the year-ago quarter. The company has raised its outlook for ...
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News briefs
Vans has launched its loyalty program, Vans Family, in the...
Vans has launched its loyalty program, Vans Family, in the U.K. The casual-footwear brand introduced the program in the U.S. in February 2018. Since then, the platform has signed up more than eight million members, who receive access to exclusive contests, sneak previews of upcoming releases and other experiences.
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News briefs
Young Europeans are ready to pay more for products that...
Young Europeans are ready to pay more for products that are made in a sustainable manner. According to a survey by Spinnova, a Finnish bio-yarn producer, 61 percent of respondents among Europeans aged 18-30 said that they would pay more for a sustainable piece of clothing, while 41 percent would ...
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Short stops
Fesi, the European Sporting Goods Industry Federation, is planning to...
Fesi, the European Sporting Goods Industry Federation, is planning to organize a high-level conference on sport and digitalization at the Microsoft Innovation Center in Brussels on Dec. 5
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News briefs
StockX, the e-commerce platform focusing on the sneaker resale market,...
StockX, the e-commerce platform focusing on the sneaker resale market, is launching an Italian version of its app and website. StockX was founded in Detroit in 2016, and made its European debut in October 2018.
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Article
E-bikes power Giant and Merida
Accell's results came after those of two Taiwanese competitors, Giant Manufacturing and Merida Industry, which also reported a steady growth of e-bikes sales during the first six months of this year. Last May, a Giant spokesman had announced that the company expected “a continuously robust” demand for electric bikes on ...
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News briefs
Garmin has opened a new directly operated store at a...
Garmin has opened a new directly operated store at a shopping center in Madrid called Plaza Norte 2. It's the brand's second store in Spain, after the one it opened in Barcelona last September.
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Article
A difficult year for Sports Direct
Sports Direct International's shares dropped sharply as investors worried about the strength of the group's core business following delayed and disappointing results for the full fiscal year ended April 28, compounded by new resignations. SDI's finance director, Jon Kempster, will leave in September after two years in the job to ...
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News briefs
Didriksons has recently invested in a new headquarters in Borås, Sweden,...
Didriksons has recently invested in a new headquarters in Borås, Sweden, as well as in a new warehouse. The Swedish brand of rain and functional apparel was taken over in August 2018 by Adelis Equity Partners, an investment fund that acquired a majority stake from another fund managed by Herkules Capita. The parent company ...
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News briefs
Lotto Sport Italia has signed endorsement deals with two Spanish...
Lotto Sport Italia has signed endorsement deals with two Spanish pádel champions, Franco Stupaczuk and Matías “The Warrior” Diaz Sangiorgio. The two athletes have been partners on the World Pádel Tour (WPT) since last year. Diaz, 40, has been a professional player for 13 years and has won seven WPT ...
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News briefs
Puma has signed a long-term endorsement deal with Karsten Warholm,...
Puma has signed a long-term endorsement deal with Karsten Warholm, the current world champion in the 400-meter hurdles. Now 23, the Norwegian athlete began with the octathlon and decathlon, winning gold at the World Youth Championships in 2013 and silver at the European Junior Championships of 2015 before taking the ...
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News briefs
Fanatics has signed a long-term partnership deal with the Union...
Fanatics has signed a long-term partnership deal with the Union of European Football Associations (Uefa) that will see the company handle the merchandising and official fan shop for the events of Uefa's national teams. The deal is set to cover the Euro 2020 tournament, the Nations League Finals, the European ...
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News briefs
The District Court of Dortmund ordered the opening of insolvency...
The District Court of Dortmund ordered the opening of insolvency proceedings and the continuation of Sport Voswinkel's self-administration on July 25. Sport Voswinkel is a chain of 72 stores throughout Germany. It has been a member of Intersport Germany since 1989 and a subsidiary of the voluntary group since 2003. ...
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News briefs
Pierre Cote is stepping down as general manager of Tecnica...
Pierre Cote is stepping down as general manager of Tecnica Group Canada after 26 years with the company. Antonio Dus, chief executive of Tecnica Group SpA, the parent of Tecnica Group Canada, has decided that the time is therefore right to restructure the Canadian leadership. The overall group has already ...
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Article
Puma continues to gain market share
The Wild Cat keeps on running faster than its two biggest rivals. After growing by 15.3 percent in the first quarter of 2019, its sales leaped forward by 15.7 percent in local currencies during the second quarter, reaching a level of €1,227 million for the period. The growth was broad-based, ...
