All Sporting Goods Intelligence articles in Volume 30, Issue 37-38 – Page 5
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Article
XXL maps out new strategies after another weak quarter
Releasing poor results for the third quarter, after months of difficulties, XXL ASA, the leading Nordic sports retailer based in Norway, has come up with a new strategy to present along with its latest results. The management said that it is disappointed over the sales trend and losses in market ...
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Article
Puma upgrades its outlook after record results
True to its current mission statement, “Run Faster,” Puma has again upgraded its forecast for the 2019 financial year. It had first predicted a sales increase of around 10 percent at constant exchange rates for the year. It changed that in July to a growth of about 13 percent. After ...
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News briefs
After a successful pilot project last year with three pop-up...
After a successful pilot project last year with three pop-up stores in major Canadian shopping malls, Manitobah Mukluks, the indigenous shoe brand from Winnipeg, Manitoba, is launching an aggressive retail expansion in Canada, raising the number of stores to 18. Manitobah Mukluks was founded in 2008 by Sean McCormick, an ...
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News briefs
Swiss-Ski's teams for ski-cross, aerials and moguls received their new...
Swiss-Ski's teams for ski-cross, aerials and moguls received their new apparel for the 2019/20 season at the end of October. The athletes and their outfitter, Schöffel, have decided to set an example for sustainability. Instead of ordering new thermal clothing, Swiss-Ski will be competing with the Schöffel products from last ...
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Article
Adidas speeds up
In line with the management's forecast, the Adidas Group accelerated on the sales front in the third quarter, posting a currency-neutral sales increase of 6 percent, compared with year-on-year increases of 4 percent in the first and second quarter, and the progress is expected to continue in the fourth quarter. ...
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Article
Adidas opens a digital flagship in London
Adidas has opened a new flagship store, which it calls Adidas LDN, covering 27,000 square feet on four levels on Oxford Street in London, opposite the main department store of Selfridges. The site offers a unique, immersive customer experience. According to the company, it is the most digital Adidas store ...
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News briefs
Crocs has made the Indian actress Priyanka Chopra Jonas one...
Crocs has made the Indian actress Priyanka Chopra Jonas one of the global brand ambassadors for its four-year-old “Come as You Are” campaign, which urges people to be comfortable in their shoes. Other actresses on that list include Zooey Deschanel of the U.S., Suzu Hirose of Japan, Kim Sejeong of ...
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News briefs
Dahu, the Swiss brand of ski boots recently acquired by...
Dahu, the Swiss brand of ski boots recently acquired by the Swiss company NB NewBoots, has engaged Progression Brands Group (PGB), the Minnesota-based equity investment and operating company, as its global operating partner. As a part of the partnership, PGB has appointed Clark Gundlach as executive director of Dahu and ...
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Article
Google is set to acquire struggling Fitbit
Fitbit increased its deficit for the third quarter of the year, posting a net loss of $51.9 million compared with a net loss of $2.1 million a year ago, which was in line with analysts' expectations. The additional red ink flowed shortly after the announcement that Google has agreed to ...
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News briefs
According to CMDsport, JD Sports has now surpassed Foot Locker...
According to CMDsport, JD Sports has now surpassed Foot Locker to become Spain's number-one retailer of sneakers in total doors. Since early 2018, JD has increased its points of sale in Spain by 45 percent, from 40 to 58 stores. Eight of these have opened this year: in Valladolid, Algeciras, ...
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News briefs
According to the The Wall Street Journal, prosecutors at the...
According to the The Wall Street Journal, prosecutors at the U.S. Justice Department, with help from civil investigators at the U.S. Securities and Exchange Commission (SEC), are investigating the books at Under Armour. The Baltimore-based sports-apparel brand is alleged to have embellished its results by shifting sales from quarter to ...
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News briefs
According to the International Trade Commission (ITC), the Twinkle Toes,...
According to the International Trade Commission (ITC), the Twinkle Toes, Bobs, Daddy'$ Money and Hydee Hy-top collections produced by Skechers do not infringe Nike's trademark on the Converse Chuck Taylor midsole. The judge in the case, Charles E. Bullock, has further found that the midsole trademark had not acquired its ...
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News briefs
According to The Guardian, the Technical Commission of the IAAF...
According to The Guardian, the Technical Commission of the IAAF (International Association of Athletics Federation) has appointed a working group of two former athletes and experts in science, ethics, footwear, biomechanics and law to review Nike's Vaporfly running shoes for possible competitive advantages that would run counter to its regulations. ...
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News briefs
Natch!, the German brand for sports accessories that belongs to...
Natch!, the German brand for sports accessories that belongs to BNS, has launched a new insole for autumn/winter. Called Thermo Soft, the insole is for trekking, skiing and running and is made with PrimaLoft Gold Eco, an insulating material 90 percent of which consists of recycled fibers from plastic bottles. ...
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News briefs
Nicky Spinks, the Inov-8 brand ambassador, and her running partner,...
Nicky Spinks, the Inov-8 brand ambassador, and her running partner, Stephanie Case, were the women who endured the longest at this year's Barkley Marathons. For the second year in a row, no one finished the race. Indeed, since its inaugural edition in 1986, only 15 runners – all of them ...
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News briefs
Formosa Taffeta will acquire a 50 percent stake in Schoeller...
Formosa Taffeta will acquire a 50 percent stake in Schoeller Textil in March of next year, after receiving the approval of its board of directors. The companies have been partners in the Hong Kong-based joint-venture Schoeller FTC for 18 years. According to the Taipei Times, Formosa plans to invest up ...
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Article
Champion aims for $3 billion in sales
Hanesbrands reported a 26 percent boost in global sales of the Champion brand on a constant-currency basis in the third quarter ended on Sept. 28, excluding its C9 sub-brand for the U.S. mass market, which is being gradually phased out. The brand's sales grew by 29 percent in the U.S. ...
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Short stops
Intersport will be supporting the 29-year-old extreme athlete Anja Blacha...
Intersport will be supporting the 29-year-old extreme athlete Anja Blacha from Bielefeld, Germany, for her 60-day, 1,400-km solo expedition to the South Pole
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Short stops
On Oct. 26, Absolute Teamsport Rhein-Main opened a sixth store...
On Oct. 26, Absolute Teamsport Rhein-Main opened a sixth store under Sport 2000's new Absolute banner at the Main Park Center in Mainaschaff, Germany
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News briefs
Sportmarken24, the online portal for independent retailers, has been cooperating...
Sportmarken24, the online portal for independent retailers, has been cooperating with About You, the online retailer and subsidiary of the Otto group, since October. Sportmarken24 was launched in February 2018 by Dominik Benner, a German shoe retailer and former member of ANWR's supervisory board who has been very successful with ...
