All Sporting Goods Intelligence articles in Volume 30, Issue 39-40 – Page 6
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News briefs
After divesting Courir, its chain of athletic footwear stores, the...
After divesting Courir, its chain of athletic footwear stores, the Go Sport Group has entered negotiations to sell off its Go Sport Montagne franchise to Skiset, a group founded in 1994 that is now operating 900 ski-rental stores internationally. Go Sport launched the franchise three years ago as a complement ...
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News briefs
Stadium has given up in its expansion into Germany after...
Stadium has given up in its expansion into Germany after five years on the market and is closing its only three stores in the country, all located in Hamburg. The management of the Swedish sports retailer mentioned a difficult market situation combined with high rents. In addition to Sweden, Stadium ...
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News briefs
Hi-Tec Sport South Africa will welcome Gary de Vogel as...
Hi-Tec Sport South Africa will welcome Gary de Vogel as its new chief executive in December. The current CEO, Mickey Mallet, will depart to pursue new property-development projects. Mallet has worked for High-Tec for 28 years, holding the CEO position for 15 years. De Vogel has a strong financial background, ...
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Article
Delays affect GoPro’s results
Production delays pushed deliveries of GoPro’s new Hero8 cameras into the fourth quarter, leading the company to record weak results for the third quarter, but the drop was lower than what GoPro and the financial community had predicted. Revenues tumbled by 54.1 percent to $131.2 million, while the gross margin ...
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Article
China tariffs affect Thule
The additional 15 percent duties imposed by the U.S. in July on a variety of products coming from China have led several U.S. retailers to reduce their inventories and to some extent resulted in higher prices that have impacted consumer spending, said the Thule Group to explain a 2.0 percent ...
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Article
Adidas moves Speedfactory technology to Asia
By the end of this year, Adidas will be transferring the robotic Speedfactory technology that it has developed in cooperation with Oechsler to two of its Asian footwear suppliers to help increase the flexibility of the design and production process. With production times substantially cut there, Adidas says it will ...
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Article
Adidas partners with the Space Station
Adidas has announced a multi-year partnership with the International Space Station (ISS), the space laboratory managed by the U.S. Center for the Advancement of Science in Space (Casis). The partnership will explore breakthroughs to improve the future design and engineering of sporting products on and off Earth. For to station’s ...
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News briefs
Adidas and Prada are partnering on a collaborative line of...
Adidas and Prada are partnering on a collaborative line of sneakers. The announcement has been made on Instagram with the three accounts – Prada, Adidas and Adidas Originals – posting the same photo at the same time, all using the hashtag #Pradaforadidas, followed by the comment “Coming Soon.” The collection ...
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News briefs
The Royal Spanish Football Federation (RFEF) and Adidas are extending...
The Royal Spanish Football Federation (RFEF) and Adidas are extending their sponsorship deal through 2030. Adidas originally supplied the Spanish national team's jersey from 1981 to 1983. The present deal dates back to 1991. As recently as last June (see SGI Europe Vol. 30 N°19+20), Adidas was threatening to take ...
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Short stops
Adidas has unveiled the Uniforia, the official match ball for...
Adidas has unveiled the Uniforia, the official match ball for Uefa Euro 2020, named in honor of the unity and the euphoria that football can bring, the brand explained
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News briefs
Adidas has introduced the second generation of the FutureCraft Loop,...
Adidas has introduced the second generation of the FutureCraft Loop, its first 100 percent recyclable shoe. Like its predecessor, the second-generation shoe is also a 100 percent recyclable performance running shoe, but is created using a mix of raw materials and recycled components from the first-generation shoe. This means that ...
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News briefs
Volcom will be adding a branded line of eyewear and...
Volcom will be adding a branded line of eyewear and snow goggles to its product range next year. Electric Visual Evolution, which is also based in Southern California, will design, develop, produce and distribute the new line. Both companies were the property of Kering when the luxury group owned Puma. ...
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Short stops
Nike has added Thasunda Brown Duckett, the chief executive of...
Nike has added Thasunda Brown Duckett, the chief executive of Chase consumer banking, a division of JPMorgan Chase & Co., to its board of directors
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Article
Kjus and new clubs boost Acushnet’s results
After a disappointing second quarter, hampered by lower sales of Titlest golf clubs, Acushnet bounced back in the third quarter thanks to a strong performance from new products and the addition of the Kjus brand of premium functional apparel. The net income of the company, which is controlled by Fila ...
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News briefs
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired...
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired by Mittel, an Italian investment bank, which now owns 90 percent of the Italian down clothing specialist. Ciesse, which was the property of Fila for a while, was a direct competitor of Moncler in its early days, but it didn't ...
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News briefs
Pon Bike has acquired Urban Arrow, a Dutch brand of...
Pon Bike has acquired Urban Arrow, a Dutch brand of electric cargo bikes. Pon has disclosed no financial details about the acquisition. Founded in Amsterdam in 2010 by Jorrit Kreek and Gerald van Weel, Urban Arrow operates in 20 countries and employs a staff of 60 at its headquarters and ...
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Short stops
Fred Perry has opened a 700-square-foot store in Lower Manhattan,...
Fred Perry has opened a 700-square-foot store in Lower Manhattan, working with the same architectural firm, BuckleyGrayYeoman, with which it has cooperated for stores in Stockholm, Seoul, Munich and Bangkok
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News briefs
Vista Outdoor reported an organic sales decline of 7 percent...
Vista Outdoor reported an organic sales decline of 7 percent in its Outdoor Products segment, excluding Bollé and other divested eyewear brands. The division's total sales were off by 14 percent to $234 million, but the adjusted gross margin was up by 3.97 percentage points to 26 percent. The remaining ...
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News briefs
JD Sports reached a total of 60 stores in Spain...
JD Sports reached a total of 60 stores in Spain when it opened two, in the cities of Alcoy and Mogán, on Nov. 23. The new stores carry footwear and urban sportswear from name brands, such Nike, Adidas, Vans and Fila, as well as its own brands, Supply & Demand ...
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News briefs
Anta Sports Products, which had a 57.95 percent stake in...
Anta Sports Products, which had a 57.95 percent stake in the consortium that bought Amer Sports earlier this year, will no longer have to include and report Amer's figures, which have been dilutive, in its consolidated income statements. Anta is shedding 5 percent of its economic interest in the group ...
