All Sporting Goods Intelligence articles in Volume 30, Issue 43-44 – Page 4
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ArticleDecathlon relies on Alibaba for online sales in Russia
Decathlon has begun to sell its products online in the country through the Tmall marketplace of AliExpress Russia, instead of using its own internet platform as in other countries.
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Short stops
Nautilus has appointed a new chief financial officer, Aina Konold,...
Nautilus has appointed a new chief financial officer, Aina Konold, who worked for 20 years with Gap, to replace Sid Nayar, who resigned in July
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News briefs
Wolverine Worldwide has reached a tentative agreement with local authorities...
Wolverine Worldwide has reached a tentative agreement with local authorities and the state of Michigan to help settle its litigation over the damage caused by the use of chemicals in a now closed tannery and another manufacturing plant near its head office in Rockford. The company will pay $69.5 million ...
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News briefs
Deichmann has lost a lawsuit against a Spanish producer of...
Deichmann has lost a lawsuit against a Spanish producer of sneakers and sports shoes, Munich, regarding the use of a cross on its footwear. In a ruling issued in June, but only made public recently, the General Court of the European Union rejected an appeal made by the German company ...
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News briefs
Creating an interesting new position after disappointing results, Asos has...
Creating an interesting new position after disappointing results, Asos has appointed a “chief growth officer,” responsible for driving profitable growth and integrating marketing efforts with strategic planning, analytics and customer experience. The new role, which became effective on Dec. 3, has been assigned to Robert Birge. He will report directly ...
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News briefs
The Adidas Group announced the completion of the second tranche...
The Adidas Group announced the completion of the second tranche of a €3.0 billion share buyback program initiated in March 2018 and running through May 2021. It has purchased sofar €1.8 billion worth of its own stock and plans to buy up to €1.0 billion in 2020. In the second ...
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News briefs
Without confirming a report that the Adidas Group is phasing...
Without confirming a report that the Adidas Group is phasing out 500 jobs in Europe, a spokesman said that it is adapting its organizational structures and processes to become more efficient, looking also for new talent for its digital business. All in all, he indicated, the European staff will remain ...
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News briefs
Adidas has reportedly promoted Jon Wexler, the current vice-president of...
Adidas has reportedly promoted Jon Wexler, the current vice-president of global entertainment and influencer marketing, to general manager of the Yeezy business unit. For the last 13 years, Wexler has helped Adidas set up some of the brand's biggest collaborations with major music stars, including Kanye West and Pharrell Willliams.
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News briefs
Adidas Outdoor will launch next year the first apparel styles...
Adidas Outdoor will launch next year the first apparel styles featuring Primaloft insulation made from recycled Parley Ocean plastic. They will be presented at the Ispo Munich and Outdoor Retailer shows next month. Adidas has already used the repurposed plastic from the organization in its footwear and apparel. Primaloft said ...
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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
Columbia Sportswear is being added to Standard & Poor's MidCap...
Columbia Sportswear is being added to Standard & Poor's MidCap 400 Global Industry Classification Standard
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News briefs
Nike has released a semi-autobiographical video ad in the U.K....
Nike has released a semi-autobiographical video ad in the U.K. with Raheem Sterling, midfielder for the Manchester City and England national football teams. The video shows children playing football where Sterling himself used to play as a child, in the shadow of Wembley Stadium in London's northwestern borough of Brent. ...
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Article
Is Pentland readying new acquisitions?
Confirming a report that it had reduced its stake in JD Sports Fashion, while retaining its position as its majority shareholder, the Pentland Group says the sale of the shares will enable to further a strategy of “growing our portfolio of sports, outdoor and fashion brands through organic investment and ...
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News briefs
Symphony Holdings has completed the acquisition of the global trademarks...
Symphony Holdings has completed the acquisition of the global trademarks and patents of Skins, the Australian apparel manufacturer. In January 2019, Skins filed for bankruptcy in a Swiss court, blaming the global financial crisis for the situation that had led to its own excessive debt. The brand, founded in Australia ...
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Article
Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed
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News briefs
After Icebug achieved its goal of becoming climate positive in...
After Icebug achieved its goal of becoming climate positive in February of this year, the Swedish outdoor footwear brand is now offering what it calls the “world's most sustainable trail running shoes.” The “Outrun” will first be offered and sold exclusively via a Kickstarter campaign to reach the accurate end ...
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News briefs
As part of the Arc'teryx Academy Zurich, Arc'teryx is inviting...
As part of the Arc'teryx Academy Zurich, Arc'teryx is inviting the public to an urban mountaineering event in the Swiss metropolis. On Saturday, Jan. 18, visitors to the Zurich's Foundry Hall can look forward to a free program of workshops, films and lectures on alpine climbing and local mountain activities, ...
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News briefs
Javan Bunch is leaving the Rockport Group after about one...
Javan Bunch is leaving the Rockport Group after about one year in the position of president. Bunch, who previously led Donald J. Pliner, has been reporting to Gregg Ribatt, who was appointed chief executive of Rockport after its takeover in August 2018 by Charlesbank Capital Partners. In addition to the ...
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News briefs
Swiss import duties on various consumer goods could be abolished...
Swiss import duties on various consumer goods could be abolished in the future. If Parliament gives its approval, the plan will come into force in 2022. The abolition of tariffs on a number of industrial products, including bicycles, clothing and health products as well as some raw materials and semi-finished ...
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ArticleThe AAFA appeals to Trump on tariffs
While acknowledging problems in the trade relations between the U.S. and China, the American Apparel & Footwear Association (AAFA) stands opposed to the Trump administration’s policy of imposing high tariffs on imports of footwear and other products from China.
