All Sporting Goods Intelligence articles in Volume 31, Issue 11-12
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SGI Europe Newsletter: Vol 31 - 11+12
Nike’s anti-coronavirus playbook | The industry’s Covid-19 reaction | Global recession expected | Tokyo Olympics postponed | Good results for Anta | No pressure for Mammut’s sale | Vulcabras reworks production | TNF is prospecting
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Article
Nike’s anti-coronavirus playbook works out
Nike’s share price rebounded strongly when the New York Stock Exchange opened on Wednesday morning after the release of the company’s third-quarter results at the end of the previous day. It opened at $80.11 as compared to $66.75 on Tuesday morning and $72.16 on Tuesday evening, partly aided by a ...
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Article
Good results for Anta, despite a loss from Amer
Led by Fila, for which it has the rights for Greater China and Singapore, Anta Sports Products reported a 30.3 percent increase in net income to 5,344 million yuan renmimbi (€695.4m-$752.2m) for 2019, while revenues increased by 40.8 percent to RMB 33,927 million (€4.4bn-$4.5bn). The gross margin and the operating ...
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Article
Efficiency gains boost Stella’s profits
Stella International’s profits for 2019 soared by 54.2 percent to $95.9 million. It attributed this improvement in profitability to progress in migrating production capacity from Mainland China to Southeast Asia, including the ramping up of operations at its new manufacturing facility in Vietnam, which makes sports fashion footwear for Nike. ...
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News briefs
OutDoor by Ispo 2020 cancelled
Messe München announced the cancellation of the upcoming OutDoor by Ispo show in Munich, which was to take place from June 28 to the first of July, due to the Covid-19 pandemic. The decision was taken following the recommendations of the Bavarian state government and health authorities and in close ...
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Article
How the industry is reacting to the Coronavirus
(Updated on March 27, early morning time) We have been making use of our new SGI Europe and Outdoor Industry Compass websites to give you a constant flow of new information on what the industry is doing about the spreading Covid-19 pandemic in a dedicated “Corona Ticker.” We feel that ...
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Short stops
Retail short stops
+++ Fanatics and Inter Miam CF, the Major League Soccer (MLS) team part-owned by David Beckham, have announced a long-term omnichannel retail partnership +++
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Short stops
Events short stops
+++ The Internet World Expo trade show, originally scheduled for March, has been postponed to avoid the corona crisis until Oct. 13-14 in Munich +++
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News briefs
Another Under Armour executive is quitting
Kevin Eskridge , chief product officer of Under Armour , is set to be the latest high-ranking executive to be leaving the company. Officially, he is due to quit on Aug. 15 to “pursue other interests.” He joined the company in 2009, well before Patrik Frisk became president and ...
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News briefs
Ecco restructuring its European sales
In an effort to get closer to consumers, Ecco has decided to restructure its European sales organization, decentralizing the management of its wholesale operations. They will be led by a dedicated general manager in each of the three European regions. In the framework of this reorganization, Erik Heldoorn , sales ...
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News briefs
Bluesign revises criteria
Bluesign has released revised criteria as part of its mission to help the fashion and textile industry reduce its environmental impact. Among its changes, the latest update brings increased consideration of definitions and terminology as well as the implementation of new sections, such as the criteria for fiber manufactures. This ...
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News briefs
Texon seeking "zerofootprint"
Texon, the producer of materials for the footwear industry, is seeking to achieve what it calls a “zerofootprint” by 2025. It is pledging over the next five years to reduce its carbon footprint and use of virgin raw materials – particularly cellulose – by 50 percent, to increase the portion ...
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News briefs
Wolverine fined in Michigan
Wolverine Worldwide has agreed to pay $69.5 million to local authorities and the state of Michigan over several years to remedy water contamination from chemicals used in a now-closed tannery and other company-owned facilities in the state. On the other hand, WWW will get $55 million in a lump sum ...
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News briefs
Vietnam will likely meet its export target
The Vietnam Leather and Footwear Association (Lefaso) announced in early February that the domestic footwear industry was likely to reach its export target of $24 billion this year, as a result of the U.S.-China trade war and the related shift in sourcing. According to reports in Vietnam Plus, Lefaso forecast ...
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News briefs
Wolverine appoints global brand presidents
Wolverine Worldwide has appointed Joelle Grunberg as global president of its Sperry division and Tom Kennedy as global president of the Wolverine brand, with oversight for the Licensing Group and membership on the acquisitions team. Grunberg has spent the past seven years as president and chief executive for North and ...
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News briefs
Contradictory reports from Russia on the coronavirus epidemic
Russian sporting goods retailers reported a 28 percent increase in sales during the first week of March as compared to the same period of the previous year, according to the Russian government. The explanation offered by Tass, the state-owned news agency, is that the coronavirus epidemic has encouraged a growing ...
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Article
Record sales for New Wave
The New Wave Group, the company behind Craft and Cutter & Buck, saw sales jump in the fourth quarter by 4 percent to 2,024 million Swedish kronor (€183.6m-$201.0m), or by 1 percent in constant currencies. This is the highest sales level that the Swedish company has ever recorded in a ...
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Article
Technogym’s sales slow down in Europe
Technogym saw a slowdown in its European business in 2019, which the Italian company blamed on uncertainty in the U.K. due to Brexit, weakness in Russia, and a difficult comparison base in Italy with 2018, when key accounts made large purchases from the big Italian supplier of fitness equipment.
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News briefs
Clarus appoints EVP of operations and talent
Clarus Corp. has appointed Kelly Davis as executive vice-president of operations and talent, effective March 26. Davis previously served as a vice-president and general manager of Idex Corp., a diversified engineered products company, where he was responsible for the Trebor and Knight business units. Prior to joining Idex, he served ...
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News briefs
New dyeing technology by Huntsman
Huntsman Textile Effects has developed a new dyeing technology for polyester and its blends that helps to save water, energy and costs. Terasil Blue W is the name of the latest addition to its Tersail W/WW range of fast disperse dyes. It has been specially developed for high-performance sportswear and ...