All Sporting Goods Intelligence articles in Volume 31, Issue 13+14 – Page 2
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News briefs
Bollé Brands hires digital director
Bollé Brands continues to boost its management. The holding company for Bollé, Bollé Safety, Serengeti, Cébé, H2Optix and Spy Optics eyewear.has appointed Damien Hars as digital director, responsible for the development of their B2B and B2C online sales platforms worldwide. Hars previously worked for the Rossignol Group, responsible for the ...
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ArticleDecathlon, Nike and others make anti-virus gear
(Updated on April 8) After a successful experiment in Italy (see our previous issue), Decathlon is working with the same Italian 3D printing specialist to adapt its Easybreathe snorkeling masks for the production of respiratory masks that it is donating to hospitals in France and Spain. It has taken all ...
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Article
Sport 2000 explores the post-corona future with suppliers
Instead of standing still and just waiting for the end of the confinement period, the retail organizations of Sport 2000 in Germany and Austria are taking action by studying new opportunities for cooperation with vendors.
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Article
Columbia and VF executives cut their paychecks
Without going as far as Tim Boyle at Columbia Sportswear, Jim Rendle, chairman, president and chief executive of VF Corp., has pledged to cut his compensation in half for the next four months to help save cash for the fight against the coronavirus outbreak. Boyle, president and CEO of Columbia, ...
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News briefsIspo increases its focus on eSports
Following the cancellation of OutDoor by Ispo, the Ispo Group is now increasingly focusing on the digital sector including eSports. Ispo started supporting digital sports competitions in 2018, and this segment has developed from niche to mainstream in only a few years. Under the umbrella of Ispo Digitize, Ispo’s efforts ...
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Article
More donations for coronavirus
(Updated on April 8) Italy’s Cisalfa Sport is supporting Hope, the non-profit organization that helps children and disadvantaged communities in Italy and the Middle East, through the project #CorsaPerLaVita (the Italian for “Run for Life”). The objective of the project is to raise funds for the purchase of lung ventilators, ...
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ArticleSurvey estimates €3.1bn loss in industry revenues in France
According to a survey among its members by Union Sport & Cycle, the French sporting goods and cycling industry association, the Covid-19 pandemic has so far led to losses of €3.1 billion and to the layoff of 50,000 employees across the supply chain in the industry at large. More than ...
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Article
Strong European e-bikes sales take Giant to record highs
The Giant Group reported a 5.3 percent increase in revenues to a record 63,449 million New Taiwan dollars (€1.9bn-$2.1bn) in 2019, boosted by the rising popularity of e-bikes, especially in Europe, where sales gained about 13 percent to NT$ 18,667 million (€571.6m-$617.4m). Collectively, the Taiwanese bike manufacturer’s brands - Cadex, ...
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News briefsVibram pays a 2019 bonus as a positive signal
Like many other companies, Vibram has been hit hard by the current Covid-19 pandemic. Both the research center and production at the Vibram Tech Center in Guangzhou, China, were closed for almost 10 weeks and are now operating at about 80 percent capacity. The production site in Albizzate, near Milan, ...
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ArticleWintersteiger proposes a drying cabinet for disinfection of face masks
To support emergency and medical personnel in times of the Covid-19 pandemic, Wintersteiger has developed a new drying cabinet: The Pure CO18 is used for the chemical-free disinfection of protective masks and hygiene-related utensils. In addition to the drying process, ozone is used to effectively reduce germs. The Austrian ski ...
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Article
Moody's is pessimistic about Amer's outlook
Moody’s downgraded its ratings for Amer Sports’ debt to the lowest level possible, issuing a pessimistic short-term outlook for the company, acquired a year ago by Anta Sports Products and other investors. Moody’s expects a 20 percent decline in the group’s revenues this year, noting that its products are subject ...
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Article
Under Armour budgets hefty restructuring charges
On April 3, Under Armour announced a series of steps that it intends to take in reaction to the “acute” shock caused by the coronavirus epidemic, and quantified the cost of its restructuring program. A few days earlier, two investment brokers, Goldman Sachs and Stifel , had reduced ...
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Article
Puma will hold a virtual AGM, Adidas will pay rent
Puma announced on April 3 that it was suspending the payment of its dividend for this year. Unlike Adidas, which has decided to postpone its own AGM to a still undefined date, the Wild Cat has decided to stick to the previously scheduled date of May 7, but it will ...
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Article
Sportmaster recognized as an essential company for the Russian economy
On March 23, a Russian government commission on economic policy officially added Sportmaster to the list of the companies essential to the national economy. Sportmaster became the first sporting goods retailer in the country ever granted this status, which could help it to better navigate through the current coronavirus ...
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Article
Asics introduces three shoes virtually
Asics has announced the release of three new models of shoes: the Metaracer, the Metarise and the Metasprint. The Japanese company had planned to introduce the shoes at an Asics Innovation Summit in Tokyo. In response to the Covid-19 pandemic, however, it has opted instead to produce its first virtual ...
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News briefs
Management changes at Eastpak and Kipling
VF Corp. saw a number of management changes on April 1. Nina Flood, until now president of Kipling Americas, left to become president of another VF brand, Eastpak. Settling in Antwerp, Belgium, Flood now has charge of the backpack brand’s marketing and sales operations and is reporting to Martino Scabbia ...
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ArticleGaleria and Karstadt Sports get protection from creditors
Galeria Karstadt Kaufhof (or Galeria for short), the new holding company formed last year from the merger of the Galeria Kaufhof and Karstadt department stores, submitted an application for protection from its creditors which was approved by the local court of Essen on Wednesday. Stressing that the proceedings are not ...
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News briefs
Wimbledon is cancelled
The 134th edition of the legendary Wimbledon tennis tournament has been cancelled due to the ongoing coronavirus pandemic. This year’s edition was due to take place from June 29 to July 12. The tournament’s leadership has decided not to reschedule the event this year. The next edition of the championships ...
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News briefs
Kathmandu launches an equity increase
Kathmandu is raising additional funds, for a total of NZ$ 207 million (€112.5m-$121.3m) through a series of placements with institutional and other shareholders, offering 1.2 shares for each share in their possession. Institutional shareholders have already taken up 96 percent of their entitlements under a first tranche that ended on ...
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News briefs
Courir CSR contest
Courir , the French sneaker retailer previously owned by the Go Sport Group , has launched a new edition of its creative contest on the theme of eco-responsibility. Participants can submit projects that revolve around two specific topics: 1) sustainability; and 2) the aesthetical dimension of their original creation. The ...
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