All Sporting Goods Intelligence articles in Volume 31, Issue 15+16
View all stories from this issue.
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PDF NewsletterSGI Europe Newsletter: Vol 31 - 15+16
McKinsey and WFSGI on Covid-19 | Some stores re-open in Europe | Intersport Sweden in trouble | Adidas and VF refinance | Wolverine grows in Europe | E-commerce helps Skechers | GoPro focuses on DTC | Columbia acts on coronavirus | Some trade shows turn virtual | Companies help fight the virus
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Article
UYN and others make masks and do more for Covid-19
Trerè Innovation, the Italian knitter of functional garments sold under the new UYN brand name – which stands for “Unleash Your Nature” – has converted its factory in northern Italy to make 10,000 face masks per day, while gearing up gradually for a re-start of the full production process at ...
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Short stops
Corporate short stops
+++ Standard Poor’s has revised down the credit rating outlook for Foot Locker and Hanesbrands , the parent company of Champion +++ Gazelle in the Netherlands and Orbea S. Coop in Spain, two European bicycle makers, have announced that they have resumed operations ...
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Short stops
Marketing short stops
+++ Kappa will replace Le Coq Sportif as the kit sponsor of Fiorentina , the Italian Serie A football club, in a new four-year agreement that will debut in the 2020/21 season +++ Bianchi has become the new official sponsor of the Giro d’Italia , the ...
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Short stops
Legal & Institutional short stops
+++ Patagonia has decided to dismiss its suit against OC Media over a “ Petrogonia ” clothing range allegedly infringing Patagonia’s wordmark and logo +++
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Short stops
Trade Show & Events short stops
+++ Norspo , the semi-annual Norwegian sporting goods fair originally planned to take place in Oslo on June 21-22, has been cancelled because of Covid-19 +++
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Short stops
Executive Changes short stops
+++ Nike has announced Ann Hebert, currently vice-president of global sales, as the new general manager for North America, replacing a long-time executive, Tom Peddie , who is retiring +++ VF Corp. has promoted Cameron Walker , previously vice-president of new models and partnerships, to general manager ...
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News briefs
Vibram launches new shoe
Vibram is launching the FiveFingers V-Train 2.0, a new model for the spring/summer 2020 collection, for men and women. The shoe is designed for indoor physical activities like pilates or yoga, as well as for heavy workouts that require endurance and agility. The new model is available in black/black, black/blue ...
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News briefs
Nike UK kids
Nike and Ukactive Kids have launched Move Crew, a new initiative designed to help children reach their 60 minutes of daily recommended activity. Ukactive is a British not-for-profit health organization for the physical activity sector. The Move Crew initiative sets daily “activity missions” for children to complete. A new Move ...
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News briefs
Nike Earth Day
Nike has celebrated this year’s Earth Day (April 22) by launching a new program on nike.com that makes it easier to search, shop and learn about the sustainable features of its products. Thanks to a new “Shop Sustainable Materials” tab in the navigation, it is now easier to spot sustainable ...
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Article
Skechers’ net falls by 55%
Skechers USA reported a drop of 54.9 percent to $49.1 million in its net earnings for the first quarter ended March 31 on 2.7 percent lower revenues of $1,242 million. In terms of local currencies, sales were down by 1.2 percent, with a small increase of 2.9 percent in the ...
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Article
More fairs are cancelled
The Covid-19 pandemic is leading to the cancellation of more and more events because of the need for social distancing. In some cases, organizers are planning or exploring alternative formats that take advantage of the more or less sophisticated tools offered by the internet for the presentation of new products, ...
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News briefs
Rossignol appoints a global director
The Rossignol Group has made François Goulet its global director, according to sport-guide.com. The appointment follows the departure of the vice president for Europe, François Benaben, after more than eight years with the group. The group’s president and chief executive, Bruno Cercley, explained to sport-guide.com that “it makes sense in ...
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Article
Ecco enjoys another strong year
Ecco’s line of outdoor shoes proved very popular in 2019, driven by the Danish group’s focus on developing its retail portfolio to secure the right locations as consumer and traffic patterns change. During 2019, the store portfolio growth slowed to only six extra shops, with 200 openings and 194 closings. ...
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Article
Some stores are re-opening in Germany
(Updated on April 23) After consultations with the state governors, German Chancellor Angela Merkel announced on April 15 that certain types of stores could open again from Monday April 20, after being shut down for five weeks. The retail lockdown for non-essential items was relaxed only for stores that have ...
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ArticleMcKinsey analyzes Covid-19 with WFSGI
After conducting consumer research and interviews with more than 25 industry players in the apparel and sports markets, McKinsey & Co. has made a series of interesting recommendations for best-practice actions that sporting goods companies can take to navigate through the current Covid-19 pandemic. They were presented in a webinar ...
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Article
Adidas may forego government aid
The Adidas Group said ten days ago that the German government had approved in principle its request to contribute to a €3 billion syndicated revolving credit facility through its state-owned bank, KfW, to help the company weather the Covid-19 crisis. In return, Adidas would not pay dividends for the duration ...
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News briefs
Polygiene is trending up
Polygiene stabilized its business in 2019, with sales declining by just 0.3 percent to 68.8 million Swedish kronor (€6.34m-$6.82m), with cash flow improving and turning positive. Sales actually grew by 6.3 percent excluding the divested Protective Surfaces business, but the operating margin declined and the company ended up with a ...
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News briefsIspo Munich 2021 dates changed to avoid overlap with OR
To avoid overlapping with the Outdoor Retailer Winter Market in the U.S. (Jan. 27- 29), Messe München has postponed the next Ispo Munich to Jan 31 to Feb 3, 2021. Originally, the event was scheduled to run from Jan. 28-31. The new dates will bring the show back to the ...
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News briefs
Former Sports Direct has some problems
Frasers Group says the current uncertainty caused by the Covid-19 “shock” is affecting its bank credit lines and its suppliers’ credit insurance. It understands that the majority of new credit insurance cover has been withdrawn for the time being. The British group, formerly called Sports Direct International, reports that it ...
