All Sporting Goods Intelligence articles in Volume 31, Issue 15+16 – Page 2
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News briefs
Bench returns to its origins in Manchester
Gordon Brothers of Boston announced the sale of its rights outside the Americas for Bench, the streetwear brand with British origins, to Wraith, an affiliate of Apparel Brands Limited of Manchester that is currently one of Bench’s primary European licensees. The purchase price has not been disclosed. Founded in 2017, ...
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News briefs
Animal to close permanently in January
A slow market in the U.K. made worse by the Covid-19 pandemic is leading to the demise of Animal. The British surf fashion brand was begun in 1987 in the town of Poole to sell a hook and loop watch strap-designed by its founders, two surfers: Ian Elliot and Nigel ...
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News briefs
Lululemon's CFO leaves
Lululemon has announced the departure of its current chief financial officer, Patrick Guido, on May 8. He will be joining the Asbury Automotive Group as senior vice-president and chief financial officer. Meghan Frank, Lululemon’s senior vice-president of financial planning & analysis, and Alex Grieve, vice-president and controller, will take over ...
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News briefs
SportScheck’s boss quits
Markus Rech, former chief executive of SportScheck, is leaving the Signa Retail Group, the new parent company of the German sporting goods retail chain, by mutual agreement to take on new professional challenges. The 46-year-old worked for SportScheck for the past four years and helped the company to expand its ...
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News briefs
Signa Sports United should break even
Despite the pandemic, Tennis-Point will be carrying on with its expansion plans in Spain for the year, albeit with a modified calendar. The German specialty retailer, which belongs to the Signa Sports United Group, has seen its sales of tennis products drop by about 70 percent in Spain, even with ...
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News briefs
Spanish sports retailer calls Spain’s rent forgiveness insufficient
CMDsport reports that the owner of Base Deportes Santa Gema, Francisco Torrejón, deems the Spanish government’s moratorium on rents “insufficient,” as it doubly excludes companies like his own. Decreed on April 21, the moratorium applies to independent workers and, more pertinently, to SMEs with no more than €6 million in ...
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News briefs
Kurt Salmon publishes study on online stores
Kurt Salmon, the consulting company that is part of Accenture Strategy (KSA), conducted a study covering more than 70 online stores in the fashion, sporting goods and premium segment in Germany. Most online retailers are facing problems with significant delivery delays due to the current corona crisis and are hesitating ...
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News briefs
ZDHC for dummies
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has launched a free manual, entitled “Detoxing the Fashion Industry for Dummies,” to share knowledge about the use of chemicals in the fashion industry. The manual provides specific insights into the industry’s supply chain and explains why the fashion industry uses chemicals, ...
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News briefs
Typhoon hires a new operations director
Typhoon International has named James Saunders as its new operations director, in charge of the Typhoon and ISP brands of protective clothing and lifesaving equipment as well as procurement, manufacturing, customer service, warehousing and technical procedures. Saunders has been serving for months as a consultant to the British manufacturer of ...
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News briefs
Alibaba to expand its cloud
According to Reuters, Alibaba Group Holding will be investing 200 billion yuan (€26.1bn-$28.3bn) over three years to bolster its data center and develop semiconductors and operating systems for its cloud-computing infrastructure. The Covid-19 pandemic has spurred demand for business software in China, and high data volumes occasioned by quarantines have ...
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News briefs
Buff joins the OIA’s Climate Action Corps
Buff has become a founding member of the Climate Action Corps, a movement promoted by the Outdoor Industry Association (OIA) that seeks to remove toxic residues from the natural environment. Accordingly, the Spanish neckwear and headwear brand will be measuring and reporting annually on the carbon footprint and greenhouse gas ...
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Article
Saucony, Europe and e-commerce helped Wolverine in Q1
After posting record financial results in the fourth quarter of 2019, Wolverine Worldwide fared relatively well in the first quarter ended on March 28 - given the challenging conditions caused by Covid-19 – thanks mainly to higher online sales and strong performance in Europe and by the Saucony brand.
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News briefs
Nike signs up WNBA star
Nike has announced a multi-year shoe and apparel endorsement deal with Sabrina Ionescu. The financial terms of the agreement have not been disclosed. The Women’s National Basketball Association (WNBA) player was named Naismith Player of the Year and AP Player of the Year during her last year at the University ...
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Article
VF lowers its outlook, refinances
While releasing new financial data and targets and announcing new measures to refinance itself, VF Corporation indicates that it wants to acquire more fast-growing action brands like Altra or Icebreaker and become more “vertical,” boosting a direct-to-consumer (DTC) business that has come to represent 39 percent of its turnover.
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News briefs
Catalonia prepares plan to reintroduce sports
Spain has been one of the European countries that has been most affected by the novel coronavirus. Gerard Figueras, secretary general of sports and physical activity for the autonomous region of Catalonia, has told CMDsport that its government hopes to lift the Covid-19 quarantine of children on April 27 and ...
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News briefs
Fibo’s event director joins EuropeActive’s board
At its general assembly this month – held online to comply with Covid-19 quarantine – EuropeActive appointed Silke Frank, event director for the fitness trade show Fibo, to its board of directors. Frank joins Alfonso Jiménez of Ingesport Go Fit, Jennifer Halsall of Basic-Fit International and Ana Damaso of Portugal ...
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News briefsEuropean Outdoor Summit postponed
The European Outdoor Group ( EOG ) has announced the postponement of this year’s European Outdoor Summit ( EOS ), which was originally planned for Oct. 15-16 in Annecy, France. While the venue will remain the same, the date of the next summit in the autumn of 2021 ...
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Article
GoPro will focus more on DTC
While cutting costs, GoPro has decided to shift more of its business to the direct-to-consumer (DTC) channel as its sales have gone down because of the quarantine-shuttered brick-and-mortar retail sector. Accordingly, the American brand of action cameras has hired a chief digital officer – Aimée Lapic, former chief marketing officer ...
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News briefs
Amazon wants to name the Tottenham stadium
Amazon is emerging as a contender to become the main sponsor of Tottenham’s new stadium, according to reports in the Daily Mail. The British newspaper also indicates, however, that any agreement for the naming rights of the stadium is far from complete, especially in consideration of the general uncertainty caused ...
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News briefs
Wolverine changes its brand structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide’s Michigan Brands group, which consists of the Merrell, Chaco, CAT Footwear, Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is promoting three executives and dividing responsibility for its ...
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