All Sporting Goods Intelligence articles in Volume 31, Issue 17+18
View all stories from this issue.
-
PDF NewsletterSGI Europe Newsletter: Vol 31 - 17+18
Puma drops by 1.3% in Q1 | Adidas falls by 19% in Q1 | Planet Sports is salvaged | Big clearances help XXL | Stadium offers second|hand items | Decathlon works with marketplaces | Wintersteiger grows strongly | Profits up at Shimano | Fitbit returns to profits | Garmin thrives in outdoor, fitness | Thule grants warrants | Hanesbrands invests in masks | Drop-shipping at Beachbody, Bucher
-
News briefs
Colnago has a new owner
Colnago has been sold to Chimera Investments, an investment fund registered in Abu Dhabi, which has acquired a majority share in the Italian bike company. The iconic brand was founded in 1954 by Ernesto Colnago in Cambiago, near Milan, where the company is still headquartered. While the strategic direction is ...
-
Article
Callaway’s sales and profit plunge
Callaway Golf Co. saw sales for the first quarter decline by 14 percent to $442.3 million, weighed down by the impact of Covid-19 on its golf equipment and softgoods businesses, including the recently acquired Jack Wolfskin brand. Currency fluctuations negatively affected revenues by $4 million. The gross margin decreased by ...
-
News briefs
Stronger management for Kettler
Melanie Lauer has joined the executive board of Trisport to help the development of the Kettler brand of fitness equipment in the areas of marketing, logistics, procurement, finance and operations. Lauer, who comes from Conrad Electronic, will serve as one of the Swiss company’s general managers alongside Stefan Christen, who ...
-
News briefs
GoPro’s sales are cut by more than half
In line with its previous warning, GoPro reported a turnover of $119 million in the first quarter, more than half the $243 million level of the year-ago period. The transition to a more efficient and profitale direct-to-consumer model reduced operating expenses mitigating the decline in the gross margin, which was ...
-
News briefs
A boom in e-commerce for Kathmandu
Kathmandu , the new owner of Oboz and Rip Curl , said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, ...
-
News briefsStore closures weigh on Johnson Outdoors’ sales and profits
Johnson Outdoors’ earnings for its second fiscal quarter, ended on March 27, declined by 7 percent from the year-ago period to $20.4 million. Total revenues were down by 8 percent to $163.1 million, but the gross margin improved by 1.6 percentage points to 46.1 percent, thanks to stronger pricing and ...
-
Article
Puma posts a 1.5% drop in Q1
Doing better than some competitors, Puma reported sales declines of only 1.5 percent in euros and 1.3 percent in local currencies during the first quarter, leading to a 61.6 percent drop in net earnings to €36.2 million on sales of €1,299.8 million, although the company started the year with an ...
-
News briefs
JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...
-
News briefs
Umbro to replace Canterbury as England Rugby’s kit supplier
Umbro will be the new kit supplier for England Rugby in a new four-year deal, effective Sept. 1. It will be the first involvement with professional rugby for Umbro, which will take over from Canterbury of New Zealand, a brand owned by Pentland that has been England Rugby’s official ...
-
News briefs
Eurobike postponed, altered
As Germany has a ban on major events until Aug. 29, logistics will preclude opening the Eurobike show on schedule, just two days later, to run Sept. 2-5. Instead, there will be a one-off Eurobike Special show – a “pure B2B concept,” not open to the public – on Nov. ...
-
News briefs
Efftex postponed until 2021
The 2020 edition of the European Fishing Tackle Trade Exhibition (Efttex), originally scheduled for June 11-13 in Prague, has been postponed until next year. It will be taking place at the same venue at a still undertermined date. Speaking to Angling International, Olivier Portrat – president of the European Fishing ...
-
Article
Fitbit returns to profits thanks to U.S. coronavirus aid
Despite a difficult first quarter, with sales hit by the Covid-19 crisis, Fitbit managed to return to profit. It was helped by a $145 million tax benefit from operating loss carrybacks as part of a government program to help companies through the coronavirus pandemic. Net income reached $20.3 million, compared ...
-
News briefs
Nike donates products for Covid-19 relief
Nike is donating about 140,000 pieces of footwear, apparel and equipment – worth $5.5 million – to hospitals and clinics in response to the Covid-19 pandemic. Medical personnel at the Veterans Health Administration and at hospitals in Chicago, Los Angeles, Memphis and New York City will be receiving 30,000 pairs ...
-
News briefs
Löffler gives away face masks via its online store
Löffler, the Austrian-based brand of sports clothing, is giving face masks free of charge to the first 500 people who place an order on the company’s web shop. Löffler currently produces about 3,000 face masks per day at its headquarters in Ried. Löffler, which belongs to the Fischer group, is ...
-
News briefs
SportScheck cancels its first running event
SportScheck cancelled the start of its Run Challenge series of running events in Germany, which is sponsored by Under Armour. There will be no race in Bremen due to the coronavirus. The Run Challenges in Hamburg, Cologne and Berlin will take place in the second half of this year. The ...
-
Article
Decathlon inks deals with marketplaces
As it has already done with Kant, one of the major multi-brand sports retailers in Russia, Decathlon has embarked on an unusual cooperation with a major Russian e-tailer, Ozon, which is pushing its own marketplace. The highly verticalized French sports retailer has announced a contract with Ozon to sell 1,500 ...
-
News briefs
Dakine closes its head office
Citing the “significant pressure and the financial and operational impacts” caused by the Covid-19 pandemic on Dakine’s business, Marquee Brands said it has decided to close down its Hood River headquarters in Oregon and to move its remaining operations to the office of JR286 in Torrence, California. The move will ...
-
News briefs
Clarus cancels SKB’s takeover, replaces dividend with shares
Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...
-
News briefs
XXL slims down its staff
XXL announced on May 5 that it has decided to initiate a process to reduce the workforce at its headquarters in Norway by around 25, about 20 percent of the employees. Formal procedures for potential dismissals are about to be launched in Sweden and Finland. The Nordic sporting goods retailer’s ...
