All Sporting Goods Intelligence articles in Volume 31, Issue 17+18 – Page 3
-
News briefs
S&P downgrades Wolverine
Standard & Poor’s downgraded its ratings for Wolverine Worldwide’s debt and unsecured notes because of the likely impact of Covid-19 on its results. While the digital channel now represents about 30 percent of the group’s revenues, S&P forecasts that orders placed by its wholesale clients could drop by as much ...
-
News briefs
Iconix sells Umbro China for $62.5m
The Iconix Brand Group has agreed to sell its equity in Umbro China to HK Qiaodan Investment, generating cash of $62.5 million in the transaction, which is expected to close on or before Sept. 15. Umbro China is currently owned by a subsidiary of Iconix in Luxembourg. The deal covers ...
-
News briefs
Lenzing and Palmers will make 25 million masks per month
Joining forces, Lenzing and Palmers Textil, an Austrian producer of lingerie, have set up Hygiene Austria, a company for the production of high-quality protective masks for the domestic (Austrian) and European markets. After investments of several millions of euros in a modern factory at Wiener Neudorf, the production and sale ...
-
Article
While sales tumble, Shimano’s profits soar
Shimano said its sales for the first quarter were down by 12.3 percent from the year-ago period to ¥76,920 million (€662.5m-$721.1m), hampered by lockdowns around the world in response to Covid-19. However, the company’s net earnings jumped by 95.6 percent to ¥19,663 million (€169.4m-$184.3m), mainly due to strong foreign exchange ...
-
News briefs
Customs seize 1,300 pairs of fake sports shoes
Customs officials in Hamburg have confiscated and destroyed over 1,300 pairs of fake branded sports shoes. They were found together with so-called ”no-name products” in a sea container that arrived from China on Feb. 20. Without revealing the brand names, the officials said they found about 400 different shoe models ...
-
News briefs
11teamsports launches charity line for #WeKickCorona
11teamsports, the German multi-channel retailer, has launched a charity collection together with Leon Goretzka and Joshua Kimmich, the well-known football players of Bayern Munich. The collection comprises three products - a jersey, a hoodie and a shirt - that are available via 11teamsports’ online store. Apart from the value-added tax, ...
-
News briefs
Galvin Green is more sustainable
Galvin Green, the Swedish golf apparel brand, is launching a range of products that are made entirely from recycled materials. All seven styles of its Insula warm layer garments, which include 24 sweaters in total, are now made from bluesign approved fabric. All of the brand’s Gore-Tex waterproof garments also ...
-
News briefs
Wilson puts out a special golf bag
Wilson has launched a new Tour golf bag, the Wilson Staff Pro Tour Bag, that weighs 4.7kg and features a full-length umbrella sleeve and detachable rain hood. It also offers waterproof pockets for mobile phones and electronics, as well as velour-lined pockets for valuables, among other features.
-
News briefs
A 6-year-old boy designed an Erreà jersey
Erreà has presented a special new shirt that Pescara Calcio 1936 (Pescara), a football club that is in Italy’s Serie B division, will be wearing in the next season. What is special about the shirt is that it was designed by a six-year-old boy, Luigi D’Agostino, after the club launched ...
-
Article
Big clearances help XXL through the Covid-19 crisis
The coronavirus pandemic has not come at a good time for XXL, which has been struggling in the past few quarters. But a major clearance program launched in reaction to poor winter conditions boosted its revenues during the first quarter, while depressing its margins.
-
Article
Wintersteiger posts double-digit growth for 2019
After the progress made in the past four years, the Wintersteiger Group has again reported strong growth for the 2019 financial year. The total turnover of the diversified Austrian-based engineering goup increased by 14 percent to €182 million, achieving an Ebitda margin of more than 10 percent. Growth was achieved ...
-
ArticleThule grants warrants after a small sales drop
While withholding the payment of dividends to save cash because of the Covid-19 epidemic, Thule Group’s annual meeting approved an incentive program for executives and key employees after the company reported a relatively small 7.5 percent decline in sales during the first quarter of 2020, with drops of 13 percent ...
-
-
News briefsProwinter goes digital
Prowinter, the Italian B2B event trade show for alpine resort operators, has gone digital this year because of the coronavirus. The Prowinter Startup Award chose its winners on the digital platform Zoom on April 23. The winners, selected from 100 applicants and six finalists, are Glide Nano (Prowinter Audience Award) ...
-
News briefs
Sport 2000 Germany organizes virtual order shows
We expect that many companies will do the same in lieu of their traditional international sales meetings for spring/summer 2021 products. Due to the current situation and the uncertainty about future legal restrictions associated with the coronavirus, the German retail organization Sport 2000 is replacing its Sneaker Order Show, scheduled ...
-
News briefs
Nike obtains dismissal of Klaw logo suit
Nike has obtained the dismissal of Kawhi Leonard’s lawsuit over the “Klaw” logo. Leonard plays for the Los Angeles Clippers of the National Basketball Association (NBA). The so-called Klaw logo is easily identified with the player himself, as it is meant to symbolize his distinctly large hands. According to Nike, ...
-
News briefs
Yue Yuen produced less in Q1
Yue Yuen Industrial has warned investors that its results for the first quarter of 2020 will show a net loss of $50 million to $70 million, compared with a gain of $75 million in the year-ago period, because of the disruption of its supply chain and the lockdown of the ...
-
Article
Callaway’s shares rise on longterm prospects
Callaway Golf Co. released preliminary results for the first quarter which pointed to a drop in revenues and earnings due the coronavirus, but it expressed optimism going forward for its golf equipment and outdoor clothing operations, leading the share price to jump by 17 percent.
-
Article
Vista’s earnings to top guidance
In a business update, Vista Outdoor said that adjusted earnings for its fiscal fourth quarter will exceed its own guidance, adding that it has the support and financial flexibility required to navigate the Covid-19 pandemic. In addition to several brands from the fields of tactics and shooting sports, Vista’s portfolio ...
-
News briefs
Bikester opens store in Stockholm
Bikester opened its first brick-and-mortar Nordic shop in Stockholm on March 13. The 725-square-metre store is located at Uddvägen 5 in the Sickla shopping district. Internetstores , the German-based online retailer of bike and outdoor products which is Bikester’s parent company, said that the new physical store is part ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
