All Sporting Goods Intelligence articles in Volume 31, Issue 17+18 – Page 4
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News briefs
New Balance wins a case against a Chinese firm
New Balance has won in a copyright case against New Barlun, a Chinese firm that was using an “N” symbol that resembled New Balance’s signature logo on shoes and apparel. The Shanghai Pudong People’s Court has ordered New Barlun to pay damages of 10.8 million yuan (US$1.54 million) to New ...
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Article
Bucher + Walt offers drop-shipping in Switzerland
Drop-shipping can give brands a competitive advantage during the retail lockdown ordered by several governments to reduce contamination from the coronavirus. As previously reported, the current guidelines in Switzerland have been strongly criticized by the nation’s sporting goods retailers’ association, Asmas. Bucher + Walt, the Swiss distributor who bought Dakine ...
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ArticleStadium offers second-hand products and gear rentals
Stadium, the largest sports retail chain in Sweden with a strong presence in Finland, revealed a new partnership with Ebay to launch an online shop for second-hand sports and outdoor products as a new business segment. In Sweden, Ebay operates through a subsidiary called Tradera. Like most other retailers, Stadium ...
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News briefsSilhouette donates Evil Eye glasses to the Red Cross
Silhouette International, the eyewear manufacturer headquartered in Linz, Austria, has supported the Austrian Red Cross with 20,000 pairs of glasses of its Evil Eye brand, which has taken the place of its former licensed Adidas Eyewear collection. Some 5,000 pairs of glasses were distributed to the Red Cross employees in ...
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News briefsProducer of Indigo and Bogner skis files for bankruptcy
Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be ...
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News briefsTenson acquires WearColour and Void Cycling
As reported earlier, WearColour, a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media report that Tenson, one of the iconic Scandinavian ...
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News briefs
New Balance settles lawsuit against Nautica
The trademark infringement lawsuit that New Balance filed in Massachusetts in August 2019 against Authentic Brands Group over use of the letter “N” on footwear and apparel by the brand Nautica has been settled. All claims against Nautica have been dismissed without prejudice, and each party will be covering its ...
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News briefs
Oeko-Tex waives fee for mask certification
Since April 20, Oeko-Tex has waived the licence fee for the Standard 100 certification of mouth and nose masks in order to support the safety of the general public during the period of Covid-19. This measure follows the recently announced process changes for certificate renewals during the corona pandemic. The ...
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ArticleAdidas fell by 19% in Q1, sees Q2 down by over 40%
The Adidas Group reported today a sharp drop in profit margins on a 19.2 percent decline in sales for the first quarter, due to the coronavirus outbreak, but warned that the second quarter will be worse. With more of its store base still closed right now, the management is expecting ...
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News briefs
JD suspends dividends
To save cash, JD Sports Fashion is suspending its annual dividend as all its stores in the U.K., the rest of Europe and the U.S. are now closed because of the coronavirus crisis. The U.K.-based retailer’s executive chairman, Peter Cowgill, is taking a pay cut of 75 percent, while members ...
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News briefs
Pure Fishing gets lower rating
Moody’s has downgraded Pure Fishing, the company previously owned by the former Jarden Corp. that groups together fishing tackle brands like Abu Garcia, Berkley and Shakespeare. The company’s debt reached 9 times Ebitda last year, after running into a negative cash position following a 6 percent decline in its revenues. ...
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News briefs
O’Neill uses marine waste
O’Neill has used this year’s Earth Day on April 22 to draw attention to the sustainably produced O’Neill Blue Label collection. The surf and snowwear brand is committed to protecting the oceans by producing O’Neill Blue swimwear from marine waste. Products that consist of at least 30 percent sustainably produced ...
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Article
Moncler suffers an 18% sales drop in Q1 due to Covid-19
Moncler, one of the public companies that have weathered the collapse of the stock exchange best, saw consolidated sales decrease by 18.1 percent at current exchange rates, or by 18.4 percent at constant exchange rates, in the first quarter to March 31 as compared to the first quarter a year ...
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News briefs
Stella’s Q1 revenues drop by 16%
In a business update for the first quarter, Stella International said it recorded a fall in manufacturing revenues and shipment volumes, due to the delayed resumption of production at its factories in China after the Lunar New Year owing to the coronavirus outbreak.The management also blamed seasonal orders pattern with ...
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Article
Decathlon inks a deal with a major Russian marketplace
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 ...
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