All Sporting Goods Intelligence articles in Volume 31, Issue 19+20
View all stories from this issue.
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PDF NewsletterSGI Europe Newsletter: Vol 31 - 19+20
Foot Locker shuts German chain | Sportmaster signs online deal | Zalando sees growth of 10-20% | Facebook looking into retail | Odlo has a new owner | Wintersteiger buys locker-mak|er | VF feels it can face the pandemic | Sales plummet for Under Armour | Mizuno improves in Europe | Yue Yuen takes heavy losses | Oberalp, Schöffel hold e-meetings
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News briefs
Ugg’s decline offset by Hoka One One and Teva
Despite headwinds from Covid-19, robust sales at Hoka One One and Teva helped limit the damage for Deckers Brands’ revenues in its fourth fiscal quarter, ended on March 31. The group’s quarterly sales declined by 4.9 percent to $374.9 million, or by 4.5 percent in constant currencies, while net income ...
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Short stops
CSR & Sustainability
+++ New Balance is donating more than 13,000 pairs of shoes worth $1 million to health workers on the front line at hospitals in New England and St. Louis, in the U.S. +++
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News briefs
Centric Brands goes bankrupt
Centric Brands has filed a voluntary application for Chapter 11 bankruptcy protection, with the support of Blackstone and other secured lenders who are providing $435 million in debtor-in-possession financing. The company said the proceedings will not impact its decision to reopen relevant locations. Centric Brands is a licensee for more ...
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Short stops
Marketing
+++ Nike has entered into a multi-year partnership with the University of Indianapolis, through BSN Sports, that makes Nike the exclusive outfitter for 22 sports teams of the university, effective July 1st +++ Under Armour is partnering with BSN Sports on a new five-year deal that makes the brand the ...
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News briefs
Nike lets New Balance finish up the season with the Liverpool team
If the football season is resumed in the U.K., as has already happened in Germany, the Liverpool team will be allowed to continue wearing the New Balance jerseys until the end of the season. The English team was close to winning the title before the coronavirus pandemic struck. Nike was ...
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News briefs
XXL has completed its equity increase
The Altor Fund has been confirmed as the largest investor in XXL ASA, owning 23.82 percent of the leading Nordic sporting goods retailer’s shares, as a result of an equity increase of 400 million Norwegian kroner (€36.5m-$39.7m), which ended on May 18. Together with an offshoot, Altor Invest, the Norwegian ...
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News briefs
Hummel replaces Umbro as Everton’s kit supplier
Hummel has agreed to a three-year deal as the new kit sponsor of Everton, the English football club that competes in the Premier League. The agreement is reportedly worth more than double the expiring contract with Umbro, which called for fees of between £4 and £5 million per year. The ...
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News briefs
Polartec’s enhanced fleece in Salewa’s jackets
Polartec has contributed an enhanced version of its high loft fleece made from merino wool to a new product line by Salewa, the Italian mountain sports brand. In the newly designed fabric, the layers of merino wool are connected to both sides of a synthetic core. This is said to ...
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News briefs
Icebreaker works with a start-up on temperature-taking armband
Icebreaker, a brand of VF Corp., is partnering with a start-up on the development of a smart armband designed to monitor the wearer’s temperature, which could become a key tool in the post-coronavirus world. Nightingale MedTech, the company behind the armband idea, was only formed on May 1. The prototype ...
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News briefs
The IOC and WHO renew cooperation to promote physical activity
The International Olympic Committee (IOC) and the World Health Organisation (WHO) have announced a new cooperation agreement that reiterates their joint commitment to promoting healthy lifestyles, including physical activity, sport and active recreation, as a tool for better health conditions across the globe. The agreement was signed by the IOC’s ...
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News briefs
Giant’s Q1 results are hit by the pandemic
Giant saw its revenues in the first quarter decline by 9.3 percent on an annualized basis to $444.5 million. The net income before taxes dropped by 16.9 percent to $27.4 million. Sales of e-bikes and traditional bikes in many European countries were hit by strict shutdowns in connection with the ...
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News briefs
Puma partners with Central Saint Martins for sustainable design
Puma has collaborated with Central Saint Martins, the London-based arts and design college, on a new collection that focuses on sustainable technologies in textile manufacturing. The Puma X CSM collection comprises a range of footwear, apparel and accessories that use environmental-friendly dyeing technologies such as “Dope Dye” and digital printing. ...
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News briefs
Michael Jordan’s shoes fetch record $560,000 at Sotheby’s
Sotheby’s has auctioned an autographed pair of Michael Jordan’s sneakers, worn in his rookie season, for $560,000 to an unnamed buyer. The sale establishes a new record for sneakers at the auction house. The Nike Air Jordan 1s match the colors of Jordan’s team, the Chicago Bulls. According to Sotheby’s, ...
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News briefs
Arc’teryx urges politics to include climate among post-Covid 19 priorities
Arc’teryx Equipment has joined 155 multinational companies in a statement jointly issued by the Science Based Targets Initiative, the UN Global Compact and the We Mean Business coalition that urges governments to include climate action in their strategies to rebuild the economy after the coronavirus epidemic. The other signatories include ...
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News briefs
Down supplier makes masks
Allied Feather & Down, the down supplier and maker of bedding, is switching a large portion of its bedding production over to face masks. The company will be using the tightly-woven cotton that it normally employs for pillows and comforters to make washable two-layer face masks. Allied has also partnered ...
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Article
Facebook wants to become a shopping platform
In response to the current corona crisis with the worldwide closure of many physical shops, Facebook has started to integrate a shopping function into its main social network, as it has already been doing on Instagram . Mark Zuckerberg , founder and chief executive of Facebook, said in a livestreamed ...
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News briefsSchöffel organizes its first digital sales meeting
Like Oberalp, Schöffel has decided to hold its first virtual sales meeting because of the coronavirus outbreak. The family-owned German company quickly created an extensive program with product presentations, video contributions, webinars, discussions and live broadcasts across national and continental borders. The venue for the digital sales meeting, which was ...
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News briefs
Castore will be the Rangers’ new kit sponsor
Tom and Phil Beahon, who founded Castore in Liverpool four years ago, say they want to partner with five leading football clubs across Europe in the next 10 months. “All these clubs will be challengers, who are perceived externally as underdogs but who themselves relish the battle and have both ...
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News briefs
Two Swiss companies produce fashionable, reusable masks
Two Swiss textile companies, Schoeller Textil and Forster Rohner, have a developed a washable mask to meet the criteria of the Swiss National Covid-19 Science Task Force, establishing a short supply chain and improving on disposable masks from an ecological perspective. Schoeller is supplying the fabric, a two-layer weave of ...
