All Sporting Goods Intelligence articles in Volume 31, Issue 23+24 – Page 3
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News briefs
Puma cooperates with the designer Billy Walsh
Puma and Billy Walsh, a designer based in Boston, have developed a joint collection. According to Puma, Walsh is one of the most innovative creative minds of our time. His creative work is said to be versatile, ranging from fashion design to songwriting. Above all, he is a well-known name ...
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Article
Lululemon suffered less than its peers
Despite strong gains in e-commerce, store closures due to the Covid-19 pandemic weighed on Lululemon Athletica’s sales, affecting its quarterly performance and sending the vertically integrated yoga apparel maker’s sales down by about 7 percent. Financial analysts had anticipated that the company would book sales of nearly $700 million for ...
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News briefs
Vincent Wauters quits Hunter Boots
Vincent Wouters, the former president of Arc’teryx who became the chief executive of Hunter Boots in 2016, will be stepping down “by mutual agreement” at the end of July to pursue new opportunities, said the Edinburgh-based company, adding that it is launching a “strategic review” of its operations. This comes ...
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ArticleNew runners have emerged from the pandemic
According to a recent study by Asics, the Japanese sportswear brand, the coronavirus crisis has revealed a new-found love for running all over the world. More importantly, most runners are now planning to maintain their new exercise routine in the future. In an encouraging sign, nearly three-quarters (73% globally) said ...
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ArticleDecathlon is entering Ireland
Decathlon is gearing up to open its first flagship store in the Republic of Ireland on Saturday, June 13, after testing the waters on the internet with a website since the end of 2017. Some 60,000 Irish customers are already connected online to its website. Reportedly, the Dublin store should ...
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News briefs
Responding to unrest in the U.S., Adidas pledges to make three investments
In reaction to the unrest in the U.S. over the death of George Floyd at the hands of police officers in Minneapolis, Minnesota, a group of black employees working for Adidas in the U.S. recently addressed a 32-page document, titled “Our State of Emergency,” to the company’s executives. According to ...
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News briefs
Hanesbrands will soon have a new CEO
Champion’s parent company, Hanesbrands, has appointed Stephen B. Bratspies as its new chief executive, granting him a seat on its board of directors. He will be taking these posts on Aug. 3, thereby succeeding Gerald W. Evans Jr., who already announced his retirement after 37 years with the company, staying ...
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News briefs
More anti-virus technology
Graphene Composites (GC) and G-Form have joined forces in the development and distribution of a virus-killing ink that can be used to pre-treat both medical equipment and athletic apparel or footwear. Utilizing an innovative technology from GC, G-Form medical protective equipment and athletic gear/apparel will be pre-treated with a GC ...
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News briefs
Adidas will hold a virtual AGM
The supervisory board of the Adidas Group has decided to hold its annual general meeting in a purely virtual format on Aug. 11, using a dedicated portal on the group’s website, www.adidas-group.com/agm. Shareholders of record who have registered for the AGM will be able to submit questions on the portal ...
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News briefs
Tecnica donates for Covid-19 aid
In the U.S., Tecnica said that it will donate $10 on every pair of shoes sold in the country between June 10 and July 31 to the Covid-19 Crisis Relief Fund of the Two Ten Footwear Foundation. The fund aids employees in the footwear sector, particularly store employees, and their ...
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News briefs
Zumiez has weathered the corona crisis relatively well
Zumiez has reported a 35.3 percent dip in its global sales for the first quarter ended on May 2, but indicated that the rate of decline has slowed in subsequent weeks. On May 2, only 9 percent of its 719 stores in North America, Europe and Australia were open. By ...
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News briefs
Nike signs a female football player from Norway
Nike has signed a 10-year endorsement deal with Ada Hegerberg, a striker for the French Olympique Lyonnais football club. AFP, the French news agency, reports that the deal is worth more than €1 million, whereas Forbes reports that Hegerberg will be receiving a six-figure annual fee. The 24-year-old Norwegian was ...
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News briefsRose Marcario leaves as CEO of Patagonia
Rose Marcario is stepping down as chief executive of Patagonia on June 12, after 12 years with the company, the last six as CEO. She joined Patagonia as chief financial officer in 2008 after spending 15 years in private equity. Patagonia’s chief operating officer, Doug Freeman, will take her place ...
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News briefs
Ultimate Nordic acquires Altra’s distributor
Ultimate Nordic is taking over Getvital Sports, adding Altra running shoes and Injinji socks and technical running equipment to its portfolio of sports and outdoor products, which also includes Buff, Stanley, LedLenser and Soto. Ultimate Nordic is a Norwegian distributor, formerly called Trygve Alm. Established in 1928, it is a ...
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ArticleReebok breaks with CrossFit, whose founder quits
Greg Glassman, who co-founded CrossFit 20 years ago, announced his retirement as its chief executive, after attracting strong criticism for tweeting ”It’s Floyd-19” in reaction to a tweet from the Institute for Health Metrics and Evaluation, which said that racism and discrimination are “critical public health issues.” He resigned from ...
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Article
Mandatory tagging of shoes will start in Russia on July 1st
There will be no further delays in the introduction of mandatory tagging of footwear products sold on the Russian market, said Victor Evtukhov, Deputy Industry and Trade Minister. All untagged shoes will be banned for sale in the country from July 1, he added. The tags consist of electronic chips ...
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ArticleFootway wants to buy a streetwear specialist
The Footway Group, the increasingly international Swedish online shoe retailer that recently agreed to merge with Sportamore, wants to create a leading platform for e-commerce in sports and fashion by also acquiring an online retailer of streetwear and sneakers, Californian Roots, or Caliroots for short. Caliroots has been undergoing a ...
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News briefs
The Swiss love sports
According to a new study by the Federal Office of Sport, the number of Swiss residents aged 15 or older who never participate in physical activity is down to 16 percent, one of the lowest percentages in Europe. Only Finland and Sweden can boast a better performance, with rates of ...
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Article
EU-Vietnam FTA may widen the gap with Cambodia
The Federation of the European Sporting Goods Industry (Fesi) has applauded the ratification by the National Assembly of Vietnam of the Free Trade Agreement between the European Union, removing one of the last obstacles to its passage after eight years of negotiations. Jérôme Pero, secretary general of Fesi, said it ...
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News briefs
Amazon in talks to become Flamengo’s main jersey sponsor
Amazon may become the main jersey sponsor of Flamengo, taking the place of a local bank, Banco BS. The Brazilian football club, based in Rio de Janeiro, and Amazon are reportedly negotiating the deal, which could be announced over the next few weeks. Adidas is still the technical sponsor of ...
