All Sporting Goods Intelligence articles in Volume 31, Issue 29+30 – Page 4
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ArticleUnder Armour posts heavy losses
Under Armour unveiled poor results for the second quarter, recording a net loss of $182.8 million, compared with a net loss of $17.3 million for last year’s corresponding period, as sales tumbled by 41 percent due to store closures related to the pandemic. About 80 percent of points-of-sale worldwide were ...
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News briefs
ANWR Group to offer online seminars to help retailers
The ANWR Group, the international cooperative of independent retailers based in Mainhausen, Germany, that controls Sport 2000 and other franchised chains in various countries, estimates that orders for the next season will be around 30 percent below the average volume of the past years. For this reason, ANWR recommends its ...
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News briefs
Maxi Sport and Cisalfa honored for e-commerce sites
Maxisport.com has been recognized as the best Italian e-commerce site for 2020/2021 in the category “Sport&Outdoor” by L´Istituto Tedesco Qualità e Finanza (ITQF). Founded in 1989 in Merate, in Lombardy, Maxi Sport has four stores in the region. The retailer launched its e-commerce site in 2002. Cisalfa, running 147 brick-and-mortar ...
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News briefs
Nike releases “You Can’t Stop Us” spot
Nike has just released “You Can’t Stop Us,” the third film in the brand’s campaign of the same name. The spot celebrates sport as a source of inspiration despite closed gyms and empty stadiums. Narrated by American soccer star Megan Rapinoe, the film features a group of everyday and elite ...
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News briefs
Anta launches Olympic collection
Anta Sports has launched a collection of licensed sportswear for the Beijing 2022 Winter Olympics and Paralympics. The collection was presented in Shanghai on July 27. The Chinese sportswear firm was appointed the official sports apparel partner of Beijing 2022 in 2017, and also has an agreement with the International ...
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ArticleHanesbrands Q2 sales are almost flat from last year, despite the pandemic
Hanesbrands, the parent company of Champion and other apparel brands, posted revenues of $1.74 billion in the second quarter ended June 27, only slightly down from $1.76 billion in the second quarter a year ago, despite market disruption from the Covid-19 pandemic. Excluding sales of $119 million from the now ...
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News briefs
Nike pledges tens of millions for social justice
On behalf of its Nike, Jordan and Converse brands, Nike has pledged to invest $40 million over the next four years in organizations working in social justice, education and economic empowerment. The company announced on June 5, for starters, that it would be conferring three grants of $1 million to ...
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News briefs
Asics develops face mask for runners
At its Institute of Sport Science (ISS) in Kobe, Japan, Asics has developed a face mask to enable runners to run hard and still breathe well. The Asics Runners Face Cover keeps the air flowing with vents, a curved structure, and a fabric that dries quickly and can withstand washing. ...
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ArticleVF expects some improvement in the second quarter
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made in ...
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ArticleBasicNet first-half sales fall as Covid lockdowns force store closures
Kappa and K-Way owner BasicNet reported a 25 percent fall in first-half aggregate sales as it felt the impact of Covid-19 lockdown measures since January on all its markets. Aggregate sales for the period totaled €367.6 million, down from €484.8 million a year earlier. The figure includes commercial licensees of ...
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News briefs
BasicNet buys back Kappa Japan from China’s DongXiang
BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” “Japan is a ...
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ArticleHoka One One’s momentum saves Deckers Brands’ quarter
Despite headwinds from Covid-19, and a 10 percent decline for Ugg, robust sales at Hoka One One helped Deckers Brands grow in its first fiscal quarter ended on June 30. They progressed by 2.3 percent from the same period last year to $283.2 million, or by 2.8 percent in constant ...
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News briefs
Smith names new executives
Smith, a Safilo Group brand, has appointed Francesco Rinaldi Ceroni as general manager. He joins the company after more than 13 years in both wholesale and retail eyewear, serving most recently as vice president of international strategy and business development at Costa Del Mar. In his new role, he will ...
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News briefs
WFSGI proposes task force for digitalization of product labels
In a letter to its members, the World Federation of the Sporting Goods Industry (WFSGI) has announced the creation of a “Digitization of Product Information” task force, co-chaired by Decathlon and VF Corporation and aiming to promote digital labelling and best practices within the sporting goods industry. On the basis ...
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News briefs
Macron announces new kit sponsorship deals in football and women’s volley
Macron, the Italian sportswear company based in Bologna, has announced new technical sponsorship deals with Wisla Kraków, Calcio Padova and Volley Bergamo. All three deals start from the 2020/21 season. Wisła Kraków is a Polish football club based in Kraków. The team plays in the top level of the Polish ...
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News briefs
Technogym introduces new on-demand content platform
Technogym, the Italian specialist in fitness equipment, has announced the launch of a new on-demand content platform that offers a personalized training experience. The platform is accessible live and on-demand, on Technogym’s equipment consoles and through the company’s Mywellness app. Alongside Technogym’s content library, users will be able to access ...
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ArticleSigna Sports United grows 39% in the third quarter
The online platform Signa Sports United, which includes the online and multi-channel retailers fahrrad.de, bikester, campz, addnature, Tennis Point, Outfitter and Stylefile, increased sales by 39 percent in the third quarter of its current fiscal year, ended on June 30. Based on the entire financial year to date, sales in ...
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ArticleState aid further improves demand for sporting goods in Russia
According to a Moscow-based think tank, Romir, Russian households have spent a significant portion of their state aid for Covid-19 relief on sporting goods. The demand for sporting goods in Russia skyrocketed with the end of the country’s retail lockdown, Romir said. Overall sales were up by a factor of ...
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News briefs
Intersport’s sales fell by 20% in the first half
Steve Evers, chief executive of Intersport International Corp. (IIC), tells us that the majority of the national Intersport operations are doing well at this time, with an “excellent” sales development on a same-store basis across Europe after the reopening of the stores. With a drop of around 20 percent in ...
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ArticleGarmin thrives thanks to home fitness and cycling boom
Garmin’s fitness division saw revenues for the second quarter soar by 17 percent to $294.6 million, as the group benefited from the popularity of home fitness during lockdowns, with advanced wearables and Tacx indoor bike trainers doing well. With the easing of restrictions in May, cycling products proved very popular. ...
